Your Galaxy Phone

Alphabet (Google's parent company) earnings are out this afternoon. As usual, Wall Street wants to know how the search ad business is adapting to mobile. It also wants to know how Nest, Fiber and other Alphabet companies are doing, and how much business its cloud computing unit is drumming up.
[Mark Bergen | Re/code]

Cloud computing has been the key to Microsoft's turnaround in the last few years, even as global PC sales have cratered. Revenues from Microsoft's Intelligent Cloud division were 28 percent of the company's total revenue last year, up from 23 percent in 2014. Investors want to see that growth continue when the company releases Q1 numbers today.
[Steven Russolillo | The Wall Street Journal]

Benchmark VC Bill Gurley has been warning fellow investors about a bubble for years. Now he says it is bursting and forcing over-funded, over-valued companies to make very hard choices. This is the essay everyone in tech will be talking about today.
[Bill Gurley | Above The Crowd]

Frank Rich is a politics writer for New York Magazine and executive producer of the HBO show "Veep," which imagines a not-too-far-off reality in which everybody in Washington is a moron. On the latest Code Media podcast, Rich talks to Peter Kafka about Trump, leaving the New York Times and watching "Hamilton" through the eyes of a theater critic (which he once was).
[Eric Johnson | Re/code]

Google and Facebook soak up most of the ad dollars that get spent on the Internet. One digital ad space they don't control, however, is "enterprise marketing," or advertising on the software that people use at work. And try as Google might, the two companies don't yet have a way into the area.
[Mark Bergen | Re/code]