10 Things In Tech You Need To Know This Morning, April 24

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   10 Things You Need To Know SAI   April 24, 2014 Advertisement Good morning! The news is largely about two major tech companies: Apple reported earnings and it was much better on the top and bottom line than people expected. However, that doesn't mean everything is good. Revenue was up just 4%, and the iPad was down a shocking 16%. Offsetting those two concerns is the fact that the iPhone was up 17%.  Apple also announced a 7-for-1 stock split, an increase to its buyback, and an increase to its dividend. CEO Tim Cook said on the call that he want to split the stock to make it so that more people can afford to buy the stock.  Angela Ahrendts, the former Burberry CEO who is taking over Apple's retail operations will join Apple next week. Facebook reported earnings that were well ahead of expectations. However, it also warned that its growth is about to slow considerably due to tough year-over-year comparisons. Also, its desktop ad business has just gone totally sideways.  Facebook's CFO David Ebersman announced that he's stepping down. He's going to have an unfairly mixed record. He led a very successful IPO for Facebook, but because the stock didn't pop on day one, some people will consider it a failure. Zynga founder Mark Pincus announced that he's leaving his day-to-day role, allowing new CEO Don Mattrick to completely run the company. It's quite the run for Pincus as he led the company to its peak, and presided over its fall.  Etsy, the online marketplace for home made goods, bought Grand St, an online e-commerce site focused on electronics. The reported price was under $10 million. Felix Salmon, the popular Reuters columnist, is joining cable network Fusion. Amazon announced a deal with HBO to carry older shows of HBO. This is a big deal since HBO charges cable subscribers $20/month to get its content. This is one of the few ways to get HBO content without a cable subscription. It looks like Net Neutrality is dead. The FCC will reportedly allow for an Internet "fast lane" that lets companies pay for better access to web speeds. Share the latest business news with your network: Email sent to: ipat39@gmail.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 257 Park Avenue South, New York, NY 10010