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April 20, 2022, 8:00 AM
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memeorandum
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| Emily McCormick / Yahoo Finance: |
Netflix reports losing 200K net subscribers in Q1, vs. an estimated 2.5M net additions, and $7.87B revenue, vs. $7.95B est.; Netflix stock drops 25%+ — Netflix (NFLX) reported an unexpected decline in first-quarter net subscribers as the company navigated an exit from Russia and an increasingly saturated North American market.
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Netflix Investor Relations, CNBC, Bloomberg, The Register, XDA Developers, ZDNet, Variety, MediaNama, Coinspeaker, Silicon Republic, BetaNews, iMore, Financial Times, Forbes, and Insider
Tweets: @levynews, @sherman4949, @lucas_shaw, @pkafka, @lucas_shaw, @loudmouthjulia, @lucas_shaw, @jsphctrl, @stevekovach, @onejarednewman, @film_girl, @film_girl, @kantrowitz, @htsfhickey, @film_girl, @thestalwart, @lucas_shaw, @carnage4life, @mattlanza, @ldignan, @teroterotero, @jamesrbuk, @jank0, @jyarow, @pkafka, @lucas_shaw, @film_girl, @danprimack, @adamnash, @carnage4life, @pkedrosky, @film_girl, @jrawson, @benedictevans, @jimcramer, @randystg, @mgsiegler, and @kgreifeld
| Todd Spangler / Variety: |
Netflix estimates that its users are sharing passwords with 100M+ non-paying households globally, including 30M+ in the US and Canada, in violation of its rules — There's a whole lot of password-sharing going on across Netflix's customer base — and the streaming giant is eager to pocket …
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MacRumors, Techhive.com, Bloomberg, The Hollywood Reporter, CNBC, CNET, AppleInsider, TechCrunch, SiliconANGLE, Pocket-lint, The Overspill, Deadline, Gizmodo, PCMag, TechRadar, The Verge, and Axios
Tweets: @sherman4949, @iamsteph, @sub8u, @maxwindiff, @rakeshlobster, @tinch, @michael_boamah, @lucas_shaw, @elisasileb, @alexweprin, @sundeep, and @jtylerconway
| Alex Weprin / The Hollywood Reporter: |
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and will examine what those plans will look like “over the next year or two” — Co-CEO Reed Hastings revealed the move on an earnings call after the streaming giant disclosed it lost 200,000 subscribers during its most recent quarter.
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iMore, CNBC, The Verge, Engadget, Daring Fireball, The Information, IGN, iPhone in Canada Blog, Axios, TechCrunch, Variety, TNW, MSPoweruser, Pricebaba.com Daily, Gameranx, Insider, The Streamable, Deadline, The Wrap, Bloomberg, GSMArena.com, Pocket-lint, and Cord Cutters News
Tweets: @brotifa, @alexweprin, @film_girl, @gayguycandleco, @daveleeft, @centristmadness, @wbm312, and @film_girl
| Lauren Hirsch / New York Times: |
Sources: Elon Musk is evaluating various debt packages, including preferred debt and a loan against his shares of Tesla, to secure financing for his Twitter bid — The world's richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.
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New York Post, The Irish Times, Bloomberg, The “I” of an Investor, The Economic Times, CoinDesk, Insider, Slate, Midnight Aviary, Tom's Newsletter, WRAL TechWire, and The Hill
Tweets: @coreypein, @laurenshirsch, @coreypein, and @mikeisaac
| Financial Times: |
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Bloomberg, Transistori, Insider, Social Media Today, The Information, SiliconANGLE, and Fortune
| Matt Levine / Bloomberg: |
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TNW, Decrypt, Los Angeles Times, Scrooge Capital, NPR, Forbes, HotHardware.com News, and Insider
Tweets: @elonmusk, @therecount, @elonmusk, @elonmusk, @bobbyallyn, @lanceulanoff, @reckless, @chestermissing, @biancoresearch, @matt_levine, @kurtwagner8, @jackposobiec, @jonnajarian, @matt_levine, @danprimack, @danprimack, @kantrowitz, @jamcnn, @davidjoachim, @modestproposal1, @tcarmody, @mikeisaac, @ivanthek, @bobonmarkets, @loudmouthjulia, @caseynewton, @trungtphan, @mslopatto, @jonathanglick, @derfleck, @ntkris, @stephenkinsella, @pkafka, and @lanceulanoff
| Canalys: |
Global smartphone shipments fell 11% in Q1 2022; Samsung grew its market share from 22% to 24%, Apple gained from 15% to 18%, and Xiaomi dipped from 14% to 13% — Worldwide smartphone shipments fell 11% amid unfavorable economic conditions and sluggish seasonal demand in the first quarter of 2022.
| Bloomberg: |
Google and Meta restrict the accounts of Hong Kong's sole chief executive candidate, John Lee, citing US sanctions from 2020 on Lee for crushing protests — Google and Meta Platforms Inc. moved on Wednesday to curtail the social media presence of Hong Kong's sole chief executive candidate … | Ryan Browne / CNBC: |
Robinhood revives its UK expansion plans and agrees to acquire crypto app Ziglu, one of the few crypto companies to secure Financial Conduct Authority approval — - Robinhood has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies.
More:
Under the Hood, Silicon Republic, The Information, CoinQuora, Financial Times, Waivly, Coinspeaker, crypto.news, CoinDesk, Crowdfund Insider, Bitcoin News, Axios, Dow Jones Newswires, City A.M., The Times, Barron's Online, BeInCrypto, Finance Magnates, ZyCrypto, Payments Dive, Benzinga, Cryptopolitan, Forbes, Forkast, PYMNTS.com, Bloomberg, The Block, Cointelegraph, Finextra, and AltFi
Tweets: @robinhoodapp, @markhippo, @ryan_browne_, @ryan_browne_, and @robinhoodcomms
| Kyle Alspach / VentureBeat: |
Okta's probe into the January Lapsus$ breach of a third-party vendor concludes that it lasted only 25 consecutive minutes and impacted just two active customers — Okta said Tuesday that a forensic investigation that it commissioned found that the hacker group Lapsus$ accessed …
More:
Okta Inc., Silicon Republic, Engadget, Infosecurity, The Hacker News, SecurityWeek, Mobile ID World, GovInfoSecurity, Dow Jones Newswires, and ZDNet
Tweets: @malwarejake, @aidaakl, @arekfurt, @cipherstorm, @landryst, and @campuscodi
| Nikkei Asia: |
Analysis: half of Apple's top 200 suppliers have facilities in and around Shanghai, where China's COVID-19 lockdowns are disrupting activity — slong COVID lockdown in Shanghai is creating chaos for Apple suppliers based in and around the city. (Source photos by Getty Images and Reuters) …
More:
Bloomberg, 9to5Mac, TechNode, iMore, iThinkDifferent, iPhone in Canada Blog, SlashGear, MacDailyNews, DigiTimes, and AppleInsider
| New York Times: |
A timeline of warnings from investors over the past decade about a tech startup bubble that never burst; instead of a collapse, things got bubblier — The venture capitalists are sounding the alarm. At posh conferences, they buzz about falling valuations for start-ups.
More:
Vox. Tweets: @margaretomara, @nytimes, @old_school_lib, @workmj, @issielapowsky, @nytimesbusiness, @puiwingtam, @bigblackjacobin, @eringriffith, @patrickmcgee_, @hdubugras, and @dealbook
| David Pierce / The Verge: |
Brave browser introduces De-AMP, a feature which bypasses Google-hosted AMP pages and takes users straight to the original website — Yet another nail in the AMP coffin — Brave announced a new feature for its browser on Tuesday: De-AMP, which automatically jumps past any page rendered …
More:
Brave Browser, XDA Developers, MacRumors, Engadget, Cryptonews, WRAL TechWire, TechCircle, Fossbytes, ZDNet, gHacks Technology News, Liliputing, PCMag, and Thurrott
Tweets: @brave, @andreapernici, and @blowdart
| Maddie Stone / Project Zero: |
Google's Project Zero: 58 in-the-wild 0-days were detected and shared in 2021, more than double the previous record, as the industry improves at finding 0-days — A Year in Review of 0-days Used In-the-Wild in 2021 — This is our third annual year in review of 0-days exploited in-the-wild [2020, 2019].
More:
CyberScoop, The Register, Neowin, iTnews, PCMag, and Bloomberg
Tweets: @k8em0, @gazthejourno, @yarden_shafir, @campuscodi, @msuiche, @chompie1337, and @howelloneill
| Nicole Carpenter / Polygon: |
Microsoft's Chris Novak, currently head of Xbox R&D, is leaving after nearly 20 years; Novak has previously worked on Xbox Game Pass and Live — From Xbox design director, to architect, to leading Xbox research and design — If you've subscribed to Game Pass or obsessed over Xbox achievements …
More:
GamesIndustry.biz, IGN, Video Games Chronicle, and Business Standard
| Financial Times: |
Sources: WhatsApp is struggling to sign up local partners for its business payments service in Brazil and is still awaiting approval from the central bank — Plan to allow users to send payments to companies via messaging app runs into clashes with partners
Tweets: @mattnavarra and @muradahmed
| Ivan Levingston / Bloomberg: |
Just Eat Takeaway says it is exploring a partial or full sale of Grubhub, less than one year after buying it for $7.3B — Just Eat Takeaway.com NV said it's considering a partial or full sale of its Grubhub unit less than a year after buying it for $7.3 billion, in a reversal that highlights …
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PYMNTS.com, The Irish Times, Just Eat Takeaway, Reuters, CNBC, Sky News, and The Guardian
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