Techmeme
April 29, 2022, 9:25 AM

Top News

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 …
Rebecca Elliott / Wall Street Journal:
Filings: Elon Musk sold roughly $4B worth of Tesla stock in two days after agreeing to buy Twitter, at prices between $870 and $1,000 per share  —  The Tesla chief executive reported selling more than 4.4 million shares on Tuesday and Wednesday  —  Elon Musk sold roughly $4 billion worth …
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 …
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:
Romain Dillet / TechCrunch:
Snap announces Pixy, a $230 mini drone that can capture 2.7K videos and 12MP photos, syncs with Snapchat, and weighs 101g, available in the US and France  —  Meet Pixy, Snap's little flying companion.  Pixy is a mini drone that can act as a camera sidekick when you can't ask someone to take a video of you.
Alex Hern / The Guardian:
Joanna Stern / Wall Street Journal:
Romain Dillet / TechCrunch:
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:
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 …
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 …
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; stock drops 10%+  —  Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter …
Linda Sui / Strategy Analytics:
Strategy Analytics: global smartphone shipments fell 11% YoY in Q1; Samsung led the market with a 24% share, a five-year high, and Apple had an 18% share  —  According to new research from Strategy Analytics, global smartphone shipments fell -11% YoY to 314 million units in Q1 2022.

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Zoho:
Dataholics: The solution to bad data in CRM systems  —  This is a guest post by Dataholics.  Bad data in a CRM system can cause all sorts of problems for businesses, from decreased efficiency to lost sales opportunities.
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Techmeme Leaderboards:
Find the top reporters on AI, NFTs, VR, AR, VC and much more  —  We've analyzed Techmeme's news crawl data to identify the most influential writers on 46 topics.  Download reports immediately for just $100.  No sub needed!
Techmeme Ride Home:
(TWTR SPC) Are We In A Recession @noahpinion ?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:25 AM ET, April 29, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

New York Times:

Earlier Picks

Jordan Novet / CNBC:
Natasha Lomas / TechCrunch:
Abhijit Ahaskar / Livemint: