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April 27, 2018, 9:25 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 …
Anita Balakrishnan / CNBC:
Square acquires website builder Weebly in $365M cash and stock deal, says it will give small business customers a way to easily build sites and online stores  —  - Square announced an agreement on Thursday to buy website-building company Weebly for $365 million.
Matthew Green / A Few Thoughts …:
Cryptographer's doubts about Ozzie's CLEAR key-escrow system: securing private keys at OEMs and disabling a phone once law enforcement accesses it are hard  —  Yesterday I happened upon a Wired piece by Steven Levy that covers Ray Ozzie's proposal for “CLEAR”.
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.
Canalys:
Canalys: Q1 2018 smartphone shipments in China see biggest decline ever, down 21%+ YoY; Huawei, Oppo, Vivo, and Xiaomi accounted for 73%+ of shipments  —  Palo Alto, Shanghai, Singapore and Reading (UK) - Thursday, 26 April 2018  —  Smartphone shipments in China suffered their biggest ever decline …
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 …
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 …

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From Mediagazer

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Alex Weprin / The Hollywood Reporter:
WBD's board says it will “carefully review and consider” Paramount's revised offer, which includes a full backstop personally guaranteed by Larry Ellison

More News

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
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

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
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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