Annie Palmer / CNBC: Amazon reports Q1 ad revenue up 21% YoY to $9.5B, vs. $9.1B est., subscription revenue up 15% YoY to $9.7B, and North America segment 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

Emily Bary / MarketWatch: Pinterest Q1: revenue up 5% YoY to $603M, vs. $594M est., global MAUs up 7% YoY to 463M, vs. 454.6M est., and Q2 growth forecast below estimates; PINS down 8%+  —  Pinterest’s subscriber metrics top expectations in latest quarter  —  Pinterest Inc. topped earnings, revenue … 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

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

Sarah Perez / TechCrunch: Pinterest announces a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to Pinterest  —  Pinterest today announced a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform. Lees verder op Tech Meme