Facebook reports Q1 revenue of $15.08B, up 26% YoY, as advertising revenue hits $14.91B, up 26% YoY; sets aside $3B related to a forthcoming FTC settlement
Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2019.
Microsoft reports Q3 revenue of $30.6B, up 14% YoY, as net income rose by 19% YoY to $8.8B; Intelligent Cloud revenue rose 22% YoY to $9.7B
REDMOND, Wash. — April 24, 2019 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year:
Nintendo misses analyst estimates of Switch sales with 17M units shipped in 2018 and 18M forecast for 2019, says no plans for new Switch at E3 this year
- Forecast for profit, Switch shipments below analyst estimates — President Furukawa says new hardware won't be unveiled at E3
Verizon begins preorders for Samsung Galaxy S10 5G starting at $1,300 and names 20 cities that will get 5G in 2019
Verizon's 5G rollout is spreading to more markets. And with the expansion comes the launch of Samsung's Galaxy S10 5G. — On Thursday, the largest wireless carrier …
Facebook had 2.38B MAUs in Q1, up 2.5% QoQ, as DAUs hit 1.56B, up 2.63% QoQ; EPS is $0.85 instead of $1.89 after setting aside money for potential FTC fine
Josh Constine / TechCrunch :
Microsoft briefly passed a market cap of $1T, the third US company to do so after Apple and Amazon
Strong earnings push Microsoft toward a new milestone — Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone after a jump …
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock is up ~7%, adding ~$40B to its market cap
Facebook will set aside $3 billion to cover expenses associated with a fine from the Federal Trade Commission over its privacy practices. All good here, say investors.
Facebook says Facebook Stories now has 500M daily users across Facebook and Messenger and WhatsApp's Status has 500M daily users; Snapchat has 190M daily users
Josh Constine / TechCrunch :
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info
Canadian regulators on Thursday found that Facebook committed “serious” breaches of local laws over its mishandling of users' personal information …
Microsoft reports Q3 Productivity and Business Processes revenue of $10.2B, up 14% YoY; Azure revenue was up 73% YoY, and Surface revenue rose 21% YoY
Emil Protalinski / VentureBeat :
Sources: the NSA has recommended that the White House drop a once-secret US phone-surveillance program that collects info about Americans' phone calls and texts
The program, created after 9/11, has encountered compliance challenges and questions about its efficacy in recent years
Microsoft report: 41% of voice assistant users are concerned about trust, privacy, and passive listening; 52% worry their personal info or data is not secure
Forty-one percent of voice assistant users are concerned about trust, privacy and passive listening, according to a new report …
Walmart opens a working concept store called IRL in Levittown, New York with interactive displays and AI-enabled cameras to monitor stock levels
Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including A.I.-enabled cameras and interactive displays.
Massachusetts' top court rules that warrantless access by police to an individual's real-time cellphone location data violates that person's right to privacy
There's heartening news for our location privacy out of Massachusetts this week. The Supreme Judicial Court, the state's highest court …
Child stars on Instagram and YouTube aren't being protected by child labor laws, which were designed to prevent exploitation by parents and employers
‘Kidfluencers’ are earning millions on social media, but who owns that money? — They open boxes, play with toys, pull pranks and make slime. Tweets: @juliacarriew , @juliacarriew , @juliacarriew , @...
PayPal reports Q1 revenue of $4.13B, up 12% YoY, net income of $667M, up 31% YoY, and $161 billion in total payment volume, up 22% YoY
GAAP EPS of $.56, increasing 34%; non-GAAP EPS of $.78, increasing 37% $.08 EPS benefit related to PayPal's strategic investment in MercadoLibre 9.3 million net …
Online learning startup Coursera raises $103M Series E led by Seek Group, at a valuation of over $1B
Online education giant Coursera has raised $103 million in a series E round of fudning led by Seek Group, with participation from Future Fund and NEA. — Founded in 2012 …
Source: Apple has cut its spending on AWS to around $370M in 2018 from $775M in 2017, in its bid to become self-sufficient in cloud operations
Apple has cut its spending on Amazon Web Services dramatically over the past year, to around $370 million in 2018 from $775 million in 2017 …
Security experts say companies that dominate the US election tech market have failed to acknowledge and remedy vulnerabilities in systems used to hold elections
The last few years have been an awakening for Election Systems & Software. Before 2016, very few people were publicly pressing …
As AWS launches more services based on open source projects, some devs say AWS poses an existential threat by lifting others' work and renting access to it
Community leaders say AWS increasingly poses an existential threat — March 11, a Vice President at Amazon Web Services … Tweets: @mvzelenks , @vineetdevaiah , @mvzelenks , @acsifferlin , @mvzelenks ...
Facebook admits it often confuses advocacy and commentary on racism and white complicity in anti-blackness with attacks on a protected group
It was spirit week, and Carolyn Wysinger, a high school teacher in Richmond, California, was cheerfully scrolling through Facebook on a break between classes. Facebook: Reyma McCoy McDeid . Tweets: @a...
Snapchat announces a new Bitmoji For Games SDK that will let select game developers integrate 3D Bitmoji as a replacement for their character skins
Josh Constine / TechCrunch :
PayPal says it had 277M total customer accounts at end of Q1, up 17% YoY, including 22M merchant accounts, and Venmo has surpassed 40M+ active user accounts
Kate Rooney / CNBC :
Slack previews new features rolling out in the coming weeks and months: responding to messages via email, new calendar integrations, universal search, and more
Tom Warren / The Verge :
Kuo: Apple will launch two new AirPods models in the Q4 2019 - Q1 2020 timeframe, one an iterative update, the other with a new design and higher price
Benjamin Mayo / 9to5Mac :
SoftBank subsidiary HAPSMobile is investing $125M in Alphabet's Loon as part of a strategic partnership to develop airborne tech for providing wireless internet
Paresh Dave / Reuters :
Hacker says he can access 27K user accounts of GPS tracking services iTrack and ProTrack, which had weak default passwords, and can kill some users' car engines
Lorenzo Franceschi-Bicchierai / Motherboard :
Sources: Slack plans to reveal by Friday its prospectus for a direct listing on the NYSE; it had already confidentially submitted its filing to regulators
Katie Roof / Wall Street Journal :
Google makes Fit, its activity tracker, available on iOS as a standalone app with full Health integration
Abner Li / 9to5Google :
Documents shed light on “black hat” services that offer to help Amazon sellers increase their search rank, sometimes for as much as $10,000 per month, and more
Leticia Miranda / BuzzFeed News :
Ad-blocking browser Brave rolls out optional Brave Ads to desktop users, with users who opt in receiving 70% of the gross ad revenue in Basic Attention Tokens
Emil Protalinski / VentureBeat :
Hover, which uses smartphone photos of buildings to generate 3D-visualizations, raises $25M Series C led by Menlo Ventures, bringing its total raised to $87M
Alex Knapp / Forbes :
Mozilla's 2019 Internet Health Report examines machine learning bias, ways to rethink the digital ad economy, rise of smart cities, and more
our third annual examination of the internet, its impact on society, and how it influences our everyday lives. http://blog.mozilla.org/... Creative Commons / @creativecommons : Congratulations to our ...
Critics question the willingness of the Irish Data Protection Commission, EU's lead GDPR enforcer, to crack down on tech firms that dominate Ireland's economy
http://www.politico.eu/... David Carroll / @profcarroll : As folks gawk-or-not at Facebook's reserve budget for its looming FTC fine for Cambridge Analytica, it's worth noting that Facebook's GPDR reg...
Source: Bond Capital, Mary Meeker's new growth equity VC firm that spun out from Kleiner Perkins, has secured $1.25B+ for its debut fund
Dan Primack / Axios :
Report: Amazon is testing a program to help fight utility patent infringements by matching a seller and an accused merchant with a third-party lawyer for $4,000
Christine Fisher / Engadget : Source: The Information . Tweets: @priyasideas and @jeffjohnroberts Source: Priya Anand / The Information : Amazon Tests Program to Combat Patent Infringement Tweets: Pr...
MongoDB says it will acquire Realm, an open source database platform for mobile apps, for $39M; Realm had raised $40M
Ron Miller / TechCrunch :
Microsoft has managed to dodge the Big Tech backlash, with its reputation improving since 2016 thanks to a methodical approach to thorny issues
Facebook's Business Is Succeeding Despite the Controversies Tweets: Aqua-Dee / @dee_marketing : They went through this 20 years ago. They should get backlash over Outlook still constantly crashing. Je...
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