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July 29, 2021, 7:45 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.
| 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.”
More:
The Verge, The Economic Times, BBC, New York Times, Silicon Valley Business …, Hollywood Reporter, AdExchanger, Reuters, iMore, Deadline, Forbes, Axios, Financial Times, and Deadline
| Karissa Bell / Engadget: |
More:
Engadget, The Verge, Business Insider, Trusted Reviews, and Mashable
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
More:
The Keyword, New York Times, Silicon Republic, Computerworld, CNBC, Engadget, Insider, NBC News, NPR, MacRumors, CNN, The Verge, Axios, PYMNTS.com, Washington Post, Mashable, GeekWire, Ad Age, WRAL TechWire, ZDNet, New York Business Journal, Fast Company, Forbes, Neowin, and Newser
| 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 …
More:
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
More:
New York Times, iDownloadBlog.com, Barron's Online, Input, phonearena.com, FrontPageTech.com, CNBC, The Hill, iMore, MacDailyNews, AppleInsider, 9to5Mac, MacRumors, and The Verge
Tweets: @zoeschiffer, @nsags, @michaelsteeber, and @michaelsteeber
| Lauren Feiner / CNBC: |
More:
TechCrunch, Insider, Mashable, Vox, The Register, Gizmodo, Protocol, and San Francisco Chronicle
| 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
More:
Axios, Kotaku, PCMag, Kotaku, The Guardian, NPR, Game Rant, Blizzard Watch, BBC, Axios, Activision Blizzard, PC Games Insider, MCV/DEVELOP, Pocket Gamer.biz, VentureBeat, dexerto.com, The Verge, SiliconANGLE, Wired, Washington Post, and Gamasutra
Tweets: @warcraft, @stephentotilo, @megan_nicolett, @stephentotilo, @bmkibler, @leslee_annsh, @jonnypeltz, @heyitsmickey__, @laurenkgurley, @jasonschreier, @megan_nicolett, @atvi_ab, @karinewindy, @cydereal, @lizshuler, @crashwong, @msminotaur, @automaticzen, @braydonbeaulieu, @alexandraerin, @luceobrien, @toadsanime, @davidgaider, @kossuel, @madqueenshow, @stevesaylor, @teamcoworker, @megan_nicolett, @zoeschiffer, @chrissyxchi, @megan_nicolett, @megan_nicolett, @genepark, @notdollie, @shannon_liao, @shannon_liao, @normality, and @starfire2258
| 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:
Bloomberg, The Economic Times, 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 … | 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 … | 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.
More:
Bloomberg Law and The Block
Tweets: @basedkarbon, @rleshner, @smtrades_, @ledgerstatus, and @rulexrp
| Makena Kelly / The Verge: |
More:
The White House, NBC News, The Hill, Ars Technica, and FierceTelecom
Tweets: @markwarner, @yfreemark, @govpritzker, and @quinnypig
| 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, The Register, Beyond Search, calcalist, iTnews, AppleInsider, The Economic Times, and VICE
| 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, SiliconANGLE, Thurrott, Barron's Online, and Android Central
Tweets: @samifathi_, @stephennellis, @stephennellis, and @samifathi_
| 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:
Nikkei Asia, Wall Street Journal, Trusted Reviews, Engadget, SamMobile, Bloomberg, SiliconANGLE, ZDNet, and Reuters
| 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
| 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.
More:
Twitter, Mashable, Fortune, NBC News, Social Media Today, and PYMNTS.com
Tweets: @twittersupport, @44, @kiruti, @hamburger, @wongmjane, @richlightshed, @dangrover, @sep, @modestproposal1, @kayvz, @carnage4life, and @martinsfp
| 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 …
More:
Anchorage Digital, The Block, Cointelegraph, and CoinDesk
| 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:
PR Newswire, Tech in Asia, Reuters, and CNBC
| Thomas Seal / Bloomberg: |
Inmarsat, the UK's largest satellite company, says it plans to launch low-orbit spacecraft and establish a 5G wireless network, competing with SpaceX and OneWeb — - Operator reveals roadmap to add 5G and at least 150 satellites — Joins wave of investment in 5G and low-earth orbit spacecraft
More:
ShipInsight and Business Wire
Sponsor Posts
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