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July 27, 2022, 7:55 PM
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| Meta - Investor Relations: |
Meta reports Q2 revenue down 1% YoY to $28.8B, net income down 36% YoY to $6.69B, and Family of Apps daily active people up 4% YoY to 2.88B — Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27, 2022 /PRNewswire …
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The Verge, CNBC, The Block, VentureBeat, Forbes, Gizmodo, New York Times, Reuters, Engadget, TechCrunch, Yahoo Finance, and The Hollywood Reporter
Tweets: @daveleeft, @daveleeft, @chrisjbakke, @jessecoheninv, @laurengoode, @levynews, @crazyreyn, @loudmouthjulia, @jank0, @scobleizer, and @jowens510
| Salvador Rodriguez / Wall Street Journal: |
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook … | Jordan Novet / CNBC: |
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to “steadily reduce headcount growth over the next year” — - It appears the economy has begun a downturn, said Mark Zuckerberg, CEO of Meta Platforms, on the company's Q2 earnings call.
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Social Media Today. Tweets: @kurtwagner8, @mikeisaac, @jgb00m, @shannonpareil, @jason_kint, @malwarejake, @laurengoode, @jason_kint, @shannonpareil, @jason_kint, @alexeheath, and @kurtwagner8
| Amanda Silberling / TechCrunch: |
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9to5Mac, Deadline, and NPR
Tweets: @philipmichaels, @mwhittington13, @chrisapplegate, @chrisapplegate, @pbandjaimie, and @alexeheath
| New York Times: |
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan — The move is a blow to Meta's metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.
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Federal Trade Commission, Washington Post, Meta, The Verge, The Guardian, San Francisco Business Journal, New World Notes, PYMNTS.com, Decrypt, CNBC, Game Developer, Politico, Financial Times, CNBC, Seeking Alpha, and Bloomberg Law
Tweets: @mikeisaac, @grimezsz, @benedictevans, @cswilsonftc, @margarethmcgill, @adamkovac, @adamkovac, @adamkovac, @ronenv, @joshconstine, @joshconstine, @reckless, @levie, @hoeglaw, @sohrabahmari, @mikeisaac, @barry, @scobleizer, @mikeisaac, @adamkovac, @reckless, @econliberties, @scottnover, @daveleeft, @leah_nylen, @daveleeft, @stevesi, @montezumachavez, @mmasnick, @ballmatthew, @matthewstoller, @jesselehrich, @alexeheath, @martyswant, @benedictevans, @danprimack, @matthewstoller, @econliberties, @ballmatthew, @pkafka, @adamkovac, @profcarroll, @eladgil, @ballmatthew, @econliberties, @caseynewton, @pathedger18, @chrismessina, @mikeisaac, @levie, @karlbode, @ftc, and @hoeglaw
| Jason Schreier / Bloomberg: |
Interviews with 20+ people detail GTA developer Rockstar's attempts to change its “boys' club” workplace culture, starting in 2018, after complaints and burnout — In the summer of 2020, after a police officer killed George Floyd, Rockstar Games quietly shelved a mode of play …
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Bloomberg, IGN, HotHardware, Stevivor, we are Mitú …, The Verge, The Shortcut, TechSpot, Dexerto, GameRevolution, Destructoid, MobileSyrup, TechRadar, Tom's Guide, GameSpot, TheGamer, Digital Trends, Windows Central, OnMSFT.com, Gameranx, Forbes, GamingBolt, Wccftech, Eurogamer.net, Kotaku Australia, New York Post, PC Gamer, TrueAchievements, Polygon, Video Games Chronicle, WhatIfGaming, Kotaku, Engadget, Pure Xbox, Game Developer, CNET, and 9to5Toys
| Ingrid Lunden / TechCrunch: |
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues” — Spotify's push to complement its music streaming with a big move into podcasting and related content appears …
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The Verge, Engadget, XDA Developers, PYMNTS.com, Android Police, Android Central, Neowin, The Mac Observer, 9to5Google, TechSpot, CNET, Liliputing, TechRadar, Android Headlines, Input, Ars Technica, SlashGear, Digital Trends, iMore, 9to5Mac, Mashable, iDownloadBlog.com, and iThinkDifferent
Tweets: @ashleyrcarman and @chrismessina
| Todd Spangler / Variety: |
Spotify reports Q2 revenue up 23% YoY to €2.9B, a €125M net loss, up from €20M YoY, MAUs up 19% YoY to 433M, and Premium users up 14% YoY to 188M; stock up 12% — Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.
Source:
Spotify Investor Relations. More:
Music Business Worldwide, CNET, TechCrunch, Thurrott, TechSpot, Music Technology Policy, Android Headlines, Deadline, and CNBC
Tweets: @richlightshed, @kevinbrennanmp, @eldsjal, @dada_drummer, @annaknicolaou, @livesquawk, and @jherskowitz
| Abner Li / 9to5Google: |
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
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The Keyword, Insider, Android Police, AdExchanger, ZDNet, Bloomberg, Search Engine Land, The Verge, Chrome Developers, CNBC, and Engadget
Tweets: @epro, @simonjharris, @patrickmcgee_, @aexm, and @johnwilander
| Chris Stokel-Walker / Gizmodo: |
Internal TikTok PR documents reveal suggested responses to difficult questions, including downplaying AI, parent company ByteDance, and “the China association” — Leaked documents detail what TikTok tells the media—and what it doesn't. — Leaked documents from within TikTok reveal …
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Insider, New York Post, Tubefilter, and MSPoweruser
Tweets: @stokel, @ebakerwhite, @stokel, @alexhern, @brendancarrfcc, @thatdanstewart, @blakersdozen, and @annalecta. Thanks:@stokel
| Emma Roth / The Verge: |
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TikTok. More:
Protocol, CNN, Fox News, Silicon Republic, New York Post, and TechCrunch
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, and @joepcunningham
| Ivan Mehta / TechCrunch: |
Google announces Maps updates: photorealistic aerial views of nearly 100 landmarks, more detailed cycling route information, and location sharing notifications — Google — facing increasing competition from other apps like Instagram and TikTok when it comes to consumers searching for things …
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The Keyword, Livemint, Android Police, Android Central, Ars Technica, Engadget, Location Business News, and The Verge
Tweets: @stshank, @sam_l_shead, and @alexhern
| Vikas SN / Moneycontrol: |
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TechCrunch, Google, Reuters, Livemint, Android Central, and The Verge
| Alex Heath / The Verge: |
Mark Zuckerberg told employees that Meta and Apple are in a “very deep, philosophical competition” to build the metaverse and set the internet's direction — “This is a competition of philosophies and ideas,” Meta's CEO recently told employees — Mark Zuckerberg believes …
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Decrypt, Game Developer, Washington Post, Android Central, Insider, Social Media Today, Newser, Deccan Herald, and PYMNTS.com
Tweets: @artypapers, @modestproposal1, @bmorrissey, @reckless, @earlekimel, @gergelyorosz, @jobvo, @tuviae, @martinsfp, @washpostbiz, and @sachinrekhi
| Frederic Lardinois / TechCrunch: |
Google unveils new Chromebook productivity features, including video editing for Google Photos, PDF editing in Gallery, and the ability to save a virtual desk — Google today announced that it is adding a new movie editor and a few new video editing features to Google Photos …
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The Keyword, 9to5Google, The Verge, CNET, About Chromebooks, Thurrott, SiliconANGLE, and Engadget
| Kevin Breuninger / CNBC: |
The US Senate passes the Chips and Science Act, including $52B+ for US chipmakers plus tax credits to encourage investment; the bill now heads to the House — - The Senate passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductors.
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New York Times, The White House, Tom's Hardware, Reuters, The Register, CRN, Roll Call, Computerworld, Data Center Knowledge, CNN, ZDNet, Gizmodo, Fox News, and Wccftech. Tweets: @digiphile
| Taylor Lorenz / Taylor Lorenz's Newsletter: |
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content — It isn't just the platform that has changed, we have too. — Over the past few days there's been a movement to “Make Instagram Instagram again.”
More:
Michael Mignano, Slate, Washington Post, and iThinkDifferent
| Ry Crist / CNET: |
Like Amazon's Ring, Google's Nest reserves the right to comply with emergency US law enforcement requests for video footage without a warrant or user consent — The law lets Ring and Google share user footage with police during emergencies without consent and without warrants. Here's everything you should know.
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OSnews, CPO Magazine, 9to5Google, and Tom's Guide
| Duncan Riley / SiliconANGLE: |
An IBM study of 550 global organizations: the average cost of a data breach is $4.35M, up 13% over the past two years, and 83% experienced more than one breach — A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before.
Source:
IBM and IBM. More:
SC Media, Channel Futures, TechSpot, iPhone in Canada Blog, ComputerWeekly.com, and SecurityWeek
| Jeff Stone / Bloomberg: |
How two college students used an IP address grabbing tool to find who hacked one of their Snapchat accounts in a sextortion scheme, putting the attacker in jail — Natalie Claus was getting accustomed to her sorority and preparing for winter break one evening in December 2019 when people …
Tweets: @jeffstone500 and @weldpond
| Emily Birnbaum / Bloomberg: |
Sources: Senate Majority Leader Chuck Schumer told donors at a fundraiser that the AICO Act to pare back the power of Big Tech companies doesn't have the votes — Senate Majority Leader Chuck Schumer told a group of donors that he doesn't believe that there are enough votes in the Senate …
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HuffPost, The Mac Observer, 9to5Mac, and MacDailyNews
Tweets: @zaidjilani, @jesselehrich, @s8mb, @viacristiano, and @sludge
| Leah Nylen / Bloomberg: |
Tweets: @neil_chilson, @leah_nylen, @digitaldemoc, @neil_chilson, @vfranz73, @birnbaum_e, @benvol, @neil_chilson, @aghose, @neil_chilson, and @daveyalba
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