Techmeme
February 4, 2022, 4:05 AM

Top News

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.
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 …
Taylor Soper / GeekWire:
Amazon will raise Prime's US prices by $20 to $139 per year and by $2 to $14.99 per month, 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.
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 …
Parmy Olson / Bloomberg:
Stephanie Condon / ZDNet:
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 …
Andrew Thurman / CoinDesk:
Wormhole's parent company replaces $322M worth of ETH stolen by a hacker on Wednesday; the bridge's operations resumed after the attack vector was patched  —  Wormhole's parent company has stepped in to prevent chaos across the Solana DeFi landscape.  —  After one of the most devastating exploits …
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.
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 …
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 …

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Knowledge management vs. document management  —  Document management is the process of storing and tracking documented information within the organization, while knowledge management is a more broader approach …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Wed. 11/27 - OpenAI Suspends Sora
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:05 AM ET, February 4, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Dustin Volz / Wall Street Journal:
Richard Waters / Financial Times:

Earlier Picks

Adi Robertson / The Verge:
Financial Times:
Reuters:
Sam Byford / The Verge: