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February 3, 2022, 3:30 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Meta opens down 24%+, erasing $200B+ from its market cap, the biggest loss of market value in single day for a US company, after weak Q4 results and Q1 guidance — Facebook parent Meta Platforms Inc. is set to shed about $200 billion in market value, in what would be one of the biggest …
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Bloomberg, Washington Post, Wall Street Journal, The Verge, CNBC, Mercury News, Insider, Financial Times, PhoneArena, Reuters, Bloomberg, San Francisco Business Journal, Dexerto, MarketWatch, Al Jazeera, The Economic Times, Bloomberg, Decrypt, Philip Elmer‑DeWitt, MarketWatch, Fortune, The Guardian, Bloomberg, and Telecoms.com
| Stephanie Condon / ZDNet: |
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and that Google “faces a different set of restrictions from Apple” — Meanwhile, the company accused Apple of favoring Google over app-based platforms like Facebook with its privacy policies
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New York Times, CNBC, 9to5Mac, CNBC, Fortune, HotHardware.com News, Livemint, Bloomberg, Ars Technica, Macworld, Financial Times, DCD, Neowin, WRAL TechWire, PhoneArena, diginomica, Philip Elmer‑DeWitt, iThinkDifferent, iMore, iPhone in Canada Blog, The Economic Times, and CNN
| Parmy Olson / Bloomberg: |
Meta and Alphabet are the least diversified of the tech giants, relying on ads for 98% and 81% of revenue, respectively, a long-neglected vulnerability — Alphabet Inc. and Meta Platforms Inc., the world's biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021.
More:
New York Times, Barron's Online, Reuters, Bloomberg, and Insider
Tweets: @shiraovide, @kevinroose, @rustybrick, @scouseview, @astaniscia86, and @parmy
| Sam Byford / The Verge: |
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, overtaking the Wii's 101.63M in under five years — A good holiday quarter, but Nintendo cut its forecast — The Nintendo Switch had a relatively strong holiday quarter …
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Nintendo, Bloomberg, Reuters, Engadget, XDA Developers, Nintendo, Video Games Chronicle, Game Developer, International Business Times, Protocol, Android Authority, CNBC, Club386, iPhone in Canada Blog, TechSpot, and 9to5Toys
Tweets: @pelstrom, @vladsavov, and @6d6f636869
| Joe Rossignol / MacRumors: |
The US Senate Judiciary Committee approves the Open App Markets Act, which would allow app sideloading and let developers use their own in-app payment systems — The U.S. Senate Judiciary Committee today approved the bipartisan Open App Markets Act, an antitrust bill that would allow …
More:
CNBC, 9to5Mac, Bloomberg, Axios, XDA Developers, Engadget, Android Police, AppleInsider, iThinkDifferent, iPhone Hacks, and The Mac Observer
Tweets: @marshablackburn, @lauren_feiner, @carnage4life, @carnage4life, @markgurman, @ericmigi, @jason_kint, and @saramorrison
| Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to break into iPhones in 2021; ForcedEntry was also used by NSO Group — A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused …
More:
AppleInsider, Computerworld, XDA Developers, PhoneArena, iPhone in Canada Blog, MacDailyNews, The Mac Observer, and 9to5Mac
Tweets: @ericgarland, @caseynewton, @jshermcyber, @stephaniefishm4, @markdistef, @ziya_meral, @razhael, @snlyngaas, and @pearswick
| Washington Post: |
Meta reports its first-ever sequential decline in global Facebook daily active users, falling from 1.930B to 1.929B QoQ — Facebook parent Meta's stock nosedives in after-hour trading as the company refocuses on the metaverse. — Facebook parent Meta's quarterly earnings report …
More:
The Verge, BuzzFeed News, Meta, Business Standard, Gizmodo, New York Post, Forbes, Moneycontrol, Vox, Protocol, Newser, PCMag, and XDA Developers
Tweets: @willoremus, @loukas_rs, @caseynewton, @hotlinejosh, @wongmjane, @s8mb, @kevinroose, and @thomasfuchs
| Ashley Carman / The Verge: |
Audio: Daniel Ek says Spotify needs exclusives for leverage to land deals with Amazon, Google, and others, and he finds many things Rogan says “very offensive” — He says Spotify is a platform, not a publisher — Spotify CEO Daniel Ek addressed employees about the Joe Rogan controversy …
More:
New York Times, 9to5Mac, Protocol, Insider, Variety, Engadget, and iLounge
Tweets: @gerritd, @lucas_shaw, @jdanbishop, @carnage4life, @nitashatiku, @ericnewcomer, @willoremus, @karlbode, and @ericnewcomer
| Los Angeles Times: |
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Seeking Alpha, The Verge, Variety, NBC News, Reuters, WRAL TechWire, and TNW
Tweets: @mattdpearce, @dada_drummer, @ashleyrcarman, @reckless, @pt, @jamessurowiecki, @markmilian, @amlwhere, @can, @johnmoe, @reckless, @shallowbrigade, @ggreenwald, @broosemiller, @mattdpearce, @baekdal, @karlitaliliana, @ericnewcomer, @taradbennett, @broderick, @jamessurowiecki, @mmasnick, @ericnewcomer, @unvisible_f, and @tommytomlinson
| Catalin Cimpanu / The Record: |
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ETH and moves its site into maintenance mode; Wormhole is offering a $10M “bug bounty” — A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
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Threatpost, Elliptic Blog, CNBC, Bloomberg, Security Affairs, Decrypt, The Verge, PYMNTS.com, CoinDesk, Tom's Hardware, CryptoPotato, TheStreet, VICE, Forbes, Market Meditations, CyberScoop, Crypto Daily, ZyCrypto, Ethereum World News, TechCrunch, Crypto Briefing, Crowdfund Insider, and Malwarebytes Labs
| Richard Waters / Financial Times: |
Interview with Satya Nadella on Microsoft's Activision Blizzard acquisition, preparing for the metaverse, the future of gaming and workplaces, and more — Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.
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Ars Technica, VentureBeat, PCWorld, Neowin, Windows Central, Financial Times, and Video Games Chronicle
Tweets: @ballmatthew, @carlquintanilla, @matt_on_tech, @epicureandeal, and @khalafroula
| Adi Robertson / The Verge: |
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers — It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
More:
Gamestop Corp., VentureBeat, SiliconANGLE, Silicon Republic, Engadget, CryptoPotato, Cointelegraph, PYMNTS.com, Blockworks, Decrypt, The Economic Times, KnowTechie, Reuters, and Game Developer. Tweets: @saraheneedleman
| Arif Bacchus / OnMSFT.com: |
Report: Microsoft scrapped plans for a HoloLens 3 in 2021, shifting instead to a mixed reality device with Samsung and leaving the HoloLens team “inflamed” — Microsoft turned heads when it first introduced HoloLens, and it even launched a second generation of the mixed reality headset …
Source:
Insider. More:
Gizmodo, HotHardware.com News, Digital Trends, Engadget, XDA Developers, MobileSyrup, MSPoweruser, and Pocket-lint
| Sarah Perez / TechCrunch: |
Mozilla shuts down Firefox Reality, its web browser launched in 2018 for Oculus and other AR/VR headsets, and directs users to Igalia's upcoming browser Wolvic — A top VR web browser is closing down. Today, Mozilla announced it's shutting down its Firefox Reality browser …
More:
Igalia, The Mozilla Blog, Neowin, and Phoronix
Tweets: @transmutablenew, @transmutablenew, and @ricmac
| Nina Bambysheva / Forbes: |
Trust Machines, which wants to build DeFi apps, DAOs, and NFTs on Blockstack, now called Stacks, raises $150M via Breyer Capital, Union Square Ventures, others — It's summer 2017. Muneeb Ali, a PhD candidate in computer science at Princeton, is finishing his thesis …
More:
Decrypt, Trust Machines, and CoinDesk
Tweets: @muneeb, @albertwenger, @stacks, @arrington, and @chris_walker_
| Corbin Davenport / XDA Developers: |
Google releases Flutter 2.10 with support for developing Windows apps out of beta; macOS and Linux support remains in beta — Google has been working on Flutter for a few years now, with the goal to create the cross-platform software framework of developers' dreams.
More:
Flutter, SiliconANGLE, Thurrott, Windows Central, and 9to5Google
| Ax Sharma / BleepingComputer: |
The Conti ransomware group hits major British snack producer KP Snacks, affecting the supply of Skips, Hula Hoops, McCoy's, and others to leading supermarkets — KP Snacks, a major producer of popular British snacks has been hit by the Conti ransomware group affecting distribution to leading supermarkets.
More:
betterRetailing, The Guardian, The Register, HackRead, BetaNews, BBC, The i Paper, Sky News, and Telegraph
Tweets: @iblametom, @jimwaterson, and @gossithedog
| Brandy Betz / CoinDesk: |
Tribal Credit, a B2B payments service used in 22+ countries, raises a $60M Series B led by SoftBank Latin America Fund, bringing its total funding to $140M — Tribal Credit, a business-to-business payments and financing platform for emerging markets, has raised $60 million in a Series B funding round led …
More:
PYMNTS.com, The Block, and Finextra
| Saritha Rai / Bloomberg: |
Counterpoint: Apple shipped 2.3M iPhones in India in Q4, up 34% YoY; Xiaomi shipped 9.3M smartphones, up 2% YoY, and Samsung shipped 7.2M, down 8% YoY — Apple Inc. had its strongest quarter for iPhone sales in India yet, a sign the Cupertino, Calif.-based company is finally making progress …
Source:
Counterpoint Research. More:
Philip Elmer‑DeWitt, Android Central, MacDailyNews, South China Morning Post, iPhone in Canada Blog, AppleInsider, TechCircle, Apple Must, and 9to5Mac
Tweets: @bloombergquint, @tarunpathak, @tarunpathak, and @neiltwitz
| 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.| Janko Roettgers / Protocol: |
More:
Bloomberg, Wall Street Journal, TNW, GamesIndustry.biz, Australian Financial Review, thegamer.com, WRAL TechWire, UploadVR, and Forest's Newsletter
Tweets: @alexeheath, @mikeisaac, and @sivavaid
| Dustin Volz / Wall Street Journal: |
White House forms the Cyber Safety Review Board, loosely modeled on NTSB, to investigate major national cybersecurity failures, starting with the Log4j bug — The new panel is loosely modeled on the National Transportation Safety Board and will look into the recently discovered Log4j internet bug
More:
Department of Homeland …, Bloomberg, Cybersecurity Dive, and TechCrunch
Tweets: @cisajen, @argvee, @dnvolz, @dalperovitch, @dnvolz, @dhsgov, @anthony, @ericgeller, @marcambinder, @williamturton, and @wsjpolitics
| Financial Times: |
Sources: Yuga Labs, the startup behind Bored Ape Yacht Club NFTs, is in talks to raise funds from a16z at a $4B-$5B valuation, its first outside funding — NFTs pioneer Yuga Labs seeks $4bn-$5bn valuation from Silicon Valley investor — The start-up behind Bored Ape Yacht Club … | Natasha Mascarenhas / TechCrunch: |
Mos, a challenger bank for students, raises a $40M Series B led by Tiger Global at a $400M valuation, up from $50M in May 2020 — ‘I wish I had to only convince 1,000 nerds, but we need to convince 20 million students.’ — Human rights activist and Mos founder Amira Yahyaoui couldn't afford …
More:
Sequoia Capital US/Europe. Tweets: @ashleymayer, @wolfejosh, @jesskah, @lux_capital, @deenashakir, and @nmasc_. Thanks:@nmasc_
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