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May 4, 2022, 12:30 PM
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Top News

Paul Vigna / Wall Street Journal:
NonFungible: NFT sales fell 92% to a ~19K daily average this week from a ~225K peak in September 2021; active wallets fell 88% to ~14K from a November 2021 high  —  Is this the beginning of the end of NFTs?  —  1x  —  The NFT market is collapsing.  —  The sale of nonfungible tokens …
Jessica Bursztynsky / CNBC:
Uber Q1: $6.85B revenue, up 136% YoY, net loss of $5.9B due to equity investments, gross bookings of $26.4B, up 35%, mobility revenues crossed delivery revenues  —  - Uber reported first-quarter earnings before the bell Wednesday.  — Mobility revenues have finally surpassed delivery revenues, as travel rebounds.
Matt Milano / Android Authority:
Samsung unveils Universal Flash Storage 4.0, claiming double the speed of UFS 3.1, making it ideal for 5G phones, and sets mass production for Q3 2022  —  5G smartphones are about to get much faster.  —  TL;DR  — Samsung's UFS 4.0 flash storage will offer twice the performance of 3.1.
Wall Street Journal:
Sources: Elon Musk told potential investors in his Twitter deal he plans to stage an IPO of the company in as little as three years after taking it private  —  Tesla chief has been speaking to investors including private-equity firms about participating in deal
Nilay Patel / The Verge:
An interview with Tony Fadell on his new book, Google's “culture of perks”, developing the iPod and iPhone, why he says “fuck the metaverse”, and more  —  Tony Fadell was instrumental in the development of the iPod and iPhone at Apple and then co-founded Nest Labs …
Juli Clover / MacRumors:
Twitter tests Twitter Circle, a feature for sharing tweets with up to 150 people, rather than publicly, similar to Instagram's Close Friends sharing option  —  Twitter today announced that it is testing a new Twitter Circle feature, which is designed to allow people to share their tweets with a smaller crowd.
Ingrid Lunden / TechCrunch:
Prisma, whose open-source Prisma ORM, launched in 2021, is used by 150K+ developers for Node.js and TypeScript projects, raises a $40M Series B led by Altimeter  —  When it comes to building databases and other backend software development, different organizations and developers do not always speak the same language.
More: Prisma

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:30 PM ET, May 4, 2022.

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

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

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

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

More News

Joseph Cox / VICE:
SafeGraph says it will stop selling the location data of visitors to Planned Parenthood and other family planning centers “to curtail any potential misuse”
Meir Orbach / CTech:
Imagene AI, whose AI tech can help detect cancerous biomarkers directly from a digitized biopsy image, raises a $18.5M Series A from Larry Ellison and others

Earlier Picks

Jackie Davalos / Bloomberg:
Lyft reports Q1 revenue of $875.6M, up 44% YoY, vs $844.5M est., and a net loss of $196.9M, but misses on 17.8M active riders, vs 18M expected; stock down 30%+
Reuters:
Match Group Q1: revenue of $799M, up 20% YoY, vs $794M est., operating income up 10% YoY to $208M; Zynga President Bernard Kim named CEO, replacing Shar Dubey
Kif Leswing / CNBC:
AMD Q1: revenue grew 71% YoY to $5.89B, including $2.8B from Computing and Graphics, up 33% YoY, and $2.5B from Enterprise, Embedded and Semi-Custom, up 88% YoY
Jessica Bursztynsky / CNBC:
Airbnb Q1: nights and experiences up 59% YoY to 102.1M, vs 100.9M est., revenue up 70% YoY to $1.51B, vs $1.45B est., and a $19M net loss, down from $1.2B YoY
Wall Street Journal:
The SEC plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, created in September 2017 to investigate fraud, taking it to 50 staff
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