Sign up here to get an overview of MovieUpdates’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT.
It’s April 26, 2022, and today we’ve only talked about news that turns our stomachs — a case of irritable owl syndrome, if you will. No bird game is suspected, although we did get the impression that Musk agrees here.
The MovieUpdates Top 3
- Same Twitter time, same Twitter channel: Today we looked at the aftermath of Elon Musk’s deal to buy Twitter, this time on the privacy front. Cybersecurity experts say Musk’s idea of making Twitter’s technology open-source could make it more susceptible to attacks, though his ideas for tackling spam bots could lead to better detection — and perhaps a drop in followers for many. people wondering what follows that empty egg cup. them.
- Left Lane takes a right turn when it comes to investment: It was the gift that continues to be given to Left Lane’s CEO and managing partner, Harley Miller, who closed the venture capital firm’s $1.4 billion fund on his birthday. The company focuses on “Internet-enabled consumer technology with recurring business models,” which Miller said has been a white space between all other enterprises and SaaS investors. We are curious what his birthday present will be next year.
- Teach a Teen About Money and You’ll Raise a More Financially Conscious Adult: At least that’s the goal most parents have. Proper management of your money is something that even adults can struggle with. That’s why we’ve seen so many financial apps targeting kids and teens attract funding. The latest is Copper, which raised a $29 million Series A, which includes debit cards, access to ATMs and support for digital wallets. Parents can participate with their child, add money and control their spending. Copper even helps with the financial basis, such as what compound interest is.
If you don’t care about Twitter or Elon Musk… we’re really sorry, it sucks being you on the internet right now. Take a deep breath and go for real bird watching. You know, the ones that live outside.
Break out the binoculars; we are going to do a lot of bird watching today so you have everything in one convenient place. In case you’ve been offline for the past month, we’ve put together a handy timeline that will give you some of the context.
We reported yesterday that Twitter accepted Elon Musk’s offer to buy Twitter, and then all hell broke loose. Twitter founder Jack Dorsey said Musk is the only solution he trusts, but as you read above, carly is not so sure and says this is going to be a privacy nightmare. We discussed both how Trump wouldn’t come back to Twitter and how that is bullshit; he will come back.
Alex took a gamble on what’s next for Twitter, with Elon taking over the birdhouse’s penthouse suite and encouraging Musk to please don’t mess it up. Natasha wondered what the Twitter diaspora will be up to. Sarah was curious if all advertisers will make nests on other platforms, and Amanda reported that Twitter is locking down the source code for the platform.
Startups and VC
The hardware dweebs among us had a great day today. The detail of the EV Corvette that uses excess battery heat to warm the cabin—much like ICE cars use excess engine heat to keep you toasty while you cruise—is such a cool (ha!) detail. The obvious benefit of reusing waste heat rather than consuming electrical energy to run stoves is increased range – very smart indeed. Also in the world of hardware, Launcher demonstrated a 3D-printed rocket that does a full combustion, and the space-obsessed 15-year-old living inside us is very excited.
Klaviyo co-founder Ed Hallen’s 3 top tips for launching a startup
Most founders are not experienced entrepreneurs, which means they make the same mistakes when trying to overcome universal challenges like fundraising and recruiting.
According to Klaviyo co-founder and lead product, Ed Hallen, luck was a factor that contributed to the success of his marketing automation company.
“But it’s also clear that if we’d known more beforehand, we wouldn’t have been lucky with those choices in the first place,” he says. “And for a founder, less happiness means less risk.”
In a MovieUpdates+ guest post, he shared three fundamental pieces of advice for new founders. Lesson One: Don’t try to change user behavior – instead, look for a problem to solve.
“Instead of focusing on telling a story, we found a problem and hit it hard because we knew that if we found enough people with the same problem, we could build a business.”
(MovieUpdates+ is our membership program that helps founders and startup teams get ahead. You can sign up here.)
Big Tech Inc.
- We talked a lot about cars yesterday, and while Ford is trying to tease us with a second electric pickup, we’re going to the public market to talk about Warner Bros. earnings announcements. Discovery and General Motors (yes, we realize they are still cars). Warner Bros. Discovery had some mixed reviews, with one star for WarnerMedia, a unit that picked it up earlier this month. AT&T has already dealt that blow. The five-star ratings went to the Discovery and US Networks units, both of which saw sales increase. As for General Motors, Jaclyn and Rebecca have made some predictions (EV to the rescue!) for what we might see when the profit comes out later in the day.
- If you like an app in the Apple App Store, you might want to check if it’s in this list. Apple is attending one of its regular cleanups, and Sensor Tower predicts some 3,000 apps will be pulled from its shelves.
- Having a community is important and Reddit has arguably one of the largest communities out there. It is now putting some money behind it with a $1 million fund to help its users turn their ideas and events into reality. And in other community news, YouTube allows users to thank content creators in the form of a tip.
- Not really a surprise here, but TikTok was the most downloaded app worldwide in the first quarter.
- Roku users rejoice! The streaming provider signed a multi-year deal with Lionsgate Films to freely stream some of the production company’s upcoming films for 2022, such as ‘John Wick 4’, ‘Borderlands’, ‘Expendables 4’ and ‘Are You There God? It’s Me, Margaret” (haven’t read that book in 30 years, so yay, it’s going to be a movie?).