January 31, 2024, 4:20 AM

Top News

Alphabet reports Q4 revenue up 13% YoY to $86B, net income up 52% to $20.7B, Google Cloud revenue up 26% to $9.2B, and headcount down 4%+; GOOG drops 5%+  —  MOUNTAIN VIEW, Calif. - January 30, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2023.
Todd Spangler / Variety:
Todd Spangler / Variety:
Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement …
Nilay Patel / The Verge:
Apple Vision Pro review: marvelous display, great hand and eye tracking, and works seamlessly in the ecosystem, but pricey and video passthrough can be blurry  —  The Apple Vision Pro is the best consumer headset anyone's ever made — and that's the problem.
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Chance Miller / 9to5Mac:
Microsoft reports Q2 revenue up 18% YoY to $62B, net income up 33% YoY to $21.9B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 9% YoY  —  REDMOND, Wash. — January 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2023 …
Jordan Novet / CNBC:
Tom Warren / The Verge:
Sheila Chiang / CNBC:
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand  —  - Samsung on Wednesday reported a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month.
Sam Kessler / CoinDesk:
Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an “absolute cap” of a 12,000 headcount, which was 13,000 in Q3'23  —  The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.
Paige Smith / Bloomberg:
Employee letter: PayPal plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles  —  - CEO Alex Chriss has vowed to improve operating leverage  — Latest round of cuts will affect about 9% of the workforce  —  PayPal Holdings Inc. will reduce …
Arsheeya Bajwa / Reuters:
AMD reports Q4 revenue down 10% YoY to $6.2B, net income up 3,076% to $667M, Data Center revenue up 38% to $2.3B, Q1 revenue forecast below est.; AMD drops 5%+  —  Chipmaker Advanced Micro Devices (AMD.O) forecast first-quarter revenue below market estimates on Tuesday …
Financial Times:
Bernstein estimates PDD spent ~$3B on marketing Temu in the US in 2023; the Chinese group says Temu has 70M US MAUs, up from an estimated 13M in January 2023  —  High-spending marketing push by PDD Holdings-owned internet marketplace leads to doubts over growth strategy
Financial Times:
Bain: as of September 2023, autonomous vehicles in China had driven a cumulative total of 70M kilometers, on par with the US, despite Beijing's safety concerns  —  Experts believe carmakers and tech companies are closing gap with US rivals despite Beijing's safety concerns

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Nilay Patel / The Verge:
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Earlier Picks

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