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July 27, 2022, 11:45 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 …
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Financial Times, Investopedia, CBS News, Fortune, Forbes, Axios, Associated Press, Newser, Protocol, and Variety
| 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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CNBC, The Block, The Verge, VentureBeat, Reuters, New York Times, Yahoo Finance, Fast Company, Loup, Forbes, Washington Post, The Hollywood Reporter, Gizmodo, and Engadget
Tweets: @persiancapital, @jessecoheninv, @laurengoode, @loudmouthjulia, @crazyreyn, @daveleeft, @jank0, @scobleizer, and @daveleeft
| 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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Cointelegraph and Social Media Today
Tweets: @kurtwagner8, @naxuu, @wagatwe, @blackamazon, @laurengoode, @mikeisaac, @jason_kint, @jgb00m, @shannonpareil, @kurtwagner8, @jason_kint, @alexeheath, and @shannonpareil
| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $2.81B loss for Q2 2022, vs. $3.67B est., on $452M in revenue, compared to a $2.96B loss for Q1 2022 on $695M in revenue — Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. — Jul 27, 2022
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CNBC, TechCrunch, and PetaPixel
Tweets: @saranormous, @sharpshoot, @adamdraper, @jerrycap, @munster_gene, @benedictevans, @modestproposal1, and @jank0
| Amanda Silberling / TechCrunch: |
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The Verge, Social Media Today, 9to5Mac, Deadline, and NPR
Tweets: @alexeheath, @philipmichaels, @mwhittington13, @chrisapplegate, @alexeheath, @pbandjaimie, and @malwarejake
| 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, Meta, The Verge, The Register, BIG by Matt Stoller, Platformer, San Francisco Business Journal, CNBC, The Guardian, New World Notes, Politico, Financial Times, Seeking Alpha, Game Developer, and Bloomberg Law
Tweets: @mikeisaac, @levie, @grimezsz, @cswilsonftc, @margarethmcgill, @ftc, @econliberties, @reckless, @slhamlet, @slhamlet, @levie, @hoeglaw, @benbajarin, @pt, @mikeisaac, @benedictevans, @anshelsag, @anshelsag, @anshelsag, @lucasmtny, @joshconstine, @scobleizer, @mikeisaac, @adamkovac, @reckless, @econliberties, @scottnover, @reckless, @daveleeft, @karlbode, @leah_nylen, @daveleeft, @stevesi, @montezumachavez, @mmasnick, @ballmatthew, @matthewstoller, @jesselehrich, @ronenv, @alexeheath, @martyswant, @benedictevans, @danprimack, @matthewstoller, @benedictevans, @adamkovac, @joshconstine, @econliberties, @caseynewton, @ballmatthew, @pkafka, @adamkovac, @profcarroll, @eladgil, @ballmatthew, @econliberties, @caseynewton, @pathedger18, @chrismessina, @mikeisaac, @karlbode, @adamkovac, @barry, @hoeglaw, and @ethanbaron
| 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 … | 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 … | Todd Spangler / Variety: |
Source:
Spotify Investor Relations. More:
Music Business Worldwide, Pocket-lint, CNET, TechCrunch, Music Technology Policy, and Android Headlines
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, Chrome Developers, Social Media Today, OnMSFT.com, Bloomberg, Neowin, MobileSyrup, CNBC, Engadget, AdExchanger, The Verge, and ZDNet
Tweets: @epro, @simonjharris, @patrickmcgee_, @aexm, and @johnwilander
| 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, About Chromebooks, Thurrott, Neowin, and BigTechWire
| 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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𝘠𝘌 …, dot.LA, Scope Creep 🎯, Tubefilter, and New York Post
Tweets: @stokel, @stokel, @ebakerwhite, @alexhern, @brendancarrfcc, @thatdanstewart, @blakersdozen, and @annalecta. Thanks:@stokel
| Emma Roth / The Verge: |
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TikTok. More:
Fox News, Social Media Today, Protocol, and Silicon Republic
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @joepcunningham, and @logandobson
| 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, Computerworld, Reuters, Roll Call, CNN, Axios, CRN, Gizmodo, Tom's Hardware, Fox News, and The Register
Tweets: @thekanter, @jonmasters, @thekanter, and @digiphile
| Dustin Volz / Wall Street Journal: |
Former US national security officials form Open Source Intelligence Foundation to promote analysis of public data like social media posts for intel-gathering — Social media, satellite images, mobile-phone data can yield as much insight as traditional espionage, but few rules exist
More:
Lawfare
| 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, Washington Post, and Slate
Tweets: @mosseri, @mignano, @taylorlorenz, @zacksjerryrig, @casey, @anoobhu, @taylorlorenz, @muckymann, @taylorlorenz, @muckymann, @boopfashionista, @imbobswaget, @muckymann, @om, @dlberes, @caseynewton, @kirstensaidwhat, @marc_normandin, @nikillinit, @sahilbulla, @stefficao_, @m_scribe, @taylorlorenz, @muckymann, and @taylorlorenz
| 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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Australian Financial Review, TheStreet, Washington Post, Ars Technica, Decrypt, Insider, Deccan Herald, Android Central, Social Media Today, Game Developer, PYMNTS.com, Stock Quest, and Newser
Tweets: @modestproposal1, @bmorrissey, @earlekimel, @gergelyorosz, @jobvo, @tuviae, @martinsfp, @washpostbiz, @sachinrekhi, and @artypapers
| 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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Slashdot, OSnews, New York Times, Daring Fireball, and 9to5Google
Tweets: @matthew_d_green, @rycrist, @rycrist, and @rycrist
| Kif Leswing / CNBC: |
Qualcomm reports Q3 revenue up 37% YoY to $10.93B, vs. $10.88B est., net income up 53% YoY to $3.36B, and chip segment revenue up 45% YoY to $9.38B — - Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance … | 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
| 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 Verge, BigTechWire, Location Business News, Android Central, and Gizmodo
Tweets: @winnielaux_, @stshank, @sam_l_shead, and @alexhern
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