Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%+; GOOG up 13%+ after hours — Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018 (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018 — Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced …
Threads expands Hidden Words to let users filter out words, phrases, or emoji, and tests the option to mute notifications and ways to select who can quote posts (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, or emoji, and tests the option to mute notifications and ways to select who can quote posts — Threads and Instagram head Adam Mosseri announced today that Threads is launching a new feature that lets users filter out words and phrases from their feeds and mentions.
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok’s algorithm as core to overall ByteDance systems (Reuters)
Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok’s algorithm as core to overall ByteDance systems — TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts …
Sublime, which monitors emails of companies and political campaigns to spot AI-generated phishing attacks, raised a $20M Series A, taking total funding to $30M (Thomas Brewster/Forbes)
Thomas Brewster / Forbes:
Sublime, which monitors emails of companies and political campaigns to spot AI-generated phishing attacks, raised a $20M Series A, taking total funding to $30M — While Russian agents were breaking into the Democratic National Committee’s emails in mid-2016 in an attempt to influence …
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation (CNBC)
CNBC:
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation — In this photo illustration, the Rubrik, Inc. logo is displayed on a smartphone screen. — Data management software maker Rubrik began trading on the New York Stock Exchange on Thursday.
The FCC votes 3-2 to reinstate net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet (Cecilia Kang/New York Times)
Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet — Commissioners voted along party lines to revive the rules that declare broadband as a utility-like service that could be regulated like phones and water.
Sources: a Huawei-led consortium, backed by Chinese government funding, aims to compete with Nvidia by making high-bandwidth memory chips, used in GPUs, by 2026 (The Information)
The Information:
Sources: a Huawei-led consortium, backed by Chinese government funding, aims to compete with Nvidia by making high-bandwidth memory chips, used in GPUs, by 2026 — Huawei Technologies is leading a group of Chinese semiconductor companies seeking memory chip breakthroughs …
Movement Labs, which is building Movement L2, a layer-2 Ethereum blockchain based on the Move programming language, raised a $38M Series A led by Polychain (Leo Schwartz/Fortune)
Leo Schwartz / Fortune:
Movement Labs, which is building Movement L2, a layer-2 Ethereum blockchain based on the Move programming language, raised a $38M Series A led by Polychain — The blockchain race is about to get even more crowded: Movement Labs, a San Francisco-based software development team that’s building …
Sources: Microsoft has scrambled to respond to new attacks from the Russia-linked SolarWinds hackers, as its engineers prioritize security over new features (Tom Warren/The Verge)
Tom Warren / The Verge:
Sources: Microsoft has scrambled to respond to new attacks from the Russia-linked SolarWinds hackers, as its engineers prioritize security over new features — The world’s largest tech company has a security problem. A series of high-profile security incidents have rocked Microsoft …
