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April 26, 2023, 5:20 PM
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memeorandum
WeSmirchTop 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 …
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LinkedIn:
Antony Adler. Tweets:
@bradsmi, @cmagovuk, @lulumeservey, @cmagovuk, @papscun, @deeketweak, @jamestitcomb, @tbraithwaite, @fosspatents, @cecianasta, @s8mb, @stephentotilo, @tomhfh, @cmagovuk, @andyplaytonic, @benedictevans, @cecianasta, @peterovo5, @videotechx, @tomwarren, @ryan_browne_, @jjvincent, @benthompson, @bdsams, @videotechx, @eric_seufert, @s8mb, @ethangach, @gossithedog, @nickstatt, @matthewstoller, @pgeuder, @cmagovuk, @zach_cer, @fosspatents, @fosspatents, @bdsams, @nicholashirst_, @shortsightedcap, @fosspatents, @wyp100, @skizzleaxe, @slbsn, @econliberties, @s8mb, @deeketweak, and @xcloudtimdog
| 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 is up 9%+ — “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
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Wall Street Journal, New York Times, Investor's Business Daily, Reuters, Bloomberg, Wall Street Journal, Axios, MarketWatch, Variety, Forbes, Investing.com Canada, AlphaStreet, and CNBC
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@tanayj, @jason_kint, @sarafischer, @lexnfx, @swiftstories, @mikeisaac, @swiftstories, @lexnfx, @eric_seufert, @eric_seufert, @jason_kint, @stockmarketnerd, @stockmarketnerd, @altcap, @scobleizer, @jduballreports, @mikeisaac, @divestech, @emmonspired, @lexnfx, @lexnfx, @gugo907, @epro, @lexnfx, @richlightshed, @rihardjarc, @thetranscript_, @stockmktnewz, @patrickmcgee_, @supbagholder, and @rihardjarc
| Jonathan Vanian / CNBC: |
Meta's Reality Labs division reports Q1 revenue of $339M, down from $695M YoY, and operating loss of $3.99B, up from a $2.96B loss YoY — - Meta's Reality Labs unit had a $TK billion operating loss in the first quarter, after losing $13.72 billion last calendar year.
Tweets:
@calebfranzen, @calebfranzen, @hkeskiva, @stockmktnewz, @ballmatthew, @xrandrew, @thekantoarbot, and @sixsigmacapital
| 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 …
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About Amazon, Engadget, SiliconANGLE, GeekWire, The Information, PCMag, Reuters, TechCrunch, TechRadar, Android Central, CNBC, and AFTVnews
| 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 …
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U.S. Senator Brian Schatz, Wired, The Verge, NBC News, U.S. Senator Brian Schatz …, Engadget, PetaPixel, HuffPost, Daily Mail, CNBC, NBC Connecticut, and Washington Post
Tweets:
@b_fung, @senatorshoshana, @garretthaake, and @arthurdelaneyhp
| 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.
More:
Decrypt, Bloomberg, PYMNTS.com, Coinspeaker, and CryptoSlate
Tweets:
@flitteronfraud, @molly0xfff, @smdiehl, @silvermanjacob, and @bitfinexed
| Yueqi Yang / Bloomberg: |
| Tom Warren / The Verge: |
Some users say Microsoft Edge sends URLs of visited pages to Bing API's site; a developer says Edge's creator follow option, on by default, may be the culprit — Microsoft's Edge browser appears to be sending URLs you visit to its Bing API website. … Microsoft tells The Verge it's investigating the reports.| 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
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PwC, VentureBeat, Unite.AI, SiliconANGLE, Forbes, and BigTechWire
Tweets:
@gdb, @angusdav, @stshank, and @jeremydaltonxr
| 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.| Theo Wayt / The Information: |
Sources: Andy Jassy picks 14-year Amazon veteran Eric Rimling as his technical adviser, a coveted two-year position; Jassy was Bezos' adviser in the early 2000s — Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the company's fulfillment operation, as his new technical adviser … | Yaling Jiang / Wired: |
Experts say that China's mostly government-led metaverse efforts are more about supporting the economy, health care, and industry than about consumer services — The government wants the metaverse to be less about having fun and shopping and more about health care and industry.| Damilare Dosunmu / Rest of World: |
A look at the crypto hype waning in Africa, as consumer trust fades, regulators push back, startups shutter, and Web3 workers reconsider their careers after FTX — Trust is fading, startups are shutting down, and Web3 workers are reconsidering their career choices. — • LAGOS, NIGERIA
More:
WeeTracker and The Overspill
| Nilay Patel / The Verge: |
Q&A with Lightspark CEO David Marcus on the current crypto winter, Lightning as a Layer 2 protocol, raising ~$175M, Libra, Nostr, Bitcoin, regulations, and more — Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup.| Yuvraj Malik / Reuters: |
eBay reports Q1 revenue up 1% to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and a Q2 revenue guidance above estimates — Ecommerce firm eBay Inc (EBAY.O) forecast second-quarter revenue above Wall Street estimates on Wednesday, on hopes that it would attract shoppers …
More:
Bloomberg, MarketWatch, and eBay Inc.
| Aisyah Llewellyn / Rest of World: |
TikTok Shop is thriving in Indonesia, TikTok's second-biggest market with an estimated 110M users; Data.ai: Shop Seller has had ~5.5M downloads in the country — TikTok Shop, the controversial app's ambitious next phase, has caught fire in Indonesia. “This is truly the year of TikTok,” says one seller.| Christine Hall / TechCrunch: |
Mexico-based Clara, which sells corporate spend management tools in Latin America, raised a $60M Series B+ led by GGV, after a $70M Series B in December 2021 — Clara, a Mexico-based spend management company, closed on $60 million in equity in a round led by GGV Capital.| New York Times: |
The US Commerce Department outlines plans to fund next-generation chips via its new National Semiconductor Technology Center; the CHIPS Act devoted $11B to R&D — The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.| 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 … | Madeline Ashby / Wired: |
How Andy Warhol Foundation v. Goldsmith, a fair use case before SCOTUS, could impact how copyright law is applied to what AI tools can do with human-made works — The US Supreme Court's upcoming decision could shift the interpretation of fair use law—and all the people, and tools, that turn to it for protection.
Tweets:
@immalgonquin, @touradjebrahimi, @marcusfernandez, @eff, @dcnorg, and @bruceqburke
| 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 saysSponsor Posts
Google:
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Shopify:
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Zoho:
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Bitrix24:
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Hard Fork:
OpenAI Calls a 'Code Red' + Which Model Should I Use? + The Hard Fork Review of Slop
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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Access:
Is Roblox making the internet better or worse? We asked the CEO
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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Decoder with Nilay Patel:
Anthropic's quest to study the negative effects of AI is under pressure
A show from the Verge about big ideas - and other problems.
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Lenny's Podcast:
Why LinkedIn is turning PMs into AI-powered "full stack builders" | Tomer Cohen (LinkedIn CPO)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Code red: our favorite tech rivalries
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