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October 27, 2022, 4:50 AM
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| Meta - Investor Relations: |
Meta reports Q3 revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active users up 4% YoY to 2.93B, staff up 28% YoY; stock down 20%+ — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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Ed Zitron's Where's Your Ed At, Bloomberg, The Verge, Engadget, The Register, New York Times, Bloomberg, Mobile Dev Memo, CNBC, Seeking Alpha, Financial Times, Insider, Reuters, MarketWatch, New York Magazine, Financial Times, Wall Street Journal, Forkast, MindWar, The Great Reset Diary 2022, ZDNet, Search Engine Journal, PC Gamer, Social Media Today, Newser, MBI Deep Dives, CoinDesk, TrackRecord Daily, and Washington Post
Tweets: @zerohedge, @munster_gene, @carlquintanilla, @munster_gene, @conorsen, @bgurley, @malwaretechblog, @sarahfrier, @dansolomon, @thestalwart, @antoniogm, @mikeisaac, @gavinsbaker, @dougboneparth, @robenfarzad, @modestproposal1, @anshelsag, @howardlindzon, @eric_seufert, @edzitron, @levynews, @shiraovide, @shiraovide, @munster_gene, @kalinh, @fbbagholder, @thestalwart, @jyarow, @karissabe, @munster_gene, @jamespmcleod, @verdetrades, @munster_gene, @mikeisaac, @timothynoah1, @jimcramer, @mikeinspace, @wsbchairman, @profitstaken, @jeffhorwitz, @jason_kint, @dailydirtnap, @edzitron, @bdsams, @rmac18, @rihardjarc, @bdsams, @arty_burton, @teroterotero, @jimcramer, @howardlindzon, @pt, @alexjamesfitz, @ecommerceshares, @edbott, @edzitron, @shiraovide, @stillgray, @jason, @jason_kint, @jimcramer, @revshark, @shiraovide, @mmasnick, @levynews, @pathedger18, @antoniogm, @teroterotero, @mikeisaac, @mikeisaac, @davewiner, @sarahfrier, @munster_gene, @karlbode, @munster_gene, and @shiringhaffary
| Nelson Wang / CoinDesk: |
Meta reports Reality Labs had a $3.67B loss in Q3 on $285M in revenue, vs. $406M est., and says the unit's operating loss will grow “significantly” in 2023 — Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
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| Nick Statt / Protocol: |
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| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday …
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| Kirsten Korosec / TechCrunch: |
Autonomous vehicle startup Argo AI, which raised $2.6B+, is shutting down; sources say parts of the company and some employees would be absorbed by Ford and VW — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
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| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox's content and services revenue, after sharing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company's Xbox Game Pass subscription service is already profitable.
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Tweets: @tomwarren, @tomwarren, @k__med, @kmega4, @jmaine518, @vicious696, @iansherr, and @destinlegarie
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation …
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| Steven Musil / CNET: |
Samsung reports Q3 operating profit down 31%+ YoY to $7.65B, the first decline in ~3 years, revenue up ~4% YoY to $54.1B, and semiconductor sales down 14% YoY — Samsung's quarterly profit declined in the third quarter for the first time in nearly three years economic uncertainty continues … | Reuters: |
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated — Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves …
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| Chance Miller / 9to5Mac: |
Apple patches a bug in iOS 16.1 and macOS Ventura that could let apps with Bluetooth access record user conversations with Siri without needing mic access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.
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| Jon Victor / The Information: |
Andy Rubin incorporated home security monitoring software startup Simple Things in July 2020 and appears to have hired staff from his defunct startup Essential — Andy Rubin is planning his next act. — The former Google executive, who received a $90 million severance package following … | David Gutman / The Seattle Times: |
A Washington judge fines Meta ~$24.7M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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Washington State, Seattle Business Journal, and GeekWire
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| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team” — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
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The Verge and OpIndia
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| Wayne Ma / The Information: |
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release — Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year …
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MacRumors, BGR India, Wall Street Journal, SlashGear, and XDA Developers
Tweets: @parismartineau, @jessicalessin, @viticci, @mcwm, @samifathi_, @parkerortolani, @stroughtonsmith, @stroughtonsmith, @bengeskin, @gartenberg, and @anm
| Mack DeGeurin / Gizmodo: |
The UK's ICO warns organizations about the risks of using “emotional analysis” tech, and plans to publish its biometric guidance in spring 2023 — The watchdog's deputy commissioner warned the tech wasn't backed by science and that any benefits were outweighed by the risks. — Alerts
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Information Commissioner's … and The Guardian
Tweets: @iconews, @alexhern, @katecrawford, and @privacymatters
| Han Chen / Axios: |
Report: US state and local governments kept buying Chinese telecom equipment despite a federal-level ban; only five states have rules to limit such purchases — Despite federal efforts to block Chinese telecom equipment from U.S. supply chains, state and local governments across …
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Center for Security …, Nextgov, StateScoop, and Defense One
Tweets: @csetgeorgetown, @loopemma, @joshuasteinman, @mytechmusings, and @williamyang120
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