May 7, 2020, 1:30 AM

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.
David Kaye / Just Security:
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
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
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 …
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 …
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:
Tom Warren / The Verge:
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 …
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 …
Times of India:
Report: India had 227M active internet users in rural areas, more than the 205M in urban areas, for the first time, as of November 2019  —  BENGALURU: For the first time, India has more internet users in rural areas than in urban cities.  The latest report by the Internet & Mobile Association of India …
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’.
Kyle Wiggers / VentureBeat:
GigaSpaces, which develops in-memory data analytics software, raises $12M led by Fortissimo Capital, bringing its total raised to $53M  —  GigaSpaces, a startup developing in-memory computing solutions for AI and machine learning workloads, today announced it raised $12 million.
More: Globes Online and MrWeb
Lucas Shaw / Bloomberg:
Internal document reveals Twitch is looking to fund a slate of original, unscripted series that would be live and interactive on dating, sports, music, and more  —  - Amazon unit will bankroll slate of unscripted series this year  — Use of Twitch has exploded during the coronavirus pandemic
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  —  The system's use of GPS data could let hackers pinpoint who reports a positive diagnosis.  —  As countries around the world rush to build smartphone apps …

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