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April 28, 2017, 1:05 PM
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Top News

Alphabet Investor Relations:
Alphabet Q1 results: $24.75B revenue, up 22% YoY, and $5.42B net profit; Other Bets collected $244M in revenue but had an operating loss of $855M
Jeff John Roberts / Fortune:
Google and Facebook were victims of a $100M phishing scam by a Lithuanian man arrested in March 2017; both companies say they have recouped the funds  —  When the Justice Department announced the arrest last month of a man who allegedly swindled more than $100 million from two U.S. tech giants, the news came wrapped in a mystery.
Mary Jo Foley / ZDNet:
Microsoft's Surface revenues lower than expected due to both lack of product refresh and competition from its OEM partners  —  Microsoft's Surface revenues came in lower than expected in the company's third fiscal 2017 quarter due to both lack of product refresh and competition from the company's PC-maker partners.
Larry Dignan / ZDNet:
Microsoft productivity business unit had $8B in revenues, up 22% YoY; LinkedIn added $975M to unit's sales in a first full quarter since acquisition  —  But Azure revenue remains a mystery.  As usual Office and enterprise tools carry the quarter.  —  Microsoft said its commercial cloud revenue …
Microsoft:
Microsoft reports Q3 2017 revenue of $22.1B as its Intelligent Cloud business hits $6.8B, driven by 93% YoY growth of Azure; Surface revenue down 26% YoY
Anya George Tharakan / Reuters:
Qualcomm lowers revenue and profit forecasts for the current quarter as Apple withholds royalty payments until the legal dispute between companies is resolved  —  Qualcomm Inc slashed its current-quarter profit and revenue forecasts on Friday, amid an escalating legal battle between the chipmaker and Apple Inc.
Bloomberg:
Apple's self-driving Lexus seen in Silicon Valley with 64-channel lidar, at least two radars and a series of cameras  —  Almost two weeks after Apple Inc. secured permission to test its autonomous-car technology in California, the first images of the vehicle have emerged from Silicon Valley roads.
Lulu Yilun Chen / Bloomberg:
Didi Chuxing raises $5.5B to expand beyond China; the round is the largest ever for a tech company and makes Didi the world's most valuable startup after Uber  —  Didi said to raise money from SoftBank, Silver Lake and others  —  Didi is said to have become most valuable startup in Asia
Kate Conger / TechCrunch:
Uber now lets users delete accounts without contacting support, adds new privacy features for notifications, location sharing  —  Uber announced today that it will make it easier for users to delete their accounts and access their privacy settings.  Now, the company will let users delete …
Biz Carson / Business Insider:
Memo: Anthony Levandowski to stop work on lidar amid Waymo lawsuit, will remain with Uber, report to Eric Meyhofer who was named head of Uber's ATG  —  Anthony Levandowski, the head of Uber's self-driving group, is stepping aside in face of trade-theft accusations from his former employer, Waymo.
Amazon.com:
Amazon posts Q1 revenue of $35.71B, up 23% YoY, as operating income declines 6% YoY to $1B

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From Mediagazer

Bloomberg:
Jared Kushner's Affinity Partners is exiting from Paramount's takeover bid for WBD, citing changed investment dynamics since it joined the bid in October

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

Jake Kanter / Deadline:
The UK government begins its review of the BBC's charter, set to expire in 2027, as ministers consider licence fee reforms and allowing more commercial revenue

More News

Jon Brodkin / Ars Technica:
FCC releases the full text of Ajit Pai's proposal to roll back Title II net neutrality rules ahead of May 18 vote, opens commenting system

Earlier Picks

Josh Constine / TechCrunch:
Facebook expands Messenger Lite to 130+ more countries, including Vietnam, Nigeria, and Peru
Ron Amadeo / Ars Technica:
Google debuts Google Assistant SDK in preview, letting developers run Assistant on their own hardware
Joseph Menn / Reuters:
Facebook identifies efforts to falsely amplify content and sentiment using fake accounts, as seen in US election, improves detection using patterns of activity
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