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April 27, 2023, 6:00 PM
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memeorandum
WeSmirchTop News
| Amazon: |
Amazon reports Q1 revenue up 9% YoY to $127.4B, a $3.2B net income, vs. a $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, and staff down 10% YoY to 1.47M — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.| Annie Palmer / CNBC: |
Amazon reports Q1 ad revenue up 21% YoY to $9.5B, vs. $9.1B est., subscription revenue up 15% YoY to $9.7B, and North America segment sales up 11% YoY to $76.9B — - Amazon shares jumped in extended trading after the e-retailer reported first-quarter revenue that topped analysts' estimates.
More:
The Information, The Verge, The Hollywood Reporter, and Wall Street Journal. LinkedIn:
Martin Heubel
| BBC: |
Microsoft's Brad Smith says the UK CMA's move to block the Activision deal is “bad for Britain” and “is probably the darkest day in our four decades in Britain” — Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
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Bloomberg, GamesIndustry.biz, Associated Press, Reuters, Game Developer, Bloomberg, Vox, New York Times, OnMSFT.com, BBC, Bloomberg, PC Gamer, Eurogamer.net, GameSpot, Push Square, Windows Central, Appuals.com, Gameranx, Wccftech, TechPowerUp, TrueAchievements, BigTechWire, Light Reading, Video Games Chronicle, IGN, iPhone in Canada Blog, Neowin, The Verge, Pure Xbox, Dexerto, Slashdot, Wall Street Journal, TweakTown, Axios, Polygon, Los Angeles Times, and Barron's Online
| Cecilia D'Anastasio / Bloomberg: |
The UK CMA's block of Microsoft's Activision deal focuses on the nascent cloud gaming market, confusing analysts as regulators typically focus on mature markets — UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition …
More:
The Verge, Eurogamer.net, BBC, MediaNama, Bloomberg, Pure Xbox, Windows Central, Polygon, City A.M., Associated Press, Video Games Chronicle, Game Rant, Tech Xplore, BGR, Game Developer, Blue's News, and Competition and Markets Authority
Tweets:
@boosteroid_main, @senninsage, @senninsage, @cecianasta, @cmagovuk, @zoidctf, @projektxbox10, @jezcorden, @gameoverthirty, @hazzadorgamin, @deeketweak, @cecianasta, @charlesfitz, @deeketweak, @cmagovuk, @cmagovuk, @fosspatents, @jezcorden, @cmagovuk, @fosspatents, @mikeisaac, @peterovo5, @tomwarren, @wario64, and @s8mb
| Tom Warren / The Verge: |
Microsoft discontinues Microsoft-branded mice, keyboards, and webcams, to focus on its Surface brand for PC accessories; Microsoft's first mouse debuted in 1983 — Microsoft will no longer manufacture mice, keyboards, and webcams that are Microsoft-branded.
More:
XDA Developers, Thurrott, Nikkei Asia, MobileSyrup, SlashGear, Neowin, GameSpot, and MakeUseOf
Mastodon:
@shac@ioc.exchange, @shac@ioc.exchange, and @lightweight@mastodon.nzoss.nz
Tweets:
@stshank, @yevp, and @tomwarren
| Wayne Ma / The Information: |
Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri — Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type …
More:
9to5Mac, AppleInsider, MacRumors, Tom's Guide, Redmond Pie, iThinkDifferent, iMore, BGR, iPhone in Canada Blog, The Verge, and WRAL TechWire
Tweets:
@amir, @tomfgoodwin, @theinformation, @mvpeers, @waynema, @robleathern, @amir, @theo_wayt, @mhbergen, and @amir
| Sarah Perez / TechCrunch: |
Pinterest announces a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to Pinterest — Pinterest today announced a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.| Ingrid Lunden / TechCrunch: |
Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived” — Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs.
More:
Work in Progress, The Register, Computerworld, The Verge, San Francisco Business Journal, Reuters, CNBC, Neowin, Wall Street Journal, Fast Company, Data Center Knowledge, Gizchina, DatacenterDynamics, Forbes, Tech.co, iPhone in Canada Blog, and Tech Startups
LinkedIn:
Luigi La Corte. Tweets:
@drewhouston, @scalzi, @theankurtyagi, @ponchorebound, @gergelyorosz, @gergelyorosz, @tprstly, and @johnkoetsier
| Ellen Huet / Bloomberg: |
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022 — Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.
More:
Clubhouse Blog, The Information, The Verge, Gizmodo, Engadget, The Hollywood Reporter, and Axios
Tweets:
@pdavison, @pdavison, @danprimack, @carlquintanilla, and @joshconstine
| Jonathan Vanian / CNBC: |
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+ — - Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
More:
TechCrunch, The Information, Reuters, Bloomberg, New York Times, Snap Inc., Deadline, Variety, and The Hollywood Reporter
Tweets:
@levynews, @rihardjarc, @teroterotero, @saltadogato, @eric_seufert, @teroterotero, @eric_seufert, and @eric_seufert
| Russell Brandom / Rest of World: |
Since Elon Musk's takeover, Twitter has received 971 government orders globally and has fully complied with 808, an 83% compliance rate, vs. ~50% before Musk — The company has not refused a single request since Musk took ownership, according to self-reported data| IDC: |
Global smartphone shipments fell 14.6% YoY to 268.6M in Q1 2023, the seventh consecutive quarter of decline; Samsung fell 18.9%, Apple 2.3%, and Xiaomi 23.5% — NEEDHAM, Mass., April 27th, 2023 - Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 …
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Canalys, Counterpoint Research, 9to5Mac, Cult of Mac, iMore, Thurrott, SlashGear, Wccftech, AppleInsider, iClarified, PhoneArena, South China Morning Post, IDC, The Register, iPhone in Canada Blog, Patently Apple, Bloomberg, Counterpoint Research, and GSMArena.com
Tweets:
@patrickmcgee_ and @neiltwitz
| The Guardian: |
Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors' investigations — Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex
More:
PetaPixel. Tweets:
@hrrbfiresafety, @katiemcque, @missingchildeu, @anniekelly, @gdnlongread, @davidedgarwolf, @daithaigilbert, and @mlmcnamara
| Victoria Song / The Verge: |
Dyson Zone review: excellent noise cancelation, monitors air quality, and makes users look like Bane, but it's $949, heavy, and air filtering kills the battery — The Dyson Zone is not the most practical device, but then again, did you really expect that from air-purifying noise-canceling headphones?
More:
Variety, TechHive, Tech Advisor, Engadget, SlashGear, Gizmodo, and Pocket-lint
Tweets:
@markgurman, @vicmsong, and @hkanji
| Reuters: |
A California judge tentatively rules Elon Musk must testify about his Autopilot statements, after his lawyers argued he is the subject of many deepfake videos — A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding …
More:
The Verge, Ars Technica, The Register, Gizmodo, Mercury News, Engadget, The Guardian, SlashGear, Electrek, MobileSyrup, Mashable, Insider, and TechCrunch
Tweets:
@pkafka, @stonksycollins, @lopezlinette, @commuternyc, @lexnfx, @sscalpings, @passthebeano, and @reuterslegal
| Kif Leswing / CNBC: |
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest quarterly loss yet, and Data Center and AI down 39% YoY to $3.7B; INTC jumps 5%+ — - Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.
More:
Silicon Valley Business …, Thurrott, Intel, and Wall Street Journal
| Rohan Goswami / CNBC: |
SEC filing: Lyft confirms plans to lay off 1,072 staff, or ~26% of its corporate workforce, and not hire an additional 250, a week after CEO David Risher's memo — - Ride-sharing app Lyft confirmed it would lay off 1,072 employees, roughly 26% of its corporate workforce, and not hire for an additional 250 positions.
More:
PYMNTS.com, Livemint, TechCrunch, Engadget, The Verge, and Fast Company
| Benjamin Mayo / 9to5Mac: |
Apple reports European MAUs for its App Stores: iOS has 101M, iPadOS has 23M, macOS has 6M, tvOS has 1M, and watchOS, Books, and Podcasts have under 1M each — In order to comply with the European Digital Services Act, Apple has been forced to reveal the number of monthly active user … | CNBC: |
Coinbase offers a fiery response to the SEC's Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC's regulatory model — - Crypto exchange Coinbase told the SEC that any enforcement action against the exchange would “fail on the merits” …
More:
Reuters, Blockworks, Bloomberg, Decrypt, CoinDesk, CryptoSlate, Crowdfund Insider, CoinGape, Inside Bitcoins, The Daily Hodl, Coinpedia Fintech News, The Crypto Basic, Wired, Micky, and Blockonomi. Tweets:
@coinbase
| Chris Stokel-Walker / Wired: |
Legal experts say Twitter may be breaching US laws prohibiting false advertising or endorsement by implying that some celebrities paid for Blue when they didn't — The law says you can't falsely claim that celebrities are paying for Twitter Blue. — Twitter's verification system debacle …
More:
Mercury News, The Ringer, The Irish Times, New York Times, and Vox
Tweets:
@tonyocruz, @autismfather, @nusl, @moorehn, and @voxdotcom
| Jonathan Vanian / CNBC: |
Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on dramatic cost-cutting efforts — - Revenue at Facebook's parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.Sponsor Posts
Command Line:
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The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
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Zoho:
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce 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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The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
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Lenny's Podcast:
An 86-minute guide to finding PMF | Rob Snyder (Author, The Power of Pull)
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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The Upstarts Podcast:
The Parking Startup That Swallowed A 100-Year-Old Giant | Metropolis CEO Alex Israel
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