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April 27, 2022, 7:00 PM
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Meta reports Q1 revenue of $27.9B, up 7% YoY, net income of $7.5B, down 21% YoY, Family of Apps daily active people of 2.87B, up 6% YoY; stock jumps 14%+ — MENLO PARK, Calif., April 27, 2022 /PRNewswire/ — Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022.
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Wall Street Journal, Sky News, TechCrunch, New York Times, SiliconANGLE, CNBC, BBC, Telegraph, Daily Mail, Associated Press, Financial Times, Shacknews, Digital Journal, With TAI, The GameDiscoverCo newsletter, AdNews News, and Variety
Tweets: @kurtwagner8, @ldignan, @alexeheath, @rustybrick, @mikeisaac, and @ddimolfetta
| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $2.96B loss in Q1 2022, up from a $1.8B loss in Q4 2021, on revenue of $695M, and says Reality Labs has ~17,000 employees — The company formerly known as Facebook also reported revenue of $695 million the quarter for the recently broken out division.
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The Block and VentureBeat
| Daniel Howley / Yahoo Finance: |
Meta reports Q1 ad revenue of $27B vs. $27.5B est., and says it expects FY 2022 expenses between $87B and $92B, less than the previously announced $90B to $95B — Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations for revenue, but falling short on earnings per share.
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The Hill and The Hollywood Reporter
| Kurt Wagner / Bloomberg: |
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Associated Press, TheStreet, CNET, Forbes, Reuters, Yahoo Finance, Social Media Today, Channel NewsAsia, Deadline, UPI, Al Jazeera, Stock Quest, Proactiveinvestors UK, and ZeroHedge
Tweets: @shiringhaffary, @shiraovide, @matthew41905514, @shiraovide, and @shiraovide
| Aisha Malik / TechCrunch: |
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Tubefilter. Tweets: @politics1com, @shiringhaffary, @munster_gene, @kimbenabib, @munster_gene, and @munster_gene
| Lily Hay Newman / Wired: |
Experts speculate as to what Elon Musk's takeover means for Twitter users' privacy; some worry that there is nothing stopping him from accessing users' DMs — The social network's user data and more will soon be at the whims of the world's richest man. Who's worried?
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New York Magazine, BBC, MIT Technology Review, Hunter Walk, Scrooge Capital, NBC News, and LADbible
| Ellery Biddle / Coda Story: |
A look at the impact outside the US if Twitter threw out its content rules and embraced an absolute commitment to free speech, including in India and Ethiopia — Musk's free speech absolutism could stoke conflict in countries like India and Ethiopia — While protest movements have risen and fallen …
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New York Times. Tweets: @elonmusk, @senmarkey, @samidh, @juddlegum, @reckless, @benshapiro, @shiraovide, @kevinroose, @isocockerell, @aprilaser, @katia_patin, @greenhousenyt, @elcalavero, @parmy, @timobrien, and @anthony
| Billy Perrigo / TIME: |
Some Twitter employees fear the acquisition by Elon Musk, who has followers who carry out targeted harassment, could undercut years trying to make Twitter safer — There's an old joke among Twitter employees that being on the platform is like playing a huge online multiplayer game where every …
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Reuters, New York Times, The Guardian, New York Times, NBC News, and Washington Post
Tweets: @elonmusk, @paraga, @rottenindenmark, @jayshams, @alexstamos, @alexstamos, @alexstamos, @alexstamos, @tyler, @anandwrites, @thestalwart, @0knaomi, @velodus, @parmy, @briannawu, @joepcunningham, and @datagurl77
| Elizabeth Dwoskin / Washington Post: |
Replying to tweets from right-wing users, Elon Musk boosts criticism of Twitter executives Vijaya Gadde and Jim Baker, leading to more users joining the attacks — The targeting of employees by Musk's massive Twitter megaphone is a major concern for workers
Source:
@elonmusk and @elonmusk. More:
New York Times, Engadget, Reason, The Verge, Quartz, Bloomberg, The Guardian, and SlashGear
Tweets: @daveleeft, @elonmusk, @willoremus, @rmfifthcircuit, @dickc, @dickc, @ev, @daveleeft, @lizzadwoskin, @esaagar, @elonmusk, @bborrman, @gergelyorosz, @cernovich, @brentscher, @esaagar, @micsolana, @scotsfyre, @birnbaum_e, @esaagar, @willoremus, @taylorlorenz, @atrupar, @sheeraf, @slpng_giants, @daveleeft, @esaagar, @dempmcgee, @kellylsims, @taylorlorenz, @willoremus, @mollyjongfast, @andygrewal, @michaelehayden, @peterjukes, @karaswisher, @johnstarr, @esaagar, @maxwelltani, @katies, @pmarca, @campuscodi, @parismarx, @ngrossman81, @sep, @mzhemingway, @moorehn, @mollyjongfast, @joshtpm, @richardhanania, @reckless, @elizluke, @mzhemingway, @yishan, @kayvz, and @johnstarr
| Kurt Wagner / Bloomberg: |
Filing: Elon Musk agreed not to post tweets about his Twitter deal that “disparage the company or any of its representatives”; the costs of a breach are unclear — Elon Musk isn't allowed to post tweets about his deal to buy Twitter Inc. if they “disparage the company …
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New York Times, The Guardian, Washington Post, Gizmodo, Fortune, and Wccftech
Tweets: @elonmusk, @kairyssdal, @danprimack, @sivavaid, @bobcesca_go, @birnbaum_e, and @jessicalessin
| Noah Bressner / Axios: |
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Associated Press, Agence France-Presse, Politico, Reuters, Forbes, and Bloomberg
Tweets: @elonmusk, @klasfeldreports, @edbott, @crtrud, @jannwolfe, @alisonfrankel, @crtrud, and @alisonfrankel
| Ben Collins / NBC News: |
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The Independent, Insider, Gizmodo, Protocol, Mashable, TechCrunch, Hollywood Reporter, PCMag, and Observer
Tweets: @oneunderscore__, @cherijacobus, @blackamazon, @cenkuygur, and @bafeldman
| Ian Sherr / CNET: |
Apple debuts Self Service Repair in the US for iPhone 12, iPhone 13, and new iPhone SE models, and plans to expand to Europe and add M1 Macs by the end of 2022 — The tech giant says it's offering repair manuals online, along with giving everyday people the chance to buy parts and tools to repair devices themselves.
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Apple, iFixit News, U.S. PIRG, Softpedia News, MacRumors, MacRumors, AppleInsider News, 9to5Mac, PCMag, Ars Technica, Android Police, The Register, CRN, VICE, MacRumors, Android Authority, AppleInsider, MacRumors, TechCrunch, Engadget, The Verge, Slashdot, Cult of Mac, AppleInsider, XDA Developers, Livemint, AppleTrack, and MacStories
Tweets: @zollotech, @zollotech, @detroitborg, @brianroemmele, @kwiens, @bzamayo, @jason_koebler, @themadstone, @kevinriggle, @nickstatt, @kwiens, @dlberes, @reneritchie, @iupdate, @bzamayo, @chriswelch, @trickholland, @emilyrusch, @bdsams, and @pt. Thanks:@iansherr
| Tom Burt / Microsoft On the Issues: |
Microsoft says at least six Russia-aligned actors launched 237+ cyberattacks against Ukraine from Feb. 23 to Apr. 8, including ~40 threatening civilian welfare — Tom Burt - Corporate Vice President, Customer Security & Trust — Today, we released a report detailing the relentless …
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BleepingComputer, SC Media, NBC News, Associated Press, The Hill, Ars Technica, CyberScoop, Reuters, New York Times, Bloomberg, TechCrunch, Wall Street Journal, CNN, and Zero Day. Tweets: @itsreallynick. Thanks:@fxshaw
| William Turton / Bloomberg: |
Sources: data obtained from Meta, Apple, Google, Snap, Discord, and others through fake legal requests have been used to harass women and sexually extort minors — Major technology companies have been duped into providing sensitive personal information about their customers in response …
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9to5Mac, KnowTechie, Krebs on Security, AppleInsider, Newslit Daily, MacDailyNews, Gizchina, and Silicon Republic
Tweets: @williamturton, @shiraovide, @williamturton, @evacide, @williamturton, and @nicoleperlroth
| Cecilia D'Anastasio / Bloomberg: |
Sources: Twitch is weighing reducing the subscription revenue cut for creators in its partner program from 70% to 50%, among other changes to boost its revenue — Twitch, the Amazon.com Inc.-owned live-streaming website, is weighing potential changes to how it pays top talent …
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TheStreet, Gizmodo, PCMag, PC Gamer, TheGamer, Game Rant, Appuals.com, Forbes, and Engadget
Tweets: @caseynewton, @carnage4life, @somospostpc, @nottheclick, @carcinogensda, @mrprowestie, @transscribe, @somospostpc, and @cecianasta
| Max Read / Read Max: |
Elon Musk won't fix or make significant changes to Twitter because his experience of the service is whatever he tweets, whatever the context, he becomes richer — 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.
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New York Times and New York Times
| Mary Ann Azevedo / TechCrunch: |
Sources: PayPal is closing its San Francisco office, which houses its Xoom unit, as it evaluates its global footprint; staff from the office will work virtually — PayPal is shuttering its San Francisco office as it evaluates its global office footprint. — Multiple sources say the payments giant … | Ashley Carman / Bloomberg: |
Spotify Q1: revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subs rose 15% YoY to 182M, despite losing 1.5M in Russia; stock down 12%+ — Spotify Technology SA has spent more than a billion dollars in an effort to become the No. 1 name in podcasting …
Source:
Spotify. More:
Music Business Worldwide, Financial Times, Music Industry Blog, TechCrunch, Variety, Spotify, Fortune, Gizmodo, Deadline, CNBC, and CNET
Tweets: @pkafka, @spotifynews, @ashleyrcarman, @anthonyc3004, @maxciociola, @jonporty, and @anthonyc3004
| Mark Bergen / Bloomberg: |
YouTube starts testing ads on Shorts, including app-install ads and other promotions; Google says that Shorts now has 30B daily views — 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.
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The Verge, TechCrunch, XDA Developers, TechRadar, PhoneArena, and Neowin
Tweets: @mhbergen, @banunsweettea, @thestalwart, @chad_hurley, and @mhbergen
| Peter Guest / Rest of World: |
An in-depth look at how governments in 60+ countries have enacted 935+ internet blackouts since 2016 to control populations and silence dissent — Seven years, 60 countries, 935 internet shutdowns: How authoritarian regimes found an off switch for dissent. — PROLOGUE — Special operation and peace
Tweets: @lvandenassum, @aymanm, @violazhouyi, @dfrlab, @robinsonbkk, and @noalsilencio
| BBC: |
Central African Republic lawmakers vote unanimously to adopt bitcoin as legal tender, the second country to use bitcoin as official currency after El Salvador — The Central African Republic (CAR) has approved Bitcoin as legal tender - just the second country to do so.
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Bitcoin Magazine, Gizmodo, Decrypt, TechCabal, Cryptonews, and CryptoPotato
| Ingrid Lunden / TechCrunch: |
Enveil, a B2B startup aiming to build data products that use homomorphic encryption, raises a $25M Series B led by USAA, bringing its total funding to $40M — Collectively, as we mature as a digital society, many of us are getting more aware, and more wary, of how our profiles and information exist and are used (and misused) online.| Reuters: |
PayPal reports Q1 revenue of $6.48B, up 8% YoY, vs. $6.6B est., net income of $1.03B, down from $1.46B YoY, Total Payment Volume of $323B, up 15% YoY — PayPal Holdings Inc (PYPL.O) lowered its full-year profit view on Wednesday, signaling that payments volumes at the company could take a hit … Sponsor Posts
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