Techmeme
April 19, 2022, 10:55 PM

Top News

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 25%+ 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.
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 …
Alex Weprin / The Hollywood Reporter:
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and that Netflix 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.
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 $43 billion pitch has put the social-media company in play  —  Apollo Global Management is considering participating …
Matt Levine / Bloomberg:
Samantha Cole / VICE:
Google's automated “inclusive warning” on Docs is very broken and annoying, like suggesting “landlord” may not be inclusive but making no notes about the N-word  —  A feature rolling out this month uses algorithms to suggest edits in Google Docs, but falls into the same bias traps it's trying to prevent.
Ryan Browne / CNBC:
Robinhood revives its UK expansion plans and agrees to acquire crypto app Ziglu, one of the few crypto companies to secure Financial Conduct Authority approval  —  - Robinhood has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies.
Kyle Alspach / VentureBeat:
Okta's probe into the January Lapsus$ 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 …
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  —  - 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.
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 …
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

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