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April 25, 2019, 12:55 PM
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| Facebook: |
Facebook reports Q1 revenue of $15.08B, up 26% YoY, as advertising revenue hits $14.91B, up 26% YoY; sets aside $3B related to a forthcoming FTC settlement — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2019.
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| BuzzFeed News: |
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock is up ~7%, adding ~$40B to its market cap — Facebook will set aside $3 billion to cover expenses associated with a fine from the Federal Trade Commission over its privacy practices. All good here, say investors.| Josh Constine / TechCrunch: |
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Marketing Land, The Verge, iPhone in Canada Blog, and Axios
Tweets: @mims, @jonrussell, @lizperle, @jaffoneh, @joshconstine, and @joshconstine
| Josh Constine / TechCrunch: |
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Tweets: @farhip, @edzitron, @jenvalentino, and @joshconstine
| Tom Warren / The Verge: |
Microsoft briefly passed a market cap of $1T, the third US company to do so after Apple and Amazon — Strong earnings push Microsoft toward a new milestone — Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone after a jump …
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CNET, Philip Elmer‑DeWitt, Bloomberg, Wall Street Journal, CNBC, GeekWire, 9to5Mac, and SiliconANGLE
Tweets: @charliebilello, @carnage4life, @joemccann, and @joshelman
| Microsoft: |
Microsoft reports Q3 revenue of $30.6B, up 14% YoY, as net income rose by 19% YoY to $8.8B; Intelligent Cloud revenue rose 22% YoY to $9.7B — REDMOND, Wash. — April 24, 2019 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year:
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| Eli Blumenthal / CNET: |
Verizon begins preorders for Samsung Galaxy S10 5G starting at $1,300 and names 20 cities that will get 5G in 2019 — Verizon's 5G rollout is spreading to more markets. And with the expansion comes the launch of Samsung's Galaxy S10 5G. — On Thursday, the largest wireless carrier …
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Verizon Fios & Custom TV, Digital Trends, PCWorld, TechCrunch, 9to5Google, Android Police, VentureBeat, Telecompetitor, The Verge, and Android Authority. Thanks:@jasonhiner
| Tony Romm / Washington Post: |
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info — Canadian regulators on Thursday found that Facebook committed “serious” breaches of local laws over its mishandling of users' personal information …
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priv.gc.ca, TechCrunch, Bloomberg, Gizmodo, and The Verge
Tweets: @mgeist, @profcarroll, and @mgeist
| Bloomberg: |
Nintendo misses analyst estimates of Switch sales with 17M units shipped in 2018 and 18M forecast for 2019, says no plans for new Switch at E3 this year — - Forecast for profit, Switch shipments below analyst estimates — President Furukawa says new hardware won't be unveiled at E3
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Tweets: @gibbogame, @ynakamura56, and @next_china
| Andrew Leonard / OneZero: |
As AWS launches more services based on open source projects, some devs say AWS poses an existential threat by lifting others' work and renting access to it — Community leaders say AWS increasingly poses an existential threat — March 11, a Vice President at Amazon Web Services …
Tweets: @mvzelenks, @vineetdevaiah, @mvzelenks, @acsifferlin, @mvzelenks, @medium, and @sogrady
| The Information: |
Source: Apple has cut its spending on AWS to around $370M in 2018 from $775M in 2017, in its bid to become self-sufficient in cloud operations — Apple has cut its spending on Amazon Web Services dramatically over the past year, to around $370 million in 2018 from $775 million in 2017 …
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9to5Mac
| Sarah Perez / TechCrunch: |
Walmart opens a working concept store called IRL in Levittown, New York with interactive displays and AI-enabled cameras to monitor stock levels — Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including A.I.-enabled cameras and interactive displays.
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news.walmart.com
| Julia Carrie Wong / The Guardian: |
Child stars on Instagram and YouTube aren't being protected by child labor laws, which were designed to prevent exploitation by parents and employers — ‘Kidfluencers’ are earning millions on social media, but who owns that money? — They open boxes, play with toys, pull pranks and make slime.| Sarah Perez / TechCrunch: |
Microsoft report: 41% of voice assistant users are concerned about trust, privacy, and passive listening; 52% worry their personal info or data is not secure — Forty-one percent of voice assistant users are concerned about trust, privacy and passive listening, according to a new report …
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VentureBeat, Threatpost, Thurrott, Bing Ads, TechSpot, KnowTechie, Microsoft, Redmond Pie, OnMSFT.com, Digital Trends, South China Morning Post, SiliconANGLE, and Gizmodo. Tweets: @rmac18
| Josh Constine / TechCrunch: |
Snapchat announces a new Bitmoji For Games SDK that will let select game developers integrate 3D Bitmoji as a replacement for their character skins — Want your video game character to look just like you? Soon you'll be able to scan an in-game code with Snapchat to play …
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The Verge, 9to5Mac, Business Wire, and Gamasutra
Tweets: @turnernovak, @adamokane, @joshconstine, and @joshconstine
| Greg Otto / CyberScoop: |
Security experts say companies that dominate the US election tech market have failed to acknowledge and remedy vulnerabilities in systems used to hold elections — The last few years have been an awakening for Election Systems & Software. Before 2016, very few people were publicly pressing … | Jessica Guynn / USA Today: |
Facebook admits it often confuses advocacy and commentary on racism and white complicity in anti-blackness with attacks on a protected group — It was spirit week, and Carolyn Wysinger, a high school teacher in Richmond, California, was cheerfully scrolling through Facebook on a break between classes.
Facebook: Reyma McCoy McDeid. Tweets: @aclu, @rashadrobinson, @colorofchange, @rashadrobinson, and @jguynn
| Nicholas Vinocur / Politico: |
Critics question the willingness of the Irish Data Protection Commission, EU's lead GDPR enforcer, to crack down on tech firms that dominate Ireland's economy — The GDPR is the world's toughest standard for data privacy. But nearly a year later, its chief enforcer has yet to take a single action … | Wall Street Journal: |
Sources: the NSA has recommended that the White House drop a once-secret US phone-surveillance program that collects info about Americans' phone calls and texts — The program, created after 9/11, has encountered compliance challenges and questions about its efficacy in recent years
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Washington Post, BGR, 9to5Mac, Mashable, and Cult of Mac
Tweets: @byrontau, @dnvolz, @trevortimm, @jpmarthoz, @jessmarindavis, @ericgeller, @karlbode, @wsjpolitics, @johnhendel, and @zackwhittaker
| Jennifer Lynch / Electronic Frontier Foundation: |
Massachusetts' top court rules that warrantless access by police to an individual's real-time cellphone location data violates that person's right to privacy — There's heartening news for our location privacy out of Massachusetts this week. The Supreme Judicial Court, the state's highest court … | PayPal: |
PayPal reports Q1 revenue of $4.13B, up 12% YoY, net income of $667M, up 31% YoY, and $161 billion in total payment volume, up 22% YoY — GAAP EPS of $.56, increasing 34%; non-GAAP EPS of $.78, increasing 37% $.08 EPS benefit related to PayPal's strategic investment in MercadoLibre 9.3 million net …
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