Techmeme
April 27, 2022, 6:55 AM

Top News

Elizabeth Dwoskin / Washington Post:
Replying to tweets from right-wing users, Elon Musk boosts criticism of two Twitter executives, including Vijaya Gadde, prompting attacks from other users  —  The targeting of employees by Musk's massive Twitter megaphone is a major concern for workers  —  Elon Musk on Tuesday used …
Kurt Wagner / Bloomberg:
Filing: Musk is barred from posting tweets about his deal to buy Twitter if they “disparage the company or any of its representatives”  —  Elon Musk isn't allowed to post tweets about his deal to buy Twitter Inc. if they “disparage the company or any of its representatives,” …
Politico:
Sources: in a meeting, Twitter's top lawyer Vijaya Gadde reassured staff and cried as she expressed concerns about how the company could change under Elon Musk  —  Monday was an emotional day at Twitter — even for its executives.  —  Shortly after billionaire Elon Musk bought …
Alphabet - Investor Relations:
Alphabet reports Q1 revenue rose 23% YoY to $68.01B, as net income dropped to $16.44B, down from $17.93B YoY; traffic acquisition costs rose 23%  —  MOUNTAIN VIEW, Calif. - April 26, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2022.
Mike Masnick / Techdirt:
Twitter has aggressively defended users' privacy and free speech rights, pushing back on unmasking subpoenas, but it's unclear if this will continue under Musk  —  For all the talk of how Elon Musk wanted to buy Twitter to make it more supportive of free speech, there remain a ton of questions …
Siva Vaidhyanathan / Slate:
Filipe Espósito / 9to5Mac:
New Apple Studio Display beta firmware offers minimal webcam quality improvements, suggesting software is not the issue; the culprit may be the ultra-wide lens  —  When Apple announced Studio Display, it promised “sensational” webcam quality.  However, as customers got their hands on the product …
Microsoft - Investor Relations:
Microsoft reports Q3 revenue of $49.4B, up 18% YoY, net income of $16.7B, up 8% YoY, Office revenue up 12%, LinkedIn revenue up 34%, Windows OEM revenue up 11%  —  Earnings Release FY22 Q3 - REDMOND, Wash. — April 26, 2022 — Microsoft Corp. today announced the following results …
Dina Bass / Bloomberg:
Kurt Wagner / Bloomberg:
Filing: Twitter must pay a $1B termination fee for taking another offer or telling shareholders to vote against Musk, who would also owe $1B for ending the deal  —  Twitter Inc. will be required to pay a termination fee of $1 billion under certain circumstances if it ends an agreement …
Bloomberg:
Ben Collins / NBC News:
Twitter says recent “fluctuations in follower counts” of high-profile accounts after news of Elon Musk's takeover were “organic”, but is still looking into it  —  How Elon Musk's Twitter takeover could change the platform  —  Twitter was flooded with user reports …
Mark Bergen / Bloomberg:
YouTube says it will begin testing ads on Shorts, including app-install ads and other promotions, as its ad revenue growth slows  —  YouTube is testing advertisements on Shorts, its short-form video feature that competes with TikTok and Instagram, Google's chief business officer told investors on Tuesday.
Max Read / Read Max:
Elon Musk is unlikely to fix or change Twitter to any great extent because his experience of the service — tweeting and getting richer — is already ideal  —  You're reading Read Max, a newsletter about the future.  This edition is free for all.  Read Max is an independent newsletter supported by reader subscriptions.
Under the Hood:
Robinhood plans to lay off ~9% of its full-time employees, after growing its headcount from 700 to nearly 3,800 between 2019 to 2021  —  Robinhood CEO Vlad Tenev shared the below to Robinhood employees following a company-wide meeting to discuss the changes.
William Turton / Bloomberg:
Sources: data obtained through fake legal requests have been used to harass women and sexually extort minors; Meta, Apple, Google, and others handed over data  —  Major technology companies have been duped into providing sensitive personal information about their customers in response …
CNBC:
Nasdaq closes down 3.95% to a 52-week low led by tech stocks, including Tesla down 12.2%, Coinbase down 5.9%, Netflix down 5.5%, Apple down 3.7%, Meta down 3.2%  —  U.S. stocks fell sharply on Tuesday with shares selling off into the close, as investors dumped equities on fears of an economic slowdown.
Vlad Savov / Bloomberg:

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