Techmeme
April 28, 2022, 3:04 AM

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%+  —  Meta Platforms, Inc. (Nasdaq: FB) today reported nancial results for the quarter ended March 31, 2022.
Nelson Wang / CoinDesk:
Meta's Reality Labs division posts a $2.96B loss in Q1 2022, up from a $1.8B loss in Q4 2021, on revenue of $695M, and says Reality Labs has ~17,000 employees  —  Facebook's parent company reported revenue of $695 million for the division, which beat analysts' expectations.
Kurt Wagner / Bloomberg:
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
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:
Billy Perrigo / TIME:
Mitchell Clark / The Verge:
Google now accepts requests to remove Search results that include users' contact info, like physical addresses, phone numbers, and emails, and login credentials  —  If you put in a request and it agrees they're harmful  —  Google says it's expanding the types of personal information …
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 …
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.
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 …
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.
Joanna Stern / Wall Street Journal:
An overview of iPhone's autocorrect feature and how it has evolved, including an interview with Ken Kocienda, who created the iPhone's autocorrect software  —  Tpying truble?  During the iPhone's first 15 years, its keyboard software has evolved, but it still sometimes flubs your lines.
Lauren Kaori Gurley / VICE:
Internal email: Amazon now permanently lets its warehouse workers keep their cell phones while they work, after temporarily lifting its ban during the pandemic  —  The concession to warehouse workers follows the first union victory at an Amazon warehouse in US history.  —  Lauren Kaori Gurley
Saritha Rai / Bloomberg:
Infosys co-founder Nandan Nilekani, who helped develop the Aadhaar biometric ID system, is spearheading a government effort to build an open e-commerce network  —  He co-founded software powerhouse Infosys Ltd., became a billionaire and went on to spearhead a colossal government program …
Kim Masters / The Hollywood Reporter:
An in-depth look at what went wrong at Netflix; sources say VP of content Cindy Holland's departure in 2020 led to Netflix prioritizing quantity over quality  —  As rivals toggle between schadenfreude and fear, top creators and insiders are increasingly becoming vocal about what's gone wrong with the streaming giant's culture.
PYMNTS.com:
Ondo Finance, which is building a decentralized investment bank focused on stakeholders in DeFi, raises a $20M Series A led by Founders Fund and Pantera Capital  —  Ondo Finance has raised $20 million in a Series A funding round designed to support its project of “building a decentralized investment bank …
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Earlier Picks

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