Aisha Counts / Bloomberg:
Pinterest reports Q1 revenue up 23% YoY to $740M, vs. $700.3M est., MAUs up 12% YoY to 518M, and Q2 revenue forecast above est.; PINS jumps 15%+ after hours — – Shares soar after company beats on sales and user growth — Gen-Z is flocking to the site for shopping over scrolling
Amazon Q1: revenue up 13% YoY to $143.3B, net income of $10.4B, vs. $3.2B YoY, operating income of $15.3B, vs. $4.8B YoY, subscription revenue up 11% to $10.7B (Amazon)
Amazon:
Amazon Q1: revenue up 13% YoY to $143.3B, net income of $10.4B, vs. $3.2B YoY, operating income of $15.3B, vs. $4.8B YoY, subscription revenue up 11% to $10.7B — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2024.
Amazon reports Q1 AWS revenue up 17% YoY to $25.04B, vs. $24.49B est., and AWS operating income of $9.42B, vs. $7.52B est., up from $5.12B YoY (Jordan Novet/CNBC)
Jordan Novet / CNBC:
Amazon reports Q1 AWS revenue up 17% YoY to $25.04B, vs. $24.49B est., and AWS operating income of $9.42B, vs. $7.52B est., up from $5.12B YoY — Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023.
AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and a $123M net income, up from a $139M net loss YoY (Kif Leswing/CNBC)
Kif Leswing / CNBC:
AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and a $123M net income, up from a $139M net loss YoY — Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.
A screenshot seems to show TikTok circumventing Apple’s App Store fees by showing some users a link to a site for buying digital coins, instead of using IAPs (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
A screenshot seems to show TikTok circumventing Apple’s App Store fees by showing some users a link to a site for buying digital coins, instead of using IAPs — TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app …
Amazon reports Q1 ad revenue up 24% YoY to $11.8B, vs. $11.7B est., driven by the growth of its Stores and Prime Video businesses (Todd Spangler/Variety)
Todd Spangler / Variety:
Amazon reports Q1 ad revenue up 24% YoY to $11.8B, vs. $11.7B est., driven by the growth of its Stores and Prime Video businesses — Amazon raked in $11.82 billion in ad revenue for the first quarter of 2024, well over analyst expectations, fueled by the ecommerce giant’s move to serve advertising …
Letter from US senators: only five of 14 automakers require police to have a warrant before requesting user data, and only Tesla tells users about such requests (Kashmir Hill/New York Times)
Kashmir Hill / New York Times:
Letter from US senators: only five of 14 automakers require police to have a warrant before requesting user data, and only Tesla tells users about such requests — Modern cars are internet-connected and have hundreds of sensors. Lawmakers and regulators have concerns about what’s happening with all that data.
The US DOJ says it has charged Roger Ver, a well-known figure from the early days of Bitcoin, with filing false tax returns and more, evading ~$50M in taxes (Jeff John Roberts/Fortune)
Jeff John Roberts / Fortune:
The US DOJ says it has charged Roger Ver, a well-known figure from the early days of Bitcoin, with filing false tax returns and more, evading ~$50M in taxes — The Justice Department announced on Tuesday it has charged Roger Ver, a well-known figure from the early days of Bitcoin, with mail fraud and filing false tax returns.
US judge sentences Binance founder Changpeng Zhao to four months in prison (Elizabeth Lopatto/The Verge)
Elizabeth Lopatto / The Verge:
US judge sentences Binance founder Changpeng Zhao to four months in prison — Binance founder Changpeng Zhao was sentenced to four months in prison for failing to establish adequately anti-money laundering protections. Zhao, once the head of the largest crypto exchange in the world, pleaded guilty in November 2023.
Game emulator Delta has been the top US iOS app for weeks, after Apple lifted its ban on such apps, likely due to regulatory pressure and alt stores in the EU (Shira Ovide/Washington Post)
Shira Ovide / Washington Post:
Game emulator Delta has been the top US iOS app for weeks, after Apple lifted its ban on such apps, likely due to regulatory pressure and alt stores in the EU — Antitrust crackdowns on Apple are already changing your iPhone for the better — The hottest iPhone app in America may owe …
