Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5%
Revenue up 9 percent to new March quarter record — Services revenue reaches new all-time high
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs
As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused …
Apple Q2 revenue: $50.57B from iPhone, up 5.5% YoY, $10.44B from Mac, up 14.7% YoY, $7.65B from iPad, down 1.9% YoY, and $8.8B from other products, up 12.4% YoY
- Apple's revenue grew nearly 9% year over year during the quarter ended in March. — But shares fell nearly 4% …
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance
SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.
Snap CEO Evan Spiegel dismisses Meta's metaverse ambitions as “ambiguous and hypothetical” and says the word “metaverse” is never uttered in Snap's offices
Alex Hern / The Guardian :
Filings: Elon Musk sold roughly $8.4B worth of Tesla shares this week after agreeing to buy Twitter
- Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission.
Airbnb says its employees can work from home or the office moving forward and their compensation won't change if they move, unless it's to a different country
Airbnb is going all in on the “live anywhere, work anywhere” philosophy that much of the business world has been forced to adopt …
Apple reports Services revenue grew 17% YoY to $19.8B in Q2 2022 and 825M paying subscribers globally across all its services, up from 785M in Q1 2022
Sources: Elon Musk has lined up a new CEO for Twitter and told banks about ideas for monetizing tweets like charging a fee for quoting or embedding tweets
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive …
Right-wing users are celebrating Elon Musk buying Twitter not because of his “free speech” promises but because of the right-wing populist agenda it could serve
Conservatives on Twitter have greeted Elon Musk as a liberator. The mega-billionaire is in the process of purchasing …
Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs $8.17B est., and subscription services grew 11% to $8.4B
Annie Palmer / CNBC :
Snap announces Pixy, a $230 mini drone that can capture 2.7K videos and 12MP photos, syncs with Snapchat, and weighs 101g, available in the US and France
in this case, a flying camera company. https://t.co/32s6rU4HKl Nilay Patel / @reckless : Is this the greatest sequence in Verge video history y/n https://twitter.com/... @vjeranpavic : 👀 Snap is makin...
Report finds Amazon and third parties collect data from interactions with Alexa through Echo speakers and share it with as many as 41 advertising partners
Amazon and third parties use data from smart speakers to sell you stuff, says report — A report released last week contends …
Goldman Sachs has extended its lending service to offer cash loans using Bitcoin as collateral, signalling Wall Street is further embracing cryptocurrencies
Goldman Sachs Group Inc. offered its first ever lending facility backed by Bitcoin, in a significant step for a major U.S. bank …
Sources: China is preparing to end the regulatory crackdown over big tech and give the sector a bigger role to help boost the ailing economy
A symposium involving Chinese Big Tech has been scheduled after the Labour Day holiday to assure business leaders on the new direction …
Snap Pixy review: a cute drone with four flying modes, but the footage quality is not the best, the battery lasts only a few flights, and it can't handle wind
Joanna Stern / Wall Street Journal :
Strategy Analytics: global smartphone shipments fell 11% YoY in Q1; Samsung led the market with a 24% share, a five-year high, and Apple had an 18% share
According to new research from Strategy Analytics, global smartphone shipments fell -11% YoY to 314 million units in Q1 2022.
Robinhood reports Q1 revenue down 43% YoY to $299M, vs. $355.8M est., net loss of $392M, down from $1.4B YoY, 15.9M MAUs, down from 17.7M YoY
Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom …
Apple reports Q2 revenue in Greater China grew 3.5% YoY to $18.3B, revenue in Japan fell 0.2% to $7.7B, and revenue in the rest of Asia Pacific sank 6.7% to $7B
Yifan Yu / Nikkei Asia :
Sources: the FTC opened an inquiry into whether Elon Musk complied with its reporting requirement as he amassed his 9.1% Twitter stake between January and April
Snap launches Lens Cloud, a free collection of backend services to help Snap AR developers build dynamic, location-based multiuser augmented reality experiences
The following keynote excerpt was delivered by Evan Spiegel … Tweets: Rich Greenfield / @richlightshed : Snapchat's leadership in #AR (launching lens cloud studio) is so much more interesting than @me...
Insider Intelligence: while Amazon has 39% share of US e-commerce market, it grew by just 0.2% in 2021 and so far in 2022, the slowest rate in years
Sebastian Herrera / Wall Street Journal :
Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13%
Jordan Novet / CNBC :
China's lockdown outrage tests state propaganda limits in Shanghai, where internet-savvy residents overwhelmed censors' ability to keep up with critical posts
New York Times :
Sources: Palmer Luckey's AI-powered defense tech startup Anduril is raising a $500M-$1B Series E at a $7B valuation, up from $4.6B about a year ago
Anduril Industries, a startup that sells artificial intelligence-powered defense technology, is raising capital that could propel …
Snap partners with Live Nation to launch AR experiences built into concerts and festivals, starting with the Electric Daisy Carnival in Las Vegas in May
Snap is partnering with Live Nation to enhance the experience of going to concerts and festivals via its AR technology. See also Mediagazer
Sources: online used-car marketplace Carvana, which saw its shares drop ~30% in recent weeks, was forced to sell half of its bonds to Apollo Global for $1.6B
Online used-car retailer was spurned by lenders to fund deal — Carvana Co. 's financial troubles spilled over into debt markets … Tweets: @jodixu , @wampummining , @blue_chip1 , and @wsjcfo Tweets: ...
Robinhood reports Q1 2022 crypto revenue rose 13% QoQ to $54M, but down 39% from $88M in Q1 2021, missing analyst estimates of $56.1M amid market uncertainty
Yueqi Yang / Bloomberg :
India requires cyber incidents to be reported within six hours, VPN providers to register real names, wallet providers to keep KYC records for five years, more
Turtlemint, which helps financial advisors understand and distribute insurance to their customers, raises a $120M Series E at a $900M post-money valuation
Priyanka Iyer / Moneycontrol :
Donald Trump posted a message on Truth Social for the first time since it launched two months ago, saying “I'M BACK!”; messages are called “truths” on the app
Amazon launches Audio Streaming for Hearing Aids on second-gen Fire TV Cubes for Starkey hearing aids, the first US streaming media player to support ASHA
Lauren Forristal / TechCrunch :
A Microsoft support page shows the company is testing the Microsoft Edge Secure Network feature, a built-in VPN-like service for Edge, powered by Cloudflare
Roku reports Q1 revenue up 28% YoY to $734M, 1.4B streaming hours added to reach 20.9B, up 14% YoY, and 1.1M active accounts added to reach 61.3M, up 14% YoY
Todd Spangler / Variety :
Document: one-click checkout service Bolt's revenue has stalled and has been losing customers amid competition from PayPal and Shopify; Bolt is valued at $11B
> employees can owe a lot of money for nothing. Full article: https://www.theinformation.com/ ... https://twitter.com/... Eliot Brown / @eliotwb : Per this information story, Bolt had $28 M in revenue...
Analysis of 3,759 non-stablecoin tokens: ~80% of freshly minted cryptocurrencies are underwater, with average one-year returns close to zero relative to bitcoin
The market for new tokens looks surprisingly efficient … Tweets: Leigh Drogen / @ldrogen : The issue with the Jump paper is that it intentionally leaves out any filtering whatsoever on the universe it...
In a ruling against Meta, the EU's top court affirms that consumer protection agencies can file lawsuits against violations of GDPR laws protecting users' data
Google launches the Privacy Sandbox Developer Preview for Android 13 to add “safer” ad alternatives, offering an “early look” at the Topics API and SDK Runtime
China's VisionNav Robotics, which makes autonomous forklifts and other logistics robots, raises a ~$76M Series C extension led by Meituan and 5Y Capital
Rita Liao / TechCrunch :
DJI admits that AeroScope drone tracking signals aren't encrypted, after claiming otherwise for almost a month, letting anyone track its drones and their pilots
Sean Hollister / The Verge : Tweets: @d0tslash , @chr1sa , and @starfire2258 Tweets: @d0tslash : @TC_Johnson Long story short it means that @adamlisberg needs to provide an updated comment to @StarFi...
Netflix's quest to grow in Asia faces formidable challenges, including a crowded field of foreign and local services, preferences for local content, and more
Wall Street Journal : See also Mediagazer
Filings: Elon Musk sold roughly $4B worth of Tesla stock in two days after agreeing to buy Twitter, at prices between $870 and $1,000 per share
The Tesla chief executive reported selling more than 4.4 million shares on Tuesday and Wednesday — Elon Musk sold roughly $4 billion worth …More:CNBC,Finbold,BBC,TheStreet,TIME,City A.M.,Benzinga,Fi...
Fleet, which helps companies track and manage enterprise employee laptops and other devices, raises a $20M Series A led by CRV at a $100M post-money valuation
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.