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April 28, 2023, 8:25 AM
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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.
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Finextra, Bloomberg, Bloomberg, TechRadar, Silicon Republic, Reuters, PYMNTS.com, The Guardian, Investor's Business Daily, The Information, Neowin, The Economic Times, Reuters, Thurrott, GeekWire, The Hollywood Reporter, The Verge, and Wall Street Journal
LinkedIn:
Martin Heubel. Tweets:
@thetranscript_, @rihardjarc, @bolthype, @negativegw, @rihardjarc, @refsrc, @danielnewmanuv, 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 …
More:
ComputerWeekly.com, Coinspeaker, RTÉ, Financial Times, BigTechWire, Agence France-Presse, SiliconANGLE, CRN, and The Information. Tweets:
@thetranscript_
| Bloomberg: |
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable” and that 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 …
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The Verge, New York Times, MTA, Engadget, Associated Press, abc7NY, CBS News, New York Post, Gothamist, CNN, and Fox Business
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@mta, @jgee, @sivavaid, @charlesarthur, @mrmedina, @asianamproject, @mollyjongfast, @jonostrower, @sivavaid, @marklevinenyc, @bgrueskin, @bobbybigwheel, and @harikunzru
| 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.
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Clubhouse Blog, The Verge, The Hollywood Reporter, The Information, TechCrunch, Axios, Moneycontrol, Hypepotamus, CNBC, Music Ally, Gizmodo, Engadget, and The Economic Times
Tweets:
@pdavison, @pdavison, @joshconstine, @ankit_quant, @mhiggins, @danprimack, and @carlquintanilla
| Olga Kharif / Bloomberg: |
A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022 — A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin …
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CFTC, Reuters, The Block, Decrypt, Cointelegraph, CoinDesk, DL News, Coinspeaker, crypto.news, Cryptonews, CryptoPotato, Cryptopolitan, Bitcoinist.com, CryptoSlate, and Watcher Guru
| 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.
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Social Media Today, The Information, BBC, Search Engine Land, and MarketWatch. LinkedIn:
Briana Finelli
| 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.
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Windows Central, TechRadar, gHacks Technology News, BigTechWire, SlashGear, XDA Developers, MobileSyrup, Neowin, Thurrott, and GameSpot
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@shac@ioc.exchange, @shac@ioc.exchange, and @lightweight@mastodon.nzoss.nz
Tweets:
@stshank, @leonkiriliuk, @yevp, and @tomwarren
| 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 …
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CNBC, GamesIndustry.biz, Reuters, Reuters, BBC, Fortune, Gameranx, TrueAchievements, IGN, TweakTown, GameSpot, Gameranx, CNBC, Pure Xbox, Windows Central, Wccftech, The Verge, Game Developer, Bloomberg, and BBC
Tweets:
@nvidiagfn, @boosteroid_main, @ingridlunden, @idlesloth84_, @gameoverthirty, @deeketweak, @fosspatents, @tomwarren, @charlesfitz, @cmagovuk, @cmagovuk, @fosspatents, @cmagovuk, @deeketweak, @hazzadorgamin, @zoidctf, @gameoverthirty, @deeketweak, @cecianasta, @cecianasta, @senninsage, @projektxbox10, @jezcorden, @senninsage, @jezcorden, @cmagovuk, @fosspatents, @mikeisaac, @peterovo5, @tomwarren, @wario64, and @s8mb
| 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” … | Aoyon Ashraf / CoinDesk: |
Robinhood introduces Connect, which allows users to fund their Web3 wallets without having to leave a decentralized app or be in their Robinhood Crypto accounts — The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months.
More:
Under the Hood, Finbold, Decrypt, Coinmonks, Fortune, Coinspeaker, CryptoSlate, Cointelegraph, crypto.news, and Watcher Guru. Tweets:
@wublockchain
| Ben Schoon / 9to5Google: |
Google TV rolls out its free built-in channels to all US users and adds offerings from Plex, Haystack News, and Tubi, for a total of 800+ free channels — After being announced earlier this month, Google TV is now widely rolling out its free, built-in streaming channels to all users alongside free channels from other providers.
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Cord Cutters News, TechRadar, and Gizchina
| Blake Brittain / Reuters: |
Filing: Triller agrees to pay Sony Music $4.5M+ to settle claims that Triller breached a contract covering its use of musicians' songs on the platform — TikTok rival Triller Inc has agreed to pay Sony Music Entertainment (6758.T) more than $4.5 million to resolve claims that Triller breached …
More:
Music Ally, Billboard, Digital Music News, and Music Business Worldwide
Tweets:
@reuterslegal and @reuterslegal
| 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” … | 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 a final Senate vote; the law will require streamers to support Canadian content and gives the CRTC regulatory power — 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.
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Toronto Star, CBC News, Government of Canada, OpenMedia, Michael Geist, Deadline, Engadget, MobileSyrup, iPhone in Canada Blog, Pixel Envy, Globe and Mail, Reuters, and National Post
| Viola Zhou / Rest of World: |
A profile of Liu Xiaoping, a dog food seller on Pinduoduo who coaches Chinese merchants on using legal action to fight Pinduoduo's refund-without-return policy — A dog food seller known as “Lawsuit Bro” is leading the fight. — A dog food seller on Pinduoduo has emerged as an unlikely hero …
Tweets:
@linzhang9, @yilingliu95, @jane_seidel, @anupkaphle, @restofworld, @restofworld, @violazhouyi, and @restofworld
| 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:
Cloudflare, Inc., SiliconANGLE, Investing.com, MarketWatch, and Investor's Business Daily
Tweets:
@baburkhwaja and @thetranscript_
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UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
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Zoho:
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IDrive:
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