Techmeme Ride Home Fri. 04/26 – Net Neutrality Is Back
Apr 26, 2024
Net neutrality is back, transforming consumer access to broadband. Major earnings are out, with impressive numbers from YouTube. ByteDance shocks by stating it prefers a TikTok ban over selling its U.S. operations. A new AI safety board has been formed to oversee technology in critical areas. The Onion gets a new owner who aims to revitalize the satirical site. Plus, the CHIPS Act boosts U.S. semiconductor manufacturing while innovative reservation apps are changing dining in NYC.
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Net Neutrality Returns
- The FCC reinstated net neutrality rules, increasing oversight of internet providers.
- Broadband is now classified as a utility-like service, similar to phones and water.
Alphabet's Strong Q1
- Alphabet's Q1 2024 earnings exceeded expectations, with revenue up 15% and net income up 57%.
- They announced their first dividend and a $70 billion share buyback program.
YouTube's Impressive Growth
- YouTube's Q1 ad revenue reached a record $8.1 billion, growing 21% year over year.
- YouTube now contributes 11% of Google's total revenue.
