Google Cloud turns profitable for the first time on record, with a $191M operating income on $7.45B revenue in Q1 2023, vs. a $706M loss on $5.82B in Q1 2022
There are a few debates currently brewing within … TechRadar : Google Cloud has finally made a profit for the first time Simon Sharwood / The Register : Google Cloud makes its firs...
Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY
MOUNTAIN VIEW, Calif. - April 25, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023.
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic”
More than 1600 employees will be impacted — 50% of Yahoo's ad tech unit being cut https://www.axios.com/... Matt Barash / @mjbarash : The buy side (DSP) play probably wasn't on a t...
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B
Installed base crosses 2 billion active devices and hits all-time high for all major product categories — Services set new all-time revenue record
Source: Twitter plans to change Twitter Blue's $8 per month price to $11 per month on iOS, likely due to Apple's 30% App Store cut, and $7 per month on the web
Twitter has informed some employees that it plans to change the pricing of its Twitter Blue subscription product to $7 if users pay …
Some YouTube users say the service is asking them to purchase a Premium subscription to watch videos in 4K, a feature that is currently free for all users
YouTube's Premium paid subscription includes benefits like ad-free viewing, video and song downloads for offline consumption, and background plays.
Twitch launches a category for “Pools, Hot Tubs, and Beaches” streams, letting creators continue to stream them while letting advertisers and viewers avoid them
Jack Dorsey's first tweet sold as an NFT for $2,915,835.47 on a service called Valuables; Dorsey says he sent all proceeds to GiveDirectly's Africa fund as BTC
The winning bidder for the Twitter CEO's first tweet was Sina Estavi — After it spent just over two weeks on the market …
Brazilian state of São Paulo fines Apple $2M for selling iPhones without a charger, allegedly misleading customers about the water resistance of iPhones, more
A look at Metalenz, which aims to replace multiple lens elements in smartphone cameras with a single lens system that utilizes optical metasurfaces technology
FTC's antitrust lawsuit against Facebook seeks to unwind Instagram and WhatsApp acquisitions, force Facebook to seek approval for future acquisitions, and more
The Verge :
FTC, in coalition with 46 state AGs, plus Guam and DC, sues Facebook, alleging Instagram and WhatsApp acquisitions were used to stifle competition
Agency challenges Facebook's multi-year course of unlawful conduct — The Federal Trade Commission today sued Facebook …
DOJ says it is suing for the forfeiture of $1B+ in bitcoin, seized on Tuesday, related to the Silk Road marketplace
Olga Kharif / Bloomberg :
Instagram marks its 10th anniversary by expanding in-app warnings when users post nasty comments and adds a private map of stories from the last three years
Instagram is officially 10 years old, and is marking the end of its first decade with new features meant to encourage users to be nice to one another.
Apple sues Epic Games for breach of contract and seeks damages, says Epic poses “as a modern corporate Robin Hood” but just wants App Store's benefits for free
- Apple on Tuesday filed counterclaims and responses in its legal battle with Fortnite creator Epic Games …
Microsoft discloses a new attack by Chimborazo, a group that is distributing a malicious Excel document on a site requiring CAPTCHA to evade automated detection
Dan Goodin / Ars Technica :
Cloudflare says it will drop Google's reCAPTCHA bot detection service, as Google plans to charge for its use, and replace it with Intuition Machines' hCAPTCHA
Cloudflare says its moving to hCaptcha, an alternative CAPTCHA service, more private than reCAPTCHA.
Apple says it is closing all of its stores outside China until March 27 due to the spread of COVID-19 and plans to pay its hourly workers during the closures
Apple today announced that it is closing all of its retail locations outside of Greater China until March 27 due to the continuing spread …
Samsung appoints Taemoon Roh to head its smartphone division, taking over from Koh Dong-Jin to run the world's largest mobile devices business
Sohee Kim / Bloomberg :
Samsung appoints Taemoon Roh to head its smartphone division, taking over from Koh Dong-Jin to run the world's largest mobile devices business
- Taemoon Roh will now steer the world's biggest mobile name — Samsung seeks to take the lead in 5G and foldables this year