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April 20, 2022, 9:30 AM
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Top 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 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.
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.
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 …
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.
Financial Times:
Sources: Blackstone and Vista Equity Partners are not backing a Musk-led deal for Twitter, partly due to concerns on whether Twitter can become more profitable
Matt Levine / Bloomberg:
A look at corporate raider tactics requiring 51% of a company's stock, which tend to treat remaining minority shareholders poorly, amid Twitter's “poison pill”
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 …
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.
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.
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].
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) …
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.
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 …
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.
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 …
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 …
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

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This is a Techmeme archive page. It shows how the site appeared at 9:30 AM ET, April 20, 2022.

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From Mediagazer

Connor Hart / Wall Street Journal:
Hasbro launches Sixth Wall, an AI studio working with ElevenLabs and voice actors to create and license AI-native versions of its characters and franchises

Washington Post:
Two Stars and Stripes advisory board members sue the US Defense Department, saying new restrictions on the paper violate the First Amendment and federal law

Adam Rose / The Guardian:
Police at an NJ immigration center's protests treated media inconsistently; the US Press Freedom Tracker counted 30 assaults by officers on reporters in a week

More News

Earlier Picks

Jordan Novet / CNBC:
IBM beats in Q1 with revenue of $14.2B, up 7.7% YoY, vs. $13.85B est., including $5.77B from software, up 12% YoY, and $4.83B from consulting, up 13% YoY
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
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
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