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July 29, 2021, 10:10 AM
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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.
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Reuters, Protocol, CNBC, MacRumors, Stratechery, Axios, CNET, CNN, 9to5Mac, Bloomberg, WRAL TechWire, phonearena.com, The Economic Times, PYMNTS.com, Ubergizmo, Pixel Envy, MacDailyNews, AppleInsider, Investor's Business Daily, MarketWatch, Deadline, and The Guardian
Tweets: @shiringhaffary, @ryanfduffy, @mylesudland, @smdiehl, @swiftstories, @jason_kint, @jason_kint, @caro_milanesi, @parismarx, @silvermanjacob, @jason_kint, @lizthegrey, @thekenyeung, @jason_kint, @karissabe, @jack, @jamesliamcook, @william_partin, @cnbcnow, @rezendi, @chrisinsilico, @caro_milanesi, @cnbc, @caro_milanesi, @jordannovet, and @micsolana
| 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.”
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The Verge, The Economic Times, BBC, New York Times, AdExchanger, Silicon Valley Business …, Hollywood Reporter, Reuters, iMore, and Forbes
| Karissa Bell / Engadget: |
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The Verge, Engadget, Business Insider, Mashable, and Trusted Reviews
Tweets: @anthonyquintano, @turnernovak, @jason_kint, @joshgnosis, @pt, @niinegames, @finchstrife, @codepo8, @seldo, @amcmanus, and @tprstly
| 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
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The Keyword, iThinkDifferent, Barron's Online, CNBC, CNET, Silicon Republic, Computerworld, Insider, TechSpot, NPR, NBC News, CNN, The Irish Times, MacRumors, The Verge, PYMNTS.com, Axios, and Washington Post
| 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 …
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Bloomberg and The Economic Times
Tweets: @carnage4life, @sarthakgh, @migueldeicaza, @kateclarktweets, @seldo, and @carnage4life
| 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
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WRAL TechWire, New York Times, iDownloadBlog.com, The Verge, Barron's Online, Input, phonearena.com, and FrontPageTech.com
Tweets: @zoeschiffer, @michaelsteeber, @michaelsteeber, and @nsags
| Lauren Feiner / CNBC: |
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PCMag, Mashable, TechCrunch, The Register, Vox, Gizmodo, and Protocol
| 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
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Kotaku, Axios, GamesIndustry.biz, Kotaku, PCMag, The Guardian, Game Rant, Blizzard Watch, BBC, Gamasutra, Activision Blizzard, PC Games Insider, MCV/DEVELOP, VentureBeat, Wired, SiliconANGLE, dexerto.com, Pocket Gamer.biz, The Verge, and Washington Post
Tweets: @warcraft, @stephentotilo, @megan_nicolett, @stephentotilo, @bmkibler, @jonnypeltz, @oliviasolon, @leslee_annsh, @laurenkgurley, @jasonschreier, @megan_nicolett, @atvi_ab, @karinewindy, @lizshuler, @msminotaur, @automaticzen, @braydonbeaulieu, @alexandraerin, @luceobrien, @toadsanime, @heyitsmickey__, @crashwong, @madqueenshow, @kossuel, @cydereal, @davidgaider, @stevesaylor, @teamcoworker, @megan_nicolett, @zoeschiffer, and @chrissyxchi
| Ryne Hager / Android Police: |
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1 — Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements … | Jing Yang / Wall Street Journal: |
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO — Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
More:
South China Morning Post, Barron's Online, PYMNTS.com, MarketWatch, The Economic Times, Bloomberg, Reuters, Business Wire, CNBC, and Financial Times
Tweets: @jingyanghk, @jingyanghk, @jingyanghk, @kushkatakia, and @joshchin
| 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 …
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GlobeNewswire News Room, CNN, Decrypt, CNBC, Finextra, Crunchbase News, MarketWatch, New York Times, PYMNTS.com, Bloomberg, Axios, The Irish Times, Silicon Republic, PitchBook, Associated Press, Wall Street Journal, Forbes, Reuters, Bloomberg, blockchain.news, Tech News, Silicon Valley Business …, The Information, Insider, Bloomberg, and Axios
| Karen Hao / MIT Technology Review: |
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation — Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
Tweets: @techreview, @fboversight, @dellcam, @nmatini, @szhang_ds, @szhang_ds, @niallfirth, @szhang_ds, @szhang_ds, and @dellcam
| Nikhilesh De / CoinDesk: |
New bipartisan infrastructure bill in Congress aims to raise ~$30B by imposing new taxes on exchanges trading digital assets including crypto — The draft language could mean a number of individuals interacting with crypto may have to start reporting their transactions.| Makena Kelly / The Verge: |
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The White House, NBC News, The Hill, Ars Technica, and FierceTelecom
Tweets: @markwarner, @yfreemark, @govpritzker, and @quinnypig
| 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 … | 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.
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The Record, The Register, Beyond Search, calcalist, and iTnews
| Steven Musil / CNET: |
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ — Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand …
Source:
Samsung Global Newsroom. More:
Thurrott, Nikkei Asia, Reuters, Gizchina, Android Headlines, Wall Street Journal, Engadget, SamMobile, SiliconANGLE, ZDNet, and Bloomberg
| Yogita Khatri / The Block: |
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures — Quick Take — Crypto trading and lending platform Vauld has raised $25 million in a Series A funding round led by Peter Thiel's Valar Ventures.| Jeff Benson / Decrypt: |
US Marshals Service has given a $6.6M+ contract to crypto startup Anchorage to manage seized crypto assets; BitGo had won a similar $4.5M contract in April — The U.S. Marshals Service, a branch of the Department of Justice charged with tracking down fugitives, has given a contract worth …
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Anchorage Digital, ZDNet, Blockonomi, The Block, and Cointelegraph
| Eric Newcomer / Newcomer: |
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up — Bessemer Venture Partners is a thoughtful firm in a world of loose money. — 4 hr ago — In 2009, Ethan Kurzweil …
Tweets: @ericnewcomer, @sarthakgh, @jasonlk, @ericnewcomer, @ericnewcomer, and @sajithpai
| 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, Light Reading, Thurrott, SiliconANGLE, Barron's Online, and Android Central
Tweets: @samifathi_, @stephennellis, @stephennellis, and @samifathi_
| Tage Kene-Okafor / TechCrunch: |
Cairo and Dubai-based Swvl, a bus-hailing and ridesharing provider in emerging markets, plans to go public in the US in a SPAC merger at a valuation of ~$1.5B — Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen's Gambit Growth Capital, Swvl said Tuesday.
More:
Disrupt Africa, PR Newswire, Tech in Asia, Reuters, and CNBC
| Sean Hollister / The Verge: |
Hands-on with Intel's new NUC 11 Extreme, aka “Beast Canyon”, which has an 8-liter chassis for larger gaming components, starting at ~$1,150 for i7 — This 8-liter desktop upgrades in a snap — Building your own gaming PC is a labor of love. It's not something that needs to be “easier,” exactly.| Bloomberg: |
As China expands oversight, Tencent's value dropped 23% in July, erasing ~$170B; nine of the top 10 losers in shareholder value in July were Chinese companies — - Tech giant is set to see its worst month ever after selloff — Nine of top 10 market value losers in July are Chinese firms| Alexandra Marvar / The Verge: |
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm — Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.| Chris Welch / The Verge: |
Nothing Ear (1) wireless earbuds review: comfortable, unique transparent design and lots of features, but buggy performance and so-so noise cancellation — Standout design, noise cancellation, and wireless charging for $99 — There's a lot riding on the Ear 1 wireless earbuds …
More:
Engadget, 9to5Google, Gizmodo, TechCrunch, Tom's Guide, Wired UK, Digital Trends, and Android Central
| Youkyung Lee / Bloomberg: |
Filing: Korean game studio Krafton, which develops PlayerUnknown's Battlegrounds, is set to raise $3.8B during a Seoul IPO, valuing the company at ~$21.2B — - Game developer sets share price at top of revised range — IPO values Tencent-backed developer at $21.2 billion
More:
The Korea Herald and PC Games Insider
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