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April 27, 2023, 9:25 PM
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memeorandum
WeSmirchTop News
| Amazon: |
Amazon reports Q1 revenue up 9% YoY to $127.4B, a $3.2B net income, vs. a $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, and staff down 10% YoY to 1.47M — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.
More:
Bloomberg, PYMNTS.com, The Guardian, Investor's Business Daily, Bloomberg, The Information, Reuters, Thurrott, GeekWire, The Verge, Neowin, The Hollywood Reporter, and Wall Street Journal
LinkedIn:
Martin Heubel. Tweets:
@danielnewmanuv, @refsrc, @thetranscript_, @rihardjarc, @negativegw, @rihardjarc, and @munster_gene
| Annie Palmer / CNBC: |
Amazon reports Q1 ad revenue up 21% YoY to $9.5B, vs. $9.1B est., subscription revenue up 15% YoY to $9.7B, and North America segment sales up 11% YoY to $76.9B — - Amazon reported first-quarter sales on Thursday that beat analysts' estimates. — The stock fell in extended trading … | Ellen Huet / Bloomberg: |
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022 — Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.
More:
Clubhouse Blog, The Verge, The Information, Gizmodo, Engadget, TechCrunch, The Hollywood Reporter, CNBC, Axios, The Economic Times, and Slashdot
Tweets:
@pdavison, @pdavison, @joshconstine, @danprimack, and @carlquintanilla
| BBC: |
Microsoft's Brad Smith says the UK CMA's move to block the Activision deal is “bad for Britain” and “is probably the darkest day in our four decades in Britain” — Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
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GamesIndustry.biz, Platformer, Bloomberg, Bloomberg, Game Rant, OnMSFT.com, New York Times, IGN, BBC, Game Developer, Bloomberg, GameSpot, Appuals.com, PC Gamer, TechPowerUp, Vox, BigTechWire, Gameranx, RTÉ, Push Square, iPhone in Canada Blog, TrueAchievements, Light Reading, Video Games Chronicle, Windows Central, Eurogamer.net, Wccftech, Neowin, Reuters, The Verge, Pure Xbox, Dexerto, Slashdot, Wall Street Journal, and Axios
| Cecilia D'Anastasio / Bloomberg: |
The UK CMA's block of Microsoft's Activision deal focuses on the nascent cloud gaming market, confusing analysts as regulators typically focus on mature markets — UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition …
More:
The Verge, Reuters, Eurogamer.net, MediaNama, Bloomberg, BBC, Pure Xbox, Competition and Markets Authority, and Video Games Chronicle
Tweets:
@boosteroid_main, @senninsage, @senninsage, @cecianasta, @cmagovuk, @zoidctf, @projektxbox10, @jezcorden, @gameoverthirty, @hazzadorgamin, @deeketweak, @cecianasta, @charlesfitz, @deeketweak, @cmagovuk, @cmagovuk, @fosspatents, @jezcorden, @cmagovuk, @fosspatents, @mikeisaac, @peterovo5, @tomwarren, @wario64, and @s8mb
| Tom Warren / The Verge: |
Microsoft discontinues Microsoft-branded mice, keyboards, and webcams, to focus on its Surface brand for PC accessories; Microsoft's first mouse debuted in 1983 — Microsoft will no longer manufacture mice, keyboards, and webcams that are Microsoft-branded.
More:
XDA Developers, Nikkei Asia, BigTechWire, MobileSyrup, Neowin, GameSpot, Thurrott, and SlashGear
Mastodon:
@shac@ioc.exchange, @lightweight@mastodon.nzoss.nz, and @shac@ioc.exchange
Tweets:
@stshank, @yevp, and @tomwarren
| Wayne Ma / The Information: |
Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri — Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type …
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Bloomberg, 9to5Mac, Philip Elmer‑DeWitt, AppleInsider, MacRumors, Tom's Guide, iThinkDifferent, iMore, BGR, iPhone in Canada Blog, Redmond Pie, WRAL TechWire, and The Verge
Tweets:
@amir, @business, @cherthedev, @scobleizer, @theinformation, @mvpeers, @waynema, @tomfgoodwin, @robleathern, @amir, @theo_wayt, @mhbergen, and @amir
| Sarah Perez / TechCrunch: |
Pinterest announces a multi-year strategic ad partnership with Amazon, its first ads partner, to bring more brands and relevant products to the social network — Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.
More:
The Information, BBC, MarketWatch, and Search Engine Land
| Ingrid Lunden / TechCrunch: |
Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived” — Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs.
More:
Work in Progress, The Verge, The Register, Reuters, CNBC, Computerworld, San Francisco Business Journal, Neowin, Gizchina, DatacenterDynamics, Forbes, Fast Company, Wall Street Journal, Tech.co, iPhone in Canada Blog, Tech Startups, and Data Center Knowledge
LinkedIn:
Luigi La Corte. Tweets:
@drewhouston, @theankurtyagi, @ponchorebound, @gergelyorosz, @scalzi, @gergelyorosz, @yoavgo, @tprstly, @william_fitz, and @johnkoetsier
| Jonathan Vanian / CNBC: |
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+ — - Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
More:
The Information, MarketWatch, TechCrunch, New York Times, Reuters, Snap Inc., SiliconANGLE, Bloomberg, Fast Company, Deadline, Variety, and The Hollywood Reporter
| IDC: |
Global smartphone shipments fell 14.6% YoY to 268.6M in Q1 2023, the seventh consecutive quarter of decline; Samsung fell 18.9%, Apple 2.3%, and Xiaomi 23.5% — NEEDHAM, Mass., April 27th, 2023 - Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 … | CNBC: |
Coinbase offers a fiery response to the SEC's Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC's regulatory model — - Crypto exchange Coinbase told the SEC that any enforcement action against the exchange would “fail on the merits” … | Victoria Song / The Verge: |
Dyson Zone review: excellent noise cancelation, monitors air quality, and makes users look like Bane, but it's $949, heavy, and air filtering kills the battery — The Dyson Zone is not the most practical device, but then again, did you really expect that from air-purifying noise-canceling headphones?
More:
Variety, Tech Advisor, Engadget, TechHive, SlashGear, Gizmodo, and Pocket-lint
Tweets:
@vicmsong, @hkanji, and @markgurman
| Russell Brandom / Rest of World: |
Since Elon Musk's takeover, Twitter has received 971 government orders globally and has fully complied with 808, an 83% compliance rate, vs. ~50% before Musk — The company has not refused a single request since Musk took ownership, according to self-reported data| Bloomberg: |
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable”; MTA: Twitter demanded $50K per month for API access — New York City's mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders …
More:
The Verge, Associated Press, New York Post, CBS News, abc7NY, and Gothamist
Tweets:
@mta and @asianamproject
| Kif Leswing / CNBC: |
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest quarterly loss yet, and Data Center and AI revenue down 39% YoY to $3.7B — - Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.| The Guardian: |
Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors' investigations — Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex
More:
PetaPixel. Tweets:
@hrrbfiresafety, @katiemcque, @missingchildeu, @anniekelly, @gdnlongread, @davidedgarwolf, @daithaigilbert, and @mlmcnamara
| Rohan Goswami / CNBC: |
Cloudflare reports Q1 revenue up 37% YoY to $290.2M vs. $290.8M est., a $38.1M net loss, and revenue guidance for Q2 and FY 2023 below estimates; NET drops 20%+ — - Cloudflare issued muted guidance for the upcoming quarter and full-year that sent shares down as much as 25%
More:
Investor's Business Daily, SiliconANGLE, Cloudflare, Inc., MarketWatch, and Investing.com. Tweets:
@thetranscript_
| Meagan Simpson / BetaKit: |
Toronto-based Practice Better, which makes client management software for health and wellness professionals, raised $27M led by Five Elms Capital — Practice Better claims to have more than 10,000 customers in more than 70 countries. — Practice Better is the result of its founder …
More:
Practice Better, dot.LA, FinSMEs, and HIT Consultant
| Jonathan Vanian / CNBC: |
Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on the company's dramatic cost cutting — - Revenue at Facebook's parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.| Mickey Djuric / Canadian Press: |
Canada's Online Streaming Act passes final hurdle in Parliament; it requires streamers to support Canadian content and gives the CRTC regulatory power over them — OTTAWA - A federal bill that will force digital platforms like Netflix and YouTube to contribute financially to Canadian content is on the cusp of becoming law.Sponsor Posts
Google:
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Tribe AI:
State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
Zoho:
AI meeting assistants: A game-changer in communication — We've come a long way from live video call demonstrations at world's fairs. What was once considered a futuristic idea is now a vital part of how we collaborate …
AI meeting assistants: A game-changer in communication — We've come a long way from live video call demonstrations at world's fairs. What was once considered a futuristic idea is now a vital part of how we collaborate …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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