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April 19, 2022, 5:20 PM
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| Emily McCormick / Yahoo Finance: |
Netflix reports losing 200K subscribers in Q1, vs. 2.5M net additions est., and revenue of $7.87B, vs. $7.95B est.; the stock is down 24%+ after hours — 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, Bloomberg, Insider, Variety, Engadget, Deadline, Financial Times, WRAL TechWire, and Wall Street Journal
| Todd Spangler / Variety: |
Netflix estimates that its service is being shared with more than 100M non-paying households worldwide, including 30M+ in the US and Canada — There's a whole lot of password-sharing going on across Netflix's customer base — and the streaming giant is eager to pocket a big chunk of change from the freeloading masses.
More:
The Hollywood Reporter, CNET, and The Verge
Tweets: @maxwindiff, @rakeshlobster, @michael_boamah, and @sundeep
| Wall Street Journal: |
Sources: Twitter is expected to rebuff Musk's bid in the coming days; Apollo Global is considering participating in a bid, as are Morgan Stanley and Thoma Bravo — Elon Musk's $43 billion pitch has put the social-media company in play — Apollo Global Management is considering participating …
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Financial Times, SiliconANGLE, Fortune, CNBC, Wccftech, Winvesta Crisps, Bloomberg, Insider, Benzinga, Reuters, PitchBook, TheStreet, New York Times, Channel Futures, CNN, The Block, Slashdot, and The Economic Times
Tweets: @trungtphan, @samro, @film_girl, @sawyermerritt, @sonalibasak, @biancoresearch, @tayhatmaker, @danprimack, @ntkris, @loudmouthjulia, and @pkafka
| Matt Levine / Bloomberg: |
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Scrooge Capital, NPR, Forbes, Protocol, Financial Times, Associated Press, The Economic Times, Seeking Alpha, HotHardware.com News, CNBC, City A.M., New York Times, PCMag, Stratechery, Axios, KingArthur's Newsletter, New York Post, and Insider
Tweets: @elonmusk, @elonmusk, @therecount, @elonmusk, @bobbyallyn, @chrisjbakke, @chestermissing, @matt_levine, @kurtwagner8, @jackposobiec, @jonnajarian, @matt_levine, @danprimack, @danprimack, @kantrowitz, @jamcnn, @davidjoachim, @modestproposal1, @tcarmody, @mikeisaac, @ivanthek, @bobonmarkets, @loudmouthjulia, @caseynewton, @trungtphan, @mslopatto, @jonathanglick, @derfleck, @stephenkinsella, and @lanceulanoff
| Mike Masnick / Techdirt: |
A new study that specifically looked at political speech suggests Twitter's content moderation is biased against agreed-upon misinformation, not conservatives — from the if-you-don't-want-to-get-banned-stop- sharing-bullshit dept — Behold! An actually interesting academic study exploring whether …
Source:
PsyArXiv Preprints. More:
Input, Mashable, and Reclaim The Net
Tweets: @dg_rand, @tomcoates, @abbyayers1, @chrismegerian, @bardicvoice, @ajbauer, and @justinhendrix
| MIT Technology Review: |
A look at AI-powered surveillance in South Africa, powered by CCTV cameras, video analytics, and fiber internet; Vumacam operates 5,000+ cameras in Johannesburg — The cameras are not there yet. But the fiber already is. — Thami Nkosi points to the telltale black box atop a utility pole …
More:
MIT Technology Review and Fortune
Tweets: @_karenhao, @sophia_mjones, @vgalaz, @pulitzercenter, @locust9, @techreview, @techreview, @dlberes, @niallfirth, @campuscodi, and @pulitzercenter
| Ryan Browne / CNBC: |
Robinhood revives its UK expansion plans after agreeing to buy 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, Forbes, CoinDesk, Financial Times, PYMNTS.com, Cryptopolitan, Cointelegraph, Finextra, Waivly, and AltFi. Tweets: @ryan_browne_
| Samantha Cole / VICE: |
Google's automated “inclusive warning” on Docs is very broken and annoying, like suggesting “landlord” may not be inclusive but making no notes about the N-word — A feature rolling out this month uses algorithms to suggest edits in Google Docs, but falls into the same bias traps it's trying to prevent.| Alastair Gale / Wall Street Journal: |
Russia's war in Ukraine revives internet connectivity fears among some Asia-Pacific countries, should China sever undersea cables as part of an attack on Taiwan — Kyiv's successful use of internet to counter Moscow highlights Taiwan's reliance on undersea internet cables that China could cut
Tweets: @wsj, @joyuwang, @dnvolz, @jchengwsj, @jchengwsj, and @jchengwsj
| Paul Vigna / Wall Street Journal: |
Many cryptocurrency stocks have fallen sharply in 2022: Coinbase is down ~40% year-to-date, Marathon Digital is down 30%+, and Riot Blockchain is down 30%+ — Coinbase is off 42% so far this year as trading volume sinks; Silvergate Capital, Marathon Digital and Riot Blockchain are down sharply as well| Jordan Novet / CNBC: |
IBM beats in Q1 with revenue of $14.2B, up 7.7% YoY, vs. $13.85B est., and its software segment bringing in $5.77B in revenue, up 12% YoY, vs. $5.63B est. — - IBM beat consensus on the top and bottom lines. — The technology services company offloaded Watson health-care assets to a private-equity firm in the quarter.| Umar Shakir / The Verge: |
DuckDuckGo CEO Gabriel Weinberg says reports of the search engine removing piracy websites are “made up” and says its site:operator function is having issues — Blank site search results for The Pirate Bay gave users reason to believe otherwise
Source:
@yegg and @yegg. More:
Slashdot, TorrentFreak, TechRadar, PCMag, and TechRadar
Tweets: @torrentfreak, @yegg, @yegg, and @cocoaphony
| Mary Ann Azevedo / TechCrunch: |
Brex acquires Pry Financials, a financial planning software startup with ~10 employees, for $90M; Pry raised a $4.2M seed in August 2021 from YC and others — In line with its April 13 announcement that it's making a “big push” into software, Brex has acquired Y Combinator-backed Pry Financials …
Tweets: @_aj
| Jacquelyn Melinek / TechCrunch: |
BlockApps, which is building the enterprise-focused Strato blockchain, raises $41M led by Liberty City Ventures, bringing its total funding to $50M — While the digital asset industry has brought in some skeptics over the past couple years, investors are hoping that crypto startups … | Alexander Osipovich / Wall Street Journal: |
Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren't backed by any assets at all — Algorithmic stablecoins that use financial engineering to link their value to the dollar have surged in popularity
More:
Bloomberg and Recovering's Newsletter
Tweets: @aosipovich, @stablekwon, @wsjrisk, and @ddisparte
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