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    • PayPal says it had 277M total customer accounts at end of Q1, up 17% YoY, including 22M merchant accounts, and Venmo has surpassed 40M+ active user accounts (Kate Rooney/CNBC)

    Kate Rooney / CNBC: PayPal says it had 277M total customer accounts at end of Q1, up 17% YoY, including 22M merchant accounts, and Venmo has surpassed 40M+ active user accounts  —  Popular payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced on Wednesday. PayPal says it

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    • Facebook had 2.38B MAUs in Q1, up 2.5% QoQ, as DAUs hit 1.56B, up 2.63% QoQ; EPS is $0.85 instead of $1.89 after setting aside money for potential FTC fine (Josh Constine/TechCrunch)

    Josh Constine / TechCrunch: Facebook had 2.38B MAUs in Q1, up 2.5% QoQ, as DAUs hit 1.56B, up 2.63% QoQ; EPS is $0.85 instead of $1.89 after setting aside money for potential FTC fine  —  A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. Facebook had 2.38B

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    Microsoft reports Q3 Productivity and Business Processes revenue of $10.2B, up 14% YoY; Azure revenue was up 73% YoY, and Surface revenue rose 21% YoY (Emil Protalinski/VentureBeat)

    {$inline_image} Emil Protalinski / VentureBeat: Microsoft reports Q3 Productivity and Business Processes revenue of $10.2B, up 14% YoY; Azure revenue was up 73% YoY, and Surface revenue rose 21% YoY  —  Microsoft today reported earnings for its third fiscal quarter of 2019, including revenue of $30.6 billion, net income of $8.8 billion … Microsoft reports

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    • Hacker claims he can track and even turn vehicle engines off for some users of GPS tracker apps iTrack and ProTrack, which let users keep weak default passwords (Lorenzo Franceschi-Bicchierai/Motherboard)

    Lorenzo Franceschi-Bicchierai / Motherboard: Hacker claims he can track and even turn vehicle engines off for some users of GPS tracker apps iTrack and ProTrack, which let users keep weak default passwords  —  “I can absolutely make a big traffic problem all over the world,” the hacker said.  —  A hacker broke into thousands …

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    • Microsoft has managed to dodge the Big Tech backlash, with its reputation improving since 2016 thanks to a methodical approach to thorny issues (Kim Hart/Axios)

    Kim Hart / Axios: Microsoft has managed to dodge the Big Tech backlash, with its reputation improving since 2016 thanks to a methodical approach to thorny issues  —  The tech industry is feeling the pain of an unprecedented backlash over its business practices and broad impact on society … Microsoft has managed to dodge the

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    • Vue.ai, maker of AI retail tools for apparel photo generation and product recognition, raises $17M Series B and says Macy's, Levi's, Tata are among customers (Kyle Wiggers/VentureBeat)

    Kyle Wiggers / VentureBeat: Vue.ai, maker of AI retail tools for apparel photo generation and product recognition, raises $17M Series B and says Macy’s, Levi’s, Tata are among customers  —  AI in commerce is a fast-growing — and highly lucrative — industry.  A recent report published by Juniper Research predicts … Vue.ai, maker of AI

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    • Source: Bond Capital, Mary Meeker's new growth equity VC firm that spun out from Kleiner Perkins, has secured $1.25B+ for its debut fund (Dan Primack/Axios)

    Dan Primack / Axios: Source: Bond Capital, Mary Meeker’s new growth equity VC firm that spun out from Kleiner Perkins, has secured $1.25B+ for its debut fund  —  Bond Capital, the growth equity firm spun out of Kleiner Perkins last year, has secured $1.25 billion in commitments for its debut fund, Axios has learned from

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    • MongoDB says it will acquire Realm, an open source database platform for mobile apps, for $39M; Realm had raised $40M (Ron Miller/TechCrunch)

    Ron Miller / TechCrunch: MongoDB says it will acquire Realm, an open source database platform for mobile apps, for $39M; Realm had raised $40M  —  MongoDB announced today that is acquiring Realm, an open source database geared for mobile applications for $39 million.  The startup had raised just over $40 million before being acquired today.

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    • Facebook tells UK MPs that New Zealand shooter's first-person video fooled its AI content detection, saying it was something "we had not seen before" (Nate Lanxon/Bloomberg)

    Nate Lanxon / Bloomberg: Facebook tells UK MPs that New Zealand shooter’s first-person video fooled its AI content detection, saying it was something “we had not seen before”  —  – Labour party lawmaker calls tech platforms a “cesspit”  — Tech firms giving evidence on hate crime to U.K. panel Facebook tells UK MPs that New

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    • Lawyers say an Indian state court reversed its ban on TikTok; source says IT ministry will ask Apple and Google to reinstate the app (Reuters)

    Reuters: Lawyers say an Indian state court reversed its ban on TikTok; source says IT ministry will ask Apple and Google to reinstate the app  —  NEW DELHI (Reuters) – An Indian state court on Wednesday moved to lift a ban on popular video app TikTok in the country, two lawyers involved in the case

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