Square reports ~$34M in Bitcoin-related revenue in Q1, ~5% of its overall revenue, but earned only $223K more from selling Bitcoin than it paid to buy it (Fortune)

Fortune: Square reports ~$34M in Bitcoin-related revenue in Q1, ~5% of its overall revenue, but earned only $223K more from selling Bitcoin than it paid to buy it  —  Square shed light on the state of its fledgling Bitcoin business in its earnings report Wednesday afternoon. from Techmeme https://ift.tt/2KwqOED

Fitbit reports Q1 revenue of $247.9M, down 17% YoY, vs. $247.3M estimated, sold 2.2M fitness trackers, down 27% YoY, vs. 2.33M estimated (Brian Heater/TechCrunch)

Brian Heater / TechCrunch: Fitbit reports Q1 revenue of $247.9M, down 17% YoY, vs. $247.3M estimated, sold 2.2M fitness trackers, down 27% YoY, vs. 2.33M estimated  —  Fitbit scored a small coup on earnings this week, ever so slightly beating revenue expectations for the quarter.  The company pulled in $247.9 million … from Techmeme https://ift.tt/2jpYrf3

Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks (Nathaniel Popper/New York Times)

Nathaniel Popper / New York Times: Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks  —  SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin. from Techmeme… Read More Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks (Nathaniel Popper/New York Times)

Square Q1: non-GAAP revenue of $307M, up 51% YoY, gross payment volume of $17.8B, up 31% YoY, net loss of $24M; stock down 5%+ after hours due to low guidance (Natalie Gagliordi/ZDNet)

Natalie Gagliordi / ZDNet: Square Q1: non-GAAP revenue of $307M, up 51% YoY, gross payment volume of $17.8B, up 31% YoY, net loss of $24M; stock down 5%+ after hours due to low guidance  —  The company posted a Q1 net loss of $24 million, or six cents a share, compared to a net loss… Read More Square Q1: non-GAAP revenue of $307M, up 51% YoY, gross payment volume of $17.8B, up 31% YoY, net loss of $24M; stock down 5%+ after hours due to low guidance (Natalie Gagliordi/ZDNet)

Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman (Kara Swisher/Recode)

Kara Swisher / Recode: Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman  —  In an unusual move, Pincus doesn’t want the final say anymore and wanted more freedom.  —  In an unusual move for a Silicon… Read More Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman (Kara Swisher/Recode)

Spotify reports 75M paid subscribers in Q1, slightly below analyst expectations, but beats expectations with 99M ad-supported MAUs; stock down 5%+ (Anita Balakrishnan/CNBC)

Anita Balakrishnan / CNBC: Spotify reports 75M paid subscribers in Q1, slightly below analyst expectations, but beats expectations with 99M ad-supported MAUs; stock down 5%+  —  Spotify shares fell more than 7 percent after-hours after reporting its first quarterly earnings as a public company. from Techmeme https://ift.tt/2JN5qJZ

Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M; stock down 5% (Spotify Investor Relations)

Spotify Investor Relations: Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M; stock down 5%  —  Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018. from Techmeme https://ift.tt/2JMV0KB

Montreal-based Algolux, a computer vision startup with a focus on autonomous vehicle applications, raises $10M Series A led by General Motors Ventures (Amira Zubairi/BetaKit)

Amira Zubairi / BetaKit: Montreal-based Algolux, a computer vision startup with a focus on autonomous vehicle applications, raises $10M Series A led by General Motors Ventures  —  Montreal-based Algolux, which develops autonomous vision and imaging technology, has raised a $12.84 million CAD ($10 million USD) Series A led by General Motors (GM) Ventures. from Techmeme… Read More Montreal-based Algolux, a computer vision startup with a focus on autonomous vehicle applications, raises $10M Series A led by General Motors Ventures (Amira Zubairi/BetaKit)

Sources: Amazon is offering to pass along discounts it gets on credit card fees to retailers if they use its payments service Amazon Pay (Bloomberg)

Bloomberg: Sources: Amazon is offering to pass along discounts it gets on credit card fees to retailers if they use its payments service Amazon Pay  —  Move shows retailer is willing to sacrifice to grow Amazon Pay  —  It’s another challenge to PayPal, big banks and card networks from Techmeme https://ift.tt/2rfOqoc

Google streamlines its Maps API platform, renaming it Google Maps Platform and combining 18 APIs into three groups, Maps, Routes, and Places (Frederic Lardinois/TechCrunch)

Frederic Lardinois / TechCrunch: Google streamlines its Maps API platform, renaming it Google Maps Platform and combining 18 APIs into three groups, Maps, Routes, and Places  —  Google is launching a major update to its Google Maps API platform for developers today — and it’s also giving it a new name: the Google Maps Platform.… Read More Google streamlines its Maps API platform, renaming it Google Maps Platform and combining 18 APIs into three groups, Maps, Routes, and Places (Frederic Lardinois/TechCrunch)

Humu, a startup that uses machine learning to guide behavioral change in the workplace, raises $30M Series B led by IVP (Vicky Valet/Forbes)

Vicky Valet / Forbes: Humu, a startup that uses machine learning to guide behavioral change in the workplace, raises $30M Series B led by IVP  —  Forbes Staff I write about careers, jobs and the ever-changing workforce.  —  Photo Courtesy: Humu  —  Just 10 months after stepping down from the helm of People Operations …… Read More Humu, a startup that uses machine learning to guide behavioral change in the workplace, raises $30M Series B led by IVP (Vicky Valet/Forbes)