Techmeme: eBay Beats, Q1 Non-GAAP Earnings Up 11 Percent to $899M, Revenue Up 14 Percent To $4.3B (Leena Rao/TechCrunch)

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April 29, 2014, 11:25 PM

Top News

Alex Wilhelm / TechCrunch:

Twitter Beats In Q1 With $250M In Revenue And Picks Up 14M New Monthly Active Users — Twitter released its first quarter financial performance this afternoon, reporting revenue of $250 million in the period, and earnings per share of $0.00 on a non-GAAP basis.

Sam Ro / Business Insider:

Twitter stock drops over 10% to all-time low in after hours trading — Twitter Shares Tank To All-Time Lows — Traders and investors aren't too pleased with Twitter's Q1 financial results. — Despite reporting breakeven earnings and raising guidance, the stock is down by around 9.6%.

More: Gawker, Haywire, PandoDaily, Wall Street Journal, Forbes and TechCrunch

Tweets: @alex, @sacca and @mikeisaac

Mike Isaac / Re/code:

Twitter faces decelerating growth in active users and timeline views — Twitter Adds More Users, but Wall Street Wants More — Twitter is still growing — but hardly fast enough for Wall Street. — Twitter reported 255 million monthly active users as of the end of March …

More: Guardian. Tweets: @amir. See also Mediagazer

Emil Protalinski / The Next Web:

Twitter passes 255m monthly active users, 198m mobile users, and sees 80% of advertising revenue from mobile

More: TechCrunch, Computerworld, Business Insider, Fast Company, Bloomberg, Pocket-lint and MobileSyrup.com. Tweets: @twitterir

Re/code:

Exclusive: Microsoft Will Start Selling Xbox One in China in September — Microsoft will begin selling the Xbox One videogame console in China in September, sources familiar with the plans told Re/code. — An announcement is expected as early as Tuesday evening.

More: Business Insider, The Verge, VentureBeat, GeekWire, Gamasutra, Engadget, VG247, Windows Phone Central, Neowin, Bloomberg and WinBeta

Tom Wheeler / Official FCC Blog:

FCC Chairman Tom Wheeler defends net neutrality approach, seeks path to avoid years in court — Finding the Best Path Forward to Protect the Open Internet — I am a strong believer in the importance of an Open Internet. As President Obama has explained, “Preserving an Open Internet …

More: Slate, DSLreports, Guardian, SiliconBeat, The Register, DSLreports, Gotta Be Mobile, Gizmodo, Business Insider, TechCrunch, Engadget and Ars Technica

Tweets: @anarchival, @karlbode, @rafat and @techmss

See also Mediagazer

Josh Lowensohn / The Verge:

Samsung once again leans on Google's Android for help in closing argument — Samsung strikes back at Apple, saying it's really going after Android. — After being called a copycat and a coward by Apple earlier today, Samsung traded barbs of its own, saying flat out that it didn't copy …

More: CNET News. Tweets: @danieleran, @kfury and @josh

Josh Lowensohn / The Verge:

Apple blasts Samsung over originality, bravery in closing trial arguments

More: BGR, CNET News and iPhone in Canada Blog

Shara Tibken / CNET News:

Apple v. Samsung jury will mull 53 pages of instructions to prepare verdict

More: Mercury News, AppleInsider, Wall Street Journal and Ars Technica

Kara Swisher / Re/code:

RadiumOne's New CEO's Memo on Chahal Firing: “We Cannot Know for Certain What Gurbaksh Will Do” — Here's a memo that new RadiumOne CEO Bill Lonergan sent out late last night to the employees of the advertising tech company in the wake of the firing of Gurbaksh Chahal, its founder and CEO.

More: Washington Post, Valleywag, VatorNews, bizjournals and Business Insider

Darrell Etherington / TechCrunch:

Google plans Android “Silver” program to replace Nexus, pushes OEMs to make devices that closely adhere to Google specifications — Android Silver Program Reportedly Designed To Give Google More Control Over Its Mobile Destiny — Google does indeed have a so-called “Silver” …

More: The Information, The Verge, MobileSyrup.com, Android Police, Business Insider, AndroidOS.in, SlashGear, Android Beat, Phones Review, Pocketnow, The Next Web, iPhone Hacks, Phandroid, PandoDaily, Gotta Be Mobile, 9to5Google and App Advice

Casey Newton / The Verge:

‘Sign in with Google’ button could send Google+ to oblivion — The abrupt departure of Google+ creator Vic Gundotra from the beleaguered social network led to immediate speculation that its days as a competitor to Facebook and Twitter are numbered. Indeed, media reports have asserted …

More: Network World. Tweets: @dannysullivan

Frederic Lardinois / TechCrunch:

Firefox 29 Launches With Major Redesign, Firefox Account Integration — Mozilla is launching its most important release of Firefox in a very long time today. After almost two years of working on its Australis redesign, the company is now finally ready to bring it to its stable release channel.

Derek Khanna / InsideSources:

Outbox vs. USPS: How the Post Office Killed Digital Mail — Evan Baehr and Will Davis, were summoned to Washington for a meeting with the Postmaster General. Evan and Will wondered what it could be, “They must have seen the recent coverage in CNBC, maybe they'll help our company expand?”

Tweets: @hunterwalk

Natt Garun / The Next Web:

Acer teases Liquid Leap, a wearable smart band launching alongside the 5-inch Liquid Jade smartphone this summer — Acer announces Liquid Leap, its first wearable smart band — Acer today announced its latest product line which includes the Liquid Leap, a smart band that can track fitness activities and pair with smartphones.

More: SlashGear, PC World, Electronista, TechRadar.com, I4U News, WearablesArena, Ubergizmo, Computerworld and Phandroid

Zack Whittaker / ZDNet:

Acer bundles ‘build-your-own-cloud’ with new tablets, phones, wearables

More: Engadget, LAPTOP Magazine, CNET, Engadget, Computerworld, BetaNews, IntoMobile, Ars Technica, Gigaom, 9to5Google and Electronista

Leena Rao / TechCrunch:

eBay Beats, Q1 Non-GAAP Earnings Up 11 Percent to $899M, Revenue Up 14 Percent To $4.3B — eBay just reported first quarter earnings this afternoon, beating expectations. Non-GAAP earnings increased 11%, to $899 million or $0.70 per diluted share, over the prior year, driven by strong top line growth, says the company.

More: ZDNet, Investor Relations, Wall Street Journal, Business Insider, Wall Street Journal, internetretailer.com, Wall Street Journal, WebProNews and Reuters

Dom Esposito / 9to5Mac:

Apple's MacBook Air lineup updated with new Haswell processors, now starts at $899 — In line with our recent reporting, Apple has updated its Macbook Air lineup. The refresh features Intel's Haswell processor and is now $100 less than the previous model.

More: Apple, Computerworld, Geek Beat, CNET, I4U News, iPhone, Computerworld, Softpedia News, MacStories, MacDailyNews, PandoDaily, AppleInsider, Gotta Be Mobile and GeekWire

Susan Decker / Bloomberg:

Patent-Suit Winners Can Get Legal Fees, U.S. High Court Says — Companies that successfully fight off “unreasonable” patent lawsuits can get their legal fees paid, the U.S. Supreme Court ruled in a decision that may benefit Google Inc. (GOOG:US), Apple Inc. (AAPL:US) and other technology businesses.

More: Ars Technica, Electronic Frontier Foundation, Wall Street Journal, Reuters, Associated Press, Inc.com, JURIST, Courthouse News Service, The Verge, Forbes and Gigaom

Strategy Analytics:

Samsung & Apple Slip as Global Smartphone Shipments Reach 285 Million Units in Q1 2014 — According to the latest research from our Wireless Smartphone Strategies (WSS) research service, global smartphone shipments grew +33% annually to reach 285 million units in the first quarter of 2014.

More: AppleInsider, Telegraph, Wall Street Journal, iPhone in Canada Blog, iPhone Hacks, VentureBeat, PR Newswire, Reuters and Global Nerdy

Ben Woods / The Next Web:

MIT students raise $500,000 to give every undergraduate on campus $100 worth of Bitcoin — Two MIT students have successfully raised more than half a million dollars in order to give all 4,528 undergraduate students on campus $100 worth of the cryptocurrency to use as they see fit.

More: MIT Bitcoin Club, The Tech, Guardian, Inc.com, TechCrunch, PC World, ForexNews.com, CryptoCoinsNews, VentureBeat, Network World, Gigaom, Daily Dot and The Verge

Tweets: @c4ssdotorg and @kashhill

Brad Chacos / PC World:

Canonical's audacious Ubuntu for Android project isn't quite dead, but it is in limbo — The idea was audacious: Combine Android, the most popular mobile version of Linux, with Ubuntu, the leading Linux desktop operating system, on a single smartphone that swapped between the two depending on whether the device was docked.

More: The Droid Guy and Pocketnow. Thanks:@bradchacos

Sam Machkovech / Ars Technica:

Stung by data breach, Target speeds switch to chip-and-PIN card readers — New Mastercard-provided chip-and-PIN cards will debut at all Target stores by early 2015. That must be cold comfort for First M. Lastname, whose account has already been compromised in this image here.

More: Target Pressroom, New York Times, CNET News, Wired, The Register, Wall Street Journal, Businessweek and ZDNet

Mike Isaac / Re/code:

Social media analytics and management startup Sprinklr raises $40M Series D — Social Startup Sprinklr Raises $40 Million — Sprinklr, a social media analytics and management startup for enterprise companies, announced on Tuesday it raised a $40 million Series D round of venture financing.

More: TechCrunch and PE Hub Blog

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