Techmeme
July 29, 2021, 6:40 AM

Top News

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.
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.”
Karissa Bell / Engadget:
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  —  Google delays planned return to offices until mid-October as U.S. companies take new precautions against Delta variant's spread
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
Mary Ann Azevedo / TechCrunch:
Twitter closes its NY and SF offices, two weeks after reopening, and pauses further office reopenings, after “consideration of the CDC's updated guidelines”  —  Just two weeks after reopening its New York and San Francisco offices, social media giant Twitter said Wednesday …
Lauren Feiner / CNBC:
Patrick Klepek / VICE:
Activision Blizzard staffers stage a walkout, demanding fairer treatment for underrepresented staff and an end to arbitration clauses in staff contracts  —  “This is the beginning of an enduring movement in favor of better labor conditions for all employees.”  —  Patrick Klepek
Tiernan Ray / ZDNet:
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA  —  SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable …
Source: OpenAI and GitHubMore: SiliconANGLE
Makena Kelly / The Verge:
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen  —  That's less than the original $100 billion plan  —  On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.
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.
Reuters:
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B  —  Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy …
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.
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 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 to the top of their profiles, the company has announced.

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Women's Day Special: Practical Lessons from Zoho's Women Leaders on Productivity  —  On this International Women's Day, it's great to take a moment to recognize some of the incredible women at Zoho who are making a real difference.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Diggnation:
Diggnation Live in Austin Texas: Old Rivals, New Vision
Kevin Rose and Alex Albrecht give you their unique, sometimes awkward, and always hilarious take on the edges of the internet.
Subscribe to Diggnation.
Techmeme Ride Home:
Is Manus "DeepSeek" 2.0?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Grit:
Boom's Blake Scholl on Supersonic Flight & Risking It All
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Building Lovable: $10M ARR in 60 days with 15 people | Anton Osika (CEO and co-founder)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:40 AM ET, July 29, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Courtney Reagan / CNBC:

Earlier Picks

Tom Warren / The Verge:
Dustin Volz / Wall Street Journal:
Todd Spangler / Variety: