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Tech Meme

Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since 2009, and revenue down 18% YoY to ~$47.6B; its chip division reported ~$3.4B loss (Reuters) 27-04-2023

Reuters: Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since 2009, and revenue down 18% YoY to ~$47.6B; its chip division reported ~$3.4B loss  —  Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year … Lees verder op Tech Meme

Mina Lefevre, Meta's head of development and programming, to exit amid layoffs, as Meta shutters Facebook Watch Originals and ends its last show, Red Table Talk (Deadline) 27-04-2023

Deadline: Mina Lefevre, Meta’s head of development and programming, to exit amid layoffs, as Meta shutters Facebook Watch Originals and ends its last show, Red Table Talk  —  EXCLUSIVE: Mina Lefevre, who was Head of Development and Programming at Meta, is departing Facebook’s parent company. Lees verder op Tech Meme

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 (Sara Merken/Reuters) 27-04-2023

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 … Lees verder op Tech Meme

Google says it 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 (Abner Li/9to5Google) 27-04-2023

Abner Li / 9to5Google: Google says it 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. Lees verder op Tech Meme

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 (Darrell Etherington/TechCrunch) 27-04-2023

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 … Lees verder op Tech Meme

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 (Amanda Silberling/TechCrunch) 27-04-2023

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. Lees verder op Tech Meme

A Brazilian court orders a temporary ban on Telegram in the country after the company refused to share information about neo-Nazi groups with the federal police (Bloomberg) 26-04-2023

Bloomberg: A Brazilian court orders a temporary ban on Telegram in the country after the company refused to share information about neo-Nazi groups with the federal police  —  A federal court ordered a temporary ban on Telegram in Brazil after the messaging service refused to share information … Lees verder op Tech Meme

eBay reports Q1 revenue up 1% YoY to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and forecasts Q2 revenue guidance above estimates (Yuvraj Malik/Reuters) 26-04-2023

Yuvraj Malik / Reuters: eBay reports Q1 revenue up 1% YoY to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and forecasts Q2 revenue guidance above estimates  —  Ecommerce firm eBay Inc (EBAY.O) forecast second-quarter revenue above Wall Street estimates on Wednesday … Lees verder op Tech Meme

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 (Jonathan Vanian/CNBC) 26-04-2023

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. Lees verder op Tech Meme

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” (Paul Sawers/TechCrunch) 27-04-2023

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 … Lees verder op Tech Meme