Techmeme
April 25, 2019, 12:55 PM

Top News

Facebook:
Facebook reports Q1 revenue of $15.08B, up 26% YoY, as advertising revenue hits $14.91B, up 26% YoY; sets aside $3B related to a forthcoming FTC settlement  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2019.
BuzzFeed News:
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock is up ~7%, adding ~$40B to its market cap  —  Facebook will set aside $3 billion to cover expenses associated with a fine from the Federal Trade Commission over its privacy practices.  All good here, say investors.
Josh Constine / TechCrunch:
Josh Constine / TechCrunch:
Tom Warren / The Verge:
Microsoft briefly passed a market cap of $1T, the third US company to do so after Apple and Amazon  —  Strong earnings push Microsoft toward a new milestone  —  Microsoft has become the third US company to pass a market cap of $1 trillion.  The software giant passed the milestone after a jump …
Microsoft:
Microsoft reports Q3 revenue of $30.6B, up 14% YoY, as net income rose by 19% YoY to $8.8B; Intelligent Cloud revenue rose 22% YoY to $9.7B  —  REDMOND, Wash. — April 24, 2019 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year:
Eli Blumenthal / CNET:
Verizon begins preorders for Samsung Galaxy S10 5G starting at $1,300 and names 20 cities that will get 5G in 2019  —  Verizon's 5G rollout is spreading to more markets.  And with the expansion comes the launch of Samsung's Galaxy S10 5G.  —  On Thursday, the largest wireless carrier …
Tony Romm / Washington Post:
Canadian privacy regulator finds that Facebook committed serious breaches of local privacy laws due to its mishandling of users' personal info  —  Canadian regulators on Thursday found that Facebook committed “serious” breaches of local laws over its mishandling of users' personal information …
Bloomberg:
Nintendo misses analyst estimates of Switch sales with 17M units shipped in 2018 and 18M forecast for 2019, says no plans for new Switch at E3 this year  —  - Forecast for profit, Switch shipments below analyst estimates  — President Furukawa says new hardware won't be unveiled at E3
Andrew Leonard / OneZero:
As AWS launches more services based on open source projects, some devs say AWS poses an existential threat by lifting others' work and renting access to it  —  Community leaders say AWS increasingly poses an existential threat  —  March 11, a Vice President at Amazon Web Services …
Sarah Perez / TechCrunch:
Walmart opens a working concept store called IRL in Levittown, New York with interactive displays and AI-enabled cameras to monitor stock levels  —  Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including A.I.-enabled cameras and interactive displays.
Julia Carrie Wong / The Guardian:
Child stars on Instagram and YouTube aren't being protected by child labor laws, which were designed to prevent exploitation by parents and employers  —  ‘Kidfluencers’ are earning millions on social media, but who owns that money?  —  They open boxes, play with toys, pull pranks and make slime.
Sarah Perez / TechCrunch:
Microsoft report: 41% of voice assistant users are concerned about trust, privacy, and passive listening; 52% worry their personal info or data is not secure  —  Forty-one percent of voice assistant users are concerned about trust, privacy and passive listening, according to a new report …
Josh Constine / TechCrunch:
Snapchat announces a new Bitmoji For Games SDK that will let select game developers integrate 3D Bitmoji as a replacement for their character skins  —  Want your video game character to look just like you?  Soon you'll be able to scan an in-game code with Snapchat to play …
Greg Otto / CyberScoop:
Security experts say companies that dominate the US election tech market have failed to acknowledge and remedy vulnerabilities in systems used to hold elections  —  The last few years have been an awakening for Election Systems & Software.  Before 2016, very few people were publicly pressing …
Jessica Guynn / USA Today:
Facebook admits it often confuses advocacy and commentary on racism and white complicity in anti-blackness with attacks on a protected group  —  It was spirit week, and Carolyn Wysinger, a high school teacher in Richmond, California, was cheerfully scrolling through Facebook on a break between classes.
Nicholas Vinocur / Politico:
Critics question the willingness of the Irish Data Protection Commission, EU's lead GDPR enforcer, to crack down on tech firms that dominate Ireland's economy  —  The GDPR is the world's toughest standard for data privacy.  But nearly a year later, its chief enforcer has yet to take a single action …
Wall Street Journal:
Sources: the NSA has recommended that the White House drop a once-secret US phone-surveillance program that collects info about Americans' phone calls and texts  —  The program, created after 9/11, has encountered compliance challenges and questions about its efficacy in recent years

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