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April 28, 2016, 3:05 AM
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Facebook:
Facebook Reports First Quarter 2016 Results and Announces Proposal for New Class of Stock  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended March 31, 2016.  —  “We had a great start to the year,” said Mark Zuckerberg, Facebook founder and CEO.
Matthew Lynley / TechCrunch:
Facebook announces it will add a new class of non-voting stock for the company that will help keep Zuckerberg in control  —  Facebook is adding a new class of stock that will help keep Zuckerberg in control  —  Facebook today, as part of its earnings release, said it would add a new class …
Deepa Seetharaman / Wall Street Journal:
Facebook reports Q1 revenue of $5.38B up 51% YoY; net income of $1.51B, up from $512M last year; 1.65B MAUs, adding 60M from Q4; stock up over 9%  —  Facebook Revenue Soars on Ad Growth  —  Social network also announces proposal to create new class of nonvoting stock
Jeff Grubb / VentureBeat:
Oculus releases a Minecraft version for Gear VR headsets on the Oculus Store for $6.99  —  Minecraft enters virtual reality on Samsung's Gear VR headset  —  It's time to move beyond the smartphone screen and into the world of Minecraft.  —  Microsoft has launched Minecraft: Gear VR Edition on the Oculus Store for $7.
Jon Brodkin / Ars Technica:
Comcast announces it will raise data cap from 300GB to 1TB on June 1; unlimited data customers will pay $50/month more  —  A Comcastic miracle: Data caps will go from 300GB to a terabyte  —  Going over the cap will be harder, but also more expensive.  —  Comcast today announced …
Dustin Volz / Reuters:
Email Privacy Act unanimously passes House, requiring a warrant before asking companies to hand over emails, heads to Senate with strong bipartisan support  —  Email privacy bill unanimously passes U.S. House  —  The U.S. House of Representatives voted unanimously on Wednesday …
Jungah Lee / Bloomberg:
Samsung reports Q1 net profit of $4.6B, reversing 40% dip in previous quarter, helped by early release of Galaxy S7  —  Samsung Profit Beats Estimates as Early S7 Smartphone Release Pays Off  —  Latest smartphone model fuels gains in net income, sales  —  Common, preferred share repurchase of 2.03 trillion won
Ingrid Lunden / TechCrunch:
Spotify buys photo aggregator CrowdAlbum to build more marketing tools for artists  —  Spotify has made another acquisition to build out the tools that it provides to artists who use Spotify's streaming platform to grow their listeners and overall business.  It has bought CrowdAlbum …
Stella Schieffer / Gmail Blog:
Google Calendar adds “Find a time” feature that suggests meeting times based on mutual availability; now on Android for Google Apps for Work or Edu users  —  Google Calendar for Android: Find a time for my meeting  —  Smartphones have made productivity portable.

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From Mediagazer

Alex Sherman / CNBC:
NBCU's deal with YouTube Premium signals a new phase in the streaming wars where platforms weigh deals with other companies to add content to their platforms

Harvard University Gazette:
Henry Chu, a longtime foreign correspondent and editor, is named curator of the Nieman Foundation for Journalism, after serving as deputy and interim curator

Tom Friend / Sports Business Journal:
DAZN gets exclusive streaming rights of Timberwolves local telecasts for the 2026-2027 season; sources: it's expected to close deals with four other NBA teams

More News

Chris Strohm / Bloomberg:
FBI confirms it won't send method used to hack San Bernadino iPhone to a government review that could have forced FBI to share info about the method with Apple
Emil Protalinski / VentureBeat:
IDC: 334.9M smartphones shipped worldwide in Q1, up just 0.2% YoY, marking the smallest YoY growth on record; Samsung extends lead over Apple
Johana Bhuiyan / Re/code:
Arianna Huffington joins Uber's board of directors
Paul Sawers / VentureBeat:
Judge finds Amazon liable for in-app charges racked up by kids

Earlier Picks

Dean Takahashi / VentureBeat:
Nintendo FY16 misses forecast as profits plunge 60%, NX console to launch in March 2017
Ingrid Lunden / TechCrunch:
Yahoo reaches deal with activist Starboard adding 4 people to board, including Starboard CEO
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