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October 27, 2022, 7:50 AM
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| Meta - Investor Relations: |
Meta reports Q3 revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active users up 4% YoY to 2.93B, staff up 28% YoY; stock down 20%+ — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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Ed Zitron's Where's Your Ed At, Bloomberg, Silicon Republic, Insider, Metaverse Post, Seeking Alpha, Insider, New York Times, The Verge, Bloomberg, Bloomberg, Wall Street Journal, Reuters, Coinspeaker, Financial Times, New York Magazine, The Register, MarketWatch, Financial Times, Forkast, MindWar, The Great Reset Diary 2022, Search Engine Journal, Mobile Dev Memo, MBI Deep Dives, and Washington Post
Tweets: @zerohedge, @munster_gene, @carlquintanilla, @munster_gene, @conorsen, @bgurley, @malwaretechblog, @shiraovide, @snowden, @shortformernie, @thetranscript_, @thetranscript_, @thetranscript_, @sarthakgh, @lisaabramowicz1, @antoniogm, @mikeisaac, @gavinsbaker, @dougboneparth, @robenfarzad, @modestproposal1, @anshelsag, @howardlindzon, @eric_seufert, @edzitron, @levynews, @shiraovide, @munster_gene, @kalinh, @fbbagholder, @thestalwart, @jyarow, @karissabe, @munster_gene, @jamespmcleod, @verdetrades, @munster_gene, @mikeisaac, @timothynoah1, @jimcramer, @mikeinspace, @thestalwart, @wsbchairman, @profitstaken, @jeffhorwitz, @jason_kint, @dailydirtnap, @edzitron, @bdsams, @dansolomon, @rmac18, @rihardjarc, @bdsams, @arty_burton, @teroterotero, @jimcramer, @howardlindzon, @pt, @alexjamesfitz, @ecommerceshares, @edbott, @edzitron, @shiraovide, @stillgray, @jason, @jason_kint, @jimcramer, @revshark, @mmasnick, @levynews, @pathedger18, @antoniogm, @teroterotero, @mikeisaac, @davewiner, @sarahfrier, @munster_gene, and @karlbode
| Nelson Wang / CoinDesk: |
Meta reports Reality Labs had a $3.67B loss in Q3 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.
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The Block, The Block, Blockchain News, CoinGape, Bitcoinist.com, Newser, Bloomberg, and CNBC
Tweets: @gavinsbaker, @gavinsbaker, @levie, @emilygorcenski, @emilygorcenski, @marionawfal, @firstadopter, @jerrycap, @pkafka, @sadlyitsbradley, @cixliv, @sal19, @cixliv, @tomwarren, @alexeheath, @rsg, @mdudas, @tonyromm, @cixliv, @firstadopter, @stevekovach, @nickstatt, @rustybrick, @richlightshed, @alistairmbarr, @jerrycap, @lanceulanoff, @loudmouthjulia, and @cixliv
| Alex Barinka / Bloomberg: |
| Nick Statt / Protocol: |
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Road to VR, IGN, Digit, BGR India, Game Rant, PYMNTS.com, and Pocket-lint
Tweets: @alexhcranz, @jank0, @davezatz, @nickstatt, @sadlyitsbradley, @epro, and @nickstatt
| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday … | Kirsten Korosec / TechCrunch: |
Autonomous vehicle startup Argo AI, which raised $2.6B+, is shutting down; sources say parts of the company and some employees would be absorbed by 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 …
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Fortune, Financial Times, Forbes, SiliconANGLE, Digital Trends, and Tech Xplore
Tweets: @jswatz, @jotrader4, @rodneyabrooks, @amir, @alex_avoigt, @garymarcus, @tslafanmtl, @grady_booch, @john__rosevear, @jason, and @somospostpc
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation … | 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.
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The Verge, Video Games Chronicle, TrueAchievements, and 9to5Google
Tweets: @tomwarren, @tomwarren, @k__med, @kmega4, @jmaine518, @vicious696, @iansherr, and @destinlegarie
| 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 …
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Engadget, Semafor, Ars Technica, SiliconANGLE, The Register, Gizmodo, and dot.LA
Tweets: @reuters, @mountainherder, @karlbode, @karlbode, @mccarthyryanj, and @filippie509
| David Gutman / The Seattle Times: |
A Washington judge fines Meta ~$24.7M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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Associated Press, Washington State, Seattle Business Journal, GeekWire, and Watcher Guru
Tweets: @elijsanders, @agowa, @elijsanders, @katieharbath, @brierdudley, @jvagle, @elijsanders, @evelyndouek, and @karlbode
| Chance Miller / 9to5Mac: |
Apple patches a bug in iOS 16.1 and macOS Ventura that could let apps with Bluetooth access record user conversations with Siri without needing mic access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team” — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
Tweets: @thewire_in, @caseynewton, @sherbir, @potaxalum, @saiarav, @film_girl, @pratyasharath, @film_girl, @vishwanathsarng, @opindia_com, @caseynewton, @tweetinderkaul, @indiaspeakspr, @film_girl, @pratyasharath, @svaradarajan, @evacide, @film_girl, @newspaperwallah, @adityamenon22, @pratyasharath, @sjckannadiga, @aditi_muses, @film_girl, @mmasnick, @film_girl, @film_girl, @autiqueering, and @pratyasharath
| 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 …
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Center for Security … and Nextgov
Tweets: @csetgeorgetown, @loopemma, @joshuasteinman, @mytechmusings, and @williamyang120
| Yonhap News Agency: |
South Korean prosecutors indict four current and former Samsung employees over allegedly stealing and leaking semiconductor tech to overseas companies — Prosecutors have indicted four current and former employees of electronics giant Samsung Group on charges of stealing highly valued …
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SamMobile and The Korea Herald
| Meir Orbach / CTech: |
Source: Israeli cybersecurity startup Cybereason laid off 200 employees, or 17%, after letting ~100 staff go in June and filing for a US IPO earlier in 2022 — This is the second round of layoffs at the company, which parted ways with around 100 employees in June| Nivedita Balu / Reuters: |
Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew 11% YoY to $46.2B; shares jump 7%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online services provider's tools and payment options to scale up.
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Shopify, MarketWatch, and Bloomberg
| 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 …
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MacRumors, iPhone Hacks, and BGR India
Tweets: @parismartineau, @harrymccracken, @viticci, @mcwm, @parkerortolani, @stroughtonsmith, @gartenberg, and @anm
| Josh Boak / Associated Press: |
The USDA announces $759M in grants and loans for 49 recipients in 24 states for rural high-speed internet access, as part of the $65B infrastructure law — WASHINGTON (AP) — The U.S. Department of Agriculture is making available $759 million in grants and loans to enable rural communities …
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Arkansas Online and Iowa Capital Dispatch
| Rest of World: |
Didi, Kuaishou, Huawei, TikTok, and other Chinese tech companies are expanding in Latin America and poaching talent from each other, as competition intensifies — These young employees are so coveted that Chinese tech companies are quick to poach each other's talent. — • MEXICO CITY, MEXICO
Tweets: @violazhouyi, @mvzelenks, @megatobin1, @cengizyar, and @dandiba
| Olivia Poh / Bloomberg: |
Google, Temasek, and Bain report: Southeast Asia online spending will rise ~20% in 2022 to $200B, down from 38% in 2021, as digital adoption growth normalizes — Growth in Southeast Asia's internet economy is slowing after years of expansion, showing that even emerging digital markets aren't immune to economic headwinds.| Mack DeGeurin / Gizmodo: |
The UK's ICO warns organizations about the risks of using “emotional analysis” tech, and plans to publish its biometric guidance in spring 2023 — The watchdog's deputy commissioner warned the tech wasn't backed by science and that any benefits were outweighed by the risks. — Alerts
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Information Commissioner's … and DataBreachToday.com
Tweets: @iconews, @alexhern, @katecrawford, and @privacymatters
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