Techmeme
May 4, 2022, 6:10 PM

Top News

Stephen Totilo / Axios:
NYC employees' pension funds sue Activision Blizzard, alleging CEO Bobby Kotick rushed the Microsoft deal to escape liability for misconduct at his company  —  Activision CEO Bobby Kotick rushed to secure a takeover bid from Microsoft in order to escape liability for misconduct at the company …
Chris Welch / The Verge:
Sources: Sonos plans to launch a voice assistant for playing music in the US on June 1 that supports Apple Music, Amazon Music, Pandora, Deezer, and Sonos Radio  —  Sonos will roll out its most important service yet on June 1st  —  Sonos is preparing to introduce its own voice assistant service within …
Greg Iacurci / CNBC:
Intuit agrees to pay $141M in restitution to nearly 4.4M US customers charged for using the TurboTax Free Edition, in a settlement with all 50 states and DC  —  - Intuit, which owns TurboTax, has agreed to pay $141 million in restitution to 4.4 million low-income customers who were charged …
Jessica Bursztynsky / CNBC:
Uber Q1: revenue up 136% YoY to $6.85B, a $5.9B net loss due to equity investments, gross bookings up 35% to $26.4B, and mobility revenue beat delivery revenue  —  - Uber reported first-quarter earnings before the bell Wednesday.  — Mobility revenues have finally surpassed delivery revenues, as travel rebounds.
Kyle Alspach / Protocol:
GitHub plans to require two-factor authentication for developers who contribute code by the end of 2023; ~16.5% of active GitHub users currently use 2FA  —  GitHub announced that it will require developers who contribute code to the repository to use two-factor authentication by the end of 2023 …
Benjamin Pimentel / Protocol:
Sarah Perez / TechCrunch:
TikTok plans to launch Pulse, its first ad product with revenue sharing, in June 2022, offering US creators and publishers with 100K+ followers a 50/50 split  —  TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok.
Nilay Patel / The Verge:
A Q&A with Tony Fadell on his new book, Google's “culture of perks”, why he says “fuck the metaverse”, creating and selling the iPod, iPhone, and Nest, and more  —  Tony Fadell was instrumental in the development of the iPod and iPhone at Apple and then co-founded Nest Labs …
Chris Ciaccia / Seeking Alpha:
Twilio Q1: revenue up 48% YoY to $875.4M, a $217.8M loss from operations, vs $197.3M YoY, 268K active customer accounts, up from 235K YoY, and slowing Q2 growth  —  Twilio (NYSE:TWLO) shares rose 5% after the customer engagement software company posted first-quarter results that beat expectations …
More: Twilio
Kyle Wiggers / TechCrunch:
Tailscale, which offers an enterprise mesh VPN service on the open-source WireGuard protocol, raises a $100M Series B at a $1B+ valuation led by CRV and Insight  —  Zero trust security is an emerging paradigm in enterprise IT.  It means that no one is trusted by default from inside or outside …
Jeremy C. Owens / MarketWatch:
Etsy reports Q1 revenue of $579M, up just 5.2% YoY, vs $576M est., with Q2 revenue guidance of $540M to $590M, under $627M est.; stock drops 11%+  —  Despite beating expectations for earnings and revenue in the first quarter after raising rates for sellers on the platform, Etsy executives predict a downturn in the second quarter
Kaya Yurieff / The Information:
Source: Cameo plans to lay off 80+ employees, or about 25% of its workforce; CEO Steven Galanis says the cuts will “balance our costs with our cash reserves”  —  Cameo, an app that became a pandemic darling by letting people pay celebrities to send them customized video greetings …

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