Techmeme
April 29, 2022, 2:45 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 for his “free speech” promises but because he could make the platform serve their populist agenda  —  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 plans to end its regulatory crackdown on the country's Big Tech companies and give internet platforms a bigger role to boost its 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 partners for ad targeting  —  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 …
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:
Annie Palmer / CNBC:
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 …
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:
Romain Dillet / TechCrunch:
Yueqi Yang / Bloomberg:
Robinhood reports Q1 2022 crypto revenue rose 13% QoQ to $54M, but down 39% from $88M in Q1 2021, missing analyst estimates of $56.1M amid market uncertainty  —  Robinhood Markets Inc. said users have become more cautious about their investments this year amid a challenging macro environment …
Jesse Pound / CNBC:

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