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July 27, 2022, 12:10 PM
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| Ingrid Lunden / TechCrunch: |
Spotify says it has “decided to stop further production of Car Thing units” and will take a €31M charge, citing demand and supply chain issues — Spotify's push to complement its music streaming with a big move into podcasting and related content appears to be paying off …
More:
The Verge, Gizmodo, CNET, 9to5Google, XDA Developers, Engadget, 9to5Mac, Neowin, MobileSyrup, iMore, TechSpot, Mashable, Silicon Republic, Phandroid, and Digital Trends
Tweets: @chrismessina, @ashleyrcarman, @ashleyrcarman, and @heilemann
| Todd Spangler / Variety: |
Spotify reports Q2 revenue rose 23% YoY to €2.9B as its net loss widened to €125M; MAUs were up 19% YoY to 433M and Premium users reached 188M, up 14% YoY — Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.
Source:
Spotify Investor Relations. More:
The Verge, PCMag, Thurrott, Wall Street Journal, CNET, TechCrunch, CNBC, Engadget, TechSpot, Deadline, and Financial Times
Tweets: @richlightshed, @annaknicolaou, @eldsjal, @livesquawk, and @tvgrimreaper
| The Hollywood Reporter: |
Daniel Ek says Spotify plans to reduce the pace of hiring by 25% as “things could get worse”; Spotify's stock rises 10%+ — As the music streaming giant's stock jumps, CEO Daniel Ek addresses macro-economic challenges, saying “only the prepared survive, and we're preparing as if things could get worse.”
More:
Spotify, Axios, and Business Wire
| Jason Schreier / Bloomberg: |
Interviews with 20+ people describe GTA developer Rockstar's attempts to change its male-heavy workplace culture, starting in 2018, after complaints and burnout — In the summer of 2020, after a police officer killed George Floyd, Rockstar Games quietly shelved a mode of play it had planned …
More:
Bloomberg, IGN, New York Post, Game Developer, Windows Central, CNET, Engadget, Forbes, The Verge, Rock, Paper, Shotgun, PC Gamer, Video Games Chronicle, TheGamer, Polygon, Wccftech, Dexerto, Kotaku, Kotaku Australia, SegmentNext, Eurogamer.net, GameSpot, Digital Trends, TrueAchievements, Pure Xbox, IndieWire, and Press Start
| Emma Roth / The Verge: |
TikTok plans to give “selected researchers” access to its platform and moderation system, helping them “assess content and trends or conducts tests” — The move comes hours after a report reveals TikTok's efforts to distance itself from China| Chris Stokel-Walker / Gizmodo: |
More:
New York Post, Newslit Daily, and Cybernews.com
Tweets: @blakersdozen, @stokel, @annalecta, @alexhern, @brendancarrfcc, @stokel, @stokel, and @iblametom. Thanks:@stokel
| Emily Baker-White / BuzzFeed News: |
More:
Washington Post, Engadget, Fortune, and MSPoweruser
Tweets: @ebakerwhite, @ebakerwhite, @bryanrwalsh, @alexisohanian, and @mattmittenthal
| Ivan Mehta / TechCrunch: |
Google announces Maps updates: photorealistic aerial views of nearly 100 landmarks, more detailed cycling routes, and improved location sharing — Google — facing increasing competition from other apps like Instagram and TikTok when it comes to consumers searching for things …
More:
The Keyword, AppAdvice, PCMag, Silicon Republic, Engadget, The Verge, Android Police, TechRadar, MacRumors, 9to5Google, and 9to5Google
Tweets: @alexhern, @sam_l_shead, and @stshank
| Vikas SN / Moneycontrol: |
| Alex Heath / The Verge: |
Mark Zuckerberg tells employees Meta and Apple are in a “very deep, philosophical competition” to build AR and VR devices and determine the internet's direction — “This is a competition of philosophies and ideas,” Meta's CEO recently told employees| Emily Birnbaum / Bloomberg: |
Sources: Senate Majority Leader Chuck Schumer told donors at a fundraiser that the AICO Act to pare back the power of Big Tech companies doesn't have the votes — Senate Majority Leader Chuck Schumer told a group of donors that he doesn't believe that there are enough votes in the Senate …
More:
AppleInsider, HuffPost, 9to5Mac, and New York Post
| Leah Nylen / Bloomberg: |
More:
9to5Mac. Tweets: @neil_chilson, @leah_nylen, @digitaldemoc, @neil_chilson, @vfranz73, @birnbaum_e, @benvol, @neil_chilson, @aghose, @neil_chilson, and @daveyalba
| Duncan Riley / SiliconANGLE: |
An IBM study of 550 global organizations finds the average cost of a data breach is $4.35M, up ~13% over the last two years, and 83% had more than one breach — A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before.
Source:
IBM and IBM. More:
Metacurity, VentureBeat, Silicon Republic, CNET, Cybernews.com, Digital Trends, ComputerWeekly.com, Livemint, The Economic Times, ZDNet, Tech Monitor, TechRepublic, and Security Boulevard
| Taylor Lorenz / Taylor Lorenz's Newsletter: |
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content — It isn't just the platform that has changed, we have too. — Over the past few days there's been a movement to “Make Instagram Instagram again.”
More:
On my Om, Michael Mignano, iThinkDifferent, and Washington Post
Tweets: @mosseri, @jeffhorwitz, @taylorlorenz, @jacklynwille, @dlberes, @stefficao_, @marc_normandin, @m_scribe, @taylorlorenz, @boopfashionista, @mattufford, @taylorlorenz, @nikitabier, @nadeshot, @kirstensaidwhat, @karenattiah, @boxofhamsters, @paultassi, @taylorlorenz, @taylorlorenz, @taylorlorenz, @offbeatorbit, and @chrismessina
| Ry Crist / CNET: |
Like Amazon's Ring, Google's Nest will comply with emergency US law enforcement requests for footage without a warrant or explicit user consent — The law lets Ring and Google share user footage with police during emergencies without consent and without warrants. Here's everything you should know.| MK Manoylov / The Block: |
Unstoppable Domains, which offers NFT domains as a personal identifier across Web3 apps, raised a $65M Series A led by Pantera Capital at a $1B+ valuation — - Unstoppable Domains announced Wednesday that it raised $65 million in a Series A funding, reaching a $1 billion valuation.
More:
Unstoppable Domains, Decrypt, CoinDesk, Blockworks, TechCrunch, Coinspeaker, Forbes, Fortune, and CoinJournal
| Tom Warren / The Verge: |
Sony teases more PlayStation VR2 details, including a see-through view, a broadcast mode for filming gameplay, and a cinematic mode for non-VR games and media — There are also see-through and cinematic modes — Sony is teasing some more details about its upcoming PlayStation VR2 headset today.
More:
PlayStation.Blog, Club386, KnowTechie, SamMobile, TechRadar, Video Games Chronicle, Engadget, XDA Developers, PCMag, Gizmodo, IGN, UploadVR, Polygon, Input, and Ars Technica
Tweets: @playstation, @andrearene, @personaspeaks, @nickstatt, @nibellion, @hrafntho, and @toadsanime
| Stefanie Marotta / Bloomberg: |
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP rises 6%+, after crashing 14% on Tuesday due to layoffs — Shopify Inc. rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown …
Source:
Shopify. More:
Wall Street Journal, The Economic Times, CNBC, BetaKit, and Australian Financial Review
Tweets: @carnage4life, @carnage4life, @markrmcqueen, and @mattahertz
| Dan Goodin / Ars Technica: |
Kaspersky researchers find a malicious UEFI-based rootkit used in the wild since 2016 that keeps PCs infected after an OS reinstall or a hard drive replacement — Turns out they're not all that rare. We just don't know how to find them. — Researchers have unpacked a major cybersecurity find …
Source:
Securelist. More:
CSO and PC Gamer
Tweets: @evacide, @k8em0, @justicerage, and @sunnynehrabro
| 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, and LinkedIn up 26% YoY — REDMOND, Wash. — July 26, 2022 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2022, as compared to the corresponding period of last fiscal year:
More:
The Verge, Seeking Alpha, TechRadar, SegmentNext, Search Engine Land, TechCircle, Finbold, Neowin, Fossbytes, Windows Report, The Shortcut, TrueAchievements, SiliconANGLE, and Protocol
Tweets: @ldignan, @tomwarren, @samro, @bdsams, @nextgenplayer, @samro, @carnage4life, @munster_gene, @patrickmoorhead, and @draecomino
| Jordan Novet / CNBC: |
More:
TechCrunch, Protocol, RCR Wireless News, Coinspeaker, Silicon Republic, Transistori, Financial Times, Reuters, Bloomberg, and Wall Street Journal
Tweets: @toddbishop and @cnbcnow
| Daniel Rubino / Windows Central: |
More:
HotHardware, Computerworld, ZDNet, diginomica, iTnews, and The Register
Tweets: @daniel_rubino and @daniel_rubino
| 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:
PYMNTS.com, TechRepublic, Coinspeaker, The Economic Times, CNBC, The Information, SiliconANGLE, CRN, and Skift
Tweets: @lexnfx, @patrickmcgee_, @tuviae, @patrickmoorhead, @epro, @munster_gene, @rustybrick, and @lexnfx
| Reuters: |
More:
Search Engine Land, The Economic Times, PYMNTS.com, InfoWorld, Search Engine Roundtable, New York Times, The Register, TechRadar, and AdExchanger. Tweets: @gartenberg
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