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Alphabet: Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours -
Akash Sriram / Reuters: Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares -
Todd Spangler / Variety: YouTube's Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date — YouTube keeps eating up more share of the advertising pie … -
Reuters: Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems -
Sherry Qin / Wall Street Journal: ByteDance says it has no plans to sell TikTok, responding to a report suggesting that it is considering scenarios for selling a majority stake in US TikTok -
The Information: Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to a non-tech company, and without the recommendation algorithm -
Microsoft: Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours -
Jordan Novet / CNBC: Microsoft reports Q3 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY — WATCH NOW -
Tom Warren / The Verge: Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY -
Cecilia Kang / New York Times: The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet -
Ashley Capoot / CNBC: Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP jumps 24%+ after hours -
Kif Leswing / CNBC: Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 7%+ after hours -
CoinDesk: Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product -
Katie Robertson / New York Times: Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site -
Financial Times: Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B -
Ingrid Lunden / TechCrunch: Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018 -
Financial Times: Sources: the US is urging Japan, South Korea, and the Netherlands to tighten export controls to China, including stopping engineers from servicing Chinese fabs -
Toby Sterling / Reuters: As ASML shareholders approve Christophe Fouquet as CEO, he faces a tricky balancing act to guide ASML, Europe's largest tech firm, through the US-China chip war -
Chris Miller / Financial Times: The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia -
Jennifer Maas / Variety: Roku reports Q1 revenue up 19% YoY to $882M, vs. $848.62M est., a net loss of $50.9M, compared to $193.6M YoY, and 81.6M active accounts, up 1.6M from Q4 2023