Techmeme
July 27, 2022, 10:10 AM

Top News

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 …
Todd Spangler / Variety:
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:
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 …
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 …
Leah Nylen / Bloomberg:
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.
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 …
Vikas SN / Moneycontrol:
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.
Chris Stokel-Walker / Gizmodo:
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.
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.
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: SecurelistMore: CSO and PC Gamer
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.
Taylor Lorenz / Taylor Lorenz's Newsletter:
Alex Heath / The Verge:
Bill Toulas / BleepingComputer:
Unit 42: hackers typically scan for vulnerabilities within 15 minutes of a new CVE disclosure; the first active exploitation attempts are observed within hours  —  System administrators have even less time to patch disclosed security vulnerabilities than previously thought …
New York Times:
Sources: the 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.

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