Techmeme
April 29, 2022, 2:10 PM

Top News

Reuters:
Sources: Elon Musk has a new Twitter CEO lined up and offered monetizing ideas, like charging websites for quoting or embedding tweets from verified accounts  —  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 …
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 …
CNBC:
Filings: Elon Musk sold ~$8.4B worth of Tesla stock in the days after his bid to take Twitter private; on Thursday, Musk tweeted “No further TSLA sales planned”  —  - Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private …
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 …
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 …
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 …
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:
Annie Palmer / CNBC:
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:
Reuters:
Jay Peters / The Verge:
Epic Games, which acquired Bandcamp in March, asks a court to bar the app's removal from the Play Store if it doesn't implement Google Play Billing by June  —  Epic opens a new line of assault against Google payments  —  Epic Games has filed a motion for a preliminary injunction to stop Google …
Romain Dillet / TechCrunch:
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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Jordan Novet / CNBC: