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

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

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

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

The Guardian: Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors’ investigations  —  Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived”  —  Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs. Lees verder op Tech Meme