Good morning from the Financial Times.

Today is Friday, May 14th, and this is your FT News Briefing.

Airbnb made a comeback in the latest quarter as pandemic restrictions in the U.S. lifted.

We'll have the latest numbers from the streaming wars,

and we'll dissect a surprise tweet from Elon Musk.

Tesla CEO said he won't accept Bitcoin payments anymore for his cars

because he's worried about the environmental cost.

This is really a crossroads for the crypto industry now.

After this challenge from Elon Musk, it's going to have to justify its existence in a different way.

I'm Mark Filipino, here's the news you need to start your day.

Airbnb struggled through the pandemic, but yesterday it announced

stronger than expected earnings in the latest quarter.

The online home sharing company said first quarter revenues reached nearly $900 million.

That's up 5% from the same period last year, and it was a bit more than Wall Street's expectations.

The FT's Dev Lee has more.

Well, Airbnb saying the numbers show that it's recovered pretty strongly.

I mean, the revenues you mentioned up 5% this time last year,

but this time last year was just being hit by the effects of the pandemic.

They had lots of cancellations in March, and so that affected it then.

But also, this year's Q1 revenue was also higher than the same period in 2019.

So Airbnb is making the point that they're now reaching that level where they were pre-pandemic,

and yet they're still quite a long way to go before the travel industry is fully recovered,

...