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April 27, 2023, 7:45 AM
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| Cecilia D'Anastasio / Bloomberg: |
The UK CMA's objection to Microsoft's Activision deal focuses on the nascent cloud gaming market, a departure from regulators focusing on mature markets — UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition in cloud gaming …
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Tweets:
@boosteroid_main, @cmagovuk, @cmagovuk, @fosspatents, @cmagovuk, @deeketweak, @hazzadorgamin, @zoidctf, @gameoverthirty, @deeketweak, @cecianasta, @cecianasta, @senninsage, @projektxbox10, @jezcorden, @senninsage, @jezcorden, @cmagovuk, @fosspatents, @peterovo5, @tomwarren, @mikeisaac, @wario64, and @s8mb
| BBC: |
Microsoft's Brad Smith says the CMA blocking the Activision deal was “probably the darkest day in our four decades” in the UK and will be “bad for Britain” — Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
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The Guardian, Windows Central, GamesIndustry.biz, Game Developer, Tech Monitor, Reuters, New York Times, Eurogamer.net, Wccftech, BBC, Pure Xbox, Axios, Tech Xplore, TweakTown, and Associated Press
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@stephentotilo, @gossithedog, @fosspatents, @hamilbug, @the_chrisshaw, and @tomwarren
| Meta: |
Meta reports Q1 revenue up 3% YoY to $28.6B, net income down 24% YoY to $5.7B, and family daily active people up 5% YoY to 3.02B for March 2023; META jumps 10%+ — “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
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| Jonathan Vanian / CNBC: |
Meta's Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022 — - Meta's Reality Labs unit had a $3.99 billion operating loss in the first quarter, after losing $13.72 billion last calendar year.
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| Victoria Song / The Verge: |
Amazon shuts down its health-focused Halo division, discontinues its Halo Band, Halo View, and Halo Rise devices, and plans to lay off portions of the team — Amazon has decided to shutter its health-focused Halo division, The Verge has learned. Amazon has stopped selling its three Halo products …
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About Amazon, Android Police, PCMag, Engadget, Ars Technica, TalkAndroid.com, Coinspeaker, Pocket-lint, International Business Times, CNBC, Digital Trends, The Information, Neowin, BigTechWire, Thurrott, MakeUseOf, iClarified, Cord Cutters News, SlashGear, BGR, MacRumors, Mashable, Android Authority, AppleInsider, SiliconANGLE, AFTVnews, Techaeris, GeekWire, TechRadar, Android Central, and Slashdot
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@vrvitaly, @carnage4life, and @willahmed
| Abner Li / 9to5Google: |
Google plans to add E2EE to Google Authenticator “down the line”, after researchers warned that its new feature to sync 2FA codes is not E2E encrypted — On Monday, Google Authenticator launched the ability to sync 2FA codes to your Google Account.
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Gizmodo, TechRadar, Neowin, MobileSyrup, Dark Reading, BleepingComputer, Android Central, Android Authority, NextPit, Cointelegraph, ITPro, gHacks Technology News, and mjtsai.com
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@mysk_co, @gcluley, @reclaimthenethq, @manan, @matthew_d_green, and @chrisblec
| Amanda Silberling / TechCrunch: |
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse — Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
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@ballmatthew, @boztank, @richlightshed, @mikeisaac, @mikeisaac, @slhamlet, @andrebeganski, and @lexnfx
| Darrell Etherington / TechCrunch: |
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024 — Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday …
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Insider, gHacks Technology News, MSPoweruser, Forbes, Jon Loomer Digital, and Bloomberg
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@supbagholder, @_seandavid, @swiftstories, @mikeisaac, @swiftstories, and @mikeisaac
| Chris Stokel-Walker / Wired: |
Legal experts say Twitter is breaching US laws prohibiting false advertising by implying that some celebrities paid for Blue when they haven't — The law says you can't falsely claim that celebrities are paying for Twitter Blue. — Twitter's verification system debacle has had more twists … | Reuters: |
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since 2009, revenue down 18% YoY to ~$47.6B, and a ~$3.4B loss for its chip division — Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported … | Paul Sawers / TechCrunch: |
Lookout agrees to sell its consumer mobile security business to F-Secure in a deal valued at around $223M, transitioning into a “pure-play enterprise company” — Lookout's long-running transition to becoming an enterprise security company is all but complete … | Bloomberg: |
Sources: Germany is in talks to limit the export of chemicals used to make advanced chips to China, seeking to join US and EU allies in closing ranks on China — Germany is in talks to limit the export of chemicals to China that are used to manufacture semiconductors as Berlin steps up efforts …
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Tech Xplore
| Reuters: |
A California judge tentatively rules Elon Musk must testify about his Autopilot statements, after Musk's lawyers argued he is a subject of many deepfake videos — A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding …
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The Verge, Bloomberg, Electrek, TechCrunch, The Guardian, and Brad Ideas
Tweets:
@stonksycollins, @sscalpings, @lopezlinette, @commuternyc, @passthebeano, and @reuterslegal
| Reuters: |
Stock exchange operator Deutsche Boerse offers to buy Danish investment management software company SimCorp for €3.9B in cash; SimCorp had €561M in 2022 revenue — Stock exchange operator Deutsche Boerse (DB1Gn.DE) on Thursday announced a 3.9 billion euro ($4.31 billion) …
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Bloomberg and Tech Monitor
| Tom Warren / The Verge: |
Some users say Microsoft Edge sends URLs of visited pages to the Bing API website; a developer says Edge's creator follow option, on by default, may be to blame — Microsoft's Edge browser appears to be sending URLs you visit to its Bing API website. … Microsoft tells The Verge it's investigating the reports.
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Laptop Mag, The Register, WinBuzzer, Ars Technica, Pureinfotech, Android Authority, Tech Startups, and MobileSyrup
| Brian Fung / CNN: |
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teens' accounts — A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies … | Jeffrey Knockel / The Citizen Lab: |
An analysis of Baidu, Bilibili, Bing, Douyin, Weibo, and other Chinese search platforms finds 60K censorship rules, implemented differently by each service — This report has an accompanying FAQ. — Key findings — Across eight China-accessible search platforms analyzed — Baidu …
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International Business Times, New York Times, and The Citizen Lab
Tweets:
@ewpaisley, @rondeibert, @senatorshoshana, @sarahemclaugh, and @citizenlab
| Bloomberg: |
A profile of ASML, the most valuable tech company in Europe, as the US-China chip war escalates; ASML's next apartment-sized machine ships in 2025 for $380M+ — In 1984, Martin van den Brink, a young Dutch engineer, joined a newly created venture in a quiet corner of the Netherlands.
Tweets:
@thestalwart, @cagankoc, @tw_seal, and @deutschjill
| Sara Merken / Reuters: |
Harvey, which builds generative AI tools for law firms, raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund and others — With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey …
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Sequoia Capital, LawSites, and Harvey
| Todd Spangler / Variety: |
Roku reports Q1 revenue up 1% YoY to $741M, platform revenue down 1% YoY to $635M, streaming hours up 20% YoY to 25.1B, and active accounts up 17% YoY to 71.6M — Users streamed a record high of 3.9 hours per active account per day during the quarter, company says| Emily Nicolle / Bloomberg: |
London-based Standard Chartered subsidiary Zodia, which provides custody services for crypto assets, raised a $36M Series A led by Japan's SBI Holdings — Standard Chartered's spin-off crypto custodial unit Zodia Custody Ltd. closed $36 million in new funding as part of a round led by Japan's SBI Holdings …
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CoinDesk, The Block, CoinJournal, Bitcoinist.com, and Watcher Guru
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