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July 27, 2022, 3:30 PM
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WeSmirchTop News
| 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 …
More:
Android Police, Input, The Verge, Ars Technica, iDownloadBlog.com, Engadget, iThinkDifferent, TechRadar, The Mac Observer, Gizmodo, CNET, 9to5Google, XDA Developers, Neowin, MobileSyrup, TechSpot, Silicon Republic, Digital Trends, iMore, 9to5Mac, and Mashable
Tweets: @ashleyrcarman, @chrismessina, @ashleyrcarman, and @heilemann
| 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 10%+ — 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, Digital Music News, PCMag, Tech Xplore, Thurrott, CNBC, TechSpot, Deadline, CNET, Engadget, and Financial Times
Tweets: @richlightshed, @dada_drummer, @kevinbrennanmp, @eldsjal, @annaknicolaou, @livesquawk, @jherskowitz, and @tvgrimreaper
| 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 …
More:
IGN, Bloomberg, The Verge, Windows Central, New York Post, Game Developer, CNET, MobileSyrup, TechRadar, Engadget, Tom's Guide, Appuals.com, PC Gamer, TrueAchievements, Forbes, GameSpot, OnMSFT.com, GamingBolt, Rock, Paper, Shotgun, Video Games Chronicle, TheGamer, Gameranx, Dexerto, Digital Trends, Wccftech, Eurogamer.net, Kotaku Australia, Polygon, WhatIfGaming, Kotaku, Pure Xbox, Press Start, SegmentNext, and Blue's News
| 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.
More:
Washington Post, Federal Trade Commission, The Verge, PCMag, TechCrunch, Bloomberg Law, CNBC, Seeking Alpha, and American Economic …
Tweets: @mikeisaac, @cswilsonftc, @margarethmcgill, @mikeisaac, @adamkovac, @daveleeft, @daveleeft, @ballmatthew, @hoeglaw, @hoeglaw, @ftc, @econliberties, @econliberties, @martyswant, @econliberties, @karlbode, @levie, @willoremus, @levie, @pkafka, @ballmatthew, @mikeisaac, @alexeheath, @danprimack, @leah_nylen, @pathedger18, @scottnover, @ethanbaron, @montezumachavez, @jesselehrich, @profcarroll, @mikeisaac, @matthewstoller, @karlbode, and @ftc
| 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 …
More:
New York Post, Fortune, Cybernews.com, and Newslit Daily
Tweets: @stokel, @stokel, @alexhern, @brendancarrfcc, @blakersdozen, @annalecta, @stokel, and @iblametom. Thanks:@stokel
| Emma Roth / The Verge: |
Source:
TikTok. More:
Silicon Republic, Fox News, and TechCrunch
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @joepcunningham, and @logandobson
| Emily Baker-White / BuzzFeed News: |
More:
Fortune, Washington Post, Engadget, and MSPoweruser
Tweets: @ebakerwhite, @alexisohanian, @ebakerwhite, and @bryanrwalsh
| 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 …
More:
The Keyword, Android Police, Ars Technica, Android Authority, Engadget, The Verge, MacRumors, TechRadar, 9to5Google, and 9to5Google
Tweets: @stshank, @sam_l_shead, and @alexhern
| Vikas SN / Moneycontrol: |
| 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 …
More:
PYMNTS.com, Reuters, Washington Post, Insider, San Francisco Business Journal, Deccan Herald, Android Central, Waivly, 9to5Mac, MacRumors, and iThinkDifferent
Tweets: @modestproposal1, @bmorrissey, @reckless, @alexeheath, @alexeheath, @timnitgebru, @pts, @earlekimel, @gergelyorosz, @jobvo, @tuviae, @martinsfp, @washpostbiz, @gartenberg, @gartenberg, and @nytimes
| 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:
On my Om, Michael Mignano, NPR, Washington Post, iThinkDifferent, and NBC News
Tweets: @mosseri, @mignano, @taylorlorenz, @jeffhorwitz, @sahilbulla, @anoobhu, @mattufford, @taylorlorenz, @taylorlorenz, @nadeshot, @boopfashionista, @imbobswaget, @om, @dlberes, @kirstensaidwhat, @marc_normandin, @nikillinit, @stefficao_, @paultassi, @m_scribe, @taylorlorenz, @taylorlorenz, @jacklynwille, @taylorlorenz, @offbeatorbit, @nikitabier, and @balajis
| Abner Li / 9to5Google: |
Google delays the phaseout of third-party cookies in Chrome to H2 2024, after delaying it 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.
More:
The Keyword, Insider, Engadget, TechCrunch, and Vox
Tweets: @aexm, @johnwilander, and @simonjharris
| 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.
More:
9to5Google, PetaPixel, Input, Tom's Guide, Daring Fireball, KnowTechie, Android Police, and The Verge
| 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.
More:
Computerworld, Fox News, The White House, Roll Call, Wall Street Journal, TechCrunch, NPR, Associated Press, CNN, Engadget, Bloomberg, Reuters, The Hill, Wccftech, and WRAL TechWire
| 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 …
More:
Protocol, HuffPost, The Mac Observer, New York Post, MacDailyNews, and 9to5Mac
| Leah Nylen / Bloomberg: |
More:
9to5Mac. Tweets: @neil_chilson, @leah_nylen, @digitaldemoc, @neil_chilson, @vfranz73, @birnbaum_e, @benvol, @neil_chilson, @aghose, @neil_chilson, and @daveyalba
| 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:
Silicon Republic, CNET, Dark Reading, Cybernews.com, SecurityWeek, The Economic Times, ComputerWeekly.com, Digital Trends, and Security Boulevard
| MK Manoylov / The Block: |
Unstoppable Domains, which offers NFT domains as a personal identifier across Web3 apps, raised a $65M Series A led by Pantera Capital at a $1B+ valuation — - Unstoppable Domains announced Wednesday that it raised $65 million in a Series A funding, reaching a $1 billion valuation.
More:
Unstoppable Domains, SiliconANGLE, Crunchbase News, CoinJournal, TechCrunch, Coinspeaker, Fortune, FinSMEs, Forbes, Blockworks, and CoinDesk
| Stefanie Marotta / Bloomberg: |
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP rises 6%+, after crashing 14% on Tuesday due to layoffs — Shopify Inc. rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown …
Source:
Shopify. More:
New York Times, CNBC, Wall Street Journal, The Economic Times, and BetaKit
Tweets: @carnage4life, @carnage4life, @markrmcqueen, and @mattahertz
| Paul Sawers / TechCrunch: |
Human Security, an enterprise bot mitigation and fraud prevention service, merges with PerimeterX, which helps protect web apps; terms were not disclosed — Human Security, a bot mitigation and fraud detection platform for enterprises, is merging with PerimeterX, a company focused …
More:
AdExchanger, Geektime, CTech, and Business Wire
| Kurt Wagner / Bloomberg: |
Memo: Twitter plans to reduce its office space in San Francisco, New York, Sydney, Seoul, Tokyo, and other major markets, in a bid to cut costs — Twitter Inc. is cutting back on its physical office space in several global markets, including San Francisco, New York and Sydney …
More:
Protocol, Barron's Online, and San Francisco Business Journal
Tweets: @kurtwagner8, @kurtwagner8, @carnage4life, and @kurtwagner8
| Reuters: |
Google reported search ad Q2 revenue up nearly 14% YoY to $40.69B, vs. $40.15B est., suggesting it may withstand a global recession better than smaller rivals — Google search ads lifted parent Alphabet Inc (GOOGL.O) close to Wall Street sales expectations on Tuesday, sending shares … Sponsor Posts
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