Tech Meme

Jonathan Vanian / CNBC: Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on dramatic cost-cutting efforts  —  – Revenue at Facebook’s parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring. Lees verder op Tech Meme

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. Lees verder op Tech Meme

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. Lees verder op Tech Meme

CNBC: Coinbase offers a fiery response to the SEC’s Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC’s regulatory model  —  – Crypto exchange Coinbase told the SEC that any enforcement action against the exchange would “fail on the merits” … Lees verder op Tech Meme

Aisha Malik / TechCrunch: YouTube Music adds podcasts on Android, iOS, and the web, supporting listening offline, in the background, and casting for all US users, with or without Premium  —  YouTube Music is officially adding podcasts to its platform in the United States on Android, iOS and the web. Lees verder op Tech Meme

Andrea Vittorio / Bloomberg Law: Washington becomes the first US state to adopt sweeping safeguards for consumer health data, including location records that could reveal abortion clinic visits  —  Washington has adopted a first-of-its-kind state law with sweeping safeguards for consumer health data collected by companies … Lees verder op Tech Meme

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 20%+  —  – Snap came in light on revenue and ARPU in its Q1 2023 earnings report.  — The company said its “internal forecast” … Lees verder op Tech Meme

Kif Leswing / CNBC: Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest ever quarterly loss, and Data Center and AI revenue down 39% YoY to $3.7B  —  – Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share. Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon reports Q1 ad services sales up 21% YoY to $9.5B, vs. $9.1B est., subscription services sales up 15% YoY to $9.7B, N. America sales up 11% YoY to $76.9B  —  – Amazon shares jumped in extended trading after the e-retailer reported first-quarter revenue that topped analysts’ estimates. Lees verder op Tech Meme

Amazon: Amazon Q1: revenue up 9% YoY to $127.4B, net income of $3.2B, up from $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, staff down 10% to 1.5M; AMZN up 10%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023. Lees verder op Tech Meme