Posts

Sense, which uses AI to provide homeowners with real-time data on home energy use, raises a $105M Series C led by Blue Earth Capital (Brian Heater/TechCrunch)

DeFi lender Rari Capital, which merged with Fei Protocol in December, loses ~$80M in a hack that exploited a reentrancy vulnerability in Rari's Fuse protocol (CoinDesk)

Swvl, a booking platform for private buses that went public via a SPAC merger in March, acquires on-demand coach service Zeelo, sources say for ~$100M (Mike Butcher/TechCrunch)

Sources: Google's upcoming Pixel Watch will be powered by a 300mAh battery and will support cellular connectivity (Abner Li/9to5Google)

Experts raise concerns about the use of a predictive child welfare algorithm in Allegheny County, PA, and its potential to harden racial disparity in the system (Associated Press)

A look at Zenly, a Snap-owned social mapping app still operating in Russia amid bans and exits of other Western apps; Zenly had 51M+ downloads in Russia in 2021 (Andrew Deck/Rest of World)

A look at the challenges Apple is facing as it develops its own wireless modem, expected to replace Qualcomm chips in 2023 iPhones (Christopher Mims/Wall Street Journal)

São Paulo-based Inventa, a wholesale marketplace for connecting SMBs with suppliers, raises a $55M Series B led by Greylock, bringing its total funding to $80M (Christine Hall/TechCrunch)

Instacart plans a strategy shift to sell software to grocers and more ads in its app, trying to avoid becoming another pandemic boom company that has fizzled (New York Times)

Sources: Peter Thiel, Jack Dorsey, and others who dislike Twitter's direction pushed Elon Musk to launch a bid; Musk remains dismayed that Trump is still banned (Wall Street Journal)

At an all-hands, CEO Parag Agrawal acknowledged Twitter was vulnerable to a takeover since it had historically underachieved and asked staff to "embrace change" (Casey Newton/Platformer)

US NTIA seeks comments on competition in the mobile app ecosystem, including Android and iOS app store policies, the issues web app developers face, and more (Bruce Lawson/Bruce Lawson's personal site)

Anthropic, founded by ex-OpenAI VP of research Dario Amodei to explore large-scale AI systems, raises a $580M Series B led by FTX CEO Sam Bankman-Fried (Devin Coldewey/TechCrunch)

Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13% (Jordan Novet/CNBC)

Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs $8.17B est., and subscription services grew 11% to $8.4B (Annie Palmer/CNBC)

Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance (Business Wire)

DJI admits that AeroScope drone tracking signals aren't encrypted, after claiming otherwise for almost a month, letting anyone track its drones and their pilots (Sean Hollister/The Verge)

Snap launches Lens Cloud, a collection of backend services for Snap AR, to help developers build dynamic, location-based multiuser experiences in AR (Romain Dillet/TechCrunch)

Evan Spiegel dismisses Meta's metaverse ambitions as "ambiguous and hypothetical" and says the word "metaverse" is never uttered in Snap's offices (Alex Hern/The Guardian)

Warzone update ruins the game for some players by demanding Xbox Live Gold

PayPal reports Q1 revenue of $6.48B, up 8% YoY, vs. $6.6B est., net income of $1.03B, down from $1.45B YoY, Total Payment Volume of $323B, up 15% YoY (Reuters)

Qualcomm reports Q2 revenue of $11.16B, up 41% YoY, vs. $10.6B est., net income of $3.7B, up 68% YoY, and chip segment revenue of $9.55B, up 52% YoY (Kif Leswing/CNBC)

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 10%+ (Meta)

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 (Mary Ann Azevedo/TechCrunch)

Overwatch 2 isn't even out yet and it's one of the most popular games on Twitch

Warzone Season 3 patch notes reveal big sniper nerf

Microsoft says at least six Russia-aligned actors launched 237+ attacks against Ukraine between Feb. 23 and April 8, including ~40 threatening civilian welfare (Tom Burt/Microsoft On the Issues)

Now that Elon Musk has signed a deal to take Twitter private, a look at what's next, including a shareholder vote, Musk gathering cash, and regulatory approvals (Matt Levine/Bloomberg)