Techmeme
April 27, 2022, 8:25 PM

Top News

Meta:
Meta reports Q1 revenue of $27.9B, up 7% YoY, net income of $7.5B, down 21% YoY, Family of Apps daily active people of 2.87B, up 6% YoY; stock jumps 19%+  —  MENLO PARK, Calif., April 27, 2022 /PRNewswire/ — Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022.
Daniel Howley / Yahoo Finance:
Meta reports Q1 ad revenue of $27B vs. $27.5B est., and says it expects FY 2022 expenses between $87B and $92B, less than the previously announced $90B to $95B  —  Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations for revenue, but falling short on earnings per share.
Kurt Wagner / Bloomberg:
Elizabeth Dwoskin / Washington Post:
Corin Faife / The Verge:
Study of 100 popular Twitter accounts: two days after Twitter accepted Elon Musk's bid, conservatives gained 17,229 followers on average and liberals lost 6,062  —  Social media data analyzed by The Verge shows conservative accounts winning and liberals losing out
Kurt Wagner / Bloomberg:
Filing: Elon Musk agreed not to post tweets about his Twitter deal that “disparage the company or any of its representatives”; the costs of a breach are unclear  —  Elon Musk isn't allowed to post tweets about his deal to buy Twitter Inc. if they “disparage the company …
Noah Bressner / Axios:
Lily Hay Newman / Wired:
Experts speculate as to what Elon Musk's takeover means for Twitter users' privacy; some worry that there is nothing stopping him from accessing users' DMs  —  The social network's user data and more will soon be at the whims of the world's richest man.  Who's worried?
Ellery Biddle / Coda Story:
A look at the impact outside the US if Twitter threw out its content rules and embraced an absolute commitment to free speech, including in India and Ethiopia  —  Musk's free speech absolutism could stoke conflict in countries like India and Ethiopia  —  While protest movements have risen and fallen …
Billy Perrigo / TIME:
Max Read / Read Max:
Ian Sherr / CNET:
Apple debuts Self Service Repair in the US for iPhone 12, iPhone 13, and new iPhone SE models, and plans to expand to Europe and add M1 Macs by the end of 2022  —  The tech giant says it's offering repair manuals online, along with giving everyday people the chance to buy parts and tools to repair devices themselves.
Tom Burt / Microsoft On the Issues:
Microsoft says at least six Russia-aligned actors launched 237+ cyberattacks against Ukraine from Feb. 23 to Apr. 8, including ~40 threatening civilian welfare  —  Tom Burt - Corporate Vice President, Customer Security & Trust  —  Today, we released a report detailing the relentless …
Cecilia D'Anastasio / Bloomberg:
Sources: Twitch is weighing reducing the subscription revenue cut for creators in its partner program from 70% to 50%, among other changes to boost its revenue  —  Twitch, the Amazon.com Inc.-owned live-streaming website, is weighing potential changes to how it pays top talent …
Mary Ann Azevedo / TechCrunch:
Sources: PayPal is closing its San Francisco office, which houses its Xoom unit, as it evaluates its global footprint; staff from the office will work virtually  —  PayPal is shuttering its San Francisco office as it evaluates its global office footprint.  —  Multiple sources say the payments giant …
William Turton / Bloomberg:
Sources: data obtained from Meta, Apple, Google, Snap, Discord, and others through fake legal requests have been used to harass women and sexually extort minors  —  Major technology companies have been duped into providing sensitive personal information about their customers in response …
BBC:
Central African Republic lawmakers vote unanimously to adopt bitcoin as legal tender, the second country to use bitcoin as official currency after El Salvador  —  The Central African Republic (CAR) has approved Bitcoin as legal tender - just the second country to do so.
Ashley Carman / Bloomberg:
Spotify Q1: revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subs rose 15% YoY to 182M, despite losing 1.5M in Russia; stock down 12%+  —  Spotify Technology SA has spent more than a billion dollars in an effort to become the No. 1 name in podcasting …

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Dell Cameron / Gizmodo: