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October 25, 2021, 9:30 PM
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| Salvador Rodriguez / CNBC: |
Facebook misses on Q3 revenue, $29.01B vs $29.57B expected, and monthly active users, 2.91B vs 2.93B expected, but beat on EPS of $3.22 vs $3.19 expected — - Facebook's third-quarter earning report comes as the company faces an onslaught of stories related to its internal research.
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Protocol, Gizmodo, Bloomberg, NBC News, and Axios
Tweets: @kantrowitz, @mikeisaac, @kantrowitz, @alexeheath, @alex, @alexeheath, @post_market, @stevekovach, @profcarroll, and @maxkennerly
| Stephanie Condon / ZDNet: |
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS — The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment| Facebook: |
Facebook reports Q3 revenue up 35% YoY to $29.0B, profit of $9.2B, up 17% YoY, DAUs up 6% to 1.93B, headcount up 20% to 68,177, and ups share buybacks by $50B — Third Quarter 2021 Operational and Other Financial Highlights 1 Facebook daily active users (DAUs) - DAUs were 1.93 billion …
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PYMNTS.com, Blockworks, SiliconANGLE, 9to5Mac, The Verge, CoinDesk, Android Central, City A.M., Deadline, and Variety
Tweets: @pearkes and @sherman4949
| Janko Roettgers / Protocol: |
Facebook plans to spend $10B+ on AR and VR this year, including metaverse apps and related hardware, and report FRL segment separately starting in Q4 — Facebook expects to spend more than $10 billion on AR, VR and related hardware as well as the development of metaverse apps and services this year …
More:
Wall Street Journal, The Information, and Channel NewsAsia
Tweets: @mikeisaac, @mylesudland, @alexeheath, @sleepwellcap, @carolinehydetv, @jank0, @alexeheath, @alexeheath, and @matt_cochrane7
| Alex Heath / The Verge: |
Internal documents show Facebook is struggling to attract US users under the age of 30, with US teenage users of the Facebook app declining by 13% since 2019 — The world's largest social network is internally grappling with an existential crisis: an aging user base
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Platformer, Big Technology, iTnews, ZDNet, Insider, Fast Company, CNET, TechCrunch, SlashGear, Axios, iPhone in Canada Blog, CBS News, phonearena.com, and Forbes
Tweets: @sarafischer, @nicholasvinocur, @issielapowsky, @kantrowitz, @kantrowitz, @alexeheath, @esaagar, @reckless, @juliettekayyem, @alexeheath, @kantrowitz, @willmcavoyacn, @bcmerchant, @kantrowitz, @dilipthecherian, @venkatananth, @caslernoel, @kantrowitz, @modestproposal1, @mattrosoff, @jake_k, @jeffnolan, @ayshardzn, @maxthegirl, @ditzkoff, @mattnavarra, and @crussian17. Thanks:@thekenyeung
| Alexandra S. Levine / Politico: |
Internal documents show Facebook had no clear playbook for handling the dangerous content delegitimizing the US elections ahead of the January 6 riots — Facebook's rules left giant holes for U.S. election falsehoods to metastasize. On the day of the Capitol riot, employees began pulling levers to try to stave off the peril.
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CNN, NBC News, and The Guardian
Tweets: @carolecadwalla, @amyklobuchar, @ali_lev, @leah_nylen, @edyong209, @stevesi, @markscott82, @adriennelaf, and @juliettekayyem
| Leah Nylen / Politico: |
Internal Facebook docs: employees touted its scale and dominance in presentations, including showing 78% of US adults and nearly all US teens use its services — Documents collected by whistleblower Frances Haugen could give the company “a lot to regret” in its fights to prove it's not a monopoly.
More:
The Atlantic and CNET
Tweets: @adriennelaf, @yappelbaum, @birnbaum_e, @leah_nylen, and @politico
| Bloomberg: |
More:
The Verge and Politico
Tweets: @kurtwagner8, @carlquintanilla, @jessefelder, @business, @kurtwagner8, @jedimarkus77, and @micheleboldrin
| Washington Post: |
Sources detail Zuckerberg's decisions to put growth over safety, like to ban anti-state posts in Vietnam and to halt a WhatsApp US voting info center in Spanish — Late last year, Mark Zuckerberg faced a choice: Comply with demands from Vietnam's ruling Communist Party to censor anti-government dissidents …
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Washington Post, Reuters, CNN, The Verge, Insider, Reason, The Hill, Bloomberg, Associated Press, BBC, Financial Times, and Quartz
Tweets: @jesselehrich, @hshaban, @reppeterdefazio, @gopleader, @andymstone, @jowens510, @jessicahuseman, @lollardfish, @yaeleisenstat, @jessicahuseman, @mattnegrin, @markberman, @swodinsky, @swodinsky, @andymstone, @samidh, @alexthomp, @robbysoave, @willoremus, @repjayapal, @repkenbuck, @repcardenas, @repandybarr, @joshuahol, @repjayapal, @jonlovett, @ggreenwald, @palmerluckey, @rashadrobinson, @justinhendrix, @watchdogdiva, @maxboot, @runwithskizzers, @peterwsinger, @mikeduncan, @washingtonpost, @sheeraf, @washingtonpost, @kazweida, @senalexpadilla, @zephyrteachout, @washingtonpost, @niubi, @brhodes, @amnestytech, @nihamasih, @mattyglesias, @fawfulfan, @asharangappa_, and @fawfulfan. Thanks:@thekenyeung
| Associated Press: |
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The Atlantic, CNN, Politico, and Nieman Lab
| Casey Newton / The Verge: |
More:
Bloomberg, Washington Post, and Associated Press
Tweets: @ewarren, @thekenyeung, @alexeheath, @nsnadeemsarwar, @verge, and @reckless
| Andrei Frumusanu / AnandTech: |
Apple M1 Pro and Max review: CPU and GPU improvements offer an unparalleled combination of raw performance, unique acceleration, and power efficiency — Last week, Apple had unveiled their new generation MacBook Pro laptop series, a new range of flagship devices that bring with them significant updates …
More:
iMore, YouTube, iThinkDifferent, AppleInsider, MacRumors, and 9to5Mac
| Nilay Patel / The Verge: |
MacBook Pro (2021) hands-on: bringing back ports and removing the Touch Bar is welcome, mini-LED display looks great, and the 1080p webcam is an improvement — New chips, familiar ports, and actual volume buttons — it might be love — It's easy to be excited about the new MacBook Pros …
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Forbes, AnandTech, Engadget, Six Colors, Android Authority, MacRumors, PCMag, CNBC, CNET, YouTube, AppleInsider, Pocket-lint, TechCrunch, MobileSyrup, CNN, Tom's Guide, Macworld, Laptop Mag, iMore, MacDailyNews, Cult of Mac, Daring Fireball, and iPhone Hacks
Tweets: @dcseifert, @tldtoday, @rajamagdich, @techkafa, @pierce, @pierce, @stammy, @reneritchie, and @reneritchie
| Sergiu Gatlan / BleepingComputer: |
Microsoft says Russia-backed Nobelium, behind the 2020 SolarWinds hack, is still targeting the global IT supply chain with 14 providers breached since May 2021 — Microsoft says the Russian-backed Nobelium threat group behind last year's SolarWinds hack is still targeting the global IT supply chain …
Source:
Microsoft On the Issues. More:
New York Times, Microsoft Security Blog, Wall Street Journal, CyberScoop, Axios, HackRead, iTnews, CNN, Threatpost, Agence France-Presse, CRN, and SiliconANGLE
Tweets: @msftsecurity, @dnvolz, @campuscodi, @arekfurt, @jennamc_laugh, @senblumenthal, @kaitlancollins, @carlquintanilla, @ivanthek, and @ericgeller
| Gilad Edelman / Wired: |
Leaked docs detail staff's suggestions to solve Facebook's problems: deprioritize engagement, reduce AI reliance, and focus on safety in developing countries — Internal research documents provide a blueprint for solving the company's biggest problems. — The Facebook Papers
More:
Wired, Wired, and dropsafe
Tweets: @evelyndouek, @c_c_krebs, @caitlin__kelly, @alecmuffett, @wired, and @martyswant
| Steven Levy / Wired: |
| Ben Schoon / 9to5Google: |
Pixel 6 Pro review: an impressive flagship with excellent cameras, all day battery, and charging speeds up to 30W, but fingerprint sensor is “not super quick” — 2016 marked a major year for Google, with the launch of Assistant and its first self-made smartphone, the Google Pixel.
More:
TechCrunch, CNET, Engadget, IGN, ZDNet, techadvisor.com, Laptop Mag, Digital Trends, MobileSyrup, PetaPixel, CNET, XDA Developers, and Android Police
| Sam Rutherford / Gizmodo: |
| Jennifer Surane / Bloomberg: |
Mastercard partners with Bakkt to let banks offer cryptocurrency rewards on credit and debit card purchases; Bakkt's stock closes at $30.60, up 234.43% — Mastercard Inc. is making it easier for banks to offer cryptocurrency rewards on their credit and debit cards as part of the payment network's recent embrace of digital currencies.| Juli Clover / MacRumors: |
Apple releases iOS 15.1 and iPadOS 15.1 with SharePlay, iPhone 13 ProRes video capture, a toggle for automatic macro mode, vaccine cards in Wallet, and more — Apple today released iOS and iPadOS 15.1, the first major updates to the iOS 15 operating system that was released …
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Apple, AppleInsider, Ars Technica, Digital Trends, Wccftech, XDA Developers, iPhone Hacks, and OS X Daily
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