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April 28, 2017, 11:55 AM
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Top News

Ben Popper / The Verge:
Alphabet beats estimates with profits up 29% YoY on strong ad sales, stock rises by 3% after hours  —  Google, along with Facebook, now dominates online advertising  —  The Interactive Advertising Bureau released its annual report yesterday on the state of the digital ad market.
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
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 …
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.
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
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.
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.
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 said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017.
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
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.
Tom Krazit / GeekWire:
AWS reports 42% YoY jump in revenue to $3.66B, up from $2.57B a year ago, as growth slows slightly  —  The crown jewel of Amazon's business, Amazon Web Services, posted a 42 percent jump in revenue during the first fiscal quarter of 2017, as it continues to set the standard for cloud computing.
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

Matthew Belloni / @mattbelloni:
Sources: Stranger Things creators the Duffer brothers are leaving Netflix for Paramount; the deciding factor was Paramount's support for theatrical releases

Free Press:
A coalition of press freedom groups urges Homeland Security Secretary Kristi Noem to release Atlanta journalist Mario Guevara, detained by ICE for two months

Joe Flint / Wall Street Journal:
A profile of TKO Group President and COO Mark Shapiro, who orchestrated a $7.7B deal to bring UFC fights to Paramount and a $1.6B deal to take WWE to ESPN

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

Tom Regan / Engadget:
Nintendo says Genyo Takeda will step down as director in June after 46 years at the company
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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