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February 3, 2022, 9:20 PM
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| Bloomberg: |
Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance — Facebook parent Meta Platforms Inc. is set to shed about $200 billion in market value, in what would be one of the biggest …
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Bloomberg, The Verge, CNBC, Washington Post, Insider, Wall Street Journal, Protocol, Benzinga, The Guardian, Bloomberg, Silicon Valley Business …, CNBC, Fortune, Daring Fireball, BuzzFeed News, Financial Times, Vox, Marketing Dive, PhoneArena, and MacDailyNews
Tweets: @sherman4949, @jeffjarvis, @thestalwart, @r2r, @davidsacks, @silviakillings, @emmakinery, @nedryun, @crystalp, @jackmackenroth, @kevinroose, @rmac18, @rmac18, @stevekovach, @mmasnick, @iwriteok, @swodinsky, @chrisjbakke, @issielapowsky, @donie, @sarahfrier, @joncoopertweets, @joshsternberg, @carnage4life, @bchappatta, @walthickey, @azeem, @franceshaugen, @b52malmet, @thatpetewoods, @catturd2, @sherman4949, @davidsacks, @mikeisaac, @alifarhat79, @amy_siskind, @mikeisaac, @oneunderscore__, @jyarow, @hankgreen, @mailonline, @adamholisky, @mattrosoff, @neilcybart, @davidsacks, and @digitalhen
| Stephanie Condon / ZDNet: |
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and that Google “faces a different set of restrictions from Apple” — Meanwhile, the company accused Apple of favoring Google over app-based platforms like Facebook with its privacy policies
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Bloomberg, New York Times, AdExchanger, CNBC, MacRumors, Wall Street Journal, CNBC, Insider, Macworld, Daring Fireball, ExtremeTech, Ars Technica, Fortune, Gizmodo, Reclaim The Net, and HotHardware.com News
Tweets: @nikitabier, @buccocapital, @talbm2010, @patrickmcgee_, @campuscodi, @jason_kint, @patrickmcgee_, @jason_kint, @alexeheath, @lhfang, @nikitabier, @kurtwagner8, @s8mb, @pt, @amy_siskind, @vickerysec, @parmy, and @nikitabier
| Andrew Hutchinson / Social Media Today: |
Facebook's MAUs rose by 2M in Q4, the slowest QoQ growth in its history; Meta's “Family Monthly Active People” grew by 10M, likely due to WhatsApp and Instagram — Meta has posted its Q4 2021 and full-year performance result, showing a rise in monthly active users … | Parmy Olson / Bloomberg: |
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New York Times, Bloomberg, and Barron's Online
Tweets: @hankgreen, @shiraovide, @rustybrick, @scouseview, @hankgreen, @hankgreen, and @hankgreen
| Amazon: |
Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 15%+ — SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.
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CNET, The Guardian, Wall Street Journal, Engadget, SiliconANGLE, New York Times, Ars Technica, Android Police, Reuters, CNBC, Thurrott, Android Authority, GeekWire, Input, SlashGear, Tom's Guide, and New York Post
Tweets: @epro, @ldrogen, @delrey, @danielnewmanuv, @johnkicklighter, @christeso, @ldignan, @quinnypig, and @joshg_etoro
| Taylor Soper / GeekWire: |
Amazon will raise Prime's annual price by $20 to $139 and its monthly price by $2 to $14.99, on February 18 for new members and March 25 for current members — Amazon is upping the price of Prime, increasing the annual fee of its membership from $119/year to $139/year.
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The Verge, CRN, CNBC, Vox, IGN, Variety, Gizmodo, XDA Developers, Financial Times, CNN, The Seattle Times, Wall Street Journal, USA Today, MarketWatch, Fortune, Yahoo Finance, TechCrunch, Reuters, The A.V. Club, Australian Financial Review, Deadline, Washington Post, ZDNet, Bloomberg, Financial Times, Insider, GameSpot, and Barron's Online
Tweets: @robpegoraro, @eorden, and @richontech
| Annie Palmer / CNBC: |
Amazon breaks out advertising services revenue for the first time, reports $9.7B for Q4, up 32% YoY, $31.2B for FY 2021; subscription services grew 15% to $8.1B — - Amazon shares rallied in extended trading Thursday after the company posted a big earnings beat for the fourth quarter …
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Fortune, AdExchanger, and TheStreet
| Joe Rossignol / MacRumors: |
The US Senate Judiciary Committee approves the Open App Markets Act, which would allow app sideloading and let developers use their own in-app payment systems — The U.S. Senate Judiciary Committee today approved the bipartisan Open App Markets Act, an antitrust bill that would allow …
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Bloomberg, CNBC, iTnews, Axios, 9to5Mac, The Register, PYMNTS.com, SiliconANGLE, iMore, Wccftech, Android Police, and Engadget
| Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q4 revenue of $2.16B, down 10% YoY, net bookings of $2.49B, down 18% YoY, 371M MAUs, down from 397M a year ago — Activision Blizzard's net bookings of $2.49 billion in the fourth quarter ended December 31 short of expectations on Wall Street …
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Activision Blizzard, Washington Post, Windows Central, The Verge, GamesIndustry.biz, Forbes, Bloomberg, MarketWatch, Yahoo Finance, PC Gamer, MobileSyrup, Gamepur, and Wccftech. Tweets: @jordannovet
| Ashley Carman / The Verge: |
Audio: Daniel Ek says Spotify needs exclusives for leverage to land deals with Amazon, Google, and others, and he finds many things Rogan says “very offensive” — He says Spotify is a platform, not a publisher — Spotify CEO Daniel Ek addressed employees about the Joe Rogan controversy …
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New York Times, Protocol, 9to5Mac, Variety, Washington Post, Tubefilter, and Bloomberg
| Lauren Feiner / CNBC: |
Snap reports its first quarterly net profit, with Q4 revenue of $1.3B, up 42% YoY, and net income of $23M; FY 2021 revenue grew 64% to $4.1B; stock is up 55%+ — - Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.
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The Information, The Verge, iTnews, Investopedia, Wall Street Journal, Reuters, Engadget, Barron's Online, Snap Inc., 9to5Mac, MarketWatch, Axios, TechCrunch, Forbes, SiliconANGLE, ZDNet, Quartz, Variety, Deadline, and Hollywood Reporter
| Sam Byford / The Verge: |
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, overtaking the Wii's 101.63M in under five years — A good holiday quarter, but Nintendo cut its forecast — The Nintendo Switch had a relatively strong holiday quarter …
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Nintendo, Bloomberg, CNET, Nintendo, Reuters, Video Games Chronicle, CNBC, TechRadar, Kotaku, Gematsu, Ars Technica, COMICON, MobileSyrup, Game Rant, PCMag, GamesIndustry.biz, Android Authority, and GameSpot
Tweets: @pelstrom and @vladsavov
| Nina Bambysheva / Forbes: |
Trust Machines, which aims to build DeFi apps, DAOs, and NFTs on Stacks, formerly Blockstack, raises $150M from Breyer Capital, GoldenTree, Hivemind, and others — It's summer 2017. Muneeb Ali, a PhD candidate in computer science at Princeton, is finishing his thesis …
More:
Trust Machines, Decrypt, and CoinDesk
Tweets: @muneeb, @stacks, @chris_walker_, and @albertwenger
| James Rubin / CoinDesk: |
A bipartisan group of US representatives reintroduces the Virtual Currency Tax Fairness Act, which would exempt taxes on realized crypto gains under $200 — The legislation by a bipartisan group of House representatives would exempt realized crypto gains under $200.
More:
U.S. Congresswoman …, Blockworks, Coin Center, and The Block
| Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to break into iPhones in 2021; ForcedEntry was also used by NSO Group — A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused …
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Gizmodo, AppleInsider, Computerworld, iPhone in Canada Blog, MacDailyNews, XDA Developers, The Mac Observer, and PhoneArena
Tweets: @jshermcyber, @ericgarland, @stephaniefishm4, @markdistef, @ziya_meral, and @razhael
| Ephrat Livni / New York Times: |
Coinbase partners with TurboTax to let users directly deposit state and federal tax refunds into their accounts and automatically buy cryptocurrency — The software company has teamed up with Coinbase to allow users the option to convert their state and federal tax refunds into cryptocurrency.
More:
The Coinbase Blog, PCMag, Wagers.com Earnings+More, and Decrypt
| Richard Waters / Financial Times: |
Interview with Satya Nadella on Microsoft's Activision Blizzard acquisition, preparing for the metaverse, the future of gaming and workplaces, and more — Not long after being promoted to the role of chief executive at Microsoft, in 2014, Satya Nadella had faced calls to ditch …
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Ars Technica, VentureBeat, Video Games Chronicle, PCWorld, TechSpot, Neowin, Gameranx, and Gizchina
Tweets: @carlquintanilla, @epicureandeal, @ballmatthew, @khalafroula, and @matt_on_tech
| Sarah Perez / TechCrunch: |
Mozilla shuts down Firefox Reality, its web browser launched in 2018 for Oculus and other AR/VR headsets, and directs users to Igalia's upcoming browser Wolvic — A top VR web browser is closing down. Today, Mozilla announced it's shutting down its Firefox Reality browser …
More:
The Mozilla Blog, Igalia, ZDNet, Android Headlines, and The Verge
| Tiernan Ray / ZDNet: |
Pinterest reports Q4 revenue of $847M, up 20% YoY, 431M global MAUs, down 6% YoY, and FY 2021 revenue of $2.6B, up 52% YoY; stock is up 20%+ — Pinterest's monthly average users dropped 6%, year over year, to 431 million, below consensus for 448 million. The decline was largest in the U.S., where users declined 12% to 86 million.
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Bloomberg, Adweek, MarketWatch, Reuters, Investor's Business Daily, CNBC, and Pinterest. Tweets: @carnage4life
| Corbin Davenport / XDA Developers: |
Google releases Flutter 2.10 with stable support for developing Windows apps; macOS and Linux support remains in beta — Google has been working on Flutter for a few years now, with the goal to create the cross-platform software framework of developers' dreams.
More:
Flutter, The Register, SiliconANGLE, Pub Packages for Dart, 9to5Google, and Windows Central. Tweets: @flutterdev
| Dustin Volz / Wall Street Journal: |
White House forms the Cyber Safety Review Board, loosely modeled on NTSB, to investigate major national cybersecurity failures, starting with the Log4j bug — The new panel is loosely modeled on the National Transportation Safety Board and will look into the recently discovered Log4j internet bug
More:
Department of Homeland …, ZDNet, TechCrunch, and Dark Reading
Tweets: @cisajen, @dnvolz, @argvee, @alexstamos, @c_c_krebs, @kent_walker, @dalperovitch, @dnvolz, @anthony, @ericgeller, @marcambinder, @williamturton, @daviduberti, and @dhsgov
| Adi Robertson / The Verge: |
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers — It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
More:
Gamestop Corp., VentureBeat, Wall Street Journal, Blockworks, BeInCrypto, Decrypt, Cointelegraph, CoinDesk, Crypto Briefing, and SiliconANGLE
Tweets: @romudeth and @saraheneedleman
| Natasha Mascarenhas / TechCrunch: |
Mos, a challenger bank for students, raises a $40M Series B led by Tiger Global at a $400M valuation, up from $50M in May 2020 — ‘I wish I had to only convince 1,000 nerds, but we need to convince 20 million students.’ — Human rights activist and Mos founder Amira Yahyaoui couldn't afford …
More:
mosdotcom and San Francisco Business Journal
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