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April 20, 2022, 12:00 PM
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memeorandum
WeSmirchTop News
| 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 opens down 30%+ — 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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CNBC, Netflix Investor Relations, CNBC, Bloomberg, CNN, Bloomberg, The Register, Variety, XDA Developers, MSPoweruser, WRAL TechWire, Philip Elmer‑DeWitt, Fortune, Gizmodo, Fast Company, Newslit Daily, Variety, and Financial Times
Tweets: @trungtphan, @willoremus, @levynews, @lucas_shaw, @sherman4949, @pkafka, @digitalshields, @fintechfrank, @lucas_shaw, @carnage4life, @nivie, @lucas_shaw, @lucas_shaw, @film_girl, @film_girl, @kantrowitz, @htsfhickey, @film_girl, @teroterotero, @jamesrbuk, @lucas_shaw, @film_girl, @carnage4life, @film_girl, @jimcramer, @pkafka, @benedictevans, @jrawson, @randystg, @mgsiegler, @mattlanza, @loudmouthjulia, @stevekovach, @adamnash, @pkedrosky, @carnage4life, @jank0, @danprimack, @jsphctrl, @kgreifeld, @onejarednewman, @ldignan, @thestalwart, @jyarow, and @lucas_shaw
| 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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CNBC, Engadget, The Verge, PCMag, iMore, Axios, The Information, Variety, Tom's Guide, IGN, TheGamer, Android Central, Android Headlines, MSPoweruser, Pricebaba.com Daily, iPhone in Canada Blog, Hollywood Reporter, Gameranx, Insider, TNW, Deadline, TechCrunch, The Streamable, The Wrap, GSMArena.com, Bloomberg, and Pocket-lint
| Todd Spangler / Variety: |
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The Hollywood Reporter, MacRumors, CNBC, AppleInsider, CNET, Techhive.com, TechCrunch, The Verge, Android Headlines, The Overspill, SiliconANGLE, Deadline, Pocket-lint, PCMag, TechRadar, Axios, and Appleosophy
Tweets: @sub8u, @tinch, @lucas_shaw, @alexweprin, @sherman4949, @jtylerconway, @elisasileb, @maxwindiff, @rakeshlobster, @michael_boamah, @iamsteph, and @sundeep
| Yogita Khatri / The Block: |
Coinbase launches its NFT marketplace in beta, after announcing the service in October 2021, with support for Ethereum-based NFTs and ETH payments — Quick Take Coinbase NFT has gone live in beta form. It currently supports Ethereum-based NFTs and payments in ETH.
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TechCrunch, Forbes, Bloomberg, Finextra, Decrypt, CoinDesk, Billboard, CryptoPotato, Coinspeaker, Cryptonews, Waivly, CoinJournal, Fast Company, Cointelegraph, and Quartz
| 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.
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Vox. Tweets: @bigblackjacobin, @nytimes, @old_school_lib, @workmj, @issielapowsky, @nytimesbusiness, @puiwingtam, @margaretomara, @eringriffith, @patrickmcgee_, @hdubugras, and @dealbook
| 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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Bloomberg, Livemint, New York Post, Bloomberg, The Irish Times, CoinDesk, The “I” of an Investor, The Economic Times, and Insider
Tweets: @danprimack, @coreypein, @laurenshirsch, @coreypein, and @mikeisaac
| Financial Times: |
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Transistori, Insider, Bloomberg, Social Media Today, The Information, and SiliconANGLE
| Matt Levine / Bloomberg: |
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TNW, The Hill, Coinspeaker, Decrypt, and Los Angeles Times
Tweets: @elonmusk, @therecount, @elonmusk, @elonmusk, @lanceulanoff, @reckless, @chestermissing, and @biancoresearch
| 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.
| 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) … | 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 … | 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].
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CyberScoop, ZDNet, Threatpost, The Register, Digital Trends, Neowin, Developer Tech News, iTnews, PCMag, and Bloomberg
Tweets: @yarden_shafir, @campuscodi, @msuiche, @gazthejourno, @k8em0, @chompie1337, and @howelloneill
| 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 …
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Brave Browser, TechCrunch, XDA Developers, iMore, MacRumors, Engadget, Fossbytes, Cryptonews, TechCircle, gHacks Technology News, ZDNet, WRAL TechWire, Thurrott, Liliputing, and PCMag
Tweets: @brave, @andreapernici, and @blowdart
| 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 $7.3 billion, in a reversal that highlights …
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Protocol, Financial Times, Reuters, Silicon Republic, Quartz, The Irish Times, PYMNTS.com, CNBC, Silicon Canals, Just Eat Takeaway, The Guardian, Coinspeaker, and Sky News
Tweets: @peter_tl, @sarahroach_, @sarthakgh, and @shiraovide
| Kyle Alspach / VentureBeat: |
Okta's probe into the January Lapsus$ 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 …
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Okta Inc., Silicon Republic, Engadget, Infosecurity, The Hacker News, GovInfoSecurity, Mobile ID World, Dow Jones Newswires, ZDNet, and SecurityWeek
Tweets: @malwarejake, @aidaakl, @arekfurt, @cipherstorm, @landryst, and @campuscodi
| 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 …
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OnMSFT.com, IGN, Video Games Chronicle, GamesIndustry.biz, and The Verge
| Benoit Berthelot / Bloomberg: |
Filings: Amazon's Luxembourg-based European business lost €1.2B in 2021, meaning it paid no income tax and received €1B in tax credits, on €51.3B in sales — Amazon.com Inc.'s main European retail business reported 1.2 billion euros ($1.2 billion) of losses in 2021 … | Dan Gallagher / Wall Street Journal: |
FactSet survey of Q1 ad revenue: Google is expected to rise 23% YoY to $55.1B, Meta is expected to rise 8% YoY to ~$27.5B, and Twitter to grow 25% YoY to $1.1B — Google's search business expected to stay resilient while social platforms grapple with challenges
Tweets: @megancgraham, @csooran, @enriqueabeyta, @hoofnagle, @jason_kint, and @jason_kint
| 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.
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Under the Hood, Silicon Republic, Financial Times, CoinQuora, Waivly, Coinspeaker, crypto.news, Crowdfund Insider, Bitcoin News, Axios, Dow Jones Newswires, City A.M., The Times, Barron's Online, BeInCrypto, Finance Magnates, Forkast, ZyCrypto, Payments Dive, Benzinga, Cryptopolitan, and Forbes
Tweets: @robinhoodapp, @markhippo, @robinhoodcomms, @ryan_browne_, and @ryan_browne_
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