Techmeme
April 26, 2022, 7:01 PM

Top News

Alphabet - Investor Relations:
Alphabet reports Q1 revenue of $68.01B, up 23% YoY, net income of $16.44B, down from $17.93B YoY; traffic acquisition costs up 23%; stock drops 4%+ after hours  —  MOUNTAIN VIEW, Calif. - April 26, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2022.
Robert Hof / SiliconANGLE:
Google Cloud hit $5.82B in Q1 sales, up from $4.05B YoY and above estimates of $5.75B, and an operating loss of $931M, down from $974M YoY  —  A slowdown in spending on advertising amid the Russian war on Ukraine and the continuing pandemic took a small toll on Google parent Alphabet Inc. today …
More: iTnews
Kif Leswing / CNBC:
Alphabet says that its board of directors authorized $70B in share repurchases, a major step up from 2021's $50B authorization and 2019's $25B authorization  —  - Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year's authorization …
Vlad Savov / Bloomberg:
Highlighting China's importance to Tesla, Jeff Bezos asks if Elon Musk's Twitter takeover gives the Chinese government “a bit of leverage over the town square”  —  Amazon.com Inc. founder Jeff Bezos posed a provocative question after Elon Musk clinched a $44 billion takeover of Twitter Inc. …
Mike Masnick / Techdirt:
Twitter has aggressively defended users' privacy and free speech rights, pushing back on unmasking subpoenas; it's unclear if this will continue under Musk  —  For all the talk of how Elon Musk wanted to buy Twitter to make it more supportive of free speech, there remain a ton of questions about what it will actually mean in practice.
@jack:
Javier Espinoza / Financial Times:
EU internal market commissioner Thierry Breton warns Elon Musk that Twitter must follow the new Digital Services Act rules or face fines or even a ban in Europe  —  EU commissioner Thierry Breton tells Tesla chief executive: ‘Elon, there are rules’  —  Brussels has warned Elon Musk …
Financial Times:
Sources detail how Elon Musk's Twitter bid succeeded: Morgan Stanley gathered support for $25.5B in loans, shareholders urged the board to accept, and more  —  Tesla boss convinced Wall Street sceptics to back his $44bn takeover offer  —  Just 12 days ago, some of the most experienced operators …
Casey Newton / Platformer:
Brad Stone / Bloomberg:
Ranjan Roy / Margins:
Bloomberg:
Sources: Twitter locked down product updates through Friday to limit unauthorized changes by miffed employees after accepting Elon Musk's $44B bid  —  Twitter Inc. locked down changes to its social networking platform through Friday after accepting a $44 billion bid from billionaire Elon Musk …
Microsoft - Investor Relations:
Microsoft reports Q3 revenue of $49.4B, up 18% YoY, net income of $16.7B, up 8% YoY, Office revenue up 12%, LinkedIn revenue up 34%, Windows OEM revenue up 11%  —  Earnings Release FY22 Q3 - REDMOND, Wash. — April 26, 2022 — Microsoft Corp. today announced the following results …
Anne Tergesen / Wall Street Journal:
Fidelity will let retirement savers allocate up to 20% of their 401(k) accounts to bitcoin later in 2022, the first major US retirement plan provider to do so  —  Investment giant's move could send cryptocurrency investing further into mainstream if employers decide to offer option
Sarah Perez / TechCrunch:
Google launches privacy “nutrition labels” for Play Store apps; developers have until July 20 to disclose security practices and the data their apps collect  —  Google Play is today officially launching its own version of privacy-related “nutrition labels” for apps.
Lorenzo Franceschi-Bicchierai / VICE:
A leaked document written by some Facebook ad team privacy engineers: Meta has an inadequate level of “control and explainability over how our systems use data”  —  “We do not have an adequate level of control and explainability over how our systems use data,” Facebook engineers say in leaked document.
Lauren Forristal / TechCrunch:
Sensor Tower: TikTok was the most downloaded app globally in Q1 2022, passing 3.5B all-time downloads, followed by Instagram, Facebook, WhatsApp, and Telegram  —  TikTok is one of the world's fastest-growing social media platforms.  Sensor Tower recently released its “Q1 2022 …
Nina Bambysheva / Forbes:
Decentralized exchange infrastructure provider 0x Labs raises a $70M Series B led by Greylock Partners with OpenSea, Coinbase, Pantera, and others participating  —  San Francisco-based decentralized exchange infrastructure provider 0x Labs has closed a $70 million Series B financing round led …

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