Olivia Poh / Bloomberg:
Grab reports Q1 revenue up 24% YoY to $955M, above est., and a $154M adjusted EBITDA, vs. $146.3M est., helped by resilient demand for ride hailing and delivery  —  Grab Holdings Ltd. plans to adjust its Indonesian business after Jakarta's surprise edict to lower the ride-hailing commissions it can charge …

Diana Novak Jones / Reuters:
New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children  —  The U.S. state of New Mexico on Monday asked a judge to declare Meta Platforms (META.O) a public nuisance …

Paul Thurrott:

I may or may not write and publish a short e-book about Markdown sometime this year, most likely as part of a monthly focus. But l’ve written small parts of it already, as I do, and I figured it might be interesting for at least some readers. And so here’s an early draft of an introductory chapter that may or my not be called “On writing.” We’ll see.

It’s odd how things turn out in life. Thurrott’s and my careers are almost uniquely parallel, but have seldom intersected. This book would have been a very surprising outcome to me, if you’d told me about it 20 years ago. Sort of a fun outcome, though, and I must admit to being curious what comes of it.

The fact that Paul Graham personally has billions of dollars at stake with OpenAI doesn’t mean that his public opinion on Sam Altman’s trustworthiness and leadership is invalid. But it certainly seems like the sort of thing that ought to be disclosed when quoting Graham as an Altman character reference.

Tanaya Macheel / CNBC:
Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act to preserve stablecoin rewards under certain conditions; Circle's stock closed up ~20%  —  Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act …