Techmeme
April 27, 2016, 9:30 PM

Top News

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.
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.
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  —  IDC: Smartphone shipments flat for the first time; Samsung widens lead over Apple in Q1 2016  —  Smartphone vendors shipped a total of 334.9 million smartphones worldwide last quarter.
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, would require 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 …
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.
Dean Takahashi / VentureBeat:
Nintendo FY16 misses forecast as profits plunge 60%, NX console to launch in March 2017  —  Nintendo earnings plunge 60 percent in fiscal year as it preps new hardware  —  That's an ugly bottom line.  —  Nintendo's earnings for the fiscal year ended March 31 fell 60.6 percent to 16.5 million yen …
Johana Bhuiyan / Re/code:
Arianna Huffington joins Uber's board of directors  —  Arianna Huffington, the co-founder and editor in chief of the Huffington Post (and an Uber investor already), has joined Uber's board of directors, company CEO Travis Kalanick announced today.  —  As a director, Huffington is in the company …
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 …
Paul Sawers / VentureBeat:
Judge finds Amazon liable for in-app charges racked up by kids  —  A federal court has ruled that Amazon is responsible for charges billed to parents by their kids through in-app purchases.  —  The Federal Trade Commission (FTC) first lodged the case against Amazon back in July 2014 …
Ingrid Lunden / TechCrunch:
Yahoo reaches deal with activist Starboard adding 4 people to board, including Starboard CEO  —  As Yahoo continues to weigh up acquisition offers, the company has announced that it's reached a deal with activist investor Starboard, which had written one of its famous letters …

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