Techmeme
April 26, 2023, 2:45 PM

Top News

Competition and Markets Authority:
The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing concerns about competition and innovation in the UK gaming market; Microsoft plans to appeal  —  The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future …
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New York Times:
A look at the mounting US pressure on Binance: the DOJ's money laundering division leading its criminal investigation, CZ hiring Latham & Watkins, and more  —  The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.
Yueqi Yang / Bloomberg:
Brian Fung / CNN:
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teen accounts  —  A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies …
Damilare Dosunmu / Rest of World:
A look at the waning crypto hype in Africa, as consumer trust fades, startups shut down, and Web3 workers reconsider their careers after FTX's fallout  —  Trust is fading, startups are shutting down, and Web3 workers are reconsidering their career choices.  —  • LAGOS, NIGERIA
Allison Johnson / The Verge:
Lenovo announces the $699 Lenovo ThinkPhone by Motorola, with ThinkPad-compatible productivity features, available to enterprises now and unlocked on April 28  —  The Lenovo ThinkPhone by Motorola is available in the US starting today for $699, offering a suite of productivity features designed to work with ThinkPad laptops.
Alphabet:
Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY  —  MOUNTAIN VIEW, Calif. - April 25, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023.
Jordan Novet / CNBC:
Monica Chin / The Verge:
Hands-on with Asus' ROG Ally, a handheld Windows gaming PC launching on May 11 that could take on the Steam Deck, depending on the price, software, and battery  —  I had a fun time testing this device, but everything's going to come down to price. … Basically everything written about Asus …
Jay Peters / The Verge:
TikTok appears to be working on a feature that would let users create AI-generated profile pictures, similar to the images that Prisma Labs' Lensa app generates  —  TikTok is working on a feature that will create AI-generated profile pictures, according to social media consultant Matt Navarra …
Microsoft:
Microsoft reports Q3 revenue up 7% YoY to $52.9B, net income up 9% YoY to $18.3B, Office Commercial up 13% YoY, Dynamics 365 up 25% YoY, and LinkedIn up 8% YoY  —  REDMOND, Wash. — April 25, 2023 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2023 …

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