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Techmeme
April 25, 2024, 7:55 PM
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Top News

Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet  —  Commissioners voted along party lines to revive the rules that declare broadband as a utility-like service that could be regulated like phones and water.
Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 12%+ after hours  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares
The Information:
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to a non-tech company, and without the recommendation algorithm  —  ByteDance is internally exploring scenarios for selling a majority stake in TikTok's U.S. business, preferably to companies outside …
Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems  —  TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts …
Wall Street Journal:
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the Chinese company's overall value, or above $100B
Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours  —  Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced …
Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years  —  Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …
Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC falls 9%+ after hours  —  Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024.
Ingrid Lunden / TechCrunch:
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018  —  Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market.  On Thursday the company announced …
CNBC:
Cloud data management startup Rubrik closes up 16% at $37 per share in its NYSE debut, after raising $752M at a $5.6B valuation  —  Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company's IPO …
CoinDesk:
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product  —  By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.
Scott Farquhar / Work Life:
Atlassian's co-CEO Scott Farquhar plans to step down on August 31, 2024, after 23 years at the company; he will remain a board member and a special advisor  —  Sharing a note I sent to our Atlassian employees earlier today  —  It's with a full but heavy heart that I share with you all today …
Melissa Heikkilä / MIT Technology Review:
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI  —  I'm stressed and running late, because what do you wear for the rest of eternity?  —  This makes it sound like I'm dying, but it's the opposite.
Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, and emoji; Threads is also testing a way to mute notifications and controls for quote posts  —  Threads and Instagram head Adam Mosseri announced today that Threads is launching a new feature that lets users filter out words and phrases from their feeds and mentions.
Tom Warren / The Verge:
Sources: Microsoft is prioritizing security over new features to win back consumer trust, as it scrambles to respond to new attacks from Russia-linked hackers  —  The world's largest tech company has a security problem.  A series of high-profile security incidents have rocked Microsoft …
Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices without hanging up via its Android, iOS, and web apps  —  Let's say you start a call on your phone because you're not at your desk yet.  Once you get to a computer, opening the Meet page/preview for that call will soon offer a “Switch here” option.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:55 PM ET, April 25, 2024.

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

David Friend / Vanity Fair:
How 9/11 spawned the digital media era, as the attacks altered an already image-saturated media ecosystem

Joe Sonka / Louisville Public Media:
McClatchy enacts deep, nationwide layoffs, including at the Lexington Herald-Leader, Miami Herald, Kansas City Star, Charlotte Observer, and Idaho Statesman

New York Times:
California Gov. Gavin Newsom signs a bill that prohibits social media platforms from offering addictive features to users under 16, the first such law in the US

More News

Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site
Andy Chalk / PC Gamer:
Garry's Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo

Earlier Picks

Karissa Bell / Engadget:
On Meta's Q1 earnings call, Mark Zuckerberg said that Threads now has more than 150M MAUs, up from more than 130M in February 2024
Shubham Sharma / VentureBeat:
Snowflake launches Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, under an Apache 2.0 license
Cheng Ting-Fang / Nikkei Asia:
TSMC unveils A16, chip manufacturing tech featuring nanosheet transistors with “backside power rails” meant for producing its ultra-advanced 1.6nm chips by 2026
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in “money laundering and sanctions evasion”
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