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July 28, 2022, 2:30 AM
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| Salvador Rodriguez / Wall Street Journal: |
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook …
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Financial Times, Investopedia, Transistori, Axios, Deadline, Associated Press, Newser, Variety, Forbes, CBS News, and The Guardian
| Meta - Investor Relations: |
Meta reports Q2 revenue down 1% YoY to $28.8B, net income down 36% YoY to $6.69B, and Family of Apps daily active people up 4% YoY to 2.88B — Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27, 2022 /PRNewswire …
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CNBC, The Block, The Economic Times, PYMNTS.com, The Verge, SiliconANGLE, VentureBeat, Reuters, New York Times, Yahoo Finance, Fast Company, Forbes, The Hollywood Reporter, Gizmodo, Engadget, Washington Post, Loup, and TechCrunch
Tweets: @jessecoheninv, @laurengoode, @loudmouthjulia, @crazyreyn, @daveleeft, @jank0, @scobleizer, @persiancapital, @daveleeft, @kurtwagner8, @chrisjbakke, and @mmasnick
| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $2.81B loss for Q2 2022, vs. $3.67B est., on $452M in revenue, compared to a $2.96B loss for Q1 2022 on $695M in revenue — Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. — Jul 27, 2022
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CNBC, TrackRecord Daily, PetaPixel, and TechCrunch
Tweets: @saranormous, @sharpshoot, @jerrycap, @munster_gene, @adamdraper, @benedictevans, @modestproposal1, and @jank0
| Jordan Novet / CNBC: |
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to “steadily reduce headcount growth over the next year” — - It appears the economy has begun a downturn, said Mark Zuckerberg, CEO of Meta Platforms, on the company's Q2 earnings call.
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Cointelegraph and Social Media Today
Tweets: @kurtwagner8, @naxuu, @wagatwe, @laurengoode, @mikeisaac, @jason_kint, @blackamazon, @jgb00m, @shannonpareil, @kurtwagner8, @jason_kint, @alexeheath, @shannonpareil, and @jason_kint
| Amanda Silberling / TechCrunch: |
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Social Media Today, The Verge, 9to5Mac, and Deadline
| New York Times: |
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan — The move is a blow to Meta's metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.
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Federal Trade Commission, Washington Post, Meta, The Block, BIG by Matt Stoller, CNBC, The Register, Financial Times, Politico, Game Developer, San Francisco Business Journal, and Platformer
Tweets: @mikeisaac, @levie, @grimezsz, @cswilsonftc, @margarethmcgill, @ftc, @levie, @hoeglaw, @benbajarin, @mikeisaac, @benedictevans, @joshconstine, @scobleizer, @mikeisaac, @adamkovac, @reckless, @econliberties, @scottnover, @reckless, @daveleeft, @karlbode, @leah_nylen, @daveleeft, @stevesi, @montezumachavez, @mmasnick, @ballmatthew, @matthewstoller, @jesselehrich, @ronenv, @alexeheath, @martyswant, @benedictevans, @reckless, @danprimack, @matthewstoller, @benedictevans, @anshelsag, @adamkovac, @anshelsag, @joshconstine, @econliberties, @caseynewton, @ballmatthew, @econliberties, @pkafka, @adamkovac, @profcarroll, @eladgil, @ballmatthew, @econliberties, @slhamlet, @caseynewton, @pathedger18, @chrismessina, @mikeisaac, @karlbode, @adamkovac, @barry, @hoeglaw, @slhamlet, @ethanbaron, @sohrabahmari, and @karlbode
| Richard Speed / The Register: |
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations — Reports seeing ‘offensive actor’ flinging SubZero malware — Microsoft has published an analysis of a Europe-based …
Source:
Microsoft Security Blog. More:
Microsoft On the Issues, iTnews, Neowin, Associated Press, SecurityWeek, Dark Reading, SC Media, PCMag, The Verge, and BleepingComputer
Tweets: @botherder, @campuscodi, @goretsky, @ryanaraine, @campuscodi, @ryanaraine, and @cristingoodwin
| Frederic Lardinois / TechCrunch: |
Google unveils new Chromebook productivity features, including video editing in Google Photos, PDF editing in Gallery, and the ability to save a virtual desk — Google today announced that it is adding a new movie editor and a few new video editing features to Google Photos …
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The Keyword, Thurrott, About Chromebooks, Pocket-lint, Neowin, and BigTechWire
| Abner Li / 9to5Google: |
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
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The Keyword, Insider, Chrome Developers, Bloomberg, Digiday, Social Media Today, Neowin, Engadget, AdExchanger, The Verge, OnMSFT.com, and ZDNet
Tweets: @epro, @simonjharris, @patrickmcgee_, @aexm, @johnwilander, and @larakiara
| Jason Schreier / Bloomberg: |
Interviews with 20+ people detail GTA developer Rockstar's attempts to change its “boys' club” 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 …
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Bloomberg, IGN, TechRadar, BGR India, The Verge, TheGamer, MobileSyrup, The Shortcut, GameRevolution, TechSpot, Stevivor, we are Mitú …, Dexerto, Destructoid, 9to5Toys, and Appuals.com
| Kevin Breuninger / CNBC: |
The US Senate passes the Chips and Science Act, including $52B+ for US chipmakers plus tax credits to encourage investment; the bill now heads to the House — - The Senate passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductors.
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Wall Street Journal, New York Times, The White House, Reuters, Roll Call, DigiTimes, The White House, Axios, Tom's Hardware, and The Register
Tweets: @thekanter, @jonmasters, @digiphile, and @thekanter
| Richard Lawler / The Verge: |
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022 — It's not that different — We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised …
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The Keyword, 9to5Google, Neowin, Droid Life, Gizmodo, and Android Authority
| Dustin Volz / Wall Street Journal: |
Former US national security officials form the Open Source Intelligence Foundation to promote analyzing public data like social media posts for intel-gathering — Social media, satellite images, mobile-phone data can yield as much insight as traditional espionage, but few rules exist
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Lawfare
| Ingrid Lunden / TechCrunch: |
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues” — Spotify's push to complement its music streaming with a big move into podcasting and related content appears …
More:
The Verge, Engadget, XDA Developers, Liliputing, Android Headlines, SlashGear, Android Police, and Android Central. Tweets: @chrismessina
| Todd Spangler / Variety: |
Source:
Spotify Investor Relations. More:
Music Business Worldwide, Digiday, CNET, TechCrunch, Music Technology Policy, Pocket-lint, and Android Headlines
Tweets: @richlightshed, @kevinbrennanmp, @eldsjal, @dada_drummer, and @annaknicolaou
| Kif Leswing / CNBC: |
Qualcomm reports Q3 revenue up 37% YoY to $10.93B, vs. $10.88B est., net income up 53% YoY to $3.36B, and chip segment revenue up 45% YoY to $9.38B — - Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance … | Emma Roth / The Verge: |
TikTok plans to give select researchers “public and anonymized data” from its platform and moderation system to “assess content and trends or conducts tests” — The move comes hours after a report reveals TikTok's efforts to distance itself from China
Source:
TikTok. More:
Fox News, Social Media Today, and Protocol
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @joepcunningham, and @logandobson
| Chris Stokel-Walker / Gizmodo: |
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New York Post, Scope Creep 🎯, Tubefilter, The Signal, and dot.LA
Tweets: @stokel, @stokel, @ebakerwhite, @thatdanstewart, @blakersdozen, and @annalecta. Thanks:@stokel
| Mark Gurman / Bloomberg: |
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car — Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
More:
PYMNTS.com, iClarified, Patently Apple, TechCrunch, iDownloadBlog.com, iMore, AppleInsider, Cult of Mac, MacDailyNews, and MacRumors
Tweets: @mikeelgan, @jpr007, @newsynick, @stshank, and @markgurman
| Bloomberg: |
Crypto exchange FTX US expands its no-fee stock trading service to all US users, including non-crypto investors, and plans to offer options trading next — Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors … | Katherine Sayre / Wall Street Journal: |
Brooklyn-based fantasy sports app Underdog raised a $35M Series B at a $485M valuation, and plans to launch licensed sports betting in Ohio and Colorado in 2023 — Startup is expanding into growing U.S. sports-betting industry — Fantasy-sports app Underdog said it has completed …
More:
Underdog Sports Inc, Lineups, SportTechie, SportsPro, and iGaming Business
| Financial Times: |
France-based Cegid is merging with Spanish rival Grupo Primavera in a €6.8B all-share deal; the combined company will sell specialized software to digitize SMBs — Merger of groups owned by likes of KKR and Oakley Capital shows investor interest in European software sector
Source:
CEGID
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