May 4, 2022, 1:30 PM

Top News

Jessica Bursztynsky / CNBC:
Uber Q1: $6.85B revenue, up 136% YoY, net loss of $5.9B due to equity investments, gross bookings of $26.4B, up 35%, mobility revenues crossed delivery revenues  —  - Uber reported first-quarter earnings before the bell Wednesday.  — Mobility revenues have finally surpassed delivery revenues, as travel rebounds.
Paul Vigna / Wall Street Journal:
NonFungible: NFT sales fell 92% to a ~19K daily average this week from a ~225K peak in September 2021; active wallets fell 88% to ~14K from a November 2021 high  —  Is this the beginning of the end of NFTs?  —  1x  —  The NFT market is collapsing.  —  The sale of nonfungible tokens …
Kyle Alspach / Protocol:
GitHub will require developers who contribute code to use two-factor authentication by the end of 2023; just 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 …
Nilay Patel / The Verge:
An interview with Tony Fadell on his new book, Google's “culture of perks”, developing the iPod and iPhone, why he says “fuck the metaverse”, and more  —  Tony Fadell was instrumental in the development of the iPod and iPhone at Apple and then co-founded Nest Labs …
Matt Milano / Android Authority:
Samsung unveils Universal Flash Storage 4.0, claiming double the speed of UFS 3.1, making it ideal for 5G phones, and sets mass production for Q3 2022  —  5G smartphones are about to get much faster.  —  TL;DR  — Samsung's UFS 4.0 flash storage will offer twice the performance of 3.1.
Kyle Wiggers / TechCrunch:
Tailscale, which provides an enterprise mesh VPN service built on the open source WireGuard protocol, raises a $100M Series B at a $1B+ valuation  —  Zero trust security is an emerging paradigm in enterprise IT.  It means that no one is trusted by default from inside or outside a network …
Wall Street Journal:
Sources: Elon Musk told potential investors in his Twitter deal he plans to stage an IPO of the company in as little as three years after taking it private  —  Tesla chief has been speaking to investors including private-equity firms about participating in deal
Sarah Perez / TechCrunch:
TikTok will launch Pulse, its first ad product with a revenue share program, in the US in June 2022, for eligible creators and publishers with 100K+ followers  —  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.
Ingrid Lunden / TechCrunch:
Prisma, whose open-source Prisma ORM, launched in 2021, is used by 150K+ developers for Node.js and TypeScript projects, raises a $40M Series B led by Altimeter  —  When it comes to building databases and other backend software development, different organizations and developers do not always speak the same language.
More: Prisma

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Earlier Picks

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Wall Street Journal: