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July 31, 2024, 4:30 PM
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| Meta: |
Meta reports Q2 revenue up 22% YoY to $39.07B, net income up 73% YoY to $13.47B, and family daily active people up 7% YoY to 3.27B on average for June 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: The Information, CNBC, Yahoo Finance, and CNBC
| New York Times: |
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign — The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
More: VCs for Kamala, The Guardian, Axios, Forbes, TechCrunch, The Verge, Quartz, CNBC, GeekWire, The Information, and The Hill
Threads: @amclaughlin, @moskov, @motorcityadam, @moskov, @hunterwalk, @timisenman, @theromit, @anildash, and @moskov
| CNBC: |
Delta Air Lines CEO Ed Bastian says the CrowdStrike-caused outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages — WATCH NOW — Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.
More: CNBC, Bloomberg, The Hill, The Information, NPR, CRN, Associated Press, San Francisco Business Times, Quartz, PYMNTS.com, New York Post, NBC News, Financial Times, MSPoweruser, Windows Central, and Wall Street Journal
X: @kpottermn, @kpottermn, @morningbrew, @david_slotnick, @kpottermn, @carnage4life, @malwarejake, @0xtib3rius, and @carnage4life. LinkedIn: Jacob Williams
Forums: Hacker News and r/wallstreetbets
| Sergiu Gatlan / BleepingComputer: |
Microsoft says that a nine-hour outage on July 30, which disrupted multiple Microsoft 365 and Azure services worldwide, was triggered by a DDoS attack — Microsoft confirmed today that a nine-hour outage on Tuesday that took down and disrupted multiple Microsoft 365 and Azure services worldwide …
More: Microsoft, ZDNET, The Information, SC Media, The Sun, Associated Press, Daily Mail, The Independent, Dark Reading, Cybersecurity Dive, Forbes, Security Boulevard, Windows Central, PCMag, The Register, CCN.com, The Stack, TechRadar, SecurityWeek, Silicon Republic, PCWorld, Petri IT Knowledgebase, and CRN. LinkedIn: Peter Girnus
| Karen Freifeld / Reuters: |
Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands — The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor …
More: Bloomberg, Benzinga, The Register, Tom's Hardware, Business Insider, Quartz, CCN.com, Forbes, WinBuzzer, and CNBC
| Wesley Yin-Poole / IGN: |
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
More: Bungie.net, Windows Central, Game World Observer, Engadget, TechCrunch, VentureBeat, GeekWire, Game Developer, VG Charts, Metro.co.uk, Los Angeles Times, GamesRadar, GamesRadar, The Wrap, Neowin, The Verge, GamesIndustry.biz, Eurogamer.net, VG247, Game Informer, Hardcore Gamer, Kotaku, PlayStation LifeStyle, Game Rant, Kotaku, Gameranx, Rock, Paper, Shotgun, Pocket-lint, GamingBolt, Aftermath, PC Gamer, Variety, The Hollywood Reporter, Video Games Chronicle, Digital Trends, Wccftech, XboxEra, Push Square, Kotaku, TechRaptor, Destructoid, Polygon, GameSpot, Dot Esports, and KitGuru
X: @jasonschreier, @d2cbro, @kperng, @mangalawyer, @fishprison, @hazelmonforton, @genepark, @ne0mega, @thereallexuzi, @niftybiiscuit, @dirtyeffinhippy, @vahn16, @alex_frostwolf, @dirtyeffinhippy, @mynameisbyf, @bungie, @transientgamers, @the_ragespy, @nadiaudio, @a_dmg04, @amberillig, and @griffinwb. Forums: r/pcgaming
| Jess Weatherbed / The Verge: |
Google rolls out online safety features to make removing explicit deepfakes from Search at scale easier and to prevent them from appearing high up in results — Google is rolling out new online safety features that make it easier to remove explicit deepfakes from Search at scale and prevent … | Krisztian Sandor / CoinDesk: |
Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany — The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.| Bill Toulas / BleepingComputer: |
Zimperium: a massive SMS stealer campaign has targeted Android devices worldwide using Telegram bots to infect devices in 113 countries since February 2022 — A malicious campaign targeting Android devices worldwide utilizes thousands of Telegram bots to infect devices with SMS-stealing malware …
More: Zimperium, Dark Reading, Mashable, SiliconANGLE, Hackread, SecurityWeek, Tech Monitor, The Hacker News, and SC Media
| Emma Roth / The Verge: |
District of Columbia AG Brian Schwalb sues StubHub, alleging the company uses a “bait-and-switch” technique where it advertises “deceptively low” ticket prices — StubHub is facing a new lawsuit that accuses the ticketing service of hiding fees from customers until the very end of the purchasing process.| Billy Steele / Engadget: |
Spotify plans to expand the availability of lyrics for Spotify Free users in the “coming weeks”; paid subscribers could access unlimited lyrics since May 2024 — The company capped access at three songs per month in May. — Spotify users who don't pay for a subscription …
More: CNET, PCMag, Android Authority, TechHive, TechRadar, TechCrunch, Digital Music News, How-To Geek, Music Ally, 9to5Google, iPhone in Canada Blog, 9to5Mac, and Android Police
Forums: r/Piracy and r/truespotify
| Jason Del Rey / Fortune: |
Interviews with 24 current and former Amazon staff say Jeff Bezos' Amazon Way principles remain core under Andy Jassy but are now less universally agreed upon — When Amazon ordered most workers back to the office three days a week in February 2023, Pamela Hayter was not happy about the end of a popular pandemic-era arrangement.| Aaron Holmes / The Information: |
Source: TikTok was paying Microsoft ~$20M/mo. to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue that service was generating — Microsoft has had success reselling OpenAI's artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine.
More: Investor's Business Daily, DatacenterDynamics, Quartz, Sherwood News, and Invezz
| Sean Lyngaas / CNN: |
A ransomware attack hits blood donation nonprofit OneBlood, which has asked over 250 hospitals in the US to activate their critical blood shortage protocols — A cyberattack has hit a blood-donation nonprofit that serves hundreds of hospitals in the southeastern US.| Alex Heath / The Verge: |
After users reported that Meta's generative AI assistant incorrectly claimed the attempted Donald Trump assassination did not happen, Meta blames hallucinations — Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen … | New York Times: |
Chinese regulators propose taking over online identity verification from companies to give people a single internet ID, citing privacy and online fraud — The government said the proposal would protect online privacy. Critics said it could further concentrate government control over the internet.| Steve Smith / SlashGear: |
Samsung Galaxy Watch Ultra review: premium materials and build quality, and powerful Exynos processor, but too expensive, large, bulky, and only one size — - Premium materials and build quality - Significantly improved GPS tracking - New powerful Exynos processor - Excellent activity and sleep tracking| CNBC: |
Nvidia shares jump 10%+ after Microsoft and AMD signaled no slowdown in the buildout of AI servers built around GPUs; Microsoft spent $19B on capex in Q4 — Nvidia shares popped nearly 13% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown …
More: Yahoo Finance, MarketWatch, CNBC, Yahoo Finance, 24/7 Wall St., Investopedia, Reuters, Investing.com, Financial Times, Proactive, and Barron's Online
X: @pelositracker_ and @kobeissiletter
| Andrew Liszewski / The Verge: |
Nothing unveils the Phone 2A Plus, offering the same 6.7-inch display as the 2A and a new MediaTek Dimensity 7350 Pro 5G SoC, available for $399 on August 7 — Plus is often used in smartphone naming to delineate a larger model with a bigger screen, but that's not the case here.
More: Forbes, 9to5Google, Wired, Moneycontrol, 9to5Google, Gizmochina, TechRadar, ZDNET, Tom's Guide, Lifewire, Business Today, Gizchina.com, Livemint, HotHardware, CNET, and Engadget. Forums: r/gadgets
| Ian King / Bloomberg: |
Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72% YoY to $472M, and royalty revenue up 17% YoY to $467M — Arm Holdings Plc handily beat analysts' estimates with its quarterly results but held off on boosting its annual forecast … | Ian King / Bloomberg: |
Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates — Qualcomm Inc., the world's biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding.| Salvador Rodriguez / Wall Street Journal: |
An investigation finds 450+ illicit drug ads on Facebook and Instagram from March to June 2024, some showing pill piles or cocaine bricks; Meta removed the ads — Instagram and Facebook, already under federal investigation, continue to run ads for illegal drugs, including ads showing piles of pills and bricks of cocaine
More: Futurism, Benzinga, and Tech Transparency Project
Threads: @salrodriguez. X: @ttp_updates, @ttp_updates, @cb_doge, @elonmusk, and @ttp_updates. Forums: Hacker News
| Haleluya Hadero / Associated Press: |
Etsy plans to launch Etsy Insider, its first loyalty program, in September 2024 to boost sales; CEO Raina Moskowitz says it will cost about the price of a latte — Etsy said Wednesday it will begin testing its first-ever loyalty program in September, a move designed to boost …
More: The Etsy Community, Engadget, Gizmodo, and Etsy News
| Sam Jones / Financial Times: |
Germany blames China for a “serious” 2021 cyberattack on its government agency for precision mapping, after a three-year investigation by its security services — Berlin says Beijing behind 2021 hack on precision mapping agency — Germany has blamed China for a “serious” …
More: Deutsche Welle, The Record, and Associated Press
| Mark Bergen / Bloomberg: |
Milan-based mobile app developer Bending Spoons acquires Dutch file-sharing service WeTransfer, which backed out of an IPO in 2022, without disclosing terms — - European app developer has bought Evernote and pursued Vimeo — Dutch firm WeTransfer pulled out of a potential IPO in 2022
More: TechCrunch. LinkedIn: Harry Dolman, Amaury De Buyser, Melissa Nussbaum, and Alexandar Vassilev
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