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August 28, 2024, 8:10 PM
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| Kif Leswing / CNBC: |
Nvidia reports Q2 revenue up 122% YoY to $30B, vs. $28.7B est., forecasts Q3 revenue above est., and says it approved an additional $50B in share buybacks — Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
More: Nvidia Newsroom, Financial Times, Washington Post, Associated Press, New York Times, Capital Brief, NBC News, Wall Street Journal, The Information, Neowin, Bloomberg Television on YouTube, CoinGape, Cointelegraph, Fast Company, New York Post, Cryptopolitan, Newser, Invezz, Forbes, Wall Street Pit, Shacknews, The Motley Fool, The Irish Times, FX Empire, The National, and Financial Times
| Gaspard Sebag / Bloomberg: |
Pavel Durov is charged in France for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France — - Prosecutors set €5 million bail, ban Durov from leaving France — Telegram says CEO has ‘nothing to hide’ and seeks resolution
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Threads: @brian.fishman.5. X: @autismcapital, @elonmusk, @kimdotcom, @tuckercarlson, @randcorporation, @danprimack, and @jsrailton
| Politico: |
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| Financial Times: |
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| New York Times: |
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| Wall Street Journal: |
Sources: OpenAI is in talks for a funding round valuing it above $100B; Thrive Capital is leading the round and will invest ~$1B, and Microsoft will also invest — Thrive Capital and Microsoft are among investors putting several billion dollars into ChatGPT maker| Sarah Perez / TechCrunch: |
Threads now lets users see and like fediverse replies on other posts besides their own, and posts submitted via Threads API will be syndicated to the fediverse — Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon …
More: Engadget, The Verge, Social Media Today, and PhoneArena
Threads: @threads, @pcottle, @karissabe, @theromit, @omar.tosca, @rstephens, @chris, @theinstantwin, @ben.werdmuller, @ericflo, and @gossithedog
| Abner Li / 9to5Google: |
Google rolls out Imagen 3 to all Gemini users and Gems, which allows the creation of custom Gemini chatbots, to Gemini Advanced, Business, and Enterprise users — Following the preview at I/O 2024 in May, Gemini is rolling out Gems, as well as Imagen 3, to Advanced subscribers. — Gems| Julia Love / Bloomberg: |
More: SiliconANGLE, Ars Technica, The Information, TechCrunch, Axios, CNBC, MediaPost, NBC News, Silicon UK, Mashable SEA, The Independent, The Verge, and Tom's Guide
| Katherine Ross / Blockworks: |
OpenSea says the US SEC sent it a Wells notice calling NFTs sold on the platform securities; CEO Devin Finzer says the company is “ready to stand up and fight” — OpenSea CEO Devin Finzer said in a post on X that the company is “ready to stand up and fight”| Jaspreet Singh / Reuters: |
CrowdStrike reports Q2 revenue up 32% YoY to $963.9M, vs. $958.6M est., and cuts its FY 2025 revenue and profit forecasts, after last month's Windows outage — CrowdStrike (CRWD.O) cut its annual revenue forecast on Wednesday, in a sign that demand for its cybersecurity products could have taken … | Nate Raymond / Reuters: |
A US court rules TikTok must face a lawsuit over a 10-year-old's death and the “blackout challenge”, saying algorithmic curation isn't protected by Section 230 — A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral …
More: Bloomberg, The Verge, The Register, Ars Technica, Law & Crime, Associated Press, CBS News, Dexerto, CBS News, The Independent, New York Post, New York Daily News, GlobeNewswire News Room, United States Court of Appeals for the Third Circuit, and Bloomberg Law
| David Pierce / The Verge: |
ESPN launches a Where to Watch feature on its website and app, which aims to be a universal guide for streaming sports with data from 250+ streaming services — ESPN's newest feature will be a welcome bookmark for sports fans everywhere: the company just launched “Where to Watch,” …
More: ESPN Press Room U.S., ESPN, Ars Technica, Engadget, Associated Press, Reuters, Deadline, Barrett Media, Android Headlines, Spyglass, The Hollywood Reporter, The Wrap, Front Office Sports, Digital Trends, The Desk, The Hill, The Streamable, 9to5Mac, Variety, Media Play News, and Awful Announcing. Forums: r/CFB
| Brody Ford / Bloomberg: |
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+ — - Delay follows Hindenburg short alleging ‘accounting red flags’ — Shares of the server maker tumbled after trading opened| Larry Dignan / Constellation Research: |
Salesforce reports Q2 revenue up 8% YoY to $9.33B, vs. $9.23B est., net income of $1.43B, compared to $1.27B a year ago, and says CFO Amy Weaver will step down — Salesforce reported better than-expected second-quarter results but revenue growth was up 8%. CFO Amy Weaver will also step down.
More: San Francisco Business Times, Bloomberg, The Motley Fool, Salesforce, Inc., and CNBC
| Sylvia Varnham O'Regan / The Information: |
Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power — Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees.| Brody Ford / Bloomberg: |
HP reports Q3 revenue up 2.4% YoY to $13.5B, vs. $13.4B est., Printing revenue down 3% to $4.14B, and increases its share repurchase authorization to $10B — - Printer declines expected through end of year, CEO says — Company reports that business PC sales gained momentum
More: Reuters, CRN, Yahoo Finance, MarketWatch, and Laptop Computers …
| Nico Grant / New York Times: |
Yelp sues Google, alleging Google used its dominance in general search to gain an unfair advantage in local search services and local search advertising markets — Yelp complained for more than a decade that Google tilted the search market in its favor. After its rival's landmark legal loss, it finally decided to sue.
More: The Verge, PYMNTS.com, Android Authority, Washington Post, Wall Street Journal, Engadget, Yelp, The Hollywood Reporter, WHDH-TV, Just The News, CNN, Bloomberg Law, and Shacknews
X: @kristileilani, @adamkovac, @adamkovac, @adamkovac, @adamkovac, @nicoagrant, @lutherlowe, @adamkovac, @yelp, @ddayen, @adamkovac, and @jeremys
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