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April 25, 2019, 7:45 AM
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| 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.
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| Josh Constine / TechCrunch: |
Facebook had 2.38B MAUs in Q1, up 2.5% QoQ, as DAUs hit 1.56B, up 2.63% QoQ; EPS is $0.85 instead of $1.89 after setting aside money for potential FTC fine — A massive penalty hangs over Facebook's head, but it otherwise had a very strong Q1 earnings report.
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New York Times, The Next Web, CNBC, Axios, Axios, Social Media Today, BGR, Bloomberg, Business Insider, Bloomberg, Bloomberg, The Wrap, and Gizmodo
Tweets: @farhip, @edzitron, @joshconstine, and @jenvalentino
| BuzzFeed News: |
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock was up ~7.5% after hours, 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: |
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iPhone in Canada Blog and The Verge
Tweets: @jaffoneh, @jonrussell, @lizperle, @joshconstine, and @joshconstine
| 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:
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Tweets: @microsoft, @fxshaw, @microsoft, @robinwauters, @bdsams, @cityindex, @fxshaw, @microsoft, @markhachman, @mdudas, @bdsams, @fxshaw, @microsoft, @bdsams, @tomwarren, @microsoft, @benbajarin, @patrickmoorhead, @aparanjape, @bdsams, @carnage4life, @bdsams, @jrichlive, @inafried, @microsoft, and @coolcsh
| Bloomberg: |
Sources: Amazon team auditing Alexa commands has access to user location data, making finding customer addresses easy; Amazon says access is tightly controlled — - Some members of Alexa Data Services see latitude and longitude — The team is charged with helping Alexa improve its performance
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SiliconANGLE, SlashGear, Mashable, Android Central, PYMNTS.com, Gizmodo, CNET, iDownloadBlog.com, Fast Company, The Verge, The Digital Reader, Engadget, The Hill, and Business Insider
Tweets: @rmac18, @mattmday, @bradstone, and @tsgiles
| 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.| 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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BGR and Mashable
Tweets: @byrontau, @jpmarthoz, @jessmarindavis, @trevortimm, @dnvolz, @johnhendel, @zackwhittaker, @wsjpolitics, @karlbode, and @ericgeller
| 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 the Samsung Galaxy S10 5G. — On Thursday, the largest wireless carrier … | 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.
Facebook: Reyma McCoy McDeid. Tweets: @jguynn, @aclu, @rashadrobinson, @colorofchange, and @rashadrobinson
| Tom Warren / The Verge: |
Slack previews new features rolling out in the coming weeks and months: responding to messages via email, new calendar integrations, universal search, and more — Most of the new features will be available later this year — Slack arrived more than five years ago with the bold attempt to try to kill email in the workplace.
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Slack, VentureBeat, VentureBeat, MSPoweruser, Fast Company, Memeburn, ZDNet, Mashable, Bloomberg, Engadget, and TechCrunch
Tweets: @peteskomoroch, @slackhq, @giano, @tomwarren, @slackhq, and @simplycomm
| Katie Roof / Wall Street Journal: |
Sources: Slack plans to reveal by Friday its prospectus for a direct listing on the NYSE; it had already confidentially submitted its filing to regulators — Paperwork will be for its direct listing debut on NYSE — Messaging platform Slack Technologies Inc. is taking the next step toward going public … | Christine Fisher / Engadget: |
Report: Amazon is testing a program to help fight utility patent infringements by matching a seller and an accused merchant with a third-party lawyer for $4,000 — Amazon has been battling counterfeit products and knock-off goods for years. It's tried charging merchants large fees … | 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 … | Jennifer Lynch / Electronic Frontier Foundation: |
Massachusetts' top court rules that warrantless access by police to an individual's real-time cellphone location data violates that person's right to privacy — There's heartening news for our location privacy out of Massachusetts this week. The Supreme Judicial Court, the state's highest court …
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BostonGlobe.com
| Paresh Dave / Reuters: |
SoftBank subsidiary HAPSMobile is investing $125M in Alphabet's Loon as part of a strategic partnership to develop airborne tech for providing wireless internet — SAN FRANCISCO (Reuters) - A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere …
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VentureBeat, SoftBank, Bloomberg, SoftBank, Nikkei, and TechCrunch
| PayPal: |
PayPal reports Q1 revenue of $4.13B, up 12% YoY, net income of $667M, up 31% YoY, and $161 billion in total payment volume, up 22% YoY — GAAP EPS of $.56, increasing 34%; non-GAAP EPS of $.78, increasing 37% $.08 EPS benefit related to PayPal's strategic investment in MercadoLibre 9.3 million net …
| Lorenzo Franceschi-Bicchierai / Motherboard: |
Hacker says he can access 27K user accounts of GPS tracking services iTrack and ProTrack, which had weak default passwords, and can kill some users' car engines — “I can absolutely make a big traffic problem all over the world,” the hacker said. — A hacker broke into thousands …
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The Daily Dot. Tweets: @josephfcox, @lorenzofb, @privacydigest, @jason_koebler, and @mattrosoff
| Emil Protalinski / VentureBeat: |
Ad-blocking browser Brave rolls out optional Brave Ads to desktop users, with users who opt in receiving 70% of the gross ad revenue in Basic Attention Tokens — Brave today rolled out Brave Ads, its digital advertising model, to desktop users in Canada, France, Germany, the U.K. …
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Brave Browser, Android Police, PaymentsSource, Wired, Adweek, Wired, Gizmodo, TechSpot, CryptoSlate, Cointelegraph, XDA Developers, TechCrunch, Trustnodes, and AdExchanger. Tweets: @brave
| Kim Hart / Axios: |
Microsoft has managed to dodge the Big Tech backlash, with its reputation improving since 2016 thanks to a methodical approach to thorny issues — The tech industry is feeling the pain of an unprecedented backlash over its business practices and broad impact on society …
Tweets: @dee_marketing, @joelandren, @jeffnolan, @khart, and @axios
| Mark Surman / The Mozilla Blog: |
Mozilla's 2019 Internet Health Report examines machine learning bias, ways to rethink the digital ad economy, rise of smart cities, and more — Our annual open-source report examines how humanity and the internet intersect. Here's what we found — Today, Mozilla is publishing …
Tweets: @mozilla, @creativecommons, and @privacyproject
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