April 28, 2022, 4:23 AM

Top News

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 15%+  —  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:
Facebook's daily active users grew 1.6% QoQ to 1.96B in Q1 2022, vs. 1.94B est., a return to growth after Facebook's first-ever QoQ user decline in Q4 2021  —  Facebook's main social network added more users than projected in the first quarter, potentially staving off concerns that the company …
Aisha Malik / TechCrunch:
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 …
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:
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 …
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
Samsung reports Q1 operating profit of ~$11.1B, up 51% YoY, on revenue of ~$61.4B, up 19% YoY, driven by memory chip revenue of ~$21.23B, up 39% YoY  —  Samsung Electronics Co Ltd (005930.KS) reported a 51% rise in quarterly profit on Thursday, posting its highest first-quarter profit since 2018 …
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 …
Ondo Finance, which is building a decentralized investment bank focused on DeFi stakeholders, 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 …
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.
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 …
Joanna Stern / Wall Street Journal:
An overview of the iPhone's autocorrect feature and how it has evolved, including an interview with Ken Kocienda, who created the autocorrect keyboard software  —  Tpying truble?  During the iPhone's first 15 years, its keyboard software has evolved, but it still sometimes flubs your lines.
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.
Kim Masters / The Hollywood Reporter:
What went wrong at Netflix: sources say VP of content Cindy Holland's departure in 2020 let chief content officer Ted Sarandos prioritize 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.

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