Good morning ... Situational awareness: Verizon issued better-than-expected Q1 results, as the company lost fewer monthly phone subscribers than expected, Reuters reports.
Speaking of earnings, I'm thinking about buying $10 worth of lottery tickets and accounting for it as my "other bets."
Jeff Weiner. Photo illustration: Axios Visuals
LinkedIn CEO Jeff Weiner has a message for companies — and it's a very timely one that Silicon Valley needs to hear: You can't just build your business around the world you wish to exist.
"There are unintended consequences to actions," Weiner said, in an interview with Axios' Mike Allen and Sara Fischer. "Increasingly companies really need to think about the unintended consequences proactively."
Why it matters: Facebook executives have repeatedly said they focused too much on the good uses of their technology. With the tech industry on the verge of meaningful artificial intelligence, self-driving cars and increasing automation, it's critical for all tech companies to start thinking of how their products might be used maliciously.
Driving the news: Weiner pointed, in particular, to the trend of "fake news" — both sensationalized stories as well as outright falsehoods.
Go deeper: You can watch the full video here.
The bottom line: We all know Google is a cash cow. Here's what really stood out:
1. Revenue: In an era of heightened concerns about privacy, Google still gets 90% of its revenue from search.
2. Nest: Because of an accounting change, we now know a lot more about Nest's financials.
3. "Other revenue" and "other bets": There are 2 big "other" lines to pay attention to in the report, plus some other interesting info.
Photo: S3studio/Getty Images
Trust in tech firms (or lack of it) is a big topic of conversation these days. IBM's Bridget van Kralingen tells Axios' Kim Hart that blockchain technology could be a way to rebuild that trust.
Why it matters: Blockchain is best known for making cryptocurrencies like Bitcoin possible, but IBM is experimenting with other uses for the distributed ledger technology. It has more than 400 initiatives underway — including tracking food, managing personal data, and determining the origin of prescription drugs.
“I see it as an operating system for trust,” van Kralingen, SVP of global industries, platforms and blockchain, told Axios last week at the International Monetary Fund’s spring meeting in D.C. “It’s not a winner-takes-all model. For it to work and stay vibrant, many different players all have to get value.”
For example: The recent E. coli outbreak led to mass disposal of lettuce in many places. Using a blockchain-based system to track the supply chain of food could help vendors pinpoint the farm it came from, locate the stores where it's sold, and throw away only the lettuce that's tainted.
Go deeper: Kim has more here.
Uber's headquarters in San Francisco, Calif. Photo: Justin Sullivan/Getty Images
Uber's latest diversity report shows barely any change from last year — meaning, it's still mostly white and male, with some improvement within its technical ranks.
Bright spot: However, Uber's ratio of women went up across several categories, including overall workforce and tech leadership, notes Axios' Kia Kokalitcheva.
Why it matters: Uber has been heavily criticized for its difficult environment for women and other underrepresented minorities. But, at least when it comes to the raw numbers, it's largely on par with the rest of the industry.
Bottom line: Like all tech companies, Uber is trying to have a more diverse workforce by improving its hiring practices and continuing to encourage internal employee groups. And like other tech companies, it's finding that change is hard and slow.
Another example of what being a professional athlete truly looks like.