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August 2, 2024, 5:25 AM
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Apple Inc.:
Apple reports Q3 revenue up 5% YoY to $85.8B, net income up 8% to $21.4B, Americas net sales up 6% to $37.7B, and Europe net sales up 8% to $21.9B  —  June quarter records for Revenue and EPS Services revenue reaches new all-time high  —  Apple® today announced financial results …
Kif Leswing / CNBC:
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B  —  Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations, with overall revenue rising 5%.
Dean Takahashi / VentureBeat:
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024  —  Intel announced that it will lay off 15% of its workforce as part of a broad cost-reduction program.
Jordan Novet / CNBC:
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 17%+ after hours  —  Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees …
Amazon.com, Inc.:
Amazon reports Q2 revenue up 10% YoY to $148B, a $13.5B net income, vs. $6.7B YoY, $14.7B operating income, vs. $7.7B YoY, subscription sales up 10% to $10.9B  —  Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024.
Bill Toulas / BleepingComputer:
Infoblox and Eclypsium: since 2018, Russian hackers hijacked 35K+ registered domains using Sitting Ducks attacks that involve exploiting DNS configuration flaws  —  Threat actors have hijacked more than 35,000 registered domains in so-called Sitting Ducks attacks that allow claiming …
Paul Alcorn / Tom's Hardware:
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues  —  Trying to build goodwill.  —  Intel told us today that it will extend the warranty on its boxed Intel Core 13th- and 14th-Gen processors by two additional years.
Bill Donahue / Billboard:
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying their use of proprietary music to train AI is fair use  —  In their first responses to the sweeping copyright lawsuits that could define AI music, lawyers for Suno and Udio don't exactly hold back.
Jordan Novet / CNBC:
In its annual report, Microsoft adds OpenAI as a competitor in AI offerings and search and news advertising; OpenAI unveiled its prototype SearchGPT last week  —  Microsoft's relationship with OpenAI has officially become more complicated.  —  On Tuesday, Microsoft added …
Chance Miller / 9to5Mac:
Apple files a motion to dismiss the US DOJ's antitrust lawsuit, arguing the lawsuit has not demonstrated anticompetitive conduct and would harm innovation  —  Apple has officially filed a motion to dismiss the Department of Justice's antitrust lawsuit filed in May. Apple argues the case …
Bill Peters / MarketWatch:
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations  —  Stock is still up this year, as investors digest the prospect of easing regulations  —  Coinbase Global Inc. on Thursday reported …
Josh Sisco / Politico:
Sources: the US DOJ is investigating Nvidia's acquisition of Israeli AI infrastructure orchestration and management service Run:ai on antitrust grounds  —  The investigation adds to the global pressure by regulators to prevent control of artificial intelligence by just a handful of the world's largest technology companies.
The Canadian Press:
Study: a year after Meta blocked news content in Canada due to the Online News Act, Canadians' total engagement with news content on social media is down 43%  —  Canadian news struggling after Meta ban: study  —  MONTREAL - A new study is painting a grim portrait of how local Canadian news outlets …
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B exp., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units  —  Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.
Mayumi Negishi / Bloomberg:
A Holdings Corp., a holding company owned equally by SoftBank and Naver, plans to sell down its stake in LY's ~$1B tender; LY operates Line messaging app  —  A Holdings Corp., a holding company owned equally by Japan's SoftBank Corp. and South Korea's Naver Corp., plans to sell down its stake …
More: Reuters
Zac Hall / 9to5Mac:
The Twitter for Mac app appears to have been delisted from the App Store; some users say their X accounts were suspended after using the X for iPad app on macOS  —  As noted by Vedant, the official Twitter for Mac app is currently missing from the Mac App Store.
Ivan Mehta / TechCrunch:
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US  —  Google Thursday said that it is introducing new Gemini-powered features for Chrome's desktop version, including Lens for desktop …
David Shepardson / Reuters:
A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge  —  A U.S. appeals court on Thursday blocked the Federal Communications Commission's reinstatement of landmark net neutrality rules …

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This is a Techmeme archive page. It shows how the site appeared at 5:25 AM ET, August 2, 2024.

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

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

Dominic Patten / Deadline:
Filing: Disney agrees to pay $43.25M to settle a 2019 lawsuit over pay equity for up to 14,000 female Disney employees; the trial was set to begin in May 2025

Carmen Reinicke / Bloomberg:
Conservative video streaming platform Rumble hires Guy Beahm, aka Dr Disrespect, to lead Rumble Gaming; RUM rises 13%+ to its highest level since May 2024

More News

Akash Sriram / Reuters:
Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 revenue below expectations; SNAP drops 15%+ after hours

Earlier Picks

Associated Press:
A Montenegro appeals court upholds a ruling to hand over Terraform Labs co-founder Do Kwon to South Korea, rejecting a bid to extradite him to the US
CyberScoop:
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia
Kate Conger / New York Times:
Don Lemon sues Elon Musk and X, arguing Musk refused to pay him after a $1.5M/year exclusive X content deal fell apart; Lemon did not sign a formal contract
Brian Steinberg / Variety:
WBD, Disney, and Fox plan to launch their joint sports streaming venture Venu for $42.99 per month initially, with a seven-day free trial, expected in fall 2024
Alex Heath / The Verge:
On Meta's earnings call, Mark Zuckerberg said Llama 4 will need almost 10x more compute to train than Llama 3.1, Quest 3 sales exceeded expectations, and more
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