Techmeme
July 28, 2021, 9:15 AM

Top News

Apple:
Apple reports Q3 revenue of $81.4B, up 36% YoY, net income of $21.7B, up from $11.2B YoY, Services sales of $17.4B, up from $13.2B YoY, iPhone sales of $39.6B  —  Revenue up 36 percent to new June quarter record  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Kif Leswing / CNBC:
Microsoft - Investor Relations:
Microsoft reports Q4 revenue up 21% YoY to $46.2B, net income up 47% YoY to $16.5B, commercial cloud revenue up 36% YoY to $19.5B, LinkedIn revenue up 46% YoY  —  Earnings Release FY21 Q4 REDMOND, Wash. — July 27, 2021 — Microsoft Corp. today announced the following results for the quarter ended June 30 …
Tom Warren / The Verge:
The Guardian:
Facebook will restrict how advertisers can target users under 18 across Facebook, Instagram, and Messenger, only allowing age, gender, and location targeting  —  Advertisers on Instagram, Facebook and Messenger will no longer be able to market to under 18s based on their interests
Alphabet - Investor Relations:
Alphabet reports Q2 revenue of $61.88B, up 62% YoY, operating income of $19.36B, up 31% YoY, Google Cloud operating loss down to $591M; stock up 3%+  —  MOUNTAIN VIEW, Calif. - July 27, 2021 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2021.
Jason Schreier / Bloomberg:
Activision Blizzard staff aim to walk out on Wednesday, demanding fairer treatment for underrepresented staff and ending arbitration clauses in staff contracts  —  Bobby Kotick said in an all-staff email that the company's recent actions were ‘tone deaf’  —  Activision Blizzard Inc. Chief …
Jonathan Greig / ZDNet:
Google announces a new bug bounty program, called Bug Hunter University, and says the existing program found 11,055 bugs from 2,022 researchers, paying ~$30M  —  The platform includes a new “Bug Hunter University.”  —  Google announced a new bug bounty platform as it celebrated …
Sarah Perez / TechCrunch:
Twitter hires the team that built Brief, a subscription-based news summary app founded by former Google employees; the app will wind down July 31  —  Twitter's recent acquisition spree continues today as the company announces it has acqui-hired the team from news aggregator and summary app Brief.
Todd Spangler / Variety:
Spotify reports Q2 revenue of €2.3B, up 23% YoY, as ad revenue jumped 110% YoY to €275M; paying subscribers reached 165M, up 20% YoY, total MAUs reached 365M  —  Spotify, citing ongoing headwinds from the COVID pandemic, fell short of its total monthly user growth goal in the second quarter of 2021.
Ian Carlos Campbell / The Verge:
In the new iPadOS 15 beta, Apple makes its controversial Safari redesign optional, letting users choose a more conventional tab layout in settings  —  Enable the new (bad) tab experience in settings  —  Apple has started trickling out its fourth iOS and iPadOS 15 betas …
Andy Greenberg / Wired:
Creators of PunkSpider say they're relaunching their search engine for hackable sites at Defcon next week to spur web admins to fix thousands of unpatched bugs  —  PunkSpider is back, and crawling hundreds of millions of sites for vulnerabilities.  —  THE WEB HAS long been a playground for hackers …
Paul Sawers / VentureBeat:
Remote IT monitoring and management service Atera raises $77M Series B led by General Atlantic  —  All the sessions from Transform 2021 are available on-demand now.  Watch now.  —  Atera, a remote monitoring and management (RMM) platform for IT teams, has $77 million in a series B round of funding led by General Atlantic.
Bloomberg:
PowerSchool, which develops software used by 70% of K-12 students in the US and Canada, raises $711M in its IPO, selling shares at $18, valuing it at $3.5B  —  Education software provider PowerSchool Holdings Inc. raised $711 million in an initial public offering priced at the bottom of a marketed range.
Kyle Wiggers / VentureBeat:
LogicGate, which helps automate corporate governance, risk, and compliance processes, raises $113M Series C, bringing its total raised to $246M  —  All the sessions from Transform 2021 are available on-demand now.  Watch now.  —  LogicGate, a provider of software-as-a-service solutions for governance …
Larry Dignan / ZDNet:
AMD Q2: revenue of $3.85B, up 99% YoY, Computing and Graphics revenue of $2.25B, up 65% YoY, Enterprise, Embedded and Semi-Custom revenue of $1.6B, up 183% YoY  —  The company reported second quarter earnings of 58 cents a share on revenue of $3.85 billion, up 99% from a year ago.
Nikkei Asia:
TSMC receives final approval for a 2nm chip plant in Taiwan; sources say construction will begin in 2022 and equipment will be installed in 2023  —  Environmental approval could help chip giant stay ahead of Intel  —  TAIPEI — Taiwan Semiconductor Manufacturing Co. has received final approval …
Bloomberg:
Duolingo raises $521M in its IPO after pricing shares at $102, valuing the company at $3.66B  —  Language learning app Duolingo Inc. and its investors raised $521 million in an initial public offering priced above the marketed range.  —  The company priced 5.1 million shares at $102 each Tuesday …
More: TechCrunch and Reuters

Sponsor Posts

Airtable:
Meet Airtable ProductCentral  —  The unified solution for managing your entire product development process in the AI era.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Zoho SalesIQ turns 10: Transforming customer experiences since 2014  —  October marked a remarkable milestone for Zoho SalesIQ—our 10th anniversary.  What began in 2014 as a simple live chat tool has evolved …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Fri. 11/01 - ChatGPT Search
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:15 AM ET, July 28, 2021.

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.

More News

Earlier Picks

Washington Post: