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April 19, 2022, 10:35 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, PYMNTS.com, Variety, Daring Fireball, USA Today, dot.LA, 9to5Mac, Thurrott, Insider, and iPhone in Canada Blog
Tweets: @sherman4949, @lucas_shaw, @pkafka, @jamesrbuk, @teroterotero, @jimcramer, @film_girl, @film_girl, @film_girl, @film_girl, @film_girl, @lucas_shaw, @lucas_shaw, @stevekovach, @onejarednewman, @htsfhickey, @lucas_shaw, @carnage4life, @ldignan, @danprimack, @adamnash, @carnage4life, @benedictevans, @mgsiegler, @loudmouthjulia, @jsphctrl, @thestalwart, @mattlanza, @jank0, @jyarow, @pkafka, @lucas_shaw, @pkedrosky, @jrawson, @randystg, 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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AppleInsider, The Hollywood Reporter, MacRumors, CNET, CNBC, TechCrunch, Gizmodo, Appleosophy, PCMag, Deadline, TechRadar, The Verge, The Streamable, Digital Trends, and BGR
Tweets: @rakeshlobster, @michael_boamah, @lucas_shaw, @elisasileb, @sundeep, @iamsteph, @maxwindiff, and @jtylerconway
| Alex Weprin / The Hollywood Reporter: |
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and that 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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Tweets: @film_girl, @daveleeft, @alexweprin, @centristmadness, @wbm312, and @film_girl
| 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 … | Financial Times: |
Sources: Blackstone and Vista Equity Partners are not backing a Musk-led deal for Twitter, partly due to concerns on whether Twitter can become more profitable — Groups with financial firepower to finance takeover are concerned about profitability of social media service
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New York Times, The Information, Bloomberg, CNBC, and Benzinga
| Matt Levine / Bloomberg: |
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Decrypt, Los Angeles Times, Slate, Scrooge Capital, Forbes, NPR, Associated Press, Protocol, HotHardware.com News, The Economic Times, CNBC, Seeking Alpha, Stratechery, City A.M., PCMag, New York Times, KingArthur's Newsletter, Axios, Insider, and New York Post
Tweets: @elonmusk, @therecount, @elonmusk, @bobbyallyn, @chrisjbakke, @chestermissing, @matt_levine, @kurtwagner8, @jackposobiec, @jonnajarian, @matt_levine, @danprimack, @danprimack, @kantrowitz, @jamcnn, @davidjoachim, @modestproposal1, @tcarmody, @mikeisaac, @ivanthek, @bobonmarkets, @loudmouthjulia, @caseynewton, @trungtphan, @mslopatto, @jonathanglick, @derfleck, @stephenkinsella, and @lanceulanoff
| 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.| 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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Under the Hood, Financial Times, CoinDesk, Axios, Payments Dive, Benzinga, Barron's Online, Dow Jones Newswires, City A.M., Forbes, Bloomberg, Bitcoin News, The Block, The Times, BeInCrypto, Cryptopolitan, Finance Magnates, ZyCrypto, Cointelegraph, PYMNTS.com, Finextra, Waivly, and AltFi
Tweets: @robinhoodapp, @markhippo, @ryan_browne_, @ryan_browne_, and @robinhoodcomms
| 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 $51.5M — Demostack, a San Francisco, California-based startup creating a “demo experience” platform for software-as-a-service …
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CTech, PRWeb, Geektime, and Globes Online
| Kyle Alspach / VentureBeat: |
Okta's probe into the January Lapsus$ breach of a third-party vendor concludes that it lasted only 25 consecutive minutes and impacted just two active customers — Okta said Tuesday that a forensic investigation that it commissioned found that the hacker group Lapsus$ accessed …
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Okta Inc., ZDNet, Dow Jones Newswires, GovInfoSecurity, Mobile ID World, and SecurityWeek
Tweets: @aidaakl, @cipherstorm, @landryst, and @campuscodi
| 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, MarketWatch, Wall Street Journal, Investor's Business Daily, IBM, Barron's Online, Bloomberg, and WRAL TechWire. Tweets: @patrickmoorhead
| 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
| 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
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