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July 26, 2022, 7:05 PM
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WeSmirchTop News
| Ashley Capoot / CNBC: |
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is “a test” that is “not yet good” and that the app has to lean into the shift to video — - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.
Source:
@mosseri. More:
NPR, BuzzFeed News, XDA Developers, Tubefilter, TechCrunch, iPhone in Canada Blog, The Verge, Engadget, SlashGear, VICE, PetaPixel, and Input
Tweets: @lessin, @mosseri, @balajis, @alexisohanian, @karenattiah, @edzitron, @boxofhamsters, @chrismessina, @jeffhorwitz, @davidchoimusic, @mosseri, @benedictevans, @blackamazon, @yaeleisenstat, @cristinacriddle, @mosseri, @coopercooperco, @vermontgmg, @rmac18, @lorakolodny, @sarahfrier, @benedictevans, @davechensky, @mrmedina, @ashleycapoot, @joeljohnson, @motherquoter, @nikostratis, @can, @mosseri, @laurengoode, @j_zimms, @mosseri, @modernistwitch, @kocienda, @_zeets, @bdgrabinski, @nbashaw, @vmarks, @jeffnolan, @tristandross, @_zeets, @broderick, @limitlessjest, @turnernovak, @nbcsandiego, @tomscocca, @seyitaylor, @iambrandontv, @technacity, @benedictevans, and @sarahfrier
| Travis Clark / Insider: |
Kylie Jenner and Kim Kardashian post Stories sharing a petition to “Make Instagram Instagram Again” and “stop trying to be TikTok” that has 150K+ signatures — - Kylie Jenner and Kim Kardashian called on Instagram to “stop trying to be TikTok” on Monday.
More:
Change.org, The Verge, Axios, MacRumors, New York Times, NBC News, The Hill, Social Media Today, dot.LA, BBC, Variety, The Guardian, 9to5Mac, and VICE
| Microsoft - Investor Relations: |
Microsoft reports Q4 revenue up 12% YoY to $51.87B, net income up 2% YoY to $16.7B, Azure up 40% YoY, LinkedIn up 26% YoY, Surface up 10% YoY, and Xbox down 6% — REDMOND, Wash. — July 26, 2022 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2022 …
More:
The Verge, Game Developer, Windows Central, GeekWire, and VentureBeat
Tweets: @samro, @nextgenplayer, @samro, @munster_gene, and @patrickmoorhead
| Daniel Rubino / Windows Central: |
Microsoft's Q4 Surface revenue increased 10% YoY, driven by commercial PC sales, as Windows OEM revenue declined 2% YoY due to PC production shutdowns in China — Production shutdowns hampered commercial PC sales, but Microsoft's Surface met expectations due to enterprise purchases.| Jordan Novet / CNBC: |
Microsoft misses Q4 estimates with $51.87B in revenue, vs. $52.44B estimated, citing changing exchange rates plus challenges in the advertising and PC markets — - Microsoft's revenue and income fell short, as did the company's revenue from Azure and other cloud services.
More:
Seattle Business Journal, Reuters, Windows Central, Bloomberg, and OnMSFT.com
Tweets: @toddbishop and @cnbcnow
| Ian Hamilton / UploadVR: |
Meta plans to increase the prices of its Quest 2 headsets to $400 for 128GB and $500 for 256GB on August 1, and bundle Beat Saber for free through December 31 — The price for a new Quest 2 is jumping to $399 as Meta says “the costs to make and ship our products have been on the rise.”
More:
Meta Quest, The Verge, XDA Developers, MacRumors, Road to VR, Gizmodo, VentureBeat, PCWorld, Android Authority, Reuters, Wired, GamingBolt, Engadget, SlashGear, Neowin, Input, TechRadar, BigTechWire, Seeking Alpha, Digital Trends, and UploadVR
Tweets: @metaquestvr, @anshelsag, @neiltwitz, @id_aa_carmack, @id_aa_carmack, @mgsiegler, @munster_gene, @stevekovach, @uploadvr, @id_aa_carmack, @dcseifert, @metaquestvr, @paultassi, @cixliv, @teennickoficial, @paul__armstrong, @futterish, @robertflorence, @yelix, @karlbode, @prez_vr, @sadlyitsbradley, @kentbye, @neiltwitz, @futterish, @fbbagholder, @nexusben, @nexusben, @tristanacooper, @nathievr, @karlbode, @maxwinebach, @patrickklepek, and @neiltwitz
| Alphabet - Investor Relations: |
Alphabet reports Q2 revenue up 13% YoY to $69.69B, net income of $16B, down from $18.53B YoY, and Google Cloud revenue of $6.28B, up from $4.63B YoY — MOUNTAIN VIEW, Calif. - July 26, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2022.
More:
Reuters, TheStreet, PYMNTS.com, The Verge, BigTechWire, Android Central, and CNBC
Tweets: @lexnfx, @patrickmcgee_, @patrickmoorhead, @epro, @munster_gene, @rustybrick, and @lexnfx
| Miles Kruppa / Wall Street Journal: |
Alphabet's $69.69B revenue marks its slowest sales growth since Q2 2020, missing estimates by almost $190M, as macroeconomic pressures mount on the ad market — Online advertising remains in focus for investors as an industry critical to the health of many internet companies| Vipal Monga / Wall Street Journal: |
Memo: Shopify plans to cut ~1,000 workers, or 10% of its global workforce, citing consumers pulling back on online shopping; SHOP drops 15%+ — CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -16.29%▼ … | New York Times: |
Sources: the US Treasury Department has been investigating US-based crypto exchange Kraken since 2019 for potentially violating US sanctions on Iran and more — The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.
More:
Reuters, San Francisco Business Journal, Decrypt, CoinDesk, The Block, CryptoPotato, Bitcoin News, Cointelegraph, Crypto Daily, CoinJournal, and Crypto Briefing
Tweets: @aridavidpaul and @rmac18
| The Verge: |
As Mark Zuckerberg says “there are probably a bunch of people at the company who shouldn't be here” during a weekly Meta Q&A, a survey suggests staff anxiety — As Meta's growth slows, Mark Zuckerberg is pushing even harder. Will his employees melt under the pressure?
More:
The Verge, Insider, New York Times, AppleInsider, Rock, Paper, Shotgun, PC Gamer, Fortune, Pixel Envy, Reuters, Kotaku, and TechSpot
Tweets: @reckless, @verge, @pierce, @alexeheath, @reckless, @automaticzen, @hayskali, @joepwilliams31, @mikeisaac, @miarsato, @carlquintanilla, @joshsternberg, @ghostfinder, @jason_kint, @alexeheath, @alexeheath, @_zeets, @pierce, @ashannstew, @issielapowsky, @tsoh_investing, @jason_kint, @iansherr, @matthiasellis, and @timnitgebru
| Bloomberg: |
Sources: before its probe into alleged insider trading, the SEC started probing whether Coinbase improperly let Americans trade digital assets; stock drops 21%+ — Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered … | Max Chafkin / Bloomberg: |
More:
CoinDesk. Tweets: @jessefelder, @chafkin, @chafkin, @bitfinexed, @carnage4life, @chafkin, @silvermanjacob, and @bitfinexed
| Jesse Hamilton / CoinDesk: |
Senators Toomey and Sinema introduce a bill to exempt crypto users from being taxed on transactions of under $50, similar to a bipartisan bill in the House — The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.
More:
United States Committee …, Coin Center, Blockworks, Cointelegraph, Decrypt, Neowin, Bitcoin Magazine, and Crypto Daily
Tweets: @crypto_council, @michelekorver, @jerryfalsetto, @resistancemoney, and @lopp
| Liron Shapira / @liron: |
[Thread] A look at Helium, a crypto network of 500K+ IoT hotspots, which raised $365M from a16z and others and generates an est. $6.5K/month in network revenue — .@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced to spend $250M buying hotspot nodes, in hopes of earning passive income. The result? Helium's total revenue is $6.5k/month https://twitter.com/...
Tweets: @liron, @liron, @liron, @om, @dancow, @bshivarthy, @kylesamani, @friscojosh, @thestalwart, @btc_jacksparrow, @aaronhuertas, @thestalwart, @thestalwart, @terenceleejx, @1ndus, @can, @wiley77, @coloradotravis, @nvk, @justinhendrix, @selenalarson, and @thestalwart
| Emily Baker-White / BuzzFeed News: |
Four former ByteDance employees say the company promoted pro-China content to Americans in its now-defunct news app TopBuzz; ByteDance denies the claims — Former employees claim the company placed pieces of pro-China content in its now-defunct US news app, TopBuzz, and censored negative stories about the Chinese government.| Kyle Wiggers / TechCrunch: |
Neon, which provides developers with a serverless option for Postgres databases, has raised a $30M Series A-1 led by GGV, bringing its total funding to $55M — Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million …
More:
Going Long and FinSMEs
| Emily Mason / Forbes: |
Tel Aviv-based Balance, which offers B2B marketplaces one-click checkout tools, raised a $56M Series B led by Forerunner Ventures, valuing the startup at $356M — Balance, a two-year-old Tel Aviv startup that makes payments and checkout software for business-to-business marketplaces …
More:
Finextra, Payments Dive, FinSMEs, and SiliconANGLE
| Bloomberg: |
The UK's CMA publishes its music streaming report, saying the market being dominated by a handful of major players is not “currently causing consumers harm” — The music streaming market dominated by a handful of major players is giving consumers a fair shake …
More:
GOV.UK, Competition & Markets Authority, Music Ally, iThinkDifferent, iLounge, GOV.UK, 9to5Mac, AppleInsider, and TechCrunch
Tweets: @cmagovuk, @kevinbrennanmp, @kevinbrennanmp, @mintroyale, and @ivorsacademy
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