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April 27, 2016, 6:10 PM
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Top News

Facebook:
Facebook Reports First Quarter 2016 Results and Announces Proposal for New Class of Stock  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended March 31, 2016.  —  “We had a great start to the year,” said Mark Zuckerberg, Facebook founder and CEO.
Deepa Seetharaman / Wall Street Journal:
Facebook reports Q1 revenue of $5.38B up 51% YoY; net income of $1.51B, up from $512M last year; 1.65B MAUs, adding 60M from Q4; stock up over 9%
Jeff Grubb / VentureBeat:
Oculus releases a Minecraft version for Gear VR headsets on the Oculus Store for $6.99  —  Minecraft enters virtual reality on Samsung's Gear VR headset  —  It's time to move beyond the smartphone screen and into the world of Minecraft.  —  Oculus VR, Facebook's virtual reality company …
Gmail Blog:
Google Calendar adds “Find a time” feature that suggests meeting times based on mutual availability; now on Android for Google Apps for Work or Edu users  —  Google Calendar for Android: Find a time for my meeting  —  Smartphones have made productivity portable.
Joseph Menn / Reuters:
Apple says it received its first FBI tip via Vulnerability Equities Process on April 14; vulnerability already fixed on iOS9 and El Capitan
Dean Takahashi / VentureBeat:
Nintendo FY16 misses forecast as profits plunge 60%, NX console to launch in March 2017  —  Nintendo earnings plunge 60 percent in fiscal year as it preps new hardware  —  That's an ugly bottom line.  —  Nintendo's earnings for the fiscal year ended March 31 fell 60.6 percent to 16.5 million yen …
Johana Bhuiyan / Re/code:
Arianna Huffington joins Uber's board of directors  —  Arianna Huffington, the co-founder and editor in chief of the Huffington Post (and an Uber investor already), has joined Uber's board of directors, company CEO Travis Kalanick announced today.  —  As a director, Huffington is in the company …
Paul Sawers / VentureBeat:
Judge finds Amazon liable for in-app charges racked up by kids  —  A federal court has ruled that Amazon is responsible for charges billed to parents by their kids through in-app purchases.  —  The Federal Trade Commission (FTC) first lodged the case against Amazon back in July 2014 …
Ingrid Lunden / TechCrunch:
Spotify buys photo aggregator CrowdAlbum to build more marketing tools for artists  —  Spotify has made another acquisition to build out the tools that it provides to artists who use Spotify's streaming platform to grow their listeners and overall business.  It has bought CrowdAlbum …
Emil Protalinski / VentureBeat:
IDC: 334.9M smartphones shipped worldwide in Q1, up just 0.2% YoY, marking the smallest YoY growth on record; Samsung extends lead over Apple  —  IDC: Smartphone shipments flat for the first time; Samsung widens lead over Apple in Q1 2016  —  Smartphone vendors shipped a total of 334.9 million smartphones worldwide last quarter.
Dustin Volz / Reuters:
Email Privacy Act unanimously passes House, would require warrant before asking companies to hand over emails, heads to Senate with strong bipartisan support  —  Email privacy bill unanimously passes U.S. House  —  The U.S. House of Representatives voted unanimously on Wednesday …
Ingrid Lunden / TechCrunch:
Yahoo reaches deal with activist Starboard adding 4 people to board, including Starboard CEO  —  As Yahoo continues to weigh up acquisition offers, the company has announced that it's reached a deal with activist investor Starboard, which had written one of its famous letters …
Alex Kantrowitz / BuzzFeed:
Source: Facebook is offering some content creators around $250K for 20 live video posts per month over a three-month period  —  As Social Shifts To Video, Content Creators Win Power And Dollars  —  Photo illustration by Alex Kantrowitz, BuzzFeed News / Thinkstock-Facebook

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This is a Techmeme archive page. It shows how the site appeared at 6:10 PM ET, April 27, 2016.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Alex Weprin / The Hollywood Reporter:
WBD's board says it will “carefully review and consider” Paramount's revised offer, which includes a full backstop personally guaranteed by Larry Ellison

More News

Reuters:
T-Mobile earns $479M, adds 2.2M customers, as revenue grows 10.6% YoY, to $8.6B in Q1
Wall Street Journal:
Sources: Comcast in talks to buy DreamWorks Animation for $3B+, would likely merge DreamWorks with Universal Pictures

Earlier Picks

Olivier Laurent / TIME:
Getty Images files EU antitrust complaint against Google for scraping pics from websites, displaying and allowing downloads of hi-res images
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