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April 25, 2019, 1:10 PM
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| Facebook: |
Facebook reports Q1 revenue of $15.08B, up 26% YoY, as advertising revenue hits $14.91B, up 26% YoY; sets aside $3B related to a forthcoming FTC settlement — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2019.
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| BuzzFeed News: |
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock is up ~7%, adding ~$40B to its market cap — Facebook will set aside $3 billion to cover expenses associated with a fine from the Federal Trade Commission over its privacy practices. All good here, say investors.| Josh Constine / TechCrunch: |
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Marketing Land, The Verge, iPhone in Canada Blog, and Axios
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| Josh Constine / TechCrunch: |
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Tweets: @farhip, @edzitron, @jenvalentino, and @joshconstine
| Tom Warren / The Verge: |
Microsoft briefly passed a market cap of $1T, the third US company to do so after Apple and Amazon — Strong earnings push Microsoft toward a new milestone — Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone after a jump …
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CNET, Philip Elmer‑DeWitt, Bloomberg, Fortune, Wall Street Journal, CNBC, GeekWire, and 9to5Mac
Tweets: @charliebilello, @carnage4life, @joemccann, and @joshelman
| Microsoft: |
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CNBC, Windows Central, Bloomberg, Thurrott, New York Times, GeekWire, OnMSFT.com, Mashable, TechCrunch, Softpedia News, Coinspeaker, cloudpro.co.uk, Silicon Republic, Pocket Gamer.biz, ZDNet, South China Morning Post, The Verge, The Register, SiliconANGLE, Quartz, Variety, Engadget, MSPoweruser, Telegraph, Axios, The Seattle Times, AskWoody, Reuters, Thurrott, GeekWire, Petri, ZDNet, Financial Post, MarketWatch, and Yahoo Finance
Tweets: @microsoft, @fxshaw, @mdudas, @tomwarren, @aparanjape, @coolcsh, @fxshaw, @fxshaw, @carnage4life, @markhachman, @patrickmoorhead, @robinwauters, @inafried, @cityindex, @jrichlive, @benbajarin, @microsoft, @bdsams, @microsoft, @microsoft, @microsoft, @microsoft, @bdsams, @bdsams, @bdsams, and @bdsams
| Eli Blumenthal / CNET: |
Verizon begins preorders for Samsung Galaxy S10 5G starting at $1,300 and names 20 cities that will get 5G in 2019 — Verizon's 5G rollout is spreading to more markets. And with the expansion comes the launch of Samsung's Galaxy S10 5G. — On Thursday, the largest wireless carrier …
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Verizon Fios & Custom TV, Digital Trends, PCWorld, 9to5Google, TechCrunch, Android Police, Telecompetitor, VentureBeat, The Verge, Android Authority, and The Verge. Thanks:@jasonhiner
| Tony Romm / Washington Post: |
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info — Canadian regulators on Thursday found that Facebook committed “serious” breaches of local laws over its mishandling of users' personal information …
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priv.gc.ca, TechCrunch, Bloomberg, Gizmodo, and The Verge
Tweets: @mgeist, @profcarroll, and @mgeist
| Bloomberg: |
Nintendo misses analyst estimates of Switch sales with 17M units shipped in 2018 and 18M forecast for 2019, says no plans for new Switch at E3 this year — - Forecast for profit, Switch shipments below analyst estimates — President Furukawa says new hardware won't be unveiled at E3
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Tweets: @gibbogame, @ynakamura56, and @next_china
| Andrew Leonard / OneZero: |
As AWS launches more services based on open source projects, some devs say AWS poses an existential threat by lifting others' work and renting access to it — Community leaders say AWS increasingly poses an existential threat — March 11, a Vice President at Amazon Web Services …
Tweets: @mvzelenks, @vineetdevaiah, @mvzelenks, @acsifferlin, @mvzelenks, @medium, and @sogrady
| The Information: |
Source: Apple has cut its spending on AWS to around $370M in 2018 from $775M in 2017, in its bid to become self-sufficient in cloud operations — Apple has cut its spending on Amazon Web Services dramatically over the past year, to around $370 million in 2018 from $775 million in 2017 …
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9to5Mac
| Sarah Perez / TechCrunch: |
Microsoft report: 41% of voice assistant users are concerned about trust, privacy, and passive listening; 52% worry their personal info or data is not secure — Forty-one percent of voice assistant users are concerned about trust, privacy and passive listening, according to a new report … | Julia Carrie Wong / The Guardian: |
Child stars on Instagram and YouTube aren't being protected by child labor laws, which were designed to prevent exploitation by parents and employers — ‘Kidfluencers’ are earning millions on social media, but who owns that money? — They open boxes, play with toys, pull pranks and make slime.| Sarah Perez / TechCrunch: |
Walmart opens a working concept store called IRL in Levittown, New York with interactive displays and AI-enabled cameras to monitor stock levels — Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including A.I.-enabled cameras and interactive displays.
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news.walmart.com
| Josh Constine / TechCrunch: |
Snapchat announces a new Bitmoji For Games SDK that will let select game developers integrate 3D Bitmoji as a replacement for their character skins — Want your video game character to look just like you? Soon you'll be able to scan an in-game code with Snapchat to play …
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The Verge, 9to5Mac, Business Wire, and Gamasutra
Tweets: @turnernovak, @adamokane, @joshconstine, and @joshconstine
| Greg Otto / CyberScoop: |
Security experts say companies that dominate the US election tech market have failed to acknowledge and remedy vulnerabilities in systems used to hold elections — The last few years have been an awakening for Election Systems & Software. Before 2016, very few people were publicly pressing … | Jessica Guynn / USA Today: |
Facebook admits it often confuses advocacy and commentary on racism and white complicity in anti-blackness with attacks on a protected group — It was spirit week, and Carolyn Wysinger, a high school teacher in Richmond, California, was cheerfully scrolling through Facebook on a break between classes.
Facebook: Reyma McCoy McDeid. Tweets: @aclu, @rashadrobinson, @colorofchange, @rashadrobinson, and @jguynn
| Paul Sawers / VentureBeat: |
Online learning startup Coursera raises $103M Series E led by Seek Group, at a valuation of over $1B — Online education giant Coursera has raised $103 million in a series E round of fudning led by Seek Group, with participation from Future Fund and NEA. — Founded in 2012 …
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TechCrunch
| PayPal: |
PayPal reports Q1 revenue of $4.13B, up 12% YoY, net income of $667M, up 31% YoY, and $161 billion in total payment volume, up 22% YoY — GAAP EPS of $.56, increasing 34%; non-GAAP EPS of $.78, increasing 37% $.08 EPS benefit related to PayPal's strategic investment in MercadoLibre 9.3 million net …
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