In its latest revenue release, Twitter admits to miscounting users for the second time – MovieUpdates

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It’s Thursday, April 28, 2022, and Haje’s blood pressure is slowly returning to what passes for normal after raving about Social Security numbers for a few minutes. Listen, it’s hard to get used to the quirks and weaknesses of a new country, okay? Please don’t tell him how health care works in this country; we would never hear the end of it.

In other news, MovieUpdates has a shiny new fintech newsletter launching on Sunday. Register today so you don’t miss this weekend! The third EP of our crypto and blockchain podcast, “Chain Reaction”, is out today, so fill your ears with the soft tones of Lucas and Anita’s calming voices.

Friday morning, woohoo! † Christine and hi

The MovieUpdates Top 3

  • Twitter admits it overcounted accounts: Hey Guess what? Twitter announced its first quarter results today. And it didn’t count, revealing that it reported more users than it actually had – at nearly 2 million – something Sarah points out that it is “a predicament that may have encouraged the company to think more seriously about accepting Elon Musk’s proposal to take the company private in a $44 billion deal.” In the meantime, Alex investigated what the acquisition could mean for Twitter’s ad revenue.
  • Death and taxes are indeed certain: It’s not every day that we quote Ben Franklin in a story, but in this case it’s tied to technology making it easier for us to do things like pay our taxes. Up to that point, the Taxfix mobile tax filing app brought in a round of $220 million to become a unicorn. Taxes aren’t always easy, so it’s good to have someone who knows what to do. We like how CEO Martin Ott put it: “We hacked into a tax accountant’s brain into codes.”
  • There is a Google of Russia: Its name is Yandex and it sells its media division to a company called VKontakte, which is considered “the local Facebook equivalent.” Not sure if it gets better than that. This is news that Natasha has been following for a month now, and she reports that the sale was a result of the Russian invasion of Ukraine, which led many companies to reassess their media assets.

Startups and VC

One of our favorite things about putting the Daily Crunch together is that we can cheer on our colleagues and read their fantastic work. Today is a Kylea-o-rama. He wrote about how Synthesis AI raised $17 million to create synthetic data to improve computer vision and how payroll provider raised $18.5 million to make employee payouts smoother. CommandBar made $19 million to continue creating a search-and-browse plugin for web apps, and Deepset raised $14 million to help companies build natural language processing apps . Kyle, your fingers must be exhausted – treat yourself to a cup of coffee and a game of baseball or something.

We love Christine’s story about Lemon Perfect’s investment journey with the queen bee: Two years after Lemon Perfect was spotted in Beyoncé’s limousine, the superstar is now a moneylender.

Also! We’ve started a series of pitch deck teardowns and we’re looking for startups to have their pitch decks reviewed. Get involved!

More news than you can shake a cap at:

GV’s Frederique Dame on product-market fit: ‘You have one chance for a good experience’

Streaming data from laptop computer.  (Digital composite.)

Image Credits: John Lamb (Opens in a new window) / Getty Images

In a fireplace chat on MovieUpdates Early Stage, Frederique Dame, an investment partner at GV who previously led product and engineering teams at Uber, Yahoo and Smugmug, shared her thoughts on the product market fit.

Dame has addressed several issues, including the need to collect customer data as early as possible, strategies for iteration and testing without tapping into technical resources, and most notably why founders should make themselves vulnerable when pitching to investors:

“Trust me with what you don’t know or what doesn’t work,” she said, “because once we’ve invested, we’re going to have to work on this anyway.”

(MovieUpdates+ is our membership program that helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

Get your popcorn ready: We already talked about Google and Facebook in the Top 3, so let’s start this section with a little bit of Amazon. The company launched its movie rental service in India, with more than 40 original and co-produced shows and movies giving customers early access to both Indian and foreign movies.

Round up some earnings: Today’s earnings are brought to you by the letter “T”, which rhymes with “P”, and that spells Peacock, which has added 4 million paid subscribers. Meta’s metaverse isn’t that popular, but Facebook has been gaining users.

Ac(quisi)tion news: It looks like Microsoft will add another company to its family. Activision Blizzard shareholders voted to approve the sale. Meanwhile, Hackerone has acquired PullRequest, a YC-backed company that will give the bug bounty company some code-review skills.

Judge takes sides with Elon Musk: He’s probably going to win with the Twitter deal, but he can definitely tick the “win” category here for sure. A judge in Delaware ruled in his favor after a lawsuit filed by Tesla shareholders that accused Musk of forcing Tesla’s board to buy SolarCity in 2016.

Oh no!: Our reporters were busy today covering Snap in several stories which we will list below. We want to emphasize that it has created a new gadget that will make you forget what a selfie stick is. Pixy, Snap’s mini-drone, is your camera when you don’t have anyone else to hold your phone. Also:

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