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April 19, 2022, 7:50 PM
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| Emily McCormick / Yahoo Finance: |
Netflix reports losing 200K subscribers in Q1, vs. 2.5M net additions est., and revenue of $7.87B, vs. $7.95B est.; the stock is down 25%+ after hours — Netflix (NFLX) reported an unexpected decline in first-quarter net subscribers as the company navigated an exit from Russia and an increasingly saturated North American market.
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Netflix, CNBC, Daring Fireball, Variety, USA Today, 9to5Mac, Thurrott, MacRumors, Insider, and iPhone in Canada Blog
Tweets: @sherman4949, @lucas_shaw, @pkafka, @carnage4life, @htsfhickey, @lucas_shaw, @pkafka, @benedictevans, @mgsiegler, @jrawson, @randystg, @loudmouthjulia, @stevekovach, @adamnash, @carnage4life, @onejarednewman, @lucas_shaw, @ldignan, @danprimack, @jsphctrl, @thestalwart, @lucas_shaw, @jank0, @jyarow, and @kgreifeld
| Todd Spangler / Variety: |
Netflix estimates that its users are sharing passwords with 100M+ non-paying households globally, including 30M+ in the US and Canada, in violation of its rules — There's a whole lot of password-sharing going on across Netflix's customer base — and the streaming giant is eager to pocket …
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Tweets: @jtylerconway, @lucas_shaw, @elisasileb, @maxwindiff, @rakeshlobster, @michael_boamah, @sundeep, and @iamsteph
| Alex Weprin / The Hollywood Reporter: |
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and said Netflix will examine what those plans will look like “over the next year or two” — Co-CEO Reed Hastings revealed the move on an earnings call after the streaming giant disclosed it lost 200,000 subscribers during its most recent quarter.
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The Verge, TechCrunch, Bloomberg, CNBC, The Wrap, Variety, Deadline, The Streamable, and Cord Cutters News
Tweets: @film_girl, @film_girl, @alexweprin, @centristmadness, @wbm312, and @daveleeft
| Wall Street Journal: |
Sources: Twitter is expected to rebuff Musk's bid in the coming days; Apollo Global is considering participating in a bid, as are Morgan Stanley and Thoma Bravo — Elon Musk's $43 billion pitch has put the social-media company in play — Apollo Global Management is considering participating … | Matt Levine / Bloomberg: |
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Slate, Scrooge Capital, Forbes, NPR, Financial Times, Associated Press, Protocol, The Economic Times, HotHardware.com News, Seeking Alpha, CNBC, City A.M., PCMag, New York Times, Stratechery, KingArthur's Newsletter, and Axios
Tweets: @elonmusk, @elonmusk, @elonmusk, @therecount, @bobbyallyn, @chrisjbakke, @matt_levine, @chestermissing, @kurtwagner8, @jackposobiec, @jonnajarian, @matt_levine, @danprimack, @danprimack, @kantrowitz, @jamcnn, @davidjoachim, @modestproposal1, @tcarmody, @mikeisaac, @ivanthek, @bobonmarkets, @loudmouthjulia, @caseynewton, @trungtphan, @mslopatto, @jonathanglick, @derfleck, @stephenkinsella, @pkafka, and @lanceulanoff
| Ryan Browne / CNBC: |
Robinhood revives its UK expansion plans and agrees to acquire crypto app Ziglu, one of the few crypto companies to secure Financial Conduct Authority approval — - Robinhood has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies.
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Tweets: @robinhoodapp, @markhippo, @robinhoodcomms, @ryan_browne_, and @ryan_browne_
| Samantha Cole / VICE: |
Google's automated “inclusive warning” on Docs is very broken and annoying, like suggesting “landlord” may not be inclusive but making no notes about the N-word — A feature rolling out this month uses algorithms to suggest edits in Google Docs, but falls into the same bias traps it's trying to prevent.| Mike Masnick / Techdirt: |
A new study that specifically looked at political speech suggests Twitter's content moderation is biased against agreed-upon misinformation, not conservatives — from the if-you-don't-want-to-get-banned-stop- sharing-bullshit dept — Behold! An actually interesting academic study exploring whether …
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PsyArXiv Preprints. More:
Input, Mashable, and Reclaim The Net
Tweets: @dg_rand, @kfury, @tomcoates, @abbyayers1, @chrismegerian, @bardicvoice, @ajbauer, and @justinhendrix
| MIT Technology Review: |
A look at AI-powered surveillance in South Africa, powered by CCTV cameras, video analytics, and fiber internet; Vumacam operates 5,000+ cameras in Johannesburg — The cameras are not there yet. But the fiber already is. — Thami Nkosi points to the telltale black box atop a utility pole …
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MIT Technology Review and Fortune
Tweets: @_karenhao, @sophia_mjones, @vgalaz, @pulitzercenter, @locust9, @techreview, @techreview, @dlberes, @niallfirth, @campuscodi, and @pulitzercenter
| Alastair Gale / Wall Street Journal: |
Russia's war in Ukraine revives internet connectivity fears among some Asia-Pacific countries, should China sever undersea cables as part of an attack on Taiwan — Kyiv's successful use of internet to counter Moscow highlights Taiwan's reliance on undersea internet cables that China could cut
Tweets: @wsj, @joyuwang, @dnvolz, @jchengwsj, @jchengwsj, and @jchengwsj
| Kyle Wiggers / TechCrunch: |
Demostack, which offers a “demo experience” service for SaaS sales teams, raises a $34M Series B led by Tiger Global, bringing its total funding to $51.5M — Demostack, a San Francisco, California-based startup creating a “demo experience” platform for software-as-a-service …
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CTech, PRWeb, Geektime, and Globes Online
| Jordan Novet / CNBC: |
IBM beats in Q1 with revenue of $14.2B, up 7.7% YoY, vs. $13.85B est., including $5.77B from software, up 12% YoY, and $4.83B from consulting, up 13% YoY — - IBM beat consensus on the top and bottom lines. — The technology services company offloaded Watson health-care assets to a private-equity firm in the quarter.
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The Irish Times, Barron's Online, Bloomberg, MarketWatch, Wall Street Journal, Investor's Business Daily, WRAL TechWire, and IBM. Tweets: @patrickmoorhead
| Paul Vigna / Wall Street Journal: |
Many cryptocurrency stocks have fallen sharply in 2022: Coinbase is down ~40% year-to-date, Marathon Digital is down 30%+, and Riot Blockchain is down 30%+ — Coinbase is off 42% so far this year as trading volume sinks; Silvergate Capital, Marathon Digital and Riot Blockchain are down sharply as wellSponsor Posts
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