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Techmeme
April 26, 2024, 12:25 PM
Mediagazer memeorandum WeSmirch
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Top News

Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that the Chinese company is considering selling a majority stake in TikTok US  —  The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok's U.S. business
Reuters:
Sources: ByteDance prefers to shut down TikTok US over selling the app if legal options fail, deeming TikTok's algorithms core to ByteDance's overall operations
Sean O'Kane / TechCrunch:
The NHTSA closes a 2021 investigation into Tesla's Autopilot and opens a new probe to evaluate whether a December 2023 Autopilot recall fix is effective enough  —  The National Highway Traffic Safety Administration closed a long-standing investigation into Tesla's Autopilot driver assistance system …
Emanuel Maiberg / 404 Media:
Apple removes three AI image generation apps from the App Store after a 404 Media probe found the apps advertised being able to create nonconsensual nude images  —  Apple and Google appear more willing to take action against these apps than they were in the past.
Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure  —  Panel will advise Department of Homeland Security on deploying artificial intelligence safely within America's critical infrastructure
Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Alphabet announces its first-ever dividend, $0.20 per share on June 17, and authorizes the repurchase of up to an extra $70B of its Class A and Class C shares
Financial Times:
Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B  —  Offer comes less than two years after private equity group held talks about buying cyber security company
Clothilde Goujard / Politico:
The EU Commission says Shein will have to comply with DSA rules for handling content on its platform from August 2024, as the retailer has 45M+ users in the EU  —  BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August …
Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his company Global Tetrahedron; Lawson had long wanted to buy the satirical site  —  The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.
Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%  —  Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31 …
Jordan Novet / CNBC:
Microsoft reports Q3 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY
Tom Warren / The Verge:
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY
Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, vs. 420M est., and net loss down 7% YoY to $305M; SNAP jumps 25%+  —  WATCH NOW  —  Snap stock soars following beat on revenue, earnings and daily active users  —  Snap reported first-quarter results …
CoinDesk:
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product  —  By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.

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This is a Techmeme archive page. It shows how the site appeared at 12:25 PM ET, April 26, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Sara Fischer / Axios:
Patch CEO Warren St. John says its AI-curated newsletters, with 400K subscribers, have grown Patch's reach from 1.1K to 30K US communities in just a few months

Sara Fischer / Axios:
Memo: Kari Lake, special adviser to the US Agency for Global Media, says Victor Morales, who started working at USAGM in 2016, has been named acting USAGM CEO

Joe Flint / Wall Street Journal:
Sources: Disney to cut nearly 6% staff, or ~200 jobs, across ABC News and Disney Entertainment Networks; ABC is also eliminating 538, which had ~15 employees

More News

Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia
Scott Farquhar / Work Life:
Atlassian's co-CEO Scott Farquhar plans to step down on August 31, 2024, after 23 years at the company; he will remain a board member and a special advisor

Earlier Picks

Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 10%+
Ingrid Lunden / TechCrunch:
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018
Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, and emoji; Threads is also testing a way to mute notifications and controls for quote posts
Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet
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