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.
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 …
Bluesky is seeing an influx of users, including @dril and AOC, with some referring to posting on the Jack Dorsey-backed social network as “skeeting”
Instead of “tweeting,” the influx of new Bluesky users has coined a new term for sharing their thoughts on the decentralized social media app.
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
Annie Palmer / CNBC :
A profile of Sarah Cardell, the UK CMA's Chief Executive, who played a key role in shaping the policy that led to Microsoft's Activision takeover being blocked
Former corporate lawyer has attracted the ire of the US group by blocking its $75bn acquisition of Activision
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.
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 …
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.
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
but that's what tripped up the Activision deal Sean Carey / TrueAchievements : Microsoft inks another 10-year cloud gaming partnership despite CMA setback Sean Hollister / The Verge : Microsoft's Acti...
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” …
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.
Sony reports 6.3M PS5 sales in Q4 2022, up from 2M in Q4 2021, taking FY 2022 to 19.1M and 38.4M since launch, and $29B revenue for FY 2022, up from $19.9B YoY
Now that it's solved its supply shortages, Sony is seeing a lot of pent-up demand for PlayStation 5 consoles.
Canada's Online Streaming Act passes its final Senate vote; the law requires streaming services to support Canadian content and gives the CRTC regulatory power
as we will repeal this law. #Pierre4PM #SenCA https://twitter.com/... Anja Karadeglija / @anjakaradeglija : Now that #C11 has passed in the Senate @pablorodriguez says the Liberal government will “pro...
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.
Ex-Apple employee Dhirendra Prasad is sentenced to three years and must pay restitution for stealing $17M from Apple via kickbacks from parts suppliers, more
A former Apple employee has been sentenced to three years in prison and must pay back over $19 million in restitution …
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.
Pinterest Q1: revenue up 5% YoY to $603M, vs. $594M est., MAUs up 7% YoY to 463M, vs. 454.6M est., and Q2 growth forecast below estimates; PINS drops 14%+
Emily Bary / MarketWatch :
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
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 …
A look at Google's DeepMind-Brain merger; sources say Demis Hassabis ceded DeepMind's cherished independence in return for greater power over the future of AI
Start-up founder Demis Hassabis trades independence for greater influence over the future of artificial intelligence
YouTube Music adds podcasts on Android, iOS, and the web, supporting listening offline, in the background, and casting for all US users, with or without Premium
We started doing video for the Creator Science Podcast in order to reach a new audience AND give a longer life to the back catalogue of episodes. … Tweets: Parker Ortolani / @parkerortolani : Kinda we...
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
Microsoft and Intel's fortunes have now diverged. … Tweets: Stephen Shankland / @stshank : Another hard quarter for Intel, with a net loss of $2.8B on revenue of $11.7B, but not as deep as expected, a...
Washington becomes the first US state to adopt sweeping safeguards for consumer health data, including location records that could reveal abortion clinic visits
Andrea Vittorio / Bloomberg Law :
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%+
Rohan Goswami / CNBC :
Reddit begins testing Discord-like chat channels with 25 volunteer subreddits that have under 100K members and will give moderators control in managing chats
Ivan Mehta / 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”
Today, our cofounder and CEO Drew Houston shared the difficult news … Emma Roth / The Verge : Dropbox is laying off 500 people and pivoting to AI Rob Thubron / TechSpot : Dropbox blames AI and the eco...
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%
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
NYC-based Pinecone Systems, which offers vector data storage for LLMs, raised a $100M Series B led by a16z at a $750M valuation, up from $168M in February 2022
Today, we are super excited to be partnering with Pinecone team … Guido Appenzeller : Super excited to announce our investment in Pinecone. Vector DB's are becoming a a pivotal building block as the ...
Dyson Zone review: has excellent ANC, can monitor air quality, and makes users look like Bane, but it's $949, heavy, and air filtering kills the battery
and I actually love them Andrew Liszewski / Gizmodo : You Can Finally Buy Dyson's $949 Air Purifying Headphones Sarah Fielding / Engadget : Dyson's $949 air-purifying Zone headset is now available in ...
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
helping them fight back against the platform's unfair refund policies through legal action Great reporting by @violazhouyi: https://restofworld.org/... @restofworld : Merchants are fed up with the pol...
Solana's SOL is up about 125% since December 31, outperforming bitcoin's 78% rally, as the blockchain tries to move past its association with Sam Bankman-Fried
Sidhartha Shukla / Bloomberg :
Toronto-based Practice Better, which makes client management software for health and wellness professionals, raised $27M led by Five Elms Capital
Meagan Simpson / BetaKit :
iLearningEngines, which supplies companies with personalized training materials using AI tools, plans to go public via a SPAC merger at a $1.4B valuation
Echo Wang / Reuters :
A US federal appeals court upholds the dismissal of the state AGs' Meta lawsuit, ruling they waited too long to sue over its Instagram and WhatsApp acquisitions
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
Jonathan Vanian / CNBC :
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 European Commission proposes rules to govern patents for tech used in cars, phones, and more, such as letting the EU IP Office oversee fair patent royalties
Filing: a former employee alleges messaging startup IRL inflated its user count and retaliated against him and others for raising concerns; IRL has raised $200M
SEC filing: Lyft confirms plans to lay off 1,072 staff, or ~26% of its corporate workforce, and not hire an additional 250, a week after CEO David Risher's memo
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
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.