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 10%+
Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that the Chinese company is considering selling a majority stake in TikTok US
The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok's U.S. business
Sources: ByteDance prefers to shut down TikTok US over selling the app if legal options fail, deeming TikTok's algorithms core to ByteDance's overall operations
TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts …
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%
Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31 …
Alphabet announces its first-ever dividend, $0.20 per share on June 17, and authorizes the repurchase of up to an extra $70B of its Class A and Class C shares
already issued dividend last quarter and ai investment still bundled into overall capex, (reality labs is another expense but broken out) my guess would be next quarter they do some more separation of...
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his company Global Tetrahedron; Lawson had long wanted to buy the satirical site
The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.
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
Tom Warren / The Verge :
Sources: China's muted response to TikTok bill reflects the view that TikTok is of less strategic value than Huawei; China prefers TikTok US closure to sale
Chinese officials have been relatively muted in defense of the app, while quietly signaling that they would prefer a ban to a sale
The NHTSA finds that Tesla's driver-assist features insufficiently keep drivers engaged in the task of driving, and links them to 100+ crashes and 10+ deaths
In March 2023, a North Carolina student was stepping off a school bus when he was struck by a Tesla Model Y traveling at …
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
Oh right, there wasn't one. Telecomms are fuming about the restoration of rules that prevent them from gouging their customers. Us. … Chuck Darwin / @cdarwin@c.im : FCC votes to restore net neutrali...
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
Jordan Novet / CNBC :
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure
Panel will advise Department of Homeland Security on deploying artificial intelligence safely within America's critical infrastructure
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
Offer comes less than two years after private equity group held talks about buying cyber security company
The NHTSA closes a 2021 investigation into Tesla's Autopilot and opens a new probe to evaluate whether a December 2023 Autopilot recall fix is effective enough
Sean O'Kane / TechCrunch :
Apple removes three AI image generation apps from the App Store after a 404 Media probe found the apps advertised being able to create nonconsensual nude images
Apple and Google appear more willing to take action against these apps than they were in the past.
YouTube's Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date
Todd Spangler / Variety :
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
nor should it—to regulate global, peer-to-peer computer networks. The SEC's aggressive overreach into commodities, software, and these novel technology platforms is unlawful. https://fortune.com/... B...
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 20%+
WATCH NOW — Snap stock soars following beat on revenue, earnings and daily active users — Snap reported first-quarter results …
The EU Commission says Shein will have to comply with DSA rules for content handling, starting August 2024, as the retailer has more than 45M users in the EU
BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August, the European Commission said Friday.
Sources: the US is urging Japan, South Korea, and the Netherlands to tighten export controls to China, including stopping engineers from servicing Chinese fabs
Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technology
Atlassian's co-CEO Scott Farquhar plans to step down on August 31, 2024, after 23 years at the company; he will remain a board member and a special advisor
Scott Farquhar / Work Life :
TechInsights teardown: Huawei's Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro's Kirin 9000s
Vlad Savov / Bloomberg :
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
Ingrid Lunden / TechCrunch :
New rules that allow UK law enforcement agencies to seize, destroy, or transfer crypto holdings used for crime before making an arrest take effect
Camomile Shumba / CoinDesk :
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
Chris Miller / Financial Times :
Threads expands Hidden Words to let users filter out words, phrases, and emoji; Threads is also testing a way to mute notifications and controls for quote posts
Ivan Mehta / TechCrunch :
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 10%+
The company reported a GAAP loss … Josh Lamb / Proactive : Intel sinks as guidance disappoints Tobias Mann / The Register : Intel excited by PC sales pop and GPU prospects, but investors aren't becaus...
A look at Abu Dhabi-based AI startup G42, as sources say US intelligence officials fixated on CEO Xiao Peng ahead of its China divestment and Microsoft deal
Abu Dhabi-based G42 found it could no longer play for both teams. — G42, a startup in Abu Dhabi, has made itself … X: @eliotwb . LinkedIn: Mark Bergen X: Eliot Brown / @eliotwb : Great read on the r...
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
Jennifer Maas / Variety :
Cloud data management startup Rubrik closes up 16% at $37 per share in its NYSE debut, after raising $752M at a $5.6B valuation
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
Toby Sterling / Reuters :
In a subpoena, Elon Musk asked Helen Toner to hand over documents about her departure from OpenAI's board and how OpenAI decides when a technology achieves AGI
Bloomberg :
Sublime, which monitors emails of companies and political campaigns to spot AI-generated phishing attacks, raised a $20M Series A, taking total funding to $30M
Nagomi Security, which has developed a proactive security and threat exposure management platform, emerges from stealth with a $23M Series A and a $7M seed
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