Techmeme
April 29, 2022, 11:55 AM

Top News

Reuters:
Sources: Elon Musk has lined up a new CEO for Twitter and told banks about ideas for monetizing tweets like charging a fee for quoting or embedding tweets  —  Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive …
CNBC:
Filings: Elon Musk sold roughly $8.4B worth of Tesla shares this week after agreeing to buy Twitter  —  - Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission.
Adam Serwer / The Atlantic:
Right-wing users are celebrating Elon Musk buying Twitter not because of his “free speech” promises but because of the right-wing populist agenda it could serve  —  Conservatives on Twitter have greeted Elon Musk as a liberator.  The mega-billionaire is in the process of purchasing …
Bloomberg:
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs  —  As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused …
Business Wire:
Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5%  —  Revenue up 9 percent to new March quarter record  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Apple Q2 revenue: $50.57B from iPhone, up 5.5% YoY, $10.44B from Mac, up 14.7% YoY, $7.65B from iPad, down 1.9% YoY, and $8.8B from other products, up 12.4% YoY  —  - Apple's revenue grew nearly 9% year over year during the quarter ended in March.  — But shares fell nearly 4% …
Reuters:
Devin Coldewey / TechCrunch:
Airbnb says its employees can work from home or the office moving forward and their compensation won't change if they move, unless it's to a different country  —  Airbnb is going all in on the “live anywhere, work anywhere” philosophy that much of the business world has been forced to adopt …
Tracy Qu / South China Morning Post:
Sources: China is preparing to end the regulatory crackdown over big tech and give the sector a bigger role to help boost the ailing economy  —  A symposium involving Chinese Big Tech has been scheduled after the Labour Day holiday to assure business leaders on the new direction …
Jennifer Pattison Tuohy / The Verge:
Report finds Amazon and third parties collect data from interactions with Alexa through Echo speakers and share it with as many as 41 advertising partners  —  Amazon and third parties use data from smart speakers to sell you stuff, says report  —  A report released last week contends …
Yueqi Yang / Bloomberg:
Goldman Sachs has extended its lending service to offer cash loans using Bitcoin as collateral, signalling Wall Street is further embracing cryptocurrencies  —  Goldman Sachs Group Inc. offered its first ever lending facility backed by Bitcoin, in a significant step for a major U.S. bank …
Business Wire:
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.
Annie Palmer / CNBC:
Alex Hern / The Guardian:
Joanna Stern / Wall Street Journal:
Romain Dillet / TechCrunch:
Romain Dillet / TechCrunch:
Kate Clark / The Information:
Sources: Palmer Luckey's AI-powered defense tech startup Anduril is raising a $500M-$1B Series E at a $7B valuation, up from $4.6B about a year ago  —  Anduril Industries, a startup that sells artificial intelligence-powered defense technology, is raising capital that could propel …
Jesse Pound / CNBC:
Robinhood reports Q1 revenue down 43% YoY to $299M, vs. $355.8M est., net loss of $392M, down from $1.4B YoY, 15.9M MAUs, down from 17.7M YoY  —  Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom …

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