Re/wind: Amazon Falls Short, Facebook Goes Long
In case you missed any of the big tech headlines this week, here’s a roundup of the news that powered Re/code:
- Amazon posted a larger-than-expected loss this quarter, after launching its first smartphone and increasing spending on its video business. See three big takeaways from the news here.
- Facebook this week warned that many of its big investments aren’t likely to pay off anytime soon, and tried to keep mum on how much of its revenue is coming from ads. Meanwhile, the company announced an integration of Uber into the Facebook Messenger app, released a new “save” feature for mobile (basically Facebook bookmarks), and polled some users on whether its ads look like, well, ads.
- Net neutrality may be the cause célèbre of various progressive groups and tech companies, but advocates are going to have a hard time overcoming the millions of dollars spent on lobbying by Internet service providers. Still, Major League Baseball, one of the largest video-content providers on the Web, came out swinging against the FCC’s proposed “fast lane” rules.
- In Apple news, it emerged that the aging iPhone 5s might have outsold Samsung’s brand new Galaxy S5 in May, but the company still sold fewer phones than analysts were hoping for in the latest quarter. In other product categories, CEO Tim Cook said the company is looking to business customers to revive flagging iPad sales, and that OS X Yosemite is now available in beta. On the legal front, Apple found itself on the receiving end of a class-action lawsuit representing thousands of employees seeking back wages, and a U.S. district court judge expressed concerns over Apple’s e-book “price-fixing” settlement with various publishers.
- The ride-hailing company Lyft was able to work out an arrangement with New York state taxi and limousine regulatory authorities to allow it to begin operations in the Big Apple.
- In a guest column for Re/code, Andreessen Horowitz board partner Steven Sinofsky wrote that smartphones can help impoverished populations in developing African countries.
- A smartphone-controlled Crock-Pot? It exists. Bonnie Cha reviewed it to let you know what the brisket of the future will taste like.
- Dropbox’s enterprise customer base (and product quality) has improved, and the company is now boasting about its 80,000 paying corporate customers.
- Is your company experiencing a data problem with “bring your own device” policies related to smartphones? Blame those meddling kids.
- Pandora’s profits fell way below analyst estimates, leading to a 10 percent stock-price plunge.