Paige Smith / Bloomberg:
PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, transaction margin dollars up 4% YoY to $3.5B, and expects 2024 profit to drop — PayPal reported a 14% increase in total payment volume to $403.9 billion in the first quarter, it said in a statement Tuesday …
In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 (Zeba Siddiqui/Reuters)
Zeba Siddiqui / Reuters:
In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 — Hackers broke into UnitedHealth’s (UNH.N) tech unit on Feb. 12 by exploiting a security vulnerability in software from private …
Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages (New York Times)
New York Times:
Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages — Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance …
Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M (Katie Roof/Bloomberg)
Katie Roof / Bloomberg:
Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M — – Sequoia and Coatue lead $175 million investment in Island — Cisco-backed startup doubles in valuation since last year
Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago (Brody Ford/Bloomberg)
Brody Ford / Bloomberg:
Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago — – Internal documents show California remains largest office hub — Chairman Larry Ellison said Oracle will move to Nashville
Lithuanian second hand marketplace Vinted reports 2023 revenue up 61% YoY to €596.3M and a €17.8M net profit, up from a €20.4M loss in 2022 (Zosia Wanat/Sifted)
Zosia Wanat / Sifted:
Lithuanian second hand marketplace Vinted reports 2023 revenue up 61% YoY to €596.3M and a €17.8M net profit, up from a €20.4M loss in 2022 — The company reported a net profit of €17.8m in 2023 — Vinted, the Lithuanian startup which has become one of Europe’s best …
EU Commission President Ursula von der Leyen says a TikTok ban is “not excluded” and “we know exactly the danger of TikTok” during a 2024 election debate (Pieter Haeck/Politico)
Pieter Haeck / Politico:
EU Commission President Ursula von der Leyen says a TikTok ban is “not excluded” and “we know exactly the danger of TikTok” during a 2024 election debate — The remark comes amid a streak of bad news for TikTok in Europe. — Commission President Ursula von der Leyen hinted …
The EU opens a DSA investigation into Facebook and Instagram over deceptive ad and political content; sources say the move relates to a pro-Kremlin campaign (Bloomberg)
Bloomberg:
The EU opens a DSA investigation into Facebook and Instagram over deceptive ad and political content; sources say the move relates to a pro-Kremlin campaign — – Probe said to target pro-Putin Doppelganger campaign — Meta probe is under the EU’s tough new Digital Services Act
Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales (Bloomberg)
Bloomberg:
Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales — – Its smartphone shipments grew 70% in the first quarter — The Shenzhen company is also offering AI chips to rival Nvidia
How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a substantial bill, due to a popular open source tool using the same bucket name (Maciej Pocwierz)
Maciej Pocwierz:
How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a substantial bill, due to a popular open source tool using the same bucket name — Imagine you create an empty, private AWS S3 bucket in a region of your preference. What will your AWS bill be the next morning?
