Bloomberg: Apple, Microsoft, Amazon, Facebook, Intel, and Alphabet had a combined $100B+ in overseas pretax income in FY 2020, making them targets of Biden's new tax plans — - Biden plan takes aim at popular tech tax-code maneuvers — Book income tax would have cost Apple alone $3.8 bln in 2020
Salvador Rodriguez / CNBC: Snap Q1: revenue of $770M, up 66% YoY, DAUs up 22% YoY to 280M, and free cash flow hit $126M, its first quarter of free positive cash flow as a public company — - Snap's stock rose in after-hours trading on Thursday after the company reported its first-quarter results despite beating Wall …
Kif Leswing / CNBC: Intel reports Q1 revenue of $18.6B, flat YoY, vs. $17.90B est., Data Center Group revenue of $5.56B, down from $6.99B YoY, and PC unit volumes were up 38% YoY — - Intel's first-quarter earnings are the first with CEO Pat Gelsinger at the helm. — He's already announced a turnaround …
Marty Swant / Forbes: Atmosphere TV, a streaming service that provides audio-optional content supported by ads, raises $25M Series B from Valor Equity at a valuation of $275M — It's been more than a year since many Americans have sat inside a bar or restaurant, casually watching a silent TV play in the background.
Andrew J. Hawkins / The Verge: Consumer Reports says it was “easily” able to trick Tesla's Autopilot system to operate without anyone in the driver's seat — Consumer Reports says, ‘Under no circumstance should anyone try this’ — Consumer Reports said Thursday it was “easily” able to trick Tesla's Autopilot system …
Andy Robinson / VGC: Sony confirms it is testing PlayStation Plus Video Pass, which lets PS Plus subscribers access over 20 movie and TV shows from Sony Pictures, in Poland — POLISH USERS HAVE ACCESS TO VIDEO CONTENT FROM TODAY; NO NEWS ON OTHER MARKETS YET — Sony Interactive Entertainment …
Mary Ann Azevedo / TechCrunch: Sift, which uses AI to predict whether an attempted online transaction or interaction is authentic or fraudulent, raises $50M at a valuation of $1B+ — With the increase of digital transacting over the past year, cybercriminals have been having a field day.
Steve Kovach / CNBC: Report: Apple is working on upgrades to iMessage with the eventual goal of making it more like a social network, to better compete with WhatsApp — - Apple is working on enhancements to iMessage that will help it compete with the more robust social networking features in Facebook's products, Bloomberg reported on Thursday.
José Adorno / 9to5Mac: Report: iPhone 12 models accounted for 61% of US iPhone sales in Q1 2021; iPhone 12 mini was the lowest selling iPhone of the quarter, behind iPhone SE and XR — As Apple prepares to report its earnings results for the second quarter of the 2021 fiscal year next week, a new report …
Catherine Shu / TechCrunch: AfterShip, which lets online sellers track packages across different carriers, raises $66M Series B led by Tiger Global, following a $1M Series A in 2014 — AfterShip launched in 2012 to help online sellers track packages across different carriers, but since then it has built a suite …
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