|
October 26, 2022, 7:15 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Meta - Investor Relations: |
Meta Q3: revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active people up 4% YoY to 2.93B, headcount up 28% YoY; stock drops 19%+ — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
More:
The Verge, Bloomberg, Silicon Valley Business …, Adweek, ZDNet, San Francisco Business Journal, Search Engine Land, CoinDesk, Engadget, Reuters, New York Times, NBC News, CNBC, Social Media Today, Ed Zitron's Where's Your Ed At, Wall Street Journal, Android Central, CNBC, Agence France-Presse, Observer, Deadline, Forbes, Agence France-Presse, Seeking Alpha, Associated Press, Benzinga, The Hollywood Reporter, AdNews News, Shacknews, San Francisco Chronicle, Variety, and AlphaStreet
Tweets: @zerohedge, @sarahfrier, @bdsams, @pt, @ecommerceshares, @fbbagholder, @karissabe, @jimcramer, @jimcramer, @dailydirtnap, @profitstaken, @rmac18, @malwaretechblog, @thestalwart, @munster_gene, @edzitron, @edzitron, @modestproposal1, @sarahfrier, @shiraovide, @munster_gene, @shiraovide, @mikeisaac, @shiraovide, @shiraovide, @jason_kint, @edbott, @levynews, @stillgray, @alexjamesfitz, @teroterotero, @teroterotero, @robenfarzad, @rihardjarc, @jason_kint, @wsbchairman, @anshelsag, @eric_seufert, @levynews, @jyarow, @jamespmcleod, @mikeisaac, @bdsams, @verdetrades, @revshark, and @karlbode
| Nelson Wang / CoinDesk: |
Meta reports Reality Labs had a $3.67B loss for Q3 2022 on $285M in revenue vs. $406M est. and says the unit's operating loss will grow “significantly” in 2023 — Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
More:
Blockworks, TechCrunch, The Block, Insider, TheStreet, and MarketScreener
Tweets: @cixliv, @sal19, @cixliv, @cixliv, @cixliv, @cixliv, @marionawfal, @loudmouthjulia, @sadlyitsbradley, @jason, @munster_gene, @alistairmbarr, @tomwarren, @rsg, @richlightshed, @jerrycap, @firstadopter, @gavinsbaker, @nickstatt, @firstadopter, @lanceulanoff, @jerrycap, @pkafka, @alexeheath, @stevekovach, @tonyromm, and @rustybrick
| Nick Statt / Protocol: |
Meta plans to launch the next generation of its consumer Quest headset in 2023 — A follow-up to the Quest 2 virtual reality headset is arriving next year, Meta said in its most recent earnings announcement. The device will be a consumer-grade headset unlike the recently released Quest Pro …
More:
Road to VR, TechCrunch, Laptop Mag, IGN, and IGN
Tweets: @epro, @sadlyitsbradley, @nickstatt, @nickstatt, @jank0, and @davezatz
| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to Chief Twit and visits the company's San Francisco office; memo to employees: “you'll all hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday, posting a video clip of himself walking …
More:
The Hill, The Guardian, Australian Financial Review, BBC, Wall Street Journal, USA Today, VICE, Washington Post, The Verge, Bloomberg, New York Times, Financial Times, Livemint, Reuters, Forbes, CNN, TheStreet, The Economic Times, Fortune, The Block, CNBC, TechCrunch, Mashable, Insider, BGR, New York Post, iPhone in Canada Blog, The Register, Ethereum World News, and iMore
Tweets: @elonmusk, @donie, @kyliebytes, @tszzl, @mmasnick, @karlbode, @teroterotero, @karlbode, @teroterotero, @gartenberg, @gossithedog, @rmac18, @donie, and @carlquintanilla
| Berber Jin / Wall Street Journal: |
Sources: a16z's flagship crypto fund is down ~40% in H1 2022, above the 10%-20% losses at rival funds; a16z dramatically slowed its crypto investments in 2022 — Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’ — Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
More:
The Block, Silicon Valley Business …, Ethereum World News, CryptoPotato, Crunchbase News, Cointelegraph, Blockworks, Watcher Guru, Protos, CoinDesk, Protocol, and Decrypt
Tweets: @cararlombardo, @wublockchain, @berber_jin1, @paleofuture, @dhm, @eliotwb, @iankar_, @mayazi, @mayazi, @cavandy, @riddle245, @carnage4life, @somospostpc, @grady_booch, and @0xcrypton
| Joe Rossignol / MacRumors: |
Following complaints from prominent developers, Apple says it has “paused ads related to gambling and a few other categories on App Store product pages” — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
More:
AppleInsider, 9to5Mac, AppleInsider, BGR, Cult of Mac, FOSS Patents, Macworld, iPhone Hacks, XDA Developers, KnowTechie, CNBC, iPhone in Canada Blog, Financial Times, and Philip Elmer‑DeWitt
Tweets: @simonbs, @marcoarment, @basicappleguy, @viticci, @cabel, @hot_doggin_jon, @hot_doggin_jon, @wolfiechristl, @gruber, @simonbs, @stuntpants, @stuntpants, @cabel, @cabel, @notspamipromise, @chrisfnicholson, @simonbs, @fromedome, @jasoneccles, @stroughtonsmith, @eshumarneedi, @alexeheath, @apollozac, @tapbot_paul, @fahim_al_mahmud, @wolfiechristl, @gte, @cabel, @uwukko, @krausefx, @mr_james_c, @rauschma, @jesslynnrose, @johnbalestrieri, @rsgnl, @antumbral, @uzmabarlaskar, @sub8u, @pt, @thomasfuchs, @snazzyq, @radiantav, @reinholdkesler, @stuntpants, @benedictevans, @tariqkrim, @gergelyorosz, @jamesthomson, @asallen, @seyitaylor, and @darth
| Kirsten Korosec / TechCrunch: |
Sources: autonomous vehicle startup Argo AI, which raised billions from carmakers, is shutting down and leaving parts and some staff to top backers Ford and VW — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
More:
Engadget, Forbes, Financial Times, Reuters, The Verge, SlashGear, and The Last Driver License Holder
Tweets: @jswatz, @jason, @grady_booch, @tslafanmtl, @garymarcus, and @john__rosevear
| Jon Victor / The Information: |
Andy Rubin incorporated home security monitoring software startup Simple Things in July 2020 and appears to have hired staff from his defunct startup Essential — Andy Rubin is planning his next act. — The former Google executive, who received a $90 million severance package following … | Wayne Ma / The Information: |
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release — Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year …
More:
MacRumors, CNET, Android Authority, MobileSyrup, SlashGear, Macworld, iPhone in Canada Blog, Redmond Pie, 9to5Mac, Pocket-lint, BGR, Cult of Mac, Digital Trends, AppleInsider, iThinkDifferent, and iMore
Tweets: @parismartineau, @jessicalessin, @rsgnl, @stroughtonsmith, @anm, @mcwm, @samifathi_, and @bengeskin
| Reuters: |
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated — Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves …
More:
Bloomberg, Insider, The Verge, Semafor, TechCrunch, SlashGear, and Electrek
Tweets: @karlbode, @reuters, @filippie509, @karlbode, and @mccarthyryanj
| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox's content and services revenue, after sharing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company's Xbox Game Pass subscription service is already profitable.
More:
The Verge, Engadget, 9to5Google, Windows Central, TheGamer, MobileSyrup, Sports Business Journal, Android Headlines, IGN, Wccftech, The GameDiscoverCo newsletter, Pure Xbox, Game Rant, and OnMSFT.com
Tweets: @tomwarren and @vicious696
| Lauren Hirsch / New York Times: |
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter lawsuit and set an October 28 deadline to close the deal — Kathaleen St. J. McCormick, the chief judge of Delaware's Chancery Court, gave Mr. Musk until Friday to acquire Twitter.| Kevin Purdy / Ars Technica: |
iPad Pro (2022) review: M2 runs GPU-intensive tasks well and Pencil hover is nice, but the upgrade is incremental and the front camera remains on the wrong side — This year's iPad Pro has even more power. It's nice, but a true upgrade beckons. — If you're an Apple Pencil devotee …
More:
MacRumors, Laptop Mag, Cult of Mac, TechRepublic, iPhone in Canada Blog, and AppleInsider News. Tweets: @arstechnica
| Aaron Tilley / Wall Street Journal: |
A look at HoloLens' development, as Microsoft ceded its early lead in AR to Meta and others; one executive blames a lack of money and people behind the effort — Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’
More:
Insider, Thurrott, and MarketWatch
Tweets: @mims, @jeffhorwitz, @joepwilliams31, @smashdawg, @ericbellmanwsj, @aatilley, and @avibarzeev
| Bloomberg: |
Seagate misses Q1 estimates with $2.04B revenue and plans to cut ~3,000 jobs, saying big buyers are reducing orders; the stock drops 6%+ and is down 50%+ YTD — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it's eliminating about 3,000 jobs and that big buyers … | Ashley Capoot / CNBC: |
Mobileye pops 37.95% on its first day of trading after spinning out of Intel, giving the company a $23B market cap; Intel acquired Mobileye for $15.3B in 2017 — - Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public.| Han Chen / Axios: |
Report: US state and local governments kept buying Chinese telecom equipment despite a federal-level ban; only five states have rules to limit such purchases — Despite federal efforts to block Chinese telecom equipment from U.S. supply chains, state and local governments across …
More:
Nextgov and Center for Security …
| Richard Vanderford / Wall Street Journal: |
Google agrees to improve its compliance program for legal demands in a settlement with the US DOJ, which said Google lost data sought by investigators in 2016 — The tech company will be monitored by a compliance professional after the Justice Department said Google lost data sought in a U.S. investigation
More:
U.S. Department of Justice, Decrypt, Law Street Media, The Register, and Blockworks
Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Zoho:
The power of asynchronous communication: Striking the right balance in the workplace — Asynchronous communication may have surged during the transition to remote work, but as the years passed and teams returned …
The power of asynchronous communication: Striking the right balance in the workplace — Asynchronous communication may have surged during the transition to remote work, but as the years passed and teams returned …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Techmeme Ride Home:
OpenAI Backtracks
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Channels with Peter Kafka:
How to fight Apple and (maybe) win, with Epic Games CEO Tim Sweeney
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Invest Like the Best:
David Senra - The Focused Few
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
HubSpot CEO on the Future of SaaS, AI, & Leading Through Change
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Inside Devin: The world's first autonomous AI engineer that's set to write 50% of its company's code by end of year | Scott Wu (CEO and co-founder of Cognition)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Hard Fork:
The Dangers of A.I. Flattery + Kevin Meets the Orb + Group Chat Chat
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 7:15 PM ET, October 26, 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.
From Mediagazer
New York Times:Alex Weprin / The Hollywood Reporter:
Alex Sherman / CNBC:
Upcoming Tech Events
More News
| Matt Day / Bloomberg: |
More:
Business Wire, SiliconANGLE, Crunchbase News, PYMNTS.com, Forbes, Globes Online, Trigo, and Geektime. Tweets: @mattmday
Earlier Picks
| Clare Duffy / CNN: |
More:
LinkedIn Official Blog, BleepingComputer, BigTechWire, Mo's Letter, TechRadar, and Silicon Republic
Tweets: @tonyajoriley and @byjulialove
| Anne Steele / Wall Street Journal: |
| Emma Roth / The Verge: |
More:
New York Times, Spotify, Forbes, Observer, Android Headlines, iMore, Neowin, City A.M., iThinkDifferent, and Gizchina
| Jon Swartz / MarketWatch: |
More:
CNBC, The Motley Fool, USA Today, Reuters, Marketing Dive, Yahoo News, Forbes, Search Engine Journal, and Tubefilter