Tech Meme

Tiyashi Datta / Reuters: JD.com reports Q1 revenue up 1% YoY to ~$35B, beating analyst estimates, and a ~$903M net income, compared to a ~$555M net loss in Q1 2022  —  China’s e-commerce giant JD.com Inc (9618.HK), said on Thursday its chief executive Xu Lei will step down, with the company’s chief financial officer taking on the role. Lees verder op Tech Meme

Jagmeet Singh / TechCrunch: WhatsApp rolls out updates to tackle spam calls, particularly prevalent in India right now, using its AI and ML systems, hoping to reduce the rate by 50%+  —  WhatsApp has announced that it has introduced back-end updates to tackle spam calls, which are particularly prevalent in India right now. Lees verder op Tech Meme

Jamie Crawley / CoinDesk: Robinhood reports $38M in Q1 2023 crypto trading revenue, down 30% YoY and down 1% QoQ, and ~$11.5B worth of crypto in assets under custody, up 36% from Q4 2022  —  The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% versus the fourth quarter. Lees verder op Tech Meme

Vansh Agarwal / Reuters: Sonos stock falls 20%+ after reporting Q2 revenue down 24% YoY to $304.2M and forecasts annual revenue between $1.63B and $1.68B, down from $1.7B to $1.8B  —  Sonos Inc (SONO.O) was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries … Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: Revolut says CFO Mikko Salovaara plans to leave “for personal reasons”, two months after CEO James Radford left, as the company waits for a UK banking license  —  Exits of Mikko Salovaara and James Radford follow last year’s exodus of executives Lees verder op Tech Meme

Sean Hollister / The Verge: Review of the $700 Asus ROG Ally: fast performance and smooth variable refresh screen, but Windows is hard to use on a handheld and the UI has major glitches  —  A big step forward for Windows handhelds — but is Windows the way forward at all? … Windows handheld gaming PCs existed before the Deck … Lees verder op Tech Meme

Jack Schickler / CoinDesk: A judge rules that $300M in BlockFi’s wallets belong to clients, not the bankrupt lender’s estate; $375M in interest-bearing accounts belong to the estate  —  A further $375 million that users tried to transfer out of interest-bearing accounts after Nov. 10 still belongs to the estate, Bankruptcy Judge Michael Kaplan said Lees verder op Tech Meme

Arjun Kharpal / CNBC: JD.com says CEO Xu Lei plans to step down in June 2023 “due to personal reasons”, after taking the role in April 2022; CFO Sandy Ran Xu will take over as CEO  —  – JD.com shares rose in pre-market trade in the U.S. on Thursday after it said it swung to profit in the first quarter and announced a management shakeup. Lees verder op Tech Meme

Ryan Gallagher / Bloomberg: A look at Tel Aviv-based Rayzone, whose surveillance system Echo, sold to governments globally, harvests and repurposes ad data to track people via their phones  —  The innovation at the heart of the advertising technology industry is automated auctions to trade real-time data about mobile phone users … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Brisbane-based edtech startup Go1 acquires Berlin-based Blinkist, which offers 15-minute summaries of non-fiction books, and raised $30M from Insight Partners  —  After raising $100 million at a valuation of over $2 billion last year, the Australian ed-tech startup Go1 is making an acquisition … Lees verder op Tech Meme