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April 27, 2023, 7:50 PM
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Top 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.
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 …
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 …
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.
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 …
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.
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.
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” …
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 …
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
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 …
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” …
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 revenue down 39% YoY to $3.7B  —  - Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:50 PM ET, April 27, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Trump names Danielle Thumann, an adviser to FCC Chairman Brendan Carr, to serve as an FCC commissioner; if confirmed, she'd bring the Republican majority to 3-1

Dade Hayes / Deadline:
Scripps' CEO says the company is adopting a streaming news model enabled by AI, including cutting 12% of staff, and praises the FCC's lift of the ownership cap

Ted Johnson / Deadline:
A federal judge has dismissed an antitrust challenge to Paramount's WBD acquisition brought by a group of consumers, but allows them to file a revised complaint

More News

Mickey Djuric / Canadian Press:
Canada's Online Streaming Act passes final hurdle in Parliament; it requires streamers to support Canadian content and gives the CRTC regulatory power over them
Aisha Malik / TechCrunch:
YouTube Music adds podcasts on Android, iOS, and the web, supporting listening offline, in the background, and casting for all US users, with or without Premium
Andrea Vittorio / Bloomberg Law:
Washington becomes the first US state to adopt sweeping safeguards for consumer health data, including location records that could reveal abortion clinic visits

Earlier Picks

Bloomberg:
Sources: Germany is in talks to limit exports of chemicals used to make advanced chips to China, seeking to work with the US and Europe to close ranks on China
Bloomberg:
A profile of ASML, Europe's most valuable tech company, as the US-China chip war escalates; ASML's next studio apartment-sized machine ships in 2025 for $380M+
Jeffrey Knockel / The Citizen Lab:
An analysis of Baidu, Bilibili, Bing, Douyin, Sogou, Weibo, and other search platforms in China finds 60K+ censorship rules, applied differently by each service
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
Reuters:
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since Q1 2009, revenue down 18% YoY to ~$47.6B, and a ~$3.4B loss for its chip division
Abner Li / 9to5Google:
Google plans to add E2EE to Google Authenticator “down the line”, after researchers warn that its new feature for syncing 2FA codes is not end-to-end encrypted
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