10 things in tech you need to know today

Facebook Stories is a growing format, according to Cowen.Flickr / Susanne Nilsson Good morning! This is the tech news you need to know this Friday. Microsoft blew away Wall Street estimates in its most recent quarter and grew its revenue by 12% from last year. Revenue was $33.72 billion, while earnings per share was $1.37.…

10 things in tech you need to know today

Facebook Stories is a growing format, according to Cowen.Flickr / Susanne Nilsson Good morning! This is the tech news you need to know this Friday. Microsoft blew away Wall Street estimates in its most recent quarter and grew its revenue by 12% from last year. Revenue was $33.72 billion, while earnings per share was $1.37. For the first time, Microsoft’s cloud business unit generated more revenue than its segments that include Windows and Office. Its cloud business unit, called intelligent cloud, generated $11.4 billion in revenue, while the unit that includes Windows products, the Surface line, gaming, and search generated $11.3 billion. WeWork cofounder Adam Neumann has cashed out $700 million from his company via share sales and loans, an unusual move for a founder ahead of an IPO, according to the Wall Street Journal. Neumann has sold some of his own stake and borrowed against his remaining holdings, the newspaper reported. A BuzzFeed report has detailed missteps by dating app Grindr, after its sale to Chinese group Kunlun. The firm has faced layoffs and a federal investigation over the last 18 months, according to the report. Josh Browder, the 22-year-old entrepreneur behind DoNotPay, an automated legal assistant for small legal claims, has created a virtual credit card that automatically cancels people’s free trials. Customers can sign up for
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