Techmeme
April 28, 2021, 8:20 PM

Top News

Apple:
Apple reports record Q2 revenue of $89.6B, up 54% YoY, net income of $23.6B, up from $11.2B YoY, iPhone sales of $47.9B, up from $29B YoY  —  Revenue up 54 percent to new March quarter record  —  Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Investor Relations:
Facebook reports Q1 revenue of $26.2B, up from $17.7B YoY, MAUs of 2.85B, up 10% YoY, headcount of 60,654, up 26% YoY, avg. ad price up 30% YoY; stock rises ~5%  —  MENLO PARK, Calif., April 28, 2021 /PRNewswire/ — Facebook, Inc. (Nasdaq: FB) today reported nancial results for the quarter ended March 31, 2021.
Stephanie Condon / ZDNet:
Manish Singh / TechCrunch:
Facebook hid all posts with “#ResignModi” in India; now it says the posts with the hashtag have been restored and it is looking into what happened  —  Updated at 1.17am IST, Thursday: Facebook comms Andy Stone said the company has restored the posts and is “looking into what happened.”
Kurt Schlosser / GeekWire:
Amazon will invest $1B+ to increase wages for more than 500K of its warehouse workers by $.50 to $3 an hour, rolling out from mid-May to early June  —  Amazon announced Wednesday that it plans to invest more than $1 billion in wage increases for its operations workers, promising raises …
Josef Adalian / Vulture:
Netflix launches Play Something, an opt-in viewing mode that gives the service a more TV-like feel to fight viewers' decision fatigue  —  Ten years ago, Netflix got the idea that its app should work more like regular TV.  This was early on in its transition from DVD delivery to streaming on demand …
Monica Chin / The Verge:
Samsung announces two lightweight laptops with OLED screens: the Galaxy Book Pro, starting at $1K, and the Galaxy Book Pro 360, a convertible starting at $1.2K  —  Premium screens and premium features  —  Samsung has announced two new Galaxy Book devices: the Galaxy Book Pro …
Sam Bourgi / Cointelegraph:
MetaMask, an Ethereum wallet service and browser extension for decentralized applications, says it has hit 5M MAUs, after hitting 1M MAUs in October 2020  —  The wallet service and browser extension has seen its active monthly users grow five times since October 2020.  —  18515 Total views
Anne Steele / Wall Street Journal:
Spotify reports Q1 profit of €23M, up from €1M a year earlier, revenue of €2.15B, up 16% YoY, 356M MAUs, up 24% YoY, and 158M paid subscribers, up 21% YoY  —  Audiostreaming platform warns of uncertain growth as newer markets endure a surge in coronavirus cases
Abner Li / 9to5Google:
Mighty debuts a premium Chromium-based macOS browser, now invite-only, that “entirely streams” from cloud, can load “hundreds” of tabs without stalling a Mac  —  With the underlying concept popularized by Stadia and other game services, Mighty wants to stream an entire Chromium browser from the cloud.
Shen Lu / Protocol:
Profile of Chinese AI-driven aggregator News Break, which says it has 45M MAUs and is finding success in the US through a sharp focus on local news  —  It's the most downloaded news app in the world — and the content it carries is entirely local.  In the U.S., it drives more traffic than all but three apps.
Levi Sumagaysay / MarketWatch:
eBay reports Q1 revenue of $3.0B, up 42% YoY and profits of $641M, as GMV rose 29% to $27.5B, while active buyers increased 7% to 187M worldwide; stock down 5%+  —  EBay Inc.'s first-quarter results beat expectations on growth in its core categories, namely sneakers and luxury watches, the company said Wednesday.
More: Bloomberg and ZDNet
Nilay Patel / The Verge:
Interview with Senator Amy Klobuchar on her new book about antitrust, why she doesn't think reining in the App Store will harm the Apple ecosystem, and more  —  My guest today is Senator Amy Klobuchar, the Democrat from Minnesota who has taken up the role of antitrust enforcer in the Senate under the Biden administration.
Jennifer Elias / CNBC:
YouTube is on pace to book between $29B and $30B in revenue in 2021, equaling Netflix's expected revenue of $29.7B for the year  —  - YouTube is on pace to bring in annual revenue comparable to Netflix's.  — The Google-owned video platform is seeing a rise in more traditional television advertisers.
Chaim Gartenberg / The Verge:
The Consumer Technology Association says CES will return to Las Vegas as an in-person event in 2022, and will be held from January 5 to 8  —  The world's biggest tech conference is back  —  The Consumer Electronics Show (CES) is officially returning to an in-person format in Las Vegas in 2022 …

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