| Stephen Graves / Decrypt: |
Bluesky is seeing an influx of users, including @dril and AOC, with some referring to posting on the Jack Dorsey-backed social network as “skeeting” — Instead of “tweeting,” the influx of new Bluesky users has coined a new term for sharing their thoughts on the decentralized social media app.| Amazon: |
Amazon reports Q1 revenue up 9% YoY to $127.4B, a $3.2B net income, vs. a $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, and staff down 10% YoY to 1.47M — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.| Annie Palmer / CNBC: |
| Ellen Huet / Bloomberg: |
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022 — Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.| Jess Weatherbed / The Verge: |
Ex-Apple employee Dhirendra Prasad is sentenced to three years and must pay restitution for stealing $17M from Apple via kickbacks from parts suppliers, more — A former Apple employee has been sentenced to three years in prison and must pay back over $19 million in restitution … | Olga Kharif / Bloomberg: |
A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022 — A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin … | Bloomberg: |
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable” and that Twitter demanded $50K per month for API access — New York City's mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders … | Madhumita Murgia / Financial Times: |
A look at Google's DeepMind-Brain merger; sources say Demis Hassabis ceded DeepMind's cherished independence in return for greater power over the future of AI — Start-up founder Demis Hassabis trades independence for greater influence over the future of artificial intelligence| Aoyon Ashraf / CoinDesk: |
Robinhood introduces Connect, which allows users to fund their Web3 wallets without having to leave a decentralized app or be in their Robinhood Crypto accounts — The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months.| Ben Schoon / 9to5Google: |
Google TV rolls out its free built-in channels to all US users and adds offerings from Plex, Haystack News, and Tubi, for a total of 800+ free channels — After being announced earlier this month, Google TV is now widely rolling out its free, built-in streaming channels to all users alongside free channels from other providers.| Tom Warren / The Verge: |
Microsoft discontinues Microsoft-branded mice, keyboards, and webcams, to focus on its Surface brand for PC accessories; Microsoft's first mouse debuted in 1983 — Microsoft will no longer manufacture mice, keyboards, and webcams that are Microsoft-branded.| Sarah Perez / TechCrunch: |
Pinterest announces a multi-year strategic ad partnership with Amazon, its first ads partner, to bring more brands and relevant products to the social network — Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.| Jonathan Vanian / CNBC: |
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+ — - Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” … | Financial Times: |
A profile of Sarah Cardell, the UK CMA's Chief Executive, who played a key role in shaping the policy that led to Microsoft's Activision takeover being blocked — Former corporate lawyer has attracted the ire of the US group by blocking its $75bn acquisition of Activision| Cecilia D'Anastasio / Bloomberg: |
| Blake Brittain / Reuters: |
Filing: Triller agrees to pay Sony Music $4.5M+ to settle claims that Triller breached a contract covering its use of musicians' songs on the platform — TikTok rival Triller Inc has agreed to pay Sony Music Entertainment (6758.T) more than $4.5 million to resolve claims that Triller breached …
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| Steve Dent / Engadget: |
| Viola Zhou / Rest of World: |
| Mickey Djuric / Canadian Press: |
| Rohan Goswami / CNBC: |
| Kif Leswing / CNBC: |
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| Aisha Malik / TechCrunch: |
| Ingrid Lunden / TechCrunch: |
| Kwaku Gyasi / Bloomberg: |
| IDC: |