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May 4, 2022, 1:30 PM
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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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This is a Techmeme archive page. It shows how the site appeared at 1:30 PM ET, May 4, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

More News

Joseph Cox / VICE:
SafeGraph says it will stop selling the location data of visitors to Planned Parenthood and other family planning centers “to curtail any potential misuse”
Meir Orbach / CTech:
Imagene AI, whose AI tech can help detect cancerous biomarkers directly from a digitized biopsy image, raises a $18.5M Series A from Larry Ellison and others

Earlier Picks

Jackie Davalos / Bloomberg:
Lyft reports Q1 revenue of $875.6M, up 44% YoY, vs $844.5M est., and a net loss of $196.9M, but misses on 17.8M active riders, vs 18M expected; stock down 30%+
Reuters:
Match Group Q1: revenue of $799M, up 20% YoY, vs $794M est., operating income up 10% YoY to $208M; Zynga President Bernard Kim named CEO, replacing Shar Dubey
Kif Leswing / CNBC:
AMD Q1: revenue grew 71% YoY to $5.89B, including $2.8B from Computing and Graphics, up 33% YoY, and $2.5B from Enterprise, Embedded and Semi-Custom, up 88% YoY
Jessica Bursztynsky / CNBC:
Airbnb Q1: nights and experiences up 59% YoY to 102.1M, vs 100.9M est., revenue up 70% YoY to $1.51B, vs $1.45B est., and a $19M net loss, down from $1.2B YoY
Juli Clover / MacRumors:
Twitter tests Twitter Circle, a feature for sharing tweets with up to 150 people, rather than publicly, similar to Instagram's Close Friends sharing option
Wall Street Journal:
The SEC plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, created in September 2017 to investigate fraud, taking it to 50 staff
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