Good morning! This is the tech news you need to know this Tuesday.
- Alphabet topped revenue targets in Q4 but rising costs spooked Wall Street. Google’s parent company’s net revenue rose 23% in the fourth quarter compared with last year, but its payments to partners rose at a faster 26% clip.
- Apple is squirreling away money to pay for lawsuits related to its iPhone ‘batterygate’ throttling scandal. Apple said in a recent SEC filing that it has set aside some money to pay for the litigation as a contingency.
- A defiant Mark Zuckerberg says people are focusing on the ‘negative’ aspects of Facebook’s impact on the world. In a post marking Facebook’s 15th birthday, the 34-year-old billionaire published a post defending the influence of the internet — and, by extension, Facebook.
- $7 billion Slack has filed to go public. The company is backed by venture-capital firms like Kleiner Perkins, Andreessen Horowitz, and Accel, as well as SoftBank.
- Google CEO Sundar Pichai says the company isn’t backing down from the challenge that ‘Fortnite’ poses to the Android app store business. Pichai said his company was sticking with its current revenue split with developers — which is a 30% cut on app sales and in-app purchases.
- Instagram’s boss Adam Mosseri says it’s not doing enough to catch self-harm images before they are discovered by users. It follows the suicide of British teenager Molly Russell, whose family subsequently found she’d been viewing graphic images of self-harm on Instagram.
- Google poured billions into its cloud business in 2018, outspending both Amazon and Microsoft. Google doubled its capital expenditure spending in 2018 to $25.8 billion, which included spending on offices and tech infrastructure.
- Gwyneth Paltrow signs deal with Netflix for a Goop streaming series. The show will feature Paltrow, doctors, experts, and researchers all chatting about issues pertaining to physical wellness in 30-minute episodes.
- PewDiePie’s war with T-Series hit the Super Bowl, as YouTuber Mr Beast turned up to the game with ‘Sub 2 PewDiePie’ shirts. Although T-Series was predicted to overtake PewDiePie, he has clung on to the top spot by campaigning for subscribers with fellow YouTube stars.
- Elon Musk posted 2 spectacular videos of Space X’s new rocket engine firing for the first time. Space X’s Starship Raptor rocket engine is part of the company’s ambition to transport humans to the moon and beyond.
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