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April 28, 2017, 11:25 AM
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Top News

Ben Popper / The Verge:
Alphabet beats estimates with profits up 29% YoY on strong ad sales, stock rises by 3% after hours  —  Google, along with Facebook, now dominates online advertising  —  The Interactive Advertising Bureau released its annual report yesterday on the state of the digital ad market.
Alphabet Investor Relations:
Alphabet Q1 results: $24.75B revenue, up 22% YoY, and $5.42B net profit; Other Bets collected $244M in revenue but had an operating loss of $855M
Larry Dignan / ZDNet:
Microsoft productivity business unit had $8B in revenues, up 22% YoY; LinkedIn added $975M to unit's sales in a first full quarter since acquisition  —  But Azure revenue remains a mystery.  As usual Office and enterprise tools carry the quarter.  —  Microsoft said its commercial cloud revenue …
Mary Jo Foley / ZDNet:
Microsoft's Surface revenues lower than expected due to both lack of product refresh and competition from its OEM partners  —  Microsoft's Surface revenues came in lower than expected in the company's third fiscal 2017 quarter due to both lack of product refresh and competition from the company's PC-maker partners.
Microsoft:
Microsoft reports Q3 2017 revenue of $22.1B as its Intelligent Cloud business hits $6.8B, driven by 93% YoY growth of Azure; Surface revenue down 26% YoY
Jeff John Roberts / Fortune:
Google and Facebook were victims of a $100M phishing scam by a Lithuanian man arrested in March 2017; both companies say they have recouped the funds  —  When the Justice Department announced the arrest last month of a man who allegedly swindled more than $100 million from two U.S. tech giants, the news came wrapped in a mystery.
Bloomberg:
Apple's self-driving Lexus seen in Silicon Valley with 64-channel lidar, at least two radars and a series of cameras  —  Almost two weeks after Apple Inc. secured permission to test its autonomous-car technology in California, the first images of the vehicle have emerged from Silicon Valley roads.
Lulu Yilun Chen / Bloomberg:
Didi Chuxing raises $5.5B, in single largest round of funding on record, to expand beyond China; round makes it the world's most valuable startup after Uber  —  Didi said to raise money from SoftBank, Silver Lake and others  —  Didi is said to have become most valuable startup in Asia
Biz Carson / Business Insider:
Memo: Anthony Levandowski to stop work on lidar amid Waymo lawsuit, will remain with Uber, report to Eric Meyhofer who was named head of Uber's ATG  —  Anthony Levandowski, the head of Uber's self-driving group, is stepping aside in face of trade-theft accusations from his former employer, Waymo.
Tom Krazit / GeekWire:
AWS reports 42% YoY jump in revenue to $3.66B, up from $2.57B a year ago, as growth slows slightly  —  The crown jewel of Amazon's business, Amazon Web Services, posted a 42 percent jump in revenue during the first fiscal quarter of 2017, as it continues to set the standard for cloud computing.
More: ZDNet and TechEye
Amazon.com:
Amazon posts Q1 revenue of $35.71B, up 23% YoY, as operating income declines 6% YoY to $1B
Anya George Tharakan / Reuters:
Qualcomm lowers revenue and profit forecasts for the current quarter, as Apple decides to stop royalty payments  —  Qualcomm Inc said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017.

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From Mediagazer

Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more

Todd Spangler / Variety:
Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards

Andrew Beaujon / Washingtonian:
Interviews with over a dozen current and former WAMU staffers and contractors show management's contradictory, unclear messaging about its closure of DCist

More News

Jon Brodkin / Ars Technica:
FCC releases the full text of Ajit Pai's proposal to roll back Title II net neutrality rules ahead of May 18 vote, opens commenting system

Earlier Picks

Ron Amadeo / Ars Technica:
Google debuts Google Assistant SDK in preview, letting developers run Assistant on their own hardware
Joseph Menn / Reuters:
Facebook identifies efforts to falsely amplify content and sentiment using fake accounts, as seen in US election, improves detection using patterns of activity
Bloomberg:
Jimmy Iovine says Apple will introduce a new version of Apple Music that better showcases video alongside the next version of iOS
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