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Techmeme
April 27, 2018, 3:05 AM
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Top News

Amazon.com:
Amazon beats with Q1 revenue of $51B, up 43% YoY, net income of $1.6B, up from $724M YoY; stock up 7%+ after hours  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2018.  —  Operating cash flow increased 4% to $18.2 billion …
Jason Del Rey / Recode:
Amazon to raise the price of Prime from $99 to $119 in the US, the first increase in 4 years, going into effect for new subs on May 11 and existing subs in June  —  The increase is effective for new customers starting May 11.  —  Amazon is increasing the price of its Prime membership …
Rene Ritchie / iMore:
Apple to stop production of AirPort Express, Extreme, and Time Capsule Wi-Fi base stations, which were last updated in 2013, but will sell while stock lasts  —  AirPort Express, AirPort Extreme, and AirPort Time Capsule will continue to be sold while supplies last but then Apple is done with the router business... at least for now.
Microsoft Investor Relations:
Microsoft reports Q3 revenue of $26.8B, up 16% YoY, profit of $7.4B, up 35% YoY, says it spent $6.3B on dividends and share repurchases, up 37% YoY  —  REDMOND, Wash. — April 26, 2018 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2018 …
Fred Lambert / Electrek:
Intel hires Jim Keller, Tesla's key chip designer and head of Autopilot, as SVP for silicon engineering; he also worked on Zen at AMD, led Apple's chip efforts  —  Legendary chip architect Jim Keller has seen an increasingly important role at Tesla since he joined the company in 2015.
Tom Warren / The Verge:
iTunes now available from the Microsoft Store for Windows 10, nearly a year after Microsoft announced it would be coming to the store before the end of 2017  —  Apple is finally bringing its iTunes app to Microsoft's Windows 10 app store today.  Microsoft first revealed nearly a year ago …
Ruhi Sarikaya / Amazon Developer Services:
Amazon details upcoming Alexa features: discovering skills via natural language, storing/retrieving arbitrary info, follow-up questions without “Alexa” prompt  —  Friction is any variable that impedes your progress toward a goal, whether it's purchasing a product or navigating traffic to make your 9 a.m. meeting on time.
Damian Collins / UK Parliament:
Disappointed with answers from Facebook's CTO at a parliamentary inquiry, MPs consider using summons power to force Zuckerberg to testify if he enters the UK  —  Following the questioning of Mike Schroepfer, Facebook's Chief Technology Officer, today at a public session of the Digital …
Arielle Pardes / Wired:
Pinterest aims to make discovery more inclusive with a new beta feature that lets people narrow beauty search results by skin tone range  —  WHEN CANDICE MORGAN joined Pinterest in 2016 as the company's first-ever head of diversity and inclusion, her goals initially centered on improving diversity within the company.
Casey Newton / The Verge:
Snap unveils next gen Spectacles with water resistance and improved transfer speed, available today from $150 with prescription and polarized lens options  —  They're slimmer, they take photos, and you can take them in the pool.  But will you?  —  Snap today released the next generation of Spectacles …

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From Mediagazer

Kelcee Griffis / Bloomberg:
The FCC approves Paramount's request for foreign ownership above 25% in its proposed WBD acquisition; foreign owners would hold 49.5% of its Class B shares

Mark Keierleber / Straight Arrow:
After major cuts, McClatchy announces new hires, including several execs, two reporters, and three editors for the company's AI-powered Content Innovation Lab

Ted Johnson / Deadline:
Filing: ABC says the FCC hasn't refuted “substantial evidence” of Trump administration retaliation in ordering an early review of eight ABC TV station licenses

More News

Bloomberg:
A look at YouTube's strategy moving forward from a painful year, as it tries to rein in abusive content while encouraging creators and reassuring advertisers

Earlier Picks

Sam Byford / The Verge:
Nintendo reports $1.62B operating profit, up 505% YoY, on strong Switch sales of ~15M units in the year ending March; Shuntaro Furukawa named president and CEO
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