Techmeme
February 2, 2022, 8:30 PM

Top News

Lauren Feiner / CNBC:
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+  —  - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
Meta:
Meta breaks out Facebook, Instagram, Messenger, and WhatsApp as Family of Apps, with Q4 revenue of $32.8B, up 20% YoY, and will adopt the META ticker in H1 2022  —  Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
Washington Post:
Meta reports its first-ever sequential decline in global Facebook daily active users, falling from 1.930B to 1.929B QoQ  —  The slowing growth is taking place as the company pushes into the metaverse and hardware.  —  Facebook parent Meta's quarterly earnings report on Wednesday revealed …
Anna Edgerton / Bloomberg:
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.
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.
Catalin Cimpanu / The Record:
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ether, and has moved its site into maintenance mode  —  A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
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 …
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 …
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.”
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.
J. Clara Chan / The Hollywood Reporter:
Spotify reports Q4 revenue of €2.69B, up 24% YoY, 406M MAUs, up 18% YoY, and ad-supported revenue of €394M, up 40% YoY and 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.
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:
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?'
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 …
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
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 …
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.
More: ZDNet and Thurrott
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.

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