Techmeme
April 29, 2022, 9:55 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:
Alex Hern / The Guardian:
Romain Dillet / TechCrunch:
Joanna Stern / Wall Street Journal:
Romain Dillet / TechCrunch:
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 …
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 …
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 …
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 …
More: dot.LA
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.

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