TECH NEWS
Wednesday, 4 May 2022
NYC employees' pension funds sue Activision, alleging CEO Bobby Kotick rushed to complete Microsoft deal to escape liability for misconduct at Activision (Stephen Totilo/Axios)
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Google says it removed 3.4B ads and suspended 5.6M+ advertiser accounts in 2021, after implementing a three-strikes rule to address deceitful practices and more (Kourtnee Jackson/CNET)
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Tuesday, 3 May 2022
Sources: Elon Musk told potential investors he plans to stage an IPO for Twitter in as little as three years after buying it (Wall Street Journal)
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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 25%+ (Jackie Davalos/Bloomberg)
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Match Group Q1: revenue of $799M, up 20% YoY, vs $794M est., operating income up 10% YoY to $208M, CEO Shar Dubey to step down but stay on board; stock down 5%+ (Reuters)
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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 (Kif Leswing/CNBC)
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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 (Jessica Bursztynsky/CNBC)
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