April 26, 2024, 10:30 AM

Top News

Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a panel to advise US DHS on deploying AI safely within America's critical infrastructure  —  Panel will advise Department of Homeland Security on deploying artificial intelligence safely within America's critical infrastructure
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%  —  Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31 …
Jordan Novet / CNBC:
Tom Warren / The Verge:
Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that it is considering scenarios for selling a majority stake in US TikTok  —  The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok's U.S. business
Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site  —  The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.
Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP jumps 20%+  —  WATCH NOW  —  Snap stock soars following beat on revenue, earnings and daily active users  —  Snap reported first-quarter results …
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product  —  By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.
Clothilde Goujard / Politico:
The EU Commission says Shein will have to comply with DSA rules for content handling, starting August 2024, as the retailer has more than 45M users in the EU  —  BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August, the European Commission said Friday.
Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 10%+  —  Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024.
Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia  —  More than halfway through its incentives spending, the US will have far greater scope to manage shocks
Financial Times:
Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B  —  Offer comes less than two years after private equity group held talks about buying cyber security company

Sponsor Posts

Introducing Tadpole: the tiny webcam for laptops  —  With a mirrorless Sony sensor, directional microphone, and tap-to-mute feature, the Tadpole works with both Mac and PC and is the perfect webcam to take with you everywhere.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Holding too much in one or two stocks?  —  Cache helps protect your hard-earned wealth.  Swap your stocks for a diversified fund without a giant tax bill.  Once for the ultra-wealthy, now available for you.
Introducing Zoho Apptics: The all-in-one application analytics solution  —  Today's hyper-connected world runs on the internet, where mobile apps dominate the majority of screen time.
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
The Logan Bartlett Show:
EP 108: Olivier Pomel (CEO, Datadog) Shares Every Lesson From Scaling to $40B
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Fri. 06/14 - Now Microsoft Delays Recall
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:30 AM ET, April 26, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Scott Farquhar / Work Life:

Earlier Picks

Ingrid Lunden / TechCrunch:
Ivan Mehta / TechCrunch:
Cecilia Kang / New York Times: