Techmeme
April 20, 2022, 12:00 PM

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 opens down 30%+  —  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:
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.
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.
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:
Matt Levine / Bloomberg:
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.
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 …
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].
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 $7.3 billion, in a reversal that highlights …
Kyle Alspach / VentureBeat:
Okta's probe into the January Lapsus$ 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 …
Benoit Berthelot / Bloomberg:
Filings: Amazon's Luxembourg-based European business lost €1.2B in 2021, meaning it paid no income tax and received €1B in tax credits, on €51.3B in sales  —  Amazon.com Inc.'s main European retail business reported 1.2 billion euros ($1.2 billion) of losses in 2021 …
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
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.

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