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May 4, 2022, 5:55 PM
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| 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 …
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Ars Technica, TheStreet, GamesIndustry.biz, Game Developer, Engadget, PC Gamer, Protocol, MobileSyrup, GamingBolt, Dexerto, dot.LA, IGN, Kotaku, GameSpot, Windows Central, Polygon, Video Games Chronicle, Digital Trends, TheGamer, Dot Esports, Twinfinite, and OnMSFT.com
Tweets: @stephentotilo, @nickstatt, @hoeglaw, and @drwallkick
| 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 …
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NY State Attorney General, Associated Press, Intuit, Reuters, Ars Technica, Insider, ProPublica, PCMag, Protocol, Axios, Forbes, Bloomberg, CNN, Texas Attorney General, and Substack
Tweets: @kantrowitz, @newjerseyoag, @paattorneygen, @newyorkstateag, @stevenbeynon, @gregiacurci, @kyoag, and @agowa
| 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.
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Uber, Bloomberg, New York Times, Wall Street Journal, Financial Times, TechCrunch, Engadget, Coinspeaker, Gizmodo, Bloomberg, PYMNTS.com, Financial Times, Benzinga, and MarketWatch
Tweets: @lancehasson, @tomgara, @dee_bosa, and @stevekovach
| 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 …
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The GitHub Blog, TechCrunch, VentureBeat, Thurrott, The Record, InfoWorld, BleepingComputer, CSO, ZDNet, The Verge, Developer Tech News, and TechRepublic
Tweets: @film_girl and @stshank
| 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.
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TikTok, Engadget, 9to5Mac, The Verge, Protocol, Social Media Today, Variety, Tubefilter, and Ad Age
Tweets: @shiraovide, @tiktokcomms, @glenngabe, and @asilbwrites
| Benjamin Pimentel / Protocol: |
Governor Newsom signs an EO to “create a transparent regulatory and business environment for Web3 companies”, directing state agencies to recommend next steps — California, home to crypto powerhouses like Coinbase and Ripple, is taking Web3 more seriously.
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California Governor, CNBC, Bitcoin Magazine, Decrypt, CoinDesk, and Cointelegraph
Tweets: @cagovernor, @danagibber, @iancalderon, @lindapjones, @gladstein, @govpressoffice, @sbf_ftx, @milesjennings, @crypto_council, @ronconway, and @snowjake
| 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 …
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MacRumors, Apple Books, Wired, Fast Company, iPhone in Canada Blog, Insider, and Protocol
Tweets: @tfadell, @mhbergen, @tfadell, @tfadell, @jp2e, @stevemoser, @stevemoser, @tfadell, @fixthekerning, @tfadell, @chrismckillop, @tfadell, and @moskowitz
| Tomio Geron / Protocol: |
Robinhood launches Stock Lending, which gives retail investors the option to let Robinhood lend out any fully paid stocks in their portfolio for extra income — Small investors will be able to lend out stocks that they own on Robinhood through a new service at the upstart brokerage.
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Under the Hood, PYMNTS.com, and Bloomberg
Tweets: @dz, @tbohen, @mampillyguru, @chrismessina, and @caseynewton
| Eva Mathews / Reuters: |
Dish launches its standalone 5G service in Las Vegas, eight months after its planned September 2021 debut, for $30/month and plans to reach 120 markets by June — Dish Network Corp (DISH.O) launched its 5G service to consumers in Las Vegas on Wednesday after several months of delays …
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CNET, Axios, Bloomberg, Mobile World Live, ZDNet, and Digital Trends
| Ingrid Lunden / TechCrunch: |
Stripe launches Financial Connections to let its customers pull their users' banking data directly, debuting first in the US for $0.10 to $1.50 per API call — Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced … | 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 …
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Twilio
| Kourtnee Jackson / CNET: |
Google removed 3.4B ads and 5.6M+ advertiser accounts in 2021, after implementing a three-strikes rule for deceitful practices, dangerous products, and more — The company aims to protect users by getting rid of abusive advertising behaviors. — Kourtnee Jackson| Kyle Wiggers / TechCrunch: |
Mosyle, which offers a mobile device management system for Apple devices, raises a $196M Series B led by Insight Partners, bringing its total funding to $248.1M — Moysle, a mobile device management platform for Apple devices, today announced that it raised $196 million in a Series B funding round led …
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9to5Mac, CRN, VentureBeat, Computerworld, and Crunchbase News
| 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 …
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Tailscale, FinSMEs, VentureBeat, BetaKit, and SiliconANGLE
Tweets: @accel, @kennwhite, @jillwohlner, @film_girl, @apenwarr, @__tosh, @bradfitz, and @jesserobbins
| 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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Chicago Business Journal
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