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July 29, 2021, 11:45 PM
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memeorandum
WeSmirchTop News
| Amazon.com, Inc.: |
Amazon reports Q2 revenue of $113.08B vs. $115.2B est., net sales grew 27% YoY, net income of $7.8B, and AWS net sales of $14.8B, up 37% YoY; stock down 5%+ — SEATTLE—(BUSINESS WIRE) July 29, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2021.
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New York Times, PYMNTS.com, Associated Press, Telegraph, Quartz, Reuters, Yahoo Finance, CNN, MarketWatch, Variety, Adweek, CNET, Insider, SiliconANGLE, Android Central, ZDNet, Bloomberg, The Times, The Guardian, Barron's Online, Australian Financial Review, The Verge, Financial Times, Investor's Business Daily, CNBC, and Reuters
| Jill Goldsmith / Deadline: |
Amazon reports Q2 “other” category revenue, which mostly covers its ad business, of $7.9B, up 83% YoY, and subscription services revenue of $7.9B, up 28% YoY — Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares in late trading.| Nick Statt / Protocol: |
A look at the fallout from the Activision Blizzard suit, as the company confirms it fired WoW lead for misconduct last year and hires “union-busting” law firm — An employee walkout, a tumbling stock price and damning new reports of misconduct. — Activision Blizzard is in crisis mode.| Maggie Fitzgerald / CNBC: |
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B — - Stock trading app Robinhood fell more than 8% on its first day of trading on the Nasdaq. — Robinhood's opening price was $38 per share.
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New York Times, GlobeNewswire News Room, CNN, CNBC, The Verge, Silicon Valley Business …, Reuters, PYMNTS.com, Vox, Wall Street Journal, CNN, Wall Street Journal, New York Times, PitchBook, Bloomberg, Bloomberg, SiliconANGLE, WRAL TechWire, CoinGeek, Protocol, StreetInsider.com, Fortune, Yahoo Finance, Bitcoin News, Bloomberg, CNBC, MarketWatch, Finextra, Reuters, Crypto Briefing, Crunchbase News, and CoinJournal
Tweets: @chrisbloomstran, @bgurley, @thestalwart, @schuldensuehner, @chrisbloomstran, @mylesudland, @robinhoodapp, @cnnbusiness, @felixsalmon, @zerohedge, @vladtenev, @nycsouthpaw, @vojtech, @chrisbloomstran, @wsbmod, @eringriffith, @chrisbloomstran, @danprimack, @danprimack, @levynews, @chrisbloomstran, @jordannovet, @katie_roof, @mims, @mikeisaac, @eringriffith, @chrisbloomstran, @benpopper, @thestalwart, @andrew__reed, @felixsalmon, @tradingview, @chrisbloomstran, and @pkedrosky
| Ryne Hager / Android Police: |
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1 — Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements …
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Android Developers Blog, The Verge, Google Support, Android Developers Blog, The Register, phonearena.com, Gizmodo, TalkAndroid.com, Input, XDA Developers, BBC, TechSpot, XDA Developers, Android Authority, 9to5Google, Android Central, VICE, mobilesyrup.com, Engadget, and KnowTechie
Tweets: @ejdickson, @androidpolice, @counternotions, @gassee, @counternotions, and @charlesarthur
| Jonathan Greig / ZDNet: |
Researchers detail a never-before-seen attack against Iran's train system and transport ministry from a new threat actor using a reusable wiper called Meteor — SentinelOne analysts were able to recreate the July 9 attack and identify the threat actor behind it.| Abner Li / 9to5Google: |
Neuralink, Elon Musk's brain-computer interface company, raises $205M Series C led by Vy Capital, with GV and others participating — In addition to SpaceX and Tesla, Neuralink is another Elon Musk company. Focused on building a brain machine interface, Neuralink today announced … | Ben Schoon / 9to5Google: |
A job listing shows that Google is considering making Stadia the backend of other “interactive streaming platforms” as a white-label option — After closing its in-house Stadia Games & Entertainment studios earlier this year, many have wondered what the future of Google's game streaming ambitions will look like.| Jing Yang / Wall Street Journal: |
Sources: Didi is considering going private to placate Chinese authorities and compensate investors for losses with money made during its IPO; Didi denies report — Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
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Reuters, caixinglobal.com, PingWest, Business Wire, and Barron's Online
Tweets: @aaronwall, @jchengwsj, @kushkatakia, @joshchin, @jingyanghk, @jingyanghk, and @jingyanghk
| Michail / GSMArena.com: |
Motorola announces the Edge 20, 20 Pro, and 20 Lite for Europe, Latin America, and Asia, coming in August with prices starting from €349.99 — A trio of new Motorola phones was announced with the Edge 20 Pro, Edge 20 and Edge 20 Lite. The Pro model brings a flagship specs sheet …
| New York Times: |
A look at Turkey's aggressive regulatory stance towards Google, like banning shopping search ads, which some attribute to Erdogan's authoritarian leadership — The antitrust backlash against Big Tech is playing out in places not known as regulatory hotbeds.
Tweets: @lutherlowe, @satariano, @daiwaka, and @nytimes
| Thomas Brewster / Forbes: |
Profile of Israeli surveillance startup Paragon, funded with $5-10M from US-based Battery, which sources say allows police to hack encrypted messaging apps — Paragon Solutions doesn't have a website. There's very little information at all about them online, even if the Tel Aviv-based …
Tweets: @nixxin, @jsrailton, @jsrailton, @ncweaver, @jsrailton, @chey_cobb, @imdrinknwyn, @imdrinknwyn, @imdrinknwyn, @matthewmspace, @marwasf, @tenacioustek, @iblametom, and @zackwhittaker
| Daniel Estrin / NPR: |
Source: NSO Group has temporarily blocked several government clients globally from using its technology as the company investigates their possible misuse — Israeli spyware company NSO Group has temporarily blocked several government clients around the world from using its technology …
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CNET and Washington Post
| Karen Hao / MIT Technology Review: |
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation — Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
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Fox Business, Fortune, and Insider
Tweets: @_karenhao, @techreview, @joshuahol, @jason_kint, @judyshapiro, @gallantdesigner, @szhang_ds, @jason_kint, @vicatoru, @szhang_ds, @yaeleisenstat, @szhang_ds, @dellcam, @iwelsh, @emilymbender, @dellcam, @nmatini, @mbsaph, @szhang_ds, @timnitgebru, @neilkatz, @lmuscato, @szhang_ds, @niallfirth, @szhang_ds, @justinhendrix, @fboversight, and @mathewi
| Kieran Leavitt / Toronto Star: |
Canada proposes the creation of a digital safety commissioner role to oversee violations of new harmful online content rules and issue penalties to platforms — The Liberal government has proposed a vast new system that would be tailored to ensure illegal content, such as child pornography and hate-speech … | Igor Bosilkovski / Forbes: |
Voiceflow, a Canada-based SaaS platform that lets companies launch their own voice and chat bots, raises $20M Series A led by Felicis Ventures — Canadian collaborative conversational AI tool Voiceflow announced today that it has raised $20 million in a Series A round led by Felicis Ventures.| Ian Carlos Campbell / The Verge: |
Amazon Kindle devices with built-in 3G won't be able to download e-books via cellular connection in the US starting in December as carriers switch off 2G and 3G — Devices that can't connect to Wi-Fi will be out of luck — Amazon's Kindle e-readers with built-in 3G will begin to lose …
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HotHardware.com News, CNET, Good e-Reader, BBC, ExtremeTech, BGR, KnowTechie, TechCrunch, Trusted Reviews, Mashable, Digital Trends, Forbes, TechRadar, Gizmodo, Android Police, TechSpot, and MUO
Tweets: @shortformernie and @_msw_
| Jordan Fabian / Bloomberg: |
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program — - More than 90 executives seek legal status for Dreamers — They say allowing citizenship would give U.S. economic boost| Karissa Bell / Engadget: |
Twitter announces updates to Spaces which will let users tweet directly from the Space; iOS users will be able to search for live and upcoming Spaces — another update that makes the audio feature easier to share and discover. Now, users will be able to compose a new tweet directly from the Space …
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Social Media Today and 9to5Mac
| Salvador Rodriguez / CNBC: |
Pinterest misses on user growth in Q2, with 454M MAUs vs. 482M est., as revenue beats, with $613M, up 125%+ YoY, vs. $562.1M est.; stock down ~14% after hours — - The company declined to provide third-quarter guidance on monthly active user due to the unknown impact of Covid-19 variants.
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TechCrunch, Pinterest, Wall Street Journal, Barron's Online, Wall Street Journal, MarketWatch, and Investor's Business Daily
Tweets: @alex, @andyswan, @ojrenick, @nrossolillo, @buccocapital, @nrossolillo, @lamonicabuzz, @zguz, @mdtrades12, and @richlightshed. Thanks:@sal19
| Eric Newcomer / Newcomer: |
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up — Bessemer Venture Partners is a thoughtful firm in a world of loose money. — 4 hr ago — In 2009, Ethan Kurzweil …
Tweets: @ericnewcomer, @ericnewcomer, @sajithpai, @jasonlk, and @ericnewcomer
| Danielle Kaye / Reuters: |
LinkedIn will let most staff opt for full-time remote work, reversing a policy from last October that would have required in-office work half of the time — LinkedIn will allow most employees to opt for full-time remote work as offices gradually reopen, Chief People Officer Teuila Hanson told Reuters.
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AppleInsider, Insider, and 9to5Mac
Tweets: @zoeschiffer, @zoeschiffer, @zoeschiffer, @martinsfp, and @jowyang
| Alexandra Marvar / The Verge: |
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm — Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.
Tweets: @kelsaywhat, @liahaberman, and @taylorlorenz
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