Good morning ... Situational awareness: Twitter reported its first-ever profitable quarter this morning, and shares jumped more than 20% after the market opened this morning. More below.
The smartphone raises new concerns about the health effects of tech. Photo: Artur Debat / Contributor via Getty Images
Tech industry critics spent a daylong event on Capitol Hill Wednesday airing concerns that Facebook, Google, Apple and other major companies are peddling addictive products that damage young minds.
Axios' David McCabe, who was there, says the campaign against Big Tech is becoming more organized. But, he says, both sides of this debate seem to be talking past each other.
What they’re saying:
Our thought bubble: The conversation seems to be taking an antagonistic turn, with critics digging in deeper. It's likely to only get more heated with dueling messages about the safety of technology.
Meanwhile: Tech companies are quietly building their own defense. Facebook will host a summit on safety next month, which is expected to include some of its critics.
Twitter's headquarters in San Francisco. Photo: David Paul Morris / Bloomberg via Getty Images
Twitter reported fourth quarter earnings of 19 cents per share before the bell Thursday morning, surpassing the industry estimates of 14 cents per share, CNBC reports. The bump earned Twitter its first-ever net profitable quarter.
Why it matters: Axios' Sara Fischer says the company has been making strategic investments in video ad revenue for the past two years, led by COO Anthony Noto, who announced he would be leaving the company to become CEO of SoFi earlier this year.
By the numbers: Twitter also reports it beat revenue expectations, at $732 million compared to $686.1 million estimated. Monthly active users were 330 million, slightly below the projected 332.5 million, and Twitter attributed this to its crackdown on fake accounts.
On the third day of the Waymo-Uber trial, a new narrative emerged through the testimony of ex-Uber CEO Travis Kalanick — the lawsuit stems, at least partly, from the companies' soured relationship, Axios' Kia Kokalitcheva reports.
"He was a littly angsty and said, 'Why are you doing my thing?'" Kalanick recalled Alphabet CEO Larry Page saying in a meeting after finding out that the ride-hailing company was working on self-driving cars.
More: We also learned, through the testimony of Lior Ron, co-founder of the startup Otto at the center of the lawsuit, that it had an acquisition offer (but not yet a term sheet) from Uber rival Lyft.
The dummy driver wasn't the only thing in the Tesla that Elon Musk shot into space. Also inside, was something called an Arch (pronounced "Ark").
Details: The Arch is a 1-inch piece of quartz glass disk with data etched into it. It's designed to last billions of years, withstanding extreme heat and cold as well as oxidation. Included on the disk is a copy of Isaac Asimov’s "Foundation" trilogy.
Rare earth object: The Arch that was launched into orbit this week is one of five in existence (Musk has one in his personal library and the other three are ready to be sent into space).
Dig deeper: You can find out more about the project here.
A 3rd generation Nest thermostat inside an apartment. Photo: Nest
The surprise isn't that Google was making Nest a part of its hardware unit — the shock is that it has taken this long.
Flashback: When Google bought Nest for $3.4 billion in 2014, it made sense that it wanted to keep the hardware upstart separate from the company's search-and-Android ambitions. Plus, Tony Fadell really wanted autonomy.
Proving time: The question now is whether the unit can actually move faster and/or integrate more deeply with the rest of Google's smart home efforts.
For the first time, the Gerber baby happens to be a kid with Down Syndrome.