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February 2, 2022, 5:30 PM
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memeorandum
WeSmirchTop News
| Lauren Feiner / CNBC: |
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, but misses with EPS $3.67 vs. $3.84; stock down 15%+ on a weak forecast — - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
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Washington Post, Bloomberg, ZDNet, CNN, New York Times, Financial Times, Wall Street Journal, Deadline, Insider, Sky News, Reuters, Benzinga, The Hollywood Reporter, Shacknews, Yahoo News, FXStreet, and Investopedia
Tweets: @buccocapital, @mikeisaac, @sarahfrier, @kantrowitz, @kurtwagner8, @stevenlevy, @kantrowitz, @michaelbatnick, @ferrotv, @buccocapital, @buccocapital, @caseynewton, @kurtwagner8, @kurtwagner8, @kurtwagner8, @shannonpareil, @kurtwagner8, @azeem, @kantrowitz, @kurtwagner8, @ceciliakang, @caseynewton, @lizzadwoskin, @mikeisaac, @mikeisaac, @rustybrick, and @mikeisaac
| Facebook: |
Meta reports Family of Apps revenue of $32.8B and will change its ticker symbol from FB to META in H1 2022; Reality Labs lost $10.2B in 2021 on $877M revenue — Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
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Protocol, TechCrunch, The Guardian, CoinDesk, Associated Press, VentureBeat, Reuters, CNET, CNBC, Irish Examiner, The Wrap, MarketWatch, Fox Business, Variety, SlashGear, Patently Apple, Shacknews, Investing.com, Shacknews, Shacknews, and ZeroHedge
Tweets: @willoremus, @willoremus, @mhbergen, @levynews, @jyarow, and @stevekovach
| Jon Porter / The Verge: |
Elon Musk announces $500/month Starlink Premium, claiming 150Mbps-500Mbps download speeds, up from 50Mbps-250Mbps, and doubling upload speeds to 20Mbps-40Mbps — The new antenna carries an upfront cost of $2500 — SpaceX's satellite internet service Starlink is getting a pricey new high-performance tier called Starlink Premium.
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International Business Times, Protocol, Gizmodo, CNBC, Insider, Light Reading, Tom's Guide, New York Post, ZDNet, Ars Technica, TechRadar, Input, PCMag, Telecompetitor, iPhone in Canada Blog, MUO, HotHardware.com News, Waivly, TechCrunch, SlashGear, TechSpot, KnowTechie, Android Authority, Mashable, Slashdot, and MobileSyrup
Tweets: @elonmusk, @elonmusk, @laurengoode, @epro, @c_s_skeptic, and @mattophobia
| Andy Greenberg / Wired: |
A profile of US hacker P4x, who says he is responsible for ongoing North Korean internet outages and frustrated by the US' lack of response to DPRK attacks — Disappointed with the lack of US response to the Hermit Kingdom's attacks against US security researchers, one hacker took matters into his own hands.
More:
Gizmodo and DataBreaches.net
Tweets: @a_greenberg, @zachsdorfman, @ericgeller, @williamturton, @weldpond, @msrmichaelson, @snlyngaas, and @nktpnd
| Stephanie Bodoni / Bloomberg: |
Belgium's data watchdog fines IAB Europe €250K after finding its ad-targeting tool violates GDPR, and orders a “series of remedies” within two months — IAB Europe, an association for online advertising companies, was fined 250,000 euros ($282,690) and handed an ultimatum …
More:
Irish Council …, IAB Europe, Protocol, The Irish Times, AdExchanger, TechCrunch, Euractiv, Engadget, and infosecurity-magazine.com
| James Vincent / The Verge: |
DeepMind details AlphaCode, a new AI coding engine that it says “writes computer programs at a competitive level” — AlphaCode is good, but not great — not yet — DeepMind has created an AI system named AlphaCode that it says “writes computer programs at a competitive level.”
More:
Deepmind, VentureBeat, BBC, TechCrunch, 9to5Google, and Financial Times
Tweets: @deepmind, @nachosoto, @jjvincent, @buckwoodymsft, @demishassabis, @westcoastbill, and @jjvincent
| Sharon Pruitt-Young / NPR: |
The FBI warns athletes attending the 2022 Winter Olympics and Paralympics in China to take burner phones and says the official MY2022 app poses a security risk — Athletes on their way to the 2022 Winter Olympics have a new item to add to their packing list: a burner phone.
Source:
CISA. More:
BBC, ZDNet, Threatpost, Wired, The Hill, Protocol, Social Media IO Roundup, SecurityWeek, cybernews.com, Axios, TechCircle, TechRadar, Android Authority, Gizchina, IT Management, and Dark Reading
| Ben Thompson / Stratechery: |
How the acquisitions of Zynga by Take-Two, Activision Blizzard by Microsoft, and Bungie by Sony reveal an industry evolution that extends far beyond gaming — Another week, another gaming acquisition. First Take-Two acquired Zynga, then Microsoft acquired Activision-Blizzard … | Nathan Grayson / Washington Post: |
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GamesIndustry.biz, Video Games Chronicle, Polygon, Gamereactor UK, Hit Points, and GamingBolt
| Catalin Cimpanu / The Record: |
GitHub, which owns the npm JavaScript package manager, enrolls the maintainers of npm's 100 most popular libraries into mandatory two-factor authentication — The administrators of the Node Package Manager (npm), the largest package repository of the JavaScript ecosystem … | Wall Street Journal: |
A look at the injuries users sustain while gaming with their VR headsets, which commonly come with safety tips like clearing out furniture and staying seated — Tally includes broken vases, dislocated shoulders, injured girlfriends; 'Why don't you go to the gym like a normal person?'
More:
Slashdot. Tweets: @robicellis, @mikeelgan, @rmac18, @jessreports, @robicellis, @robicellis, @stlplace, @robicellis, and @robicellis
| Jordan Novet / CNBC: |
Alphabet says its board has approved a 20-for-1 stock split, slated for July 15 with shareholder approval on July 1; Google last split its stock in April 2014 — - Before the Alphabet rebrand in 2015, Google effectively split its stock with the introduction of a third class of shares.| Nathan Ingraham / Engadget: |
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Android Police, CNBC, Liliputing, 9to5Google, Android Headlines, iPhone in Canada Blog, Ars Technica, PhoneArena, and Droid Life
Tweets: @hughlangley, @saschasegan, @androidpolice, @marketrebels, and @androidcentral
| Jennifer Elias / CNBC: |
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Search Engine Land, AdExchanger, The Economic Times, Wall Street Journal, The Motley Fool, Seeking Alpha, Silicon Valley Business …, Tubefilter, Winvesta Crisps, Reuters, Music Ally, Silicon Republic, PYMNTS.com, Bloomberg, CNET, Protocol, Variety, City A.M., Investor's Business Daily, Yahoo Finance, Adweek, and MarketWatch
Tweets: @jeffnolan, @philippecorbe, @jason_kint, @neilcybart, @asymco, @robzepeda, @chrispavlovski, @levynews, @jason_kint, @jason_kint, @jaminball, and @shiraovide
| Sam Byford / The Verge: |
Sony reports Q3 gaming revenue fell 8% YoY to ~$7.09B, operating profit rose 12.1% YoY to ~$810M; Sony shipped 3.9M PS5 consoles, bringing the total to 17.3M — The PS4 had sold more at this point — Sony shipped just 3.9 million PlayStation 5 consoles in its all-important holiday quarter …
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Engadget, GamesIndustry.biz, Tech Advisor, The Information, Kotaku, VentureBeat, Reuters, SlashGear, Android Headlines, ExtremeTech, Tom's Guide, Thurrott, TechSpot, iPhone in Canada Blog, Bloomberg, Gameranx, Pocketnow, Game Developer, KnowTechie, and Deadline
Tweets: @tomwarren and @vladsavov
| Yogita Khatri / The Block: |
Dune Analytics, which makes crypto data charts and dashboards, raises a $69.420M Series B at a $1B valuation led by Coatue, bringing its total funding to $80M — Quick Take — Dune Analytics has hit a valuation of $1 billion with its Series B round. — Dune has big plans in place …
More:
dune.xyz, Decrypt, TechCrunch, PR Newswire, Crypto Daily, Cointelegraph, CoinDesk, ArcticStartup, and Blockworks. Tweets: @mdudas
| Wall Street Journal: |
The US Commerce Department is finalizing rules for apps deemed to be national security risks, like TikTok, including mandatory third-party audits and monitoring — Commerce Department proposes rule to widen restrictions on Chinese apps; Sen. Marco Rubio says administration is taking timid steps on data security| Russell Brandom / The Verge: |
How OpenSea became synonymous with the NFT boom, hiding the complexity of ERC-721 transactions for a mass audience; OpenSea made $386M from fees in January 2022 — On a cold day in January, NFTs started disappearing. Major services like MetaMask and Twitter were suddenly unable …
Tweets: @russellbrandom and @reckless
| J. Clara Chan / The Hollywood Reporter: |
Spotify reports Q4 revenue of $3.04B, up 24% YoY , MAUs of 406M, up 18% YoY, and Ad-Supported revenue of $445M, a record 15% of total revenue — The audio giant reported earnings as a growing list of musicians and podcasters leave the platform over its handling of misinformation on Joe Rogan's podcast.
More:
Bloomberg, Spotify, and Wall Street Journal
Tweets: @chriswelch, @lucas_shaw, @anthony, @lucas_shaw, @lucas_shaw, @lucas_shaw, and @sarafischer
| Kif Leswing / CNBC: |
Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY — - Qualcomm reported first-quarter earnings Wednesday after the bell. — Qualcomm's chip business grew 35% driven by handset chip sales.| Janko Roettgers / Protocol: |
Startups have begun selling and renting out AR spaces tied to real-world addresses, raising questions about who should have the rights to a property's AR layer — It's the stuff of nightmares: The other day, I found my property occupied by a stranger, who was renting it out, Airbnb style.
Tweets: @pierce, @amywebb, @jank0, @dlberes, @timgrieve, @ldrogen, and @mollyxbrady
| Anna Edgerton / Bloomberg: |
Sources: Meta is quietly explaining its metaverse vision to conservative think tanks and nonprofits, seeking to blunt expected criticism from lawmakers in DC — Mark Zuckerberg has a problem money can't fix: convincing Capitol Hill that the metaverse — whatever that is — isn't evil.| Laurens Cerulus / Politico: |
The European Commission publishes a plan to bolster its influence in creating global tech standards, seeking to challenge the US and China and their companies — The EU is taking a “Europe First” approach to technological standardization. — The European Commission on Wednesday presented …
More:
Financial Times, New York Times, European Commission, and ExchangeWire.com
| Aditya Kalra / Reuters: |
Sources: Indian officials have held tense and heated discussions with Meta, Google, Twitter, ShareChat, and Koo over proactively removing “fake news” — Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described …
More:
Protocol, Inc42 Media, Android Central, and The Information Ecologist
Tweets: @apar1984, @apar1984, @nihamasih, @wexler, @adityakalra, @seemay, @apar1984, and @yashjournals
| Kyle Wiggers / VentureBeat: |
Montreal-based Wrk, which automates common enterprise workflows using bots, APIs, and robotic process automation, raises ~$43M across seed, Series A, and debt — An enduring feature of the pandemic will be the increased deployment of automation in the enterprise.
More:
BetaKit, SiliconANGLE, and PR Newswire
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