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April 28, 2020, 6:55 PM
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| Alphabet: |
Alphabet reports revenue of $41.2B, up 13% YoY, net income of $6.8B, up from $6.7B YoY, Other Bets operating loss grew to $1.1B; headcount grew to 123K, up ~20K — MOUNTAIN VIEW, Calif. - April 28, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2020.
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VentureBeat, The Verge, Forbes, Android Police, Thurrott, TechCrunch, Reuters, SiliconANGLE, ZDNet, CNBC, Silicon Valley Business …, Adweek, Engadget, and MSPoweruser
| Jon Swartz / MarketWatch: |
Alphabet Q1 earnings show the pandemic is responsible for “a significant slowdown in ad revenues”, with $33.8B revenue from ads; stock up ~9% after hours — Earnings come in lower than diminished expectations, but sales growth tops projections despite COVID-19 effects — Referenced Symbols| Matt Stroud / OneZero: |
The CEO of Banjo, a SoftBank-backed surveillance firm that's raised nearly $223M, was once a neo-Nazi and was involved in the drive-by shooting of a synagogue — magazine profiles and on conference stages, Damien Patton, the 47-year-old co-founder and CEO of the surveillance startup Banjo, often recounts a colorful autobiography.
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The Verge, OneZero , and Business Insider
Tweets: @davegershgorn, @ozm, @sltrib, @josephfcox, @_cingraham, @dlberes, @willoremus, @ryan, @antumbral, @karlitaliliana, @bubbaprog, @sarahbmyers, @blakersdozen, @phd_femme, @cjane87, @ozm, @antifagator, @schwindter, @josephfcox, @bendwalsh, @sltrib, @moorehn, @sivavaid, @ozm, @willsommer, @mer__edith, @ozm, and @ozm
| Amir Efrati / The Information: |
Source: Uber executives discuss cutting ~20% of its 27,000 headcount in the coming weeks; company veteran CTO Thuan Pham has resigned — Executives at Uber are discussing plans to cut around 20% of the company's employees, as it copes with a sharp decline in its ride-hailing business due …
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Telegraph, The Verge, Business Insider, Reuters, Fortune, New York Post, Axios, and PYMNTS.com
Tweets: @carnage4life, @kateclarktweets, @amir, and @amir
| Casey Newton / The Verge: |
YouTube adds fact-check info boxes to some searches, above the search results, in the US, after launching in Brazil and India last year — The program launched in Brazil and India last year — YouTube will begin adding informational panels containing information from its network …
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YouTube Blog, Input, The Next Web, Poynter, Search Engine Journal, TechCrunch, Android Police, Social Media Today, SlashGear, Variety, Digital Trends, Forbes, Adweek, Android Central, The Daily Hodl, Reclaim The Net, Engadget, Pocketnow, Mashable, 9to5Google, and CNET
Tweets: @youtubeinsider, @alxthomp, @politifact, @mccanner, @mattnavarra, @rkyncl, and @factcheckdotorg
| Darrell Etherington / TechCrunch: |
Apple adds COVID-19 testing site information to Apple Maps across the US and makes improvements to its Mobility Trends site — Apple has now added COVID-19 testing sites to its Apple Maps app across the U.S., covering all 50 states and Puerto Rico. The update provides testing locations …
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Engadget, AppleInsider, Appleosophy, MacRumors, 9to5Mac, MacDailyNews, and iDownloadBlog.com
| David Gelles / New York Times: |
A look at efforts by the tech industry to procure PPE for frontline workers, including one led by Salesforce's Marc Benioff to secure 50M pieces of PPE for $25M — A call from a university chancellor set in motion a private sector effort to procure 50 million masks, gowns and swabs for American medical facilities.| Taylor Lorenz / New York Times: |
Instagram has been overrun with cash giveaways, which are often framed as charity, but are part of growth schemes run by social media marketing firms — As the coronavirus continues to disrupt lives and livelihoods, influencers are offering free money to followers — and gaining a lot more in return.
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Input. Tweets: @rebexxxxa, @randfish, @taylorlorenz, @jamesrbuk, @devinkofsky, @brandyzadrozny, @taylorlorenz, @chrismartin17, @greg_jenner, @yashar, @kalhanr, @justinbrookman, and @profcarroll
| Sarah Perez / TechCrunch: |
Spotify's Anchor launches a tool that turns video chats into podcast-ready audio; works with a range of videochat products including FaceTime and Instagram Live — Spotify is tapping into the increased usage of video conferencing during the coronavirus quarantine to grow its own podcast business.
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Anchor, Marketing Land, Nieman Lab, MobileSyrup, Los Angeles Times, The Verge, and Engadget. Tweets: @mignano
| Andy Greenberg / Wired: |
Kaspersky researchers detail a targeted espionage campaign via Play Store spyware apps, aimed at a few hundred users in Vietnam, Bangladesh, Indonesia, India — Malicious Android apps from the so-called PhantomLance campaign targeted hundreds of users, and at least two slipped past Google's defenses.
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Securelist, CyberScoop, Security Affairs, ZDNet, and BleepingComputer
Tweets: @lorenzofb and @a_greenberg
| Jennifer Elias / CNBC: |
In an email to staff, Google CEO Sundar Pichai said the company will allow employees to return to offices no earlier than June 1 and take a “staggered” approach — - Google CEO Sundar Pichai said the company will allow employees to return to offices no earlier than June 1 …
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Business Insider, CNET, GeekWire, KnowTechie, and Forbes
Tweets: @caseynewton, @alcardenasfl_dc, and @dangraziano
| Anthony Ha / TechCrunch: |
Shopify launches Shop, a consumer shopping app that allows users to browse recommended and local products and buy using the one-click Shop Pay checkout process — While Shopify is best-known for powering the online stores of more than 1 million businesses, the company is launching …
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The Logic, Business Wire, MSPoweruser, and BetaKit
Tweets: @tobi, @hugoamsellem, @bwertz, @joshelman, @arainert, @benbajarin, and @benjaminsehl
| Wall Street Journal: |
Sources: Zuckerberg more actively in charge of Facebook after five departures from board of directors since 2019, as he attempts to consolidate decision-making — The 35-year-old tycoon has recast the company's board of directors and sought a high-profile role for the social-media giant in the Covid-19 pandemic
Tweets: @ron_miller
| Stephanie Condon / ZDNet: |
AMD reports Q1 revenues of $1.79B, up 40% YoY, non-GAAP net income of $222M, compared to $62M in the year prior; stock down ~5% in after-hours — Computing and Graphics revenue was up 73 percent year-over-year, thanks to strong Ryzen processor and Radeon product channel sales.
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Tom's Hardware and AMD
| Sarah Perez / TechCrunch: |
Instagram launches a way for users to fundraise for nonprofits while livestreaming, showing streamers a breakdown of donors, so they can give them a shout-out — Instagram is today launching a new way for users to fundraise for nonprofits via Instagram Live, amid the coronavirus pandemic.
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Instagram, Engadget, Mashable, Later Blog, Newsweek, The NonProfit Times, Neowin, The Verge, Tubefilter, Social Media Today, and Android Central. Tweets: @karissabe
| Ryan Browne / CNBC: |
British payments firm Checkout.com joins the Libra Association, the first payments processor to do so since Visa, Mastercard, and Stripe pulled out in October — - Checkout.com is the first payments firm to join the Libra Association after Visa, Mastercard and Stripe pulled out over regulatory concerns.
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Checkout.com, Cointelegraph, The Block, CoinDesk, Reuters, BitcoinExchangeGuide, CoinDesk, PYMNTS.com, and Messari Crypto
Tweets: @libra_, @ryan_browne_, @checkout, @messaricrypto, and @cnbc
| Nikkei Asian Review: |
Sources: Huawei has partnered with French-Italian chipmaker STMicroelectronics to co-design mobile and automotive chips as it seeks a shield from US sanctions — Collaboration with Tesla supplier STMicro also set to aid self-driving goals — TAIPEI — Huawei Technologies is working …
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U.S. Department of Commerce, Gizchina, Light Reading, SlashGear, and Huawei Central
| Natalie Gagliordi / ZDNet: |
Oracle announces Zoom has picked it as the meeting service's core cloud infrastructure provider and is already moving seven petabytes through its cloud daily — The deal is a major win for Oracle's cloud computing business, especially considering Zoom's newfound ubiquity.
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Oracle, CNBC, TechCrunch, SiliconANGLE, TechSpot, Oracle, MSPoweruser, Silicon Valley Business …, OnMSFT.com, CryptoGlobe, and IT Management
Tweets: @cnbc and @realgenekim
| Gizmodo: |
Parolees say technical issues with Guardian, an app that uses GPS and biometric data for tracking, are causing problems including losing jobs, reincarceration — On the day Layla got out of prison and back to her home in Georgia, she was told she would need to purchase a smartphone …
Tweets: @ruthbrarian, @j0hnnyxm4s, @howelloneill, @pebonilla, @tr1ckykid, @molly__o, @butnickdavis, @zackwhittaker, @originalesushi, and @angelsdiaz_
| Jem Aswad / Variety: |
Facebook plans to add the ability for Pages to charge for access to livestreamed events, but details like a cut percentage and the launch date are lacking — Facebook plans to allow users to charge for livestreams, which will provide a way for musicians and other creators to monetize … | Bloomberg: |
Sources: TripAdvisor will cut ~300 global and ~600 US positions, shutting San Francisco and downtown Boston offices; most remaining employees to take 20% cut — TripAdvisor Inc. is cutting about a quarter of its workforce in a bid to shrink costs as the global coronavirus pandemic decimates travel.| Matt Day / Bloomberg: |
As Amazon's no-questions-asked paid leave policy ends on May 1, warehouses are safer but interviews show many workers are not turning up and remain scared — In the breakroom at an Amazon.com Inc. warehouse in Hazle Township, Pennsylvania, a PowerPoint presentation playing on repeat shows people … | James Cook / Telegraph: |
Deliveroo, which employs over 2,500 people, is laying off 367 and furloughing 50 employees as it struggles amid low demand — 50 employees have also been furloughed as the business prepares for an economic downturn — Deliveroo is letting go of 367 of its employees as it struggles with demand amid coronavirus lockdown.Thanks:@matthfield
| Marne Levine / About Facebook: |
Facebook says it will stream a virtual graduation ceremony on May 15, with a commencement speech from Oprah Winfrey; highlights will be shared on Instagram — This is a bittersweet time for the Class of 2020. As students head toward graduation, it's not the day they might have imagined …
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The Verge, People.com, Entertainment Tonight, Los Angeles Times, Variety, USA Today, and Adweek. Tweets: @zagrrl
| Mary Ann Azevedo / Crunchbase News: |
Cheetah, which offers contactless pickup and delivery of food and supplies, raises $36M Series B led by Eclipse Ventures, bringing its total funding to $66M+ — Cheetah, which offers contactless pickup and delivery of food and supplies, has closed $36 million in a Series B funding round, the company exclusively told Crunchbase News.
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TechCrunch and FinSMEs
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