Techmeme
April 26, 2023, 10:20 PM

Top News

Competition and Markets Authority:
The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing competition and innovation concerns in the UK cloud gaming market; Microsoft plans to appeal  —  The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future …
More: Bloomberg, Activision Blizzard King, The Verge, BBC, GOV.UK, CNBC, Disconnect, Wall Street Journal, New York Times, Windows Central, Financial Times, Bloomberg, Ars Technica, MacRumors, The Guardian, Livemint, GameSpot, Eurogamer.net, Axios, New York Times, PC Gamer, Video Games Chronicle, GamesIndustry.biz, Variety, Financial Times, Stevivor, TechPowerUp, Game Rant, Wired, TechRadar, ZDNet, Gizmodo Australia, MobileSyrup, Reuters, TechSpot, HotHardware, Fortune, Digital Trends, TNW, Gizchina, PCWorld, TweakTown, WinBuzzer, Polygon, ExtremeTech, SiliconANGLE, Neowin, Techaeris, City A.M., WRAL TechWire, Wall Street Journal, Inside Bitcoins, The Hill, KitGuru, Appuals.com, UKTN, GeekWire, OnMSFT.com, Gameranx, Coinspeaker, The Information, SlashGear, Android Authority, 9to5Google, Gizmodo, GamingBolt, Forbes, PCMag, BGR, Computerworld, Club386, Silicon Republic, Tech Startups, The Register, Rock, Paper, Shotgun, Thurrott, VentureBeat, DatacenterDynamics, Pocket Gamer.biz, American Economic …, Watcher Guru, Los Angeles Times, gHacks Technology News, Insider, IGN, Push Square, CNN, The Guardian, Game Developer, Dot Esports, AppleInsider, iPhone in Canada Blog, Wccftech, Destructoid, Engadget, BigTechWire, Press Start, Kotaku Australia, Associated Press, MCV/DEVELOP, TrueAchievements, Deadline, Dow Jones Newswires, Pure Xbox, Neowin, and Gamereactor UK
Meta:
Meta reports Q1 revenue up 3% YoY to $28.6B, net income down 24% YoY to $5.7B, and family daily active people up 5% YoY to 3.02B for March 2023; META jumps 10%+  —  “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
Jonathan Vanian / CNBC:
Meta's Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022  —  - Meta's Reality Labs unit had a $3.99 billion operating loss in the first quarter, after losing $13.72 billion last calendar year.
Amanda Silberling / TechCrunch:
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse  —  Things are looking up for Meta.  The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
Darrell Etherington / TechCrunch:
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024  —  Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday …
Victoria Song / The Verge:
Amazon shuts down its health-focused Halo division, discontinues its Halo Band, Halo View, and Halo Rise devices, and plans to lay off portions of the team  —  Amazon has decided to shutter its health-focused Halo division, The Verge has learned.  Amazon has stopped selling its three Halo products …
Abner Li / 9to5Google:
Paul Sawers / TechCrunch:
Lookout agrees to sell its consumer mobile security business to F-Secure in a deal valued at around $223M, transitioning into a “pure-play enterprise company”  —  Lookout's long-running transition to becoming an enterprise security company is all but complete …
Brian Fung / CNN:
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teens' accounts  —  A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies …
Todd Spangler / Variety:
Roku reports Q1 revenue up 1% YoY to $741M, platform revenue down 1% YoY to $635M, streaming hours up 20% YoY to 25.1B, and active accounts up 17% YoY to 71.6M  —  Users streamed a record high of 3.9 hours per active account per day during the quarter, company says
Josh Eidelson / Bloomberg:
YouTube Music contractors from Cognizant vote to unionize with the Alphabet Workers Union; Alphabet is appealing a ruling that Google is their joint employer  —  The majority of a group of YouTube contract staff in Texas have voted to unionize in a labor victory that could force parent company Alphabet Inc …
Angus Loten / Wall Street Journal:
PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations  —  Multiyear investment in U.S. business includes accessing ChatGPT maker OpenAI's language model, training staff in AI capabilities
New York Times:
A look at the mounting US legal pressure on Binance: the DOJ's money laundering division leading a criminal investigation, CZ hiring Latham & Watkins, and more  —  The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.
Yueqi Yang / Bloomberg:
Allison Johnson / The Verge:
Lenovo announces the $699 Lenovo ThinkPhone by Motorola, with ThinkPad-compatible productivity features, available to enterprises now and unlocked on April 28  —  The Lenovo ThinkPhone by Motorola is available in the US starting today for $699, offering a suite of productivity features designed to work with ThinkPad laptops.

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Earlier Picks

Damilare Dosunmu / Rest of World:
Microsoft:
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Rachel Metz / Bloomberg: