Secret Google Email

Investing Koala

Top Stories:

Binance founder CZ sentenced to 4 months in prison, as expected

Amazon’s revenue +13% to $143B, as AWS leads in profits

Microsoft invested in OpenAI due to perceived lag vs. Google

Binance founder CZ sentenced to 4 months in prison, as expected

Amazon’s revenue +13% to $143B, as AWS leads in profits

Ad revenue was +24% to $11.8B, ahead of analyst expectations

Operating income totaled $15B, with $9B from AWS, $5B from North America, and $1B International

Microsoft invested in OpenAI in 2019 in part due to perceived lag vs. Google

According to an internal email released as part of the DOJ’s antitrust case against Google:

Internal email : Click Me

Bonus:

MORE TESLA CUTS

Consumer frugality is also continuing to pose challenges for electric vehicle producers. In what will come as a blow to an array of automakers planning to tap into its public charging stations, Tesla has decided to eliminate almost all of its Supercharger group, which will slow the growth of the network. The decision to cut the nearly 500-person group was made by CEO Elon Musk in the last week and comes in addition to the more than 10% staff cut ordered in mid-April.

Other Headlines:

  • AMD’s revenue +2% to $5.47B, guidance of +6% in Q2.

  • Pinterest’s revenue +23% to $740M, global MAUs +12% to 518M.

  • SES to buy Intelsat for $3.1B in bid to compete with Starlink.

  • Eli Lilly’s revenue +26% YoY to $8.77B, net income +67% to $2.24B.

  • Ozempic reduced from $188 to $125/mo in Denmark, as subsidies cut.

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