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February 2, 2022, 8:00 PM
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| Lauren Feiner / CNBC: |
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+ — - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
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CNET, CoinDesk, Vox, Wall Street Journal, The Hill, Reuters, 9to5Mac, Australian Financial Review, New World Notes, CNN, USA Today, ZDNet, Financial Times, Mashable, RT, Telegraph, Reuters, Deadline, Insider, Sky News, Benzinga, The Hollywood Reporter, Shacknews, Yahoo News, FXStreet, and Investopedia
Tweets: @nikitabier, @talbm2010, @buccocapital, @mikeisaac, @pkedrosky, @davetroy, @asharma, @joannastern, @anthony, @nikitabier, @swiftstories, @jeffnolan, @ferrotv, @sarahfrier, @kantrowitz, @kurtwagner8, @stevenlevy, @kantrowitz, @michaelbatnick, @caseynewton, @kurtwagner8, @kurtwagner8, @mikeisaac, @rustybrick, @mikeisaac, @kurtwagner8, @mikeisaac, @kurtwagner8, @kantrowitz, @buccocapital, @kurtwagner8, @shannonpareil, @qwongsj, @ceciliakang, @buccocapital, and @azeem
| Meta: |
Meta breaks out Facebook, Instagram, Messenger, and WhatsApp as Family of Apps, with Q4 revenue of $32.8B, up 20% YoY, and will adopt the META ticker in H1 2022 — Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
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TechCrunch, ZDNet, Engadget, UploadVR, CNET, VentureBeat, CoinDesk, Reuters, The Guardian, Yahoo Finance, CNBC, Channel NewsAsia, UPI, New York Post, Android Central, RTTNews, SlashGear, Patently Apple, Variety, Fox Business, Irish Examiner, MarketWatch, The Wrap, ZeroHedge, Shacknews, Shacknews, Investing.com, and Shacknews
Tweets: @willoremus, @alexeheath, @willoremus, @paulg, @swiftstories, @alexeheath, @ron_miller, @mhbergen, @chernandburn, @levynews, @jyarow, @mylesudland, @laurenjohnson, and @stevekovach
| Washington Post: |
Meta reports its first-ever sequential decline in global Facebook daily active users, falling from 1.930B to 1.929B QoQ — The slowing growth is taking place as the company pushes into the metaverse and hardware. — Facebook parent Meta's quarterly earnings report on Wednesday revealed …
More:
The Verge, Android Authority, Silicon Valley Business …, Meta, Quartz, and CNBC
Tweets: @golikehellmachi, @caseynewton, @fabiochiusi, @rjcc, @alexeheath, and @lizzadwoskin
| Janko Roettgers / Protocol: |
Meta breaks out its AR/VR-focused Reality Labs unit, reporting 2021 revenue of $2.3B, up from $1.1B in 2020, and losses of $10.2B in 2021, up from $6.6B in 2020 — Meta's AR and VR ambitions come with a significant price tag: Meta's Reality Labs unit lost $10.2 billion last year …
More:
SiliconANGLE, Blockworks, MobileSyrup, PCMag, PetaPixel, TechSpot, Insider, and Reuters. Tweets: @luke_metro
| Andy Greenberg / Wired: |
A profile of US hacker P4x, who says he is responsible for ongoing North Korean internet outages and frustrated by the US' lack of response to DPRK attacks — Disappointed with the lack of US response to the Hermit Kingdom's attacks against US security researchers, one hacker took matters into his own hands.
More:
Gizmodo and DataBreaches.net
| Jon Porter / The Verge: |
Elon Musk announces $500/month Starlink Premium, claiming 150Mbps-500Mbps download speeds, up from 50Mbps-250Mbps, and doubling upload speeds to 20Mbps-40Mbps — The new antenna carries an upfront cost of $2500 — SpaceX's satellite internet service Starlink is getting a pricey new high-performance tier called Starlink Premium.
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International Business Times, Protocol, CNBC, Gizmodo, Ars Technica, Neowin, Insider, TechRadar, New York Post, Input, PCMag, Telecompetitor, iPhone in Canada Blog, MUO, ZDNet, Tom's Guide, HotHardware.com News, Light Reading, SlashGear, TechSpot, KnowTechie, Mashable, Android Authority, Slashdot, TechCrunch, and Waivly
Tweets: @elonmusk, @elonmusk, @farzyness, @davemorin, @marshacollier, @brianweeden, @laurengoode, @epro, @c_s_skeptic, and @mattophobia
| Catalin Cimpanu / The Record: |
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ether, and has moved its site into maintenance mode — A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
More:
CoinDesk, Bloomberg, The Block, Elliptic Blog, Decrypt, iTnews, and Crypto Briefing
Tweets: @wormholecrypto, @campuscodi, @austin_federa, @dogetoshi, @carsonturner, @gossithedog, @caseynewton, @coindesk, and @silvermanjacob
| Stephanie Bodoni / Bloomberg: |
Belgium's data watchdog fines IAB Europe €250K after finding its ad-targeting tool violates GDPR, and orders a “series of remedies” within two months — IAB Europe, an association for online advertising companies, was fined 250,000 euros ($282,690) and handed an ultimatum …
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Irish Council …, IAB Europe, The Irish Times, TechCrunch, AdExchanger, Euractiv, Engadget, and infosecurity-magazine.com
| Sharon Pruitt-Young / NPR: |
The FBI warns athletes attending the 2022 Winter Olympics and Paralympics in China to take burner phones and says the official MY2022 app poses a security risk — Athletes on their way to the 2022 Winter Olympics have a new item to add to their packing list: a burner phone.
Source:
CISA. More:
BBC, Wired, ZDNet, Threatpost, The Hill, Newser, Protocol, SecurityWeek, and Dark Reading
Tweets: @foxcahn and @jakelaperruque
| James Vincent / The Verge: |
DeepMind details AlphaCode, a new AI coding engine that it says “writes computer programs at a competitive level” — AlphaCode is good, but not great — not yet — DeepMind has created an AI system named AlphaCode that it says “writes computer programs at a competitive level.”
More:
Deepmind, Protocol, VentureBeat, BBC, 9to5Google, and Financial Times
Tweets: @deepmind, @sam__l__, @rossdawson, @infoecon, @nachosoto, @jjvincent, @michaelazmy, @buckwoodymsft, @demishassabis, @westcoastbill, @tomchivers, @jjvincent, and @liyuajia
| Ben Thompson / Stratechery: |
How the acquisitions of Zynga by Take-Two, Activision Blizzard by Microsoft, and Bungie by Sony reveal an industry evolution that extends far beyond gaming — Another week, another gaming acquisition. First Take-Two acquired Zynga, then Microsoft acquired Activision-Blizzard … | Nathan Grayson / Washington Post: |
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Video Games Chronicle, GamesIndustry.biz, Polygon, Gamereactor UK, Hit Points, and GamingBolt
| Catalin Cimpanu / The Record: |
GitHub, which owns the npm JavaScript package manager, enrolls the maintainers of npm's 100 most popular libraries into mandatory two-factor authentication — The administrators of the Node Package Manager (npm), the largest package repository of the JavaScript ecosystem …
More:
The GitHub Blog, XDA Developers, and TechCrunch
Tweets: @npmjs, @jpwarren, @jllord, @alanzeino, @patak_dev, @j_opdenakker, @feefyou, @gossithedog, @hrbrmstr, @swizec, @slicknet, and @willmcgugan
| J. Clara Chan / The Hollywood Reporter: |
Spotify reports Q4 revenue of €2.69B, up 24% YoY, 406M MAUs, up 18% YoY, and ad-supported revenue of €394M, up 40% YoY and a record 15% of total revenue — The audio giant reported earnings as a growing list of musicians and podcasters leave the platform over its handling of misinformation on Joe Rogan's podcast.
More:
Spotify, Benzinga, ZDNet, Thurrott, MobileSyrup, and Wall Street Journal
Tweets: @chriswelch, @chriswelch, @anthony, @lucas_shaw, @lucas_shaw, @lucas_shaw, @lucas_shaw, @sarafischer, and @jclarachan
| Wall Street Journal: |
A look at the injuries users sustain while gaming with their VR headsets, which commonly come with safety tips like clearing out furniture and staying seated — Tally includes broken vases, dislocated shoulders, injured girlfriends; 'Why don't you go to the gym like a normal person?'
Tweets: @robicellis, @digital_vix3n, @mikeelgan, @wsj, @rmac18, and @jessreports
| Yogita Khatri / The Block: |
Dune Analytics, which makes crypto data charts and dashboards, raises a $69.420M Series B at a $1B valuation led by Coatue, bringing its total funding to $80M — Quick Take — Dune Analytics has hit a valuation of $1 billion with its Series B round. — Dune has big plans in place …
More:
dune.xyz, PR Newswire, Decrypt, TechCrunch, Crypto Daily, CoinDesk, Cointelegraph, ArcticStartup, CryptoPotato, and Blockworks. Tweets: @mdudas
| Russell Brandom / The Verge: |
How OpenSea became synonymous with the NFT boom, hiding the complexity of ERC-721 transactions for a mass audience; OpenSea made $386M from fees in January 2022 — On a cold day in January, NFTs started disappearing. Major services like MetaMask and Twitter were suddenly unable …
Tweets: @russellbrandom and @reckless
| Wall Street Journal: |
The US Commerce Department is finalizing rules for apps deemed to be national security risks, like TikTok, including mandatory third-party audits and monitoring — Commerce Department proposes rule to widen restrictions on Chinese apps; Sen. Marco Rubio says administration is taking timid steps on data security
More:
Insider, Barron's Online, and Washington Post
Tweets: @wsjpolitics, @wsjpolitics, @niubi, @thedragonfeeder, @hypervisible, @saraheneedleman, and @jeffjarvis
| Sam Byford / The Verge: |
Sony reports Q3 gaming revenue fell 8% YoY to ~$7.09B, operating profit rose 12.1% YoY to ~$810M; Sony shipped 3.9M PS5 consoles, bringing the total to 17.3M — The PS4 had sold more at this point — Sony shipped just 3.9 million PlayStation 5 consoles in its all-important holiday quarter …
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Engadget, GamesIndustry.biz, Tech Advisor, Kotaku, VentureBeat, Reuters, Tom's Guide, The Information, Thurrott, TechSpot, ExtremeTech, Android Headlines, iPhone in Canada Blog, Bloomberg, Tom's Guide, Gameranx, Pocketnow, Game Developer, KnowTechie, SlashGear, and Deadline
Tweets: @nextgenplayer, @tomwarren, and @vladsavov
| Janko Roettgers / Protocol: |
Startups have begun selling and renting out AR spaces tied to real-world addresses, raising questions about who should have the rights to a property's AR layer — It's the stuff of nightmares: The other day, I found my property occupied by a stranger, who was renting it out, Airbnb style.
Tweets: @pierce, @amywebb, @jank0, @dlberes, @timgrieve, @ldrogen, and @mollyxbrady
| Kif Leswing / CNBC: |
Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY — - Qualcomm reported first-quarter earnings Wednesday after the bell. — Qualcomm's chip business grew 35% driven by handset chip sales.| Anna Edgerton / Bloomberg: |
Sources: Meta is quietly explaining its metaverse vision to conservative think tanks and nonprofits, seeking to blunt expected criticism from lawmakers in DC — Mark Zuckerberg has a problem money can't fix: convincing Capitol Hill that the metaverse — whatever that is — isn't evil.
More:
Gizmodo, Computerworld, and Fortune
Tweets: @bpolitics, @kurtwagner8, @bpolitics, @mattnavarra, @sarahfrier, and @ron_miller
| Lucas Matney / TechCrunch: |
Pixel Vault, a decentralized entertainment startup focused on an NFT collection of superheroes, raises $100M from 01 Advisors and Velvet Sea Ventures — The world of NFTs is bizarre, confounding and exhilarating. Detractors see a space full of capital-obsessed hucksters who want to choke …
More:
GlobeNewswire News Room, Cointelegraph, CoinDesk, and Tubefilter
| Laurens Cerulus / Politico: |
The European Commission publishes a plan to bolster its influence in creating global tech standards, seeking to challenge the US and China and their companies — The EU is taking a “Europe First” approach to technological standardization. — The European Commission on Wednesday presented …
More:
Financial Times, European Commission, and ExchangeWire.com
Tweets: @blob_watcher and @ylechelle
| Kyle Wiggers / VentureBeat: |
Montreal-based Wrk, which automates common enterprise workflows using bots, APIs, and robotic process automation, raises ~$43M across seed, Series A, and debt — An enduring feature of the pandemic will be the increased deployment of automation in the enterprise.
More:
BetaKit, SiliconANGLE, and PR Newswire
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