Techmeme
July 28, 2022, 10:25 AM

Top News

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 …
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 …
Jordan Novet / CNBC:
Nelson Wang / CoinDesk:
Amanda Silberling / TechCrunch:
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 …
Matthew Sparkes / New Scientist:
DeepMind says AlphaFold has predicted the structure of almost every protein cataloged by science, over 200M in total, a problem in biology for decades  —  Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science in just 18 months …
Tom Warren / The Verge:
Sony begins testing support for 1440p games on the PlayStation 5, a widely requested feature, alongside a curated gamelists and new social tools  —  Beta testers get access today  —  Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
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.
Wall Street Journal:
Sources: Jack Ma plans to relinquish control of Alibaba's Ant Group, potentially pushing back Ant's IPO for a year or more; regulators approve of the change  —  The shift, long under consideration to reduce governance risks, comes as the Chinese fintech giant seeks to move on from a tough year
Amanda Silberling / TechCrunch:
Twitter tests a status feature for tweets, letting users add a label from a pre-determined list, in the US and Australia  —  Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace).  Some users are reporting …
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 …
The Markup:
A look at 37 companies within the connected vehicle data marketplace, a largely unregulated industry that some estimate will be worth $300B-$800B by 2030  —  A firehose of sensitive data from your vehicle is flowing to a group of companies you've probably never heard of
Financial Times:
Greater London Authority warns housing developers about a potential ban on new housing until 2035, citing a growing number of data centers consuming electricity  —  Greater London Authority warns developers that upgrade might take more than a decade  —  Developers in west London face …
Sara Fischer / Axios:
Sources: Meta begins telling its 50 US news partners that it will no longer pay for content to run on Facebook's News Tab, ending a three-year deal from 2019  —  Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
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.
John Loeffler / TechRadar:
Recent AMD and Nvidia leaks show upcoming GPUs will consume excessive amounts of power, creating a high environmental cost for limited improvement in graphics  —  The planet may burn but at least the end will be ray-traced at 8K  —  A number of recent news items over the past few weeks …
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
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 …
Paul Sawers / TechCrunch:
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M  —  Spotify has quietly announced how much it's paying for four of its recent acquisitions, revealing that it's doling out a combined €291 million …

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