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February 3, 2022, 2:20 PM
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| Bloomberg: |
Meta opens down 24%+, erasing $200B+ from its market cap, the biggest loss of market value in single day 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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Washington Post, The Verge, Wall Street Journal, CNBC, Insider, Mercury News, Bloomberg, San Francisco Business Journal, PhoneArena, Reuters, The Economic Times, Dexerto, Bloomberg, Bloomberg, The Guardian, MarketWatch, Al Jazeera, MarketWatch, Bloomberg, Philip Elmer‑DeWitt, and Fortune
Tweets: @r2r, @mmasnick, @thatpetewoods, @mailonline, @bchappatta, @b52malmet, @mikeisaac, @digitalhen, @carnage4life, @azeem, @jyarow, @neilcybart, and @davidzmorris
| 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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CNBC, CNBC, HotHardware.com News, Ars Technica, Financial Times, Macworld, Livemint, Bloomberg, DCD, PhoneArena, Neowin, WRAL TechWire, diginomica, Philip Elmer‑DeWitt, iThinkDifferent, iPhone in Canada Blog, The Economic Times, and CNN
| Parmy Olson / Bloomberg: |
Meta and Alphabet are the least diversified of the tech giants, relying on ads for 98% and 81% of revenue, respectively, a long-neglected vulnerability — Alphabet Inc. and Meta Platforms Inc., the world's biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021.
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New York Times, Barron's Online, Reuters, and Bloomberg
Tweets: @rustybrick, @scouseview, @astaniscia86, and @parmy
| 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, Reuters, XDA Developers, Engadget, Game Developer, Nintendo, International Business Times, Video Games Chronicle, Android Authority, Kotaku, CNBC, Club386, iPhone in Canada Blog, TechSpot, 9to5Toys, VentureBeat, and VentureBeat
Tweets: @pelstrom, @vladsavov, and @6d6f636869
| Washington Post: |
Meta reports its first-ever sequential decline in global Facebook daily active users, falling from 1.930B to 1.929B QoQ — Facebook parent Meta's stock nosedives in after-hour trading as the company refocuses on the metaverse. — Facebook parent Meta's quarterly earnings report …
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The Verge, Meta, Business Standard, New York Post, Gizmodo, Forbes, Moneycontrol, Protocol, Newser, Insider, PCMag, and XDA Developers
Tweets: @loukas_rs, @thomasfuchs, @kevinroose, @alexeheath, @hotlinejosh, @wongmjane, @s8mb, @gerritd, and @raguileramx
| 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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Protocol, Insider, Variety, Engadget, and iLounge
Tweets: @gerritd, @lucas_shaw, @jdanbishop, @carnage4life, @nitashatiku, @ericnewcomer, @willoremus, @karlbode, @ericnewcomer, and @reckless
| J. Clara Chan / The Hollywood Reporter: |
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Protocol, New York Times, Seeking Alpha, Spotify, The Independent, The Verge, Variety, and Reuters
Tweets: @thedavidcrosby, @dada_drummer, @taradbennett, and @ggreenwald
| Los Angeles Times: |
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NBC News, TNW, and WRAL TechWire
Tweets: @mattdpearce, @ericnewcomer, @ashleyrcarman, @reckless, @pt, @jamessurowiecki, @markmilian, @amlwhere, @can, @johnmoe, @reckless, @shallowbrigade, @broosemiller, @mattdpearce, @baekdal, @karlitaliliana, @ericnewcomer, @broderick, @jamessurowiecki, @mmasnick, @unvisible_f, and @tommytomlinson
| 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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Computerworld, AppleInsider, XDA Developers, PhoneArena, iPhone in Canada Blog, MacDailyNews, The Mac Observer, and 9to5Mac
Tweets: @ericgarland, @caseynewton, @jshermcyber, @stephaniefishm4, @markdistef, @ziya_meral, @razhael, @snlyngaas, and @pearswick
| 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, Axios, Engadget, Android Police, AppleInsider, and Wccftech
Tweets: @marshablackburn, @markgurman, @ericmigi, @jason_kint, and @saramorrison
| Catalin Cimpanu / The Record: |
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ETH and moves its site into maintenance mode; Wormhole is offering a $10M “bug bounty” — A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
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Elliptic Blog, CNBC, Threatpost, Decrypt, The Verge, Bloomberg, CoinDesk, PYMNTS.com, Security Affairs, Tom's Hardware, TheStreet, CryptoPotato, The Block, Market Meditations, VICE, CyberScoop, Forbes, Crypto Daily, ZyCrypto, Ethereum World News, TechCrunch, Crypto Briefing, Crowdfund Insider, Malwarebytes Labs, and Coinspeaker
| 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 … | 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 — Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.
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VentureBeat, Ars Technica, Windows Central, Video Games Chronicle, and Beyond Search
Tweets: @ballmatthew, @carlquintanilla, @matt_on_tech, @epicureandeal, and @khalafroula
| 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.
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9to5Mac, Wall Street Journal, MacRumors, Bloomberg, USA Today, Fortune, Financial Times, Telegraph, Deadline, CNN, Decrypt, Forbes, Engadget, iMore, Forest's Newsletter, Telecoms.com, and Winvesta Crisps
Tweets: @nikitabier, @talbm2010, @annaedge4, @buccocapital, @shiraovide, @mikeisaac, @profgalloway, @caseynewton, @ferrotv, @sarahfrier, @benbn, @nikitabier, @firstadopter, @dougboneparth, @amy_siskind, @benbn, @swodinsky, @gassee, @kaileyleinz, @timobrien, @munster_gene, @gunjanjs, @rachelmetz, @htsfhickey, @emilydreyfuss, and @gregmfitz
| Meta: |
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Associated Press, The i Paper, Bloomberg, Variety, Mobile Dev Memo, GeekWire, Reclaim The Net, Yahoo News, Finbold, BeInCrypto, TechSpot, Insider, Ubergizmo, iPhone Hacks, ВІС …, and PhoneArena
Tweets: @willoremus, @alexeheath, @willoremus, @kurtwagner8, @kevinroose, @j_b_horne, @errorjustin, @advodude, @simonhania, and @gerberkawasaki
| Janko Roettgers / Protocol: |
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GamesIndustry.biz, thegamer.com, WRAL TechWire, The Register, news.com.au, and UploadVR
Tweets: @levynews, @mikeisaac, and @sivavaid
| Ax Sharma / BleepingComputer: |
The Conti ransomware group hits major British snack producer KP Snacks, affecting the supply of Skips, Hula Hoops, McCoy's, and others to leading supermarkets — KP Snacks, a major producer of popular British snacks has been hit by the Conti ransomware group affecting distribution to leading supermarkets.
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betterRetailing, The Guardian, The Register, BetaNews, BBC, The i Paper, Sky News, Telegraph, and Bloomberg
Tweets: @iblametom, @jimwaterson, and @gossithedog
| Brandy Betz / CoinDesk: |
Tribal Credit, a B2B payments service used in 22 countries, raises a $60M Series B led by SoftBank Latin America Fund, bringing its total funding to $140M — Tribal Credit, a business-to-business payments and financing platform for emerging markets, has raised $60 million in a Series B funding round led … | Saritha Rai / Bloomberg: |
Counterpoint: Apple shipped 2.3M iPhones in India in Q4, up 34% YoY; Xiaomi shipped 9.3M smartphones, up 2% YoY, and Samsung shipped 7.2M, down 8% YoY — Apple Inc. had its strongest quarter for iPhone sales in India yet, a sign the Cupertino, Calif.-based company is finally making progress …
Source:
Counterpoint Research. More:
Philip Elmer‑DeWitt, South China Morning Post, AppleInsider, MacDailyNews, iPhone in Canada Blog, Apple Must, TechCircle, Android Central, and 9to5Mac
Tweets: @bloombergquint, @tarunpathak, @tarunpathak, and @neiltwitz
| 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 … | 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 …
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Sequoia Capital US/Europe. Tweets: @ashleymayer, @wolfejosh, @jesskah, @lux_capital, @deenashakir, and @nmasc_. Thanks:@nmasc_
| Manish Singh / TechCrunch: |
Bengaluru-based Jar, a daily savings app that lets users invest in “digital gold”, raises a $32M Series A led by Tiger Global, sources say at a $200M+ valuation — A seven-month-old fintech app that is helping millions of Indians to begin their investment and saving journeys …
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Tech.eu, The Economic Times, and Entrackr
| 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 …, Cybersecurity Dive, and TechCrunch
Tweets: @cisajen, @argvee, @dnvolz, @dalperovitch, @dnvolz, @dhsgov, @anthony, @ericgeller, @marcambinder, @williamturton, and @wsjpolitics
| Financial Times: |
Sources: Yuga Labs, the startup behind Bored Ape Yacht Club NFTs, is in talks to raise funds from a16z at a $4B-$5B valuation, its first outside funding — NFTs pioneer Yuga Labs seeks $4bn-$5bn valuation from Silicon Valley investor — The start-up behind Bored Ape Yacht Club … Sponsor Posts
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