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May 7, 2020, 12:01 AM
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Top News

New York Times:
Facebook's Oversight Board announces its first 20 members, out of a total of 40, who will oversee challenging content issues  —  The company's independent oversight body will focus on challenging content issues, such as hate speech and harassment.  —  The authors are co-chairs of Facebook's oversight board.
Brady Dale / CoinDesk:
Square reports $528M in Q1 revenues from its Cash App, with $306M coming from Bitcoin transactions, exceeding the app's fiat revenue of $222M for the first time  —  Bitcoin has flippened USD on Square's Cash App, sort of.  —  As reported in the publicly traded fintech company's …
Emily Bary / MarketWatch:
Square reports Q1 revenue of $1.38B, up 44% YoY, with net loss of $106M, up $68M YoY, as Square fills reserves to prepare for COVID-19 problems; stock down 6%+  —  Payments processor falls to an adjusted loss as it prepares for merchants' transaction and loan losses with reserves  —  Referenced Symbols
Abner Li / 9to5Google:
Google says Android 11 Beta 1 is being pushed back to June 3, about a month behind schedule, but the final release is still on track for Q3  —  Back in February, Google laid out plans for three Android 11 developer previews and betas.  The company delivered the first half on that schedule amid COVID-19 …
Kurt Wagner / Bloomberg:
The Libra Association names former US Treasury Department official Stuart Levey as its first CEO ahead of a renewed regulatory push  —  The Libra Association, the group behind the proposed digital currency invented by Facebook Inc., named former U.S. Treasury Department official Stuart Levey as its first chief executive officer.
Nick Statt / The Verge:
Epic Games says Fortnite has 350M registered players, up from 250M in March 2019; in April, players logged 3.2B hours in the game  —  More than 3.2 billion hours played in April alone  —  Epic's Fortnite has more than 350 million registered players, the game developer announced on Wednesday.
Jordan Novet / CNBC:
Twilio beat Q1 estimates with revenue of $364.9M, up 57% YoY, and reports over 190K active customer accounts; stock is up about 25% after hours  —  - Twilio beat expectations on results and its guidance for the current quarter.  — The company withdrew full-year guidance.  —  Jeff Lawson
Devindra Hardawar / Engadget:
Microsoft debuts 13.5-inch and 15-inch Surface Book 3 laptops with 10th-gen quad-core Intel CPUs, new NVIDIA GPUs, available May 21 from $1,600 and $2,300  —  With the Surface Book 2, Microsoft proved it could take on the MacBook Pro directly with a powerful and genuinely innovative PC notebook.
Microsoft Devices Blog:
Microsoft announces $250 Surface Headphones 2 with better sound and battery, arriving on May 12, and says its Surface Buds will ship on the same day for $200
Tom Warren / The Verge:
Microsoft unveils Surface Go 2 with a bigger 10.5-inch display and more powerful Intel processors in higher-end models, coming May 12, starting at $400
Lora Kolodny / CNBC:
Lyft reports Q1 revenue of $955.7M, up 23% YoY, as its net loss drops to $398.1M from $1.1B in 2019; active riders rose 3% YoY to 21.2M; stock up 10%+  —  - On Wednesday, Lyft reported losses of $398.1 million, and revenue of $955.7 million for Q1 2020.  — Citing Covid-19 impacts to its business …
Emily Bary / MarketWatch:
PayPal misses Q1 estimates with revenue of $4.62B, up 13% YoY, and net income of $84M, down from $667M YoY; says May 1 was its largest transaction day ever  —  Referenced Symbols  —  PayPal Holdings Inc. fell short of first-quarter expectations Wednesday as the company felt the impact …
Janko Roettgers / Protocol:
Sources: Google to release a Fire TV-like Android TV dongle with a new content-centric UI in the coming months, likely extending its Nest brand to the product  —  Google is set to introduce an Android TV streaming device in the coming months, a reimagined dongle with a new user interface …
Matthew Panzarino / TechCrunch:
Interview with Apple SVP Craig Federighi about the iPadOS cursor, a significant change to the pointer paradigm, and the decisions Apple made to get there  —  Apple SVP Craig Federighi talks about the iPad's new cursor and Magic Keyboard  —  Even though Apple did not invent the mouse pointer …
Natasha Lomas / TechCrunch:
European Data Protection Board publishes updated guidelines arguing that scrolling and “cookie walls”, which block users from content, don't constitute consent  —  You can't make access to your website's content dependant on a visitor agreeing that you can process their data — aka a ‘consent cookie wall’.
Reuters:
Sources: US Department of Commerce is close to signing off on a rule allowing US companies to work with Huawei on setting 5G network standards  —  (Reuters) - The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China's Huawei Technologies …
Darrell Etherington / TechCrunch:
Alphabet's Loon partners with AT&T to extend the cellular network coverage using its balloons globally in case of disasters  —  Alphabet-owned Loon, the company focused on providing connectivity via high-altitude, stratosphere skimming balloons that can act as on-demand, deployable cell towers …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:01 AM ET, May 7, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Alex Weprin / Hollywood Reporter:
NYT's David Marchese and Lulu Garcia-Navarro discuss The Interview, a new franchise launching on April 27 that will appear in the Magazine and in podcast form

More News

Charles Fishman / The Atlantic:
How internet infrastructure, like that from AT&T, has managed to cope during the lockdown, as people stream media and work remotely
Andy Greenberg / Wired:
Security researchers say India's contact tracing app, mandated for many workers and downloaded over 90M times, could leak patient GPS data

Earlier Picks

Ellen Hammett / Marketing Week:
Study: half of the money brands invest in programmatic advertising never reaches online publishers; 15% of the money is unattributable to supply chain players
Erin Griffith / New York Times:
With gyms closed, sales of the $2,245 Peloton connected smart bike have surged; Peloton's stock has risen 86% since mid-March, valuing the company at $10B
Lauren Feiner / CNBC:
Uber says it will lay off 3,700 employees, or ~14% of its workforce, as it has been hit hard by the pandemic; CEO Dara Khosrowshahi will forgo his base salary
Bloomberg:
Instacart added 300K shoppers in eight weeks to adapt to the pandemic and says it has had its first-ever monthly profit in April of $10M
Divya Balji / Bloomberg:
Shopify tops estimates with Q1 revenue of $470M, up 47% YoY, and gross merchandise volume of $17.4B, up 46% YoY
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