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July 27, 2022, 4:55 PM
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| 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 … | 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:
Washington Post, Insider, PYMNTS.com, Deccan Herald, Android Central, Waivly, and 9to5Mac
Tweets: @modestproposal1, @sachinrekhi, @bmorrissey, @reckless, @alexeheath, @earlekimel, @gergelyorosz, @jobvo, @tuviae, @martinsfp, and @washpostbiz
| 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 …
More:
Engadget, Reuters, VentureBeat, New York Times, CNBC, and Social Media Today
Tweets: @scobleizer, @jowens510, @loudmouthjulia, @kurtwagner8, @jank0, and @kurtwagner8
| 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:
The Verge, Android Police, PYMNTS.com, Engadget, Input, Ars Technica, Liliputing, Android Headlines, SlashGear, iDownloadBlog.com, TechRadar, Neowin, The Mac Observer, 9to5Google, TechSpot, Silicon Republic, CNET, Digital Trends, iMore, 9to5Mac, Mashable, iThinkDifferent, XDA Developers, MobileSyrup, and Gizmodo
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 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, Music Technology Policy, CNET, Android Headlines, TechCrunch, Digital Music News, CNBC, Thurrott, TechSpot, Deadline, Engadget, Financial Times, and Tech Xplore
Tweets: @richlightshed, @kevinbrennanmp, @eldsjal, @dada_drummer, @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, 9to5Toys, MobileSyrup, TechRadar, The Verge, Tom's Guide, Appuals.com, New York Post, Game Developer, TrueAchievements, Windows Central, PC Gamer, CNET, Engadget, Rock, Paper, Shotgun, Video Games Chronicle, TheGamer, GameSpot, Digital Trends, OnMSFT.com, Gameranx, Forbes, GamingBolt, Wccftech, Eurogamer.net, Kotaku Australia, Polygon, WhatIfGaming, Kotaku, Pure Xbox, Press Start, Dexerto, and SegmentNext
| 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:
Federal Trade Commission, The Block, Washington Post, The Verge, Input, Politico, Protocol, Engadget, Bloomberg Law, Financial Times, CNBC, American Economic …, and Seeking Alpha
Tweets: @mikeisaac, @cswilsonftc, @margarethmcgill, @ballmatthew, @eladgil, @adamkovac, @mikeisaac, @caseynewton, @adamkovac, @daveleeft, @daveleeft, @ballmatthew, @stevesi, @hoeglaw, @hoeglaw, @ftc, @econliberties, @econliberties, @martyswant, @econliberties, @karlbode, @levie, @willoremus, @levie, @pkafka, @ballmatthew, @mikeisaac, @alexeheath, @danprimack, @leah_nylen, @pathedger18, @scottnover, @ethanbaron, @montezumachavez, @jesselehrich, @profcarroll, @matthewstoller, @mikeisaac, @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:
Insider, Tubefilter, New York Post, Fortune, and Newslit Daily
Tweets: @thatdanstewart, @stokel, @stokel, @alexhern, @brendancarrfcc, @blakersdozen, @annalecta, and @stokel. Thanks:@stokel
| Emma Roth / The Verge: |
Source:
TikTok. More:
CNN, Silicon Republic, Fox News, and TechCrunch
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @joepcunningham, and @logandobson
| 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, and TechRadar
Tweets: @stshank, @sam_l_shead, and @alexhern
| Vikas SN / Moneycontrol: |
| 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, Search Engine Land, The Verge, Engadget, TechCrunch, and Chrome Developers
Tweets: @patrickmcgee_, @aexm, @johnwilander, @simonjharris, and @larakiara
| 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, On my Om, Slate, NPR, Washington Post, and iThinkDifferent
Tweets: @mosseri, @mignano, @taylorlorenz, @jeffhorwitz, @mattufford, @anoobhu, @taylorlorenz, @taylorlorenz, @boopfashionista, @imbobswaget, @om, @dlberes, @caseynewton, @kirstensaidwhat, @marc_normandin, @nikillinit, @sahilbulla, @stefficao_, @paultassi, @m_scribe, @taylorlorenz, @taylorlorenz, @jacklynwille, and @taylorlorenz
| 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:
PetaPixel, 9to5Google, Tom's Guide, Daring Fireball, Input, and KnowTechie
| 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, iPhone in Canada Blog, Dark Reading, Cybernews.com, The Economic Times, ComputerWeekly.com, SecurityWeek, and Security Boulevard
| 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:
Fox News, The White House, CRN, Protocol, Roll Call, ZDNet, Wall Street Journal, Data Center Knowledge, Computerworld, TechCrunch, Associated Press, CNN, NPR, Engadget, Reuters, and Wccftech
| 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:
HuffPost, New York Post, The Mac Observer, 9to5Mac, and MacDailyNews
Tweets: @zaidjilani, @jesselehrich, @jordanuhl, @maxnesterak, @philipletsou, @s8mb, @zanderkelly30, @viacristiano, @sludge, and @helenbrosnan
| Leah Nylen / Bloomberg: |
More:
9to5Mac. Tweets: @neil_chilson, @leah_nylen, @digitaldemoc, @neil_chilson, @vfranz73, @birnbaum_e, @benvol, @neil_chilson, @aghose, @neil_chilson, and @daveyalba
| 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, FinSMEs, and Forbes
| 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, Business Wire, and CTech
| 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 to one of its biggest gains of the year despite releasing disappointing earnings and a weak profit outlook for the rest of 2022.
Source:
Shopify. More:
New York Times, CNBC, Wall Street Journal, The Economic Times, The Smith Letter, and BetaKit
Tweets: @carnage4life, @carnage4life, and @markrmcqueen
| Kurt Wagner / Bloomberg: |
Memo: Twitter plans to reduce office space in San Francisco, New York, Sydney, Seoul, Osaka, Tokyo, Mumbai, New Delhi, Dublin, and more, 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
| Tom Warren / The Verge: |
Sony teases more PlayStation VR2 details, including a see-through view, a broadcast mode for filming gameplay, and a cinematic mode for non-VR games and media — There are also see-through and cinematic modes — Sony is teasing some more details about its upcoming PlayStation VR2 headset today.
More:
PlayStation.Blog, Road to VR, Club386, SamMobile, and KnowTechie
Tweets: @playstation and @personaspeaks
| Jeff Stone / Bloomberg: |
How two college students used an IP grabbing tool to find the attacker who hacked one of their Snapchat accounts in a sextortion scheme, putting him in jail — Natalie Claus was getting accustomed to her sorority and preparing for winter break one evening in December 2019 when people she knew began receiving unusual messages from her.
Tweets: @jeffstone500 and @weldpond
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The Verge, Softpedia News, GeekWire, Microsoft, diginomica, SegmentNext, Finbold, and Computerworld. Tweets: @daniel_rubino