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July 28, 2021, 5:40 PM
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| Facebook: |
Facebook reports Q2 revenue of $29.08B, up 56% YoY, MAUs of 2.9B, up 7% YoY, headcount of 63,404, up 21% YoY; stock down ~3% on warning of revenue slowdown — “We had a strong quarter as we continue to help businesses grow and people stay connected,” said Mark Zuckerberg, Facebook founder and CEO.
More:
CNET, Forbes, Barron's Online, SiliconANGLE, TechCrunch, Bloomberg, TheStreet, Insider, CNBC, Forbes, and Barron's Online
Tweets: @thekenyeung and @cnbcnow
| Stephanie Condon / ZDNet: |
Facebook says Q2 ad revenue was $28.58B, up 56% YoY, with average price per ad up 47% YoY and a 6% YoY increase in ads delivered — The rising price for ads delivered strong top and bottom-line results for Facebook, even as the social media giant continued to warn of “increased ad targeting headwinds.”| Patrick Klepek / VICE: |
Activision Blizzard staff are staging a walk out today, demanding fairer treatment for underrepresented staff and ending arbitration clauses in staff contracts — “This is the beginning of an enduring movement in favor of better labor conditions for all employees.” — Patrick Klepek
More:
Kotaku, Kotaku, Polygon, Activision Blizzard, Axios, Axios, Blizzard Watch, World of Warcraft, BuzzFeed News, NPR, mobilesyrup.com, The Verge, Windows Central, Axios, Engadget, The Verge, PC Gamer, PC Gamer, thegamer.com, Game Informer, IGN, Gamasutra, Bloomberg, Destructoid, Washington Post, Kotaku, GameSpot, Washington Post, The Verge, Micky, Eurogamer.net, CNBC, ExtremeTech, Game Informer, MCV/DEVELOP, Forbes, Destructoid, Ars Technica, Insider, New York Post, GameRevolution, GamesIndustry.biz, CNET, and VentureBeat
Tweets: @megan_nicolett, @stephentotilo, @stephentotilo, @bmkibler, @leslee_annsh, @jasonschreier, @megan_nicolett, @cydereal, @crashwong, @laurenkgurley, @madqueenshow, @kossuel, @atvi_ab, @shannon_liao, @teamcoworker, @megan_nicolett, @normality, @feliciaday, @megan_nicolett, @starfire2258, @karinewindy, @notpatrick, @megturney, @boogie2988, @shannon_liao, @zoeschiffer, @stevesaylor, @chrissyxchi, @kellen_browning, @davidgaider, @notdollie, @megan_nicolett, and @genepark
| Tripp Mickle / Wall Street Journal: |
Google says anyone coming to work at its campuses must be vaccinated, starting in the US, and will delay the return to offices from September until mid-October — Tech giant postpones planned return to offices until mid-October after earlier targeting late September
More:
The Keyword, CNBC, The Verge, NPR, GeekWire, TechCrunch, ZDNet, The Verge, Forbes, CNN, NBC News, MacRumors, New York Times, New York Business Journal, Axios, Reuters, The Hill, Engadget, CNET, New York Post, TechCrunch, Bloomberg, 9to5Google, Thurrott, Insider, and Newser
Tweets: @cnbcjosh, @jhweissmann, @jandrade, @mauramaura, @joshsternberg, @danielhowley, @dealbook, @kellen_browning, @reneritchie, and @carnage4life
| Lauren Feiner / CNBC: |
| Jon Porter / The Verge: |
Twitter says it is testing Shop Module, a new shopping section that brands can add to the top of their profiles, launching in the US today on iOS — Starting with a pilot of around a dozen brands — Twitter is piloting a new feature that allows businesses to add a shopping section …
More:
Twitter, PYMNTS.com, TNW, NBC News, Social Media Today, Search Engine Land, Mashable, 9to5Mac, TechRadar, Bloomberg, CNET, iPhone Hacks, TechCrunch, Engadget, and Neowin
Tweets: @twittersupport, @richlightshed, @kiruti, @hamburger, @dangrover, @wongmjane, @martinsfp, @modestproposal1, @carnage4life, and @kayvz
| Mark Gurman / Bloomberg: |
In a memo, Apple says it plans to restore a mask requirement for staff and customers at most of its US retail stores on Thursday, due to rising COVID cases — - Company to make change Thursday in areas with rising cases — Company asks, but doesn't require, retail staff to get vaccine
More:
AppleInsider, The Hill, 9to5Mac, MacRumors, The Verge, 9to5Mac, CNBC, iMore, and MacDailyNews
Tweets: @nsags and @zoeschiffer
| Omkar Godbole / CoinDesk: |
Coinbase report: in H1 2021, the market for ether was 3x busier than bitcoin, as ETH trading grew 1,461% to $1.4T, compared to BTC's 489% rise to $2.1T — Ether outperformed bitcoin in terms of volume growth and price performance. — The ether market was almost three times busier …
More:
Coinbase, Bloomberg, BitcoinExchangeGuide, and Coinspeaker
| Tom Warren / The Verge: |
Sony says it has now sold over 10M PS5 consoles, up from the 7.8M announced in April, making it the fastest-selling PlayStation ever — PS5 is the fastest-selling PlayStation — Sony has now sold more than 10 million PS5 consoles. That's up more than 2 million sales …
Source:
SIE Blog - English. More:
GamesIndustry.biz, Business Wire, Reuters, Engadget, Laptop Mag, XDA Developers, GamesIndustry.biz, Trusted Reviews, Thurrott, CNET, mobilesyrup.com, Forbes, IGN, Tom's Hardware, GameSpot, Video Games Chronicle, Android Central, and Wccftech
Tweets: @playstation, @chris_dring, @zhugeex, @genepark, and @tomwarren
| Filipe Espósito / 9to5Mac: |
Code and animation files in iOS 15 beta 4 show the process for validating ID cards in the Wallet app will likely include a verification system with selfies — Apple announced at WWDC 2021 that iOS 15 will add support for ID cards in the Wallet app, but details are unknown as this feature is not available in the beta version of iOS 15.
More:
MacRumors, iMore, AppleInsider, 9to5Mac, iPhone Hacks, Wccftech, AppleInsider, iDownloadBlog.com, PCMag, iPhone in Canada Blog, and KnowTechie. Tweets: @snazzyq
| Dustin Volz / Wall Street Journal: |
Biden instructs federal agencies to develop voluntary cybersecurity goals for companies operating critical infrastructure, as officials consider mandatory rules — Though voluntary, officials said the new step could be a prelude to a push for cybersecurity mandates
More:
The White House, ZDNet, The White House, BleepingComputer, CyberScoop, Reuters, Bloomberg, U.S. Department of Commerce, Fox Business, Washington Post, and The Hill
Tweets: @ericgeller, @ericgeller, @ericgeller, @b_fung, and @dnvolz
| Mariella Moon / Engadget: |
Google says its upcoming Play Store safety listings, similar to Apple's app nutrition labels, will feature info on app data collection, encryption, and more — There's still half a year to go before you start seeing Google Play's new safety section, which will show you an Android app's privacy information … | Todd Spangler / Variety: |
Spotify Q2: revenue of €2.3B, up 23% YoY, ad revenue up 110% YoY to €275M; paying subscribers reached 165M, up 20% YoY, total MAUs reached 365M; stock down 6%+ — Spotify, citing ongoing headwinds from the COVID pandemic, fell short of its total monthly user growth goal in the second quarter of 2021.
More:
Spotify, The Verge, Engadget, TheStreet, TechCrunch, 9to5Mac, TechRadar, TechSpot, Fast Company, CNBC, and Digital Music News
Tweets: @kerrymflynn, @xpangler, @xpangler, @spotifynews, @eldsjal, @kerrymflynn, @kerrymflynn, @lucas_shaw, @mark_mulligan, and @kerrymflynn
| Cody Toombs / Android Police: |
Google releases the first stable build of Jetpack Compose, a UI framework for Android, after two years in public development — Since its introduction during I/O 2019, Jetpack Compose was obviously destined to become the prescribed method of Android UI development.
More:
Android Developers Blog, XDA Developers, Android Developers, SiliconANGLE, 9to5Google, 9to5Google, and Android Central
Tweets: @androiddev and @davey_burke
| Reuters: |
After Twitter's refusal to block content related to farmer protests, some Indian government ministers and departments are shifting to home-grown rival Koo — Twitter Inc (TWTR.N) is fast losing its sheen as a favoured communications tool for many Indian government departments and ministers keen …
Tweets: @adityakalra
| Nikkei Asia: |
TSMC receives final approval for a 2nm chip plant in Taiwan; sources say construction will begin in 2022 and equipment will be installed in 2023 — Environmental approval could help chip giant stay ahead of Intel — TAIPEI — Taiwan Semiconductor Manufacturing Co. has received final approval …
More:
TechSpot, MacRumors, 9to5Mac, Tom's Hardware, iMore, Patently Apple, MacDailyNews, HotHardware.com News, and iClarified. Tweets: @nikkeiasia
| Courtney Reagan / CNBC: |
Walmart announces it will sell its e-commerce tech to small and medium-size retailers, and it partners with Adobe to sell the software as a subscription — - Walmart said it will sell the technology it developed to allow shoppers to buy items online and pick up the purchases at the store.
More:
Walmart Inc., Adobe Blog, Walmart Inc., TechCrunch, Quartz, and PYMNTS.com
Tweets: @walmartinc, @walmarttech, and @mhiggins
| Alex Heath / The Verge: |
Snap says Snap Map will now include recommendations for places to visit based on location, friend activity, and previous favorites — The new feature is designed to make Snap Map more of a utility — More than 250 million people use Snapchat's built-in map to see where their friends are in the world.
More:
Snap Newsroom, Mashable, 9to5Mac, Social Media Today, Neowin, Morning Brew, Engadget, and iMore
Tweets: @alexeheath and @martinsfp
| Taylor Soper / GeekWire: |
Microsoft says it has acquired Seattle-based Suplari, which uses AI to identify cost savings in the software procurement process; Suplari has raised $18M — Microsoft has acquired Suplari, a Seattle startup that uses artificial intelligence to help companies understand and get a handle on their spending.| Leah Nylen / Politico: |
In a court filing, AGs from 45 states, DC, and Guam say they will appeal the dismissal of their Facebook antitrust case — Attorneys general from 45 states, D.C. and Guam said they would appeal a June decision that threw out their suit. — A federal judge ruled that the states had waited …
More:
New York Times, Engadget, Reuters, CNBC, and The Hill
Tweets: @ceciliakang and @khushitavasant
| Patrick Howell O'Neill / MIT Technology Review: |
NSO Group confirms that Israeli government officials opened an investigation and visited NSO's Tel Aviv office on Wednesday to assess Pegasus abuse allegations — ‘We want them to check everything,’ says CEO of cybersecurity company implicated in campaigns against politicians, activists and other notable figures.
More:
The Record and VICE
Tweets: @howelloneill, @scottmstedman, @howelloneill, @howelloneill, and @howelloneill
| Danielle Bochove / Bloomberg: |
Shopify beats Q2 expectations with $1.12B revenue, up 57% YoY and surpassing $1B for the first time; gross merchandise volume was up 40% YoY to $42.2B — - Company expects 2021 adjusted earnings to top 2020 results — Revenue surpasses $1 billion for first time in company history
More:
Shopify, TechCrunch, BetaKit, ZDNet, and Financial Times
Tweets: @wolfofharcourt and @matematikern3
| Jonathan Greig / ZDNet: |
PayPal beats with Q2 revenue of $6.24B, up 17% YoY, total payments volume of $311B, up 40% YoY, and 11.4M new active accounts for 403M total; stock down ~5% — PayPal reported a net revenue of $6.24 billion for Q2 while also surpassing 400 million total active accounts.
More:
CoinDesk, Barron's Online, PayPal, Reuters, and CNBC
| Romain Dillet / TechCrunch: |
Algolia, which provides APIs for developers to integrate real-time search into websites and apps, raises $150M Series D at a $2.25B valuation — Algolia has raised a $150 million Series D funding round at a post-money valuation of $2.25 billion. Compared to the Series C round from October 2019 … | Juli Clover / MacRumors: |
Apple's Q3 revenue for Wearables, Home, and Accessories category, which includes Watch and AirPods, was $8.8B, up 36% YoY; nearly 75% of Watch buyers were new — Apple's Wearables, Home, and Accessories category saw strong growth during the third fiscal quarter of 2021, Apple CEO Tim Cook said during today's earnings call.
More:
iThinkDifferent, Business Wire, Barron's Online, Livemint, AppleInsider, and Softpedia News
| Mary Ann Azevedo / TechCrunch: |
QuotaPath, which offers tools to track commissions for sales and revenue teams, raises $21.3M Series A led by Insight Partners — QuotaPath, which has developed a commission-tracking solution for sales and revenue teams, has raised $21.3 million in a Series A funding round led by Insight Partners.
More:
PR Newswire
| Gillian Tan / Bloomberg: |
Lithic, previously Privacy.com, which offers APIs to help businesses issue virtual credit cards, raises $60M, sources say at an $800M valuation — - Bessemer, Index Ventures, Exor also part of fundraising round — Firm's goal is to make issuing cards faster and easier
More:
PYMNTS.com
| Catalin Cimpanu / The Record: |
CISA and FBI, UK's NCSC, and Australia's ACSC issue a joint advisory detailing the most exploited vulnerabilities in 2020 and 2021 — Cyber-security agencies from Australia, the UK, and the US have published a joint advisory today listing the most exploited security flaws throughout 2020 and 2021.
More:
us-cert.cisa.gov, ZDNet, Security Affairs, ComputerWeekly.com, and BleepingComputer
Tweets: @uscert_gov and @fbi
| Riley de León / CNBC: |
Duolingo closes up 36% in its Nasdaq trading debut, giving it a market valuation of nearly $5B, after raising $521M in its IPO — - Language-learning company Duolingo made its market debut Wednesday on the Nasdaq and is now trading under the ticker symbol “DUOL.”
More:
PR Newswire, Reuters, Pittsburgh Business Journal, MarketWatch, Bloomberg, Bloomberg, Reuters, and TechCrunch
| Alex Wilhelm / TechCrunch: |
Contentful, which offers APIs to let companies manage content, raises $175M Series F led by Tiger Global at a ~$3B valuation, after a $80M Series E in June 2020 — Contentful this morning announced a $175 million Series F round of capital, led by Tiger Global, valuing the unicorn at around $3 billion.| Kif Leswing / CNBC: |
Qualcomm Q3: revenue of $8B, up 63% YoY, net income of $2.2B, up 124% YoY, chip segment revenue of $6.47B, up 70% YoY, and a strong Q4 revenue forecast — - Qualcomm revenue was up 63% from the same period last year, and earnings per share more than doubled annually in the quarter that ended on June 27.
More:
Qualcomm
| Sarah McBride / Bloomberg: |
New York-based Synchron says it received FDA approval to test its brain-computer interface, beating Elon Musk's Neuralink and others — A brain-computer interface company is entering clinical trials for its implants in the U.S., a big step toward getting the futuristic devices into more skulls to help treat conditions like paralysis.
Tweets: @tomoxl
| Bloomberg: |
PowerSchool, which develops software used by 70% of K-12 students in the US and Canada, raises $711M in its IPO, selling shares at $18, valuing it at $3.5B — Education software provider PowerSchool Holdings Inc. raised $711 million in an initial public offering priced at the bottom of a marketed range.
More:
Barron's Online and EdSurge
| Bloomberg: |
Insiders suggest China's internet companies, which have long emulated SV's founder-driven model, will align more with China's leadership after tech crackdown — On the fourth floor of a harborside mall on Grand Cayman, not far from touristy scuba-diving outlets and a jerk-chicken shack … Sponsor Posts
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