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July 28, 2022, 4:40 AM
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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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CNBC, The Block, The Verge, The Economic Times, VentureBeat, PYMNTS.com, SiliconANGLE, Reuters, New York Times, Yahoo Finance, CNN, Fast Company, TechCrunch, 9to5Mac, Loup, Forbes, Gizmodo, Washington Post, The Hollywood Reporter, Engadget, and TechCrunch
Tweets: @persiancapital, @jessecoheninv, @laurengoode, @loudmouthjulia, @daveleeft, @crazyreyn, @daveleeft, @kurtwagner8, @chrisjbakke, @jank0, @mmasnick, and @scobleizer
| 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, Newser, Forbes, CBS News, The Guardian, Fortune, Axios, Variety, and Transistori
| 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, TrackRecord Daily, PetaPixel, TechCrunch, and Gamereactor UK
Tweets: @saranormous, @sharpshoot, @jerrycap, @munster_gene, @modestproposal1, @adamdraper, @jank0, and @benedictevans
| 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: @naxuu, @wagatwe, @laurengoode, @mikeisaac, @jason_kint, @alexeheath, @jason_kint, @blackamazon, @jgb00m, @shannonpareil, @shannonpareil, @kurtwagner8, and @jason_kint
| Amanda Silberling / TechCrunch: |
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NBC News, The Signal, Deadline, The Verge, Social Media Today, and Australian Financial Review
| 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 Block, BIG by Matt Stoller, Ethereum World News, The Economic Times, Financial Times, New World Notes, Platformer, Silicon Valley Business …, The Register, and Politico
Tweets: @mikeisaac, @ftc, @levie, @grimezsz, @cswilsonftc, @margarethmcgill, @levie, @hoeglaw, @benbajarin, @mikeisaac, @benedictevans, @ftc, @joshconstine, @econliberties, @scobleizer, @caseynewton, @mikeisaac, @adamkovac, @reckless, @econliberties, @scottnover, @reckless, @ballmatthew, @econliberties, @daveleeft, @pkafka, @karlbode, @adamkovac, @leah_nylen, @profcarroll, @eladgil, @daveleeft, @ballmatthew, @stevesi, @montezumachavez, @mmasnick, @ballmatthew, @matthewstoller, @jesselehrich, @econliberties, @slhamlet, @ronenv, @alexeheath, @martyswant, @benedictevans, @caseynewton, @pathedger18, @chrismessina, @mikeisaac, @karlbode, @adamkovac, @reckless, @danprimack, @barry, @hoeglaw, @matthewstoller, @slhamlet, @benedictevans, @ethanbaron, @anshelsag, @sohrabahmari, @adamkovac, @karlbode, @anshelsag, @joshconstine, @anshelsag, @daveleeft, @adamkovac, @pt, @willoremus, @lucasmtny, @caseynewton, and @karlbode
| Richard Speed / The Register: |
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations — Reports seeing ‘offensive actor’ flinging SubZero malware — Microsoft has published an analysis of a Europe-based …
Source:
Microsoft Security Blog. More:
Microsoft On the Issues, Neowin, Associated Press, PCMag, iTnews, Dark Reading, and SC Media
Tweets: @msftsecintel, @botherder, @campuscodi, @ryanaraine, @campuscodi, @ryanaraine, @cristingoodwin, @jonathandata1, and @goretsky
| Frederic Lardinois / TechCrunch: |
Google unveils Chrome OS features: video editing in Google Photos, PDF editing in Gallery, light and dark themes, 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, Gizmodo, The Verge, About Chromebooks, Thurrott, Engadget, CNET, BigTechWire, Pocket-lint, and Neowin
Tweets: @sundarpichai and @google
| 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, Bloomberg, Android Police, ZDNet, AdExchanger, MobileSyrup, Digiday, OnMSFT.com, and Neowin
Tweets: @epro, @simonjharris, @aexm, @johnwilander, @larakiara, and @patrickmcgee_
| 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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IGN, TechRadar, The Verge, TechSpot, Stevivor, The Shortcut, Dexerto, GameRevolution, Herný update, TheGamer, HotHardware, Destructoid, BGR India, and 9to5Toys
| Richard Lawler / The Verge: |
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022 — It's not that different — We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised …
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The Keyword, 9to5Google, Gizmodo, Neowin, Android Authority, and Droid Life
| 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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Wall Street Journal, Reuters, New York Times, Washington Post, The White House, The White House, DigiTimes, Tom's Hardware, The Register, and CRN
Tweets: @ballmatthew, @shamikaravi, @lukewsavage, @juddlegum, @jonmasters, @digiphile, @lindseygrahamsc, @thekanter, and @thekanter
| Dustin Volz / Wall Street Journal: |
Former US national security officials form the Open Source Intelligence Foundation to promote analyzing 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
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Lawfare. Tweets: @amyzegart, @strausscenter, @wsj, @nkulw, @newley, @dnvolz, @eliothiggins, and @bobbychesney
| Mark Gurman / Bloomberg: |
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car — Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
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iClarified, Patently Apple, AppleInsider, Cult of Mac, MacDailyNews, TechCrunch, PYMNTS.com, iMore, and iDownloadBlog.com
Tweets: @mikeelgan, @newsynick, @stshank, @markgurman, and @jpr007
| 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 …
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Wireless Technology …, Thurrott, Reuters, Wall Street Journal, MarketWatch, Android Central, Investor's Business Daily, Light Reading, and Bloomberg
Tweets: @mytechmusings, @benbajarin, @rossrubin, and @mingchikuo
| 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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Spotify Investor Relations, The Verge, Engadget, XDA Developers, and Android Central
Tweets: @annaknicolaou and @chrismessina
| 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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New York Post, Scope Creep 🎯, dot.LA, 𝘠𝘌 …, and Tubefilter
| Emma Roth / The Verge: |
Source:
TikTok. More:
Social Media Today, Protocol, and CNN
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @logandobson, and @joepcunningham
| Financial Times: |
Sources: Twitter CEO Parag Agarwal has sought to spend more time with advertisers to keep the company's $4.5B/year ad business afloat amid its Musk legal battle — Legal battle to enforce $44bn sale has exacerbated tensions between leadership and staff — Twitter is suffering from falling morale … Sponsor Posts
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
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Hamming:
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