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February 2, 2023, 7:40 AM
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Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps ~20% — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
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The Register, CNBC, Insider, Forbes, Social Media Today, The Verge, Financial Times, TechCircle, CryptoSlate, Tech in Asia, SiliconANGLE, Investopedia, Thurrott, and Skift
| CNBC: |
Meta reports $727M Reality Labs revenue in Q4, vs. $715.1M est., a $4.28B operating loss, vs. $4.36B est., a $13.72B loss in 2022, and expects a wider 2023 loss — - Meta's Reality Labs unit recorded a $4.28 billion loss in the fourth quarter, bringing its total operating loss for the year to $13.72 billion.
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Gizmodo, UploadVR, Cointelegraph, Decrypt, Micky, The Block, Kotaku, The Overspill, Insider, and Watcher Guru
Tweets: @sadlyitsbradley, @jonmayowriter, @tojiro, @sadlyitsbradley, @mikeisaac, @_jamesoloughlin, @jowens510, @cesarberardini, @hayskali, @jonmayowriter, @lexnfx, @investorvideos, @macton93, @sadlyitsbradley, @larrycheungcfa, @hyounpark, @macton93, @hrafntho, @waitcapital, @scobleizer, @cesarberardini, @sadlyitsbradley, and @smdiehl
| Taylor Hatmaker / TechCrunch: |
Mark Zuckerberg says Meta's management theme for 2023 is the “Year of Efficiency” and emphasizes the company is aiming to “become a leader in generative AI” — Meta is all-in on becoming a lean, mean cash-printing machine. — In its Q4 earnings call on Wednesday …
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Financial Times, Insider, Australian Financial Review, and CNBC
Tweets: @sylviavarnham, @ranjanxroy, @levynews, @thetranscript_, @thetranscript_, @kurtwagner8, @sama, @lexnfx, @kyurieff, @scottnover, @lexnfx, @qwongsj, @ryanbarwick, @jimcramer, @hackteck, @karissabe, @jordannovet, @jclarachan, @jimcramer, @qwongsj, @amasad, @naominixwrites, @chrismessina, @thetranscript_, @issielapowsky, and @mattrosoff
| Subrat Patnaik / Bloomberg: |
After a big decline in 2022, Meta's stock has risen 72%+ since November 3, one of the S&P 500 Index's best-performing stocks, adding $200B+ to its market cap — A spectacular turnaround in Meta Platforms Inc.'s stock is bringing back flashes of Big Tech heydays.| Karissa Bell / Engadget: |
Meta says Facebook had 2B daily active users at the end of Q4, after adding 16M DAUs; WhatsApp crossed 2B daily active users in October 2022 — Almost 20 years in, Facebook is still growing. The social network now has 2 billion daily active users, Meta reported alongside its fourth-quarter earnings.
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Beyond Search and NPR
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| Mike Isaac / New York Times: |
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Insider. Tweets: @traceyryniec, @mikeisaac, @therealhoarse, @carnage4life, @vettechtrader, and @mikeisaac
| Jordan Novet / CNBC: |
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Coinspeaker, The Irish Times, ExchangeWire.com, and AdExchanger
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| Kyle Wiggers / TechCrunch: |
OpenAI launches ChatGPT Plus, a pilot plan with access in peak times, faster response times, and priority access to new features, in the US for $20 per month — Aiming to monetize what's become a viral phenomenon, OpenAI today launched a new pilot subscription plan for ChatGPT …
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OpenAI, The Economic Times, Insider, Tom's Guide, CNN, Coinspeaker, Search Engine Journal, MSPoweruser, International Business Times, New York Times, TechCircle, Pocket-lint, Thurrott, and BGR
Tweets: @openai, @gdb, @razzaque_ayesha, @openai, @arvidkahl, @minimaxir, and @chrismessina
| Krystal Hu / Reuters: |
UBS study: ChatGPT reached ~100M MAUs with ~13M daily unique visitors in January, two months after launch, becoming the fastest-growing consumer app ever — ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch …
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Tech Monitor, Insider, Silicon Republic, TechCircle, Voicebot.ai, Mashable, Ars Technica, Exponential View, Watcher Guru, and Top Startups 2023. Tweets: @marshallk
| TechCrunch: |
Twitter plans to end free access to its API starting February 9, shuttering support for both v1.1 and v2, making a paid version available instead — Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version, the Elon Musk-owned microblogging website …
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The Verge, CNBC, BetaNews, Engadget, TechCircle, Social Media Today, Neowin, and Daily Mail
Tweets: @twitterdev, @twitterdev, @enichan, @luca, @mild_sunrise, @tabitasurge, @twitterdev, @dimensionmedia, @ow, @chetfaliszek, @tree_of_alpha, @ninstatusbot, @chrisapplegate, @theessem, @acecourtbot2, @frankdegods, @namgoreng, @geoffwithasword, @pixeldesu, @kisu_morrow, @splatoon3ink, @jeffseibert, @tier10k, @tante, @jamesrbuk, @martinsfp, @phineyes, @fart, @thekenyeung, @stampsbot, @marshallk, @wabetainfo, @ivanontech, and @psmith
| Tom Warren / The Verge: |
Sony announces a beta version of Discord for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more — Beta testers will be able to join Discord voice calls on a PS5 console in the US, Canada, Japan, and UK starting today.
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PlayStation.Blog, Video Games Chronicle, Engadget, Discord Blog, IGN, TheGamer, Eurogamer.net, Press Start, Wccftech, Pocket-lint, and Gamereactor UK
Tweets: @wario64, @tomwarren, and @playstation
| Bloomberg: |
Sony reports Q3 sales rose 13% YoY to ~$26.4B as operating profit drops 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales were 7.1M, up from 4M YoY — Sony Group Corp. revised up its full-year profit outlook after earnings beat estimates and the company had its best quarter of PlayStation 5 sales.
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The Verge, Video Games Chronicle, The Verge, Engadget, Pocket-lint, Financial Times, Reuters, Nikkei Asia, Variety, Deadline, and The Hollywood Reporter
Tweets: @nib95_, @aegro_84, @oti09280470, @shpeshal_nick, @carnage4life, @firstadopter, @firstadopter, @zhugeex, @andyplaytonic, @piershr, @zuby_tech, and @6d6f636869
| Nicole Herskowitz / Microsoft 365 Blog: |
Microsoft's Teams Premium hits general availability for $10 per user per month; AI-generated notes powered by OpenAI's GPT-3.5 arrive “in the coming months” — As we face economic uncertainties and changes to work patterns, organizations are searching for ways to optimize …
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ZDNet, The Verge, Android Authority, Microsoft Tech Community, TechCircle, OnMSFT.com, Neowin, TechRadar, Thurrott, MSPoweruser, and Windows Central
Tweets: @jeffteper, @erichorvitz, @gsiemens, @armanddoma, @maikamaumau, @aria_ghora, @saboo_shubham_, @decustecu, @paulroetzer, and @satyanadella
| Reed Albergotti / Semafor: |
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Thurrott, TechRadar, gHacks Technology News, Techpoint Africa, Transistori, SiliconANGLE, MSPoweruser, Watcher Guru, and Forbes
Tweets: @aaronwall, @gravicle, @ashleevance, and @s8mb
| Allison Johnson / The Verge: |
Samsung debuts the $1,200+ Galaxy S23 Ultra, similar to the S22 Ultra but with a 200MP camera, more robust optical image stabilization, and better battery life — The Samsung Galaxy S23 Ultra is an S22 Ultra with an extra layer of polish — figuratively speaking.
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Engadget, 9to5Google, Engadget, The Irish Times, Wccftech, MakeUseOf, Gizchina, WRAL TechWire, Tom's Guide, T3, and TechSpot
Tweets: @techledes, @maxwinebach, @gregorymcfadden, @richontech, @richontech, @richontech, @danackerman, @rdrv3, @tomgara, @eliblumenthal, @backlon, and @ryan_browne_
| Emma Roth / The Verge: |
Netflix says US password sharing rules haven't been set yet and removes rules from its US help page saying users must connect to a “primary Wi-Fi” every 31 days — Based on info sourced from Netflix's support pages, The Streamable reported on Tuesday details about its upcoming anti-password sharing efforts.
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Insider, gHacks Technology News, BetaNews, The Streamable, TechRadar, Observer, CNBC, Neowin, Memeburn, 9to5Mac, The Hill, Press Start, and SlashGear
Tweets: @kendallbaker, @bugsmaytrix, and @_maargentino
| Dan Gallagher / Wall Street Journal: |
EA pulls the plug on Apex Legends Mobile and the planned mobile version of its Battlefield franchise, as mobile remains a hard market to crack for the company — ‘Apex Legends Mobile’ misfire drives videogame publisher to pull plug amid tough period — When one of the biggest videogame makers …
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VentureBeat and Electronic Arts Inc.
Tweets: @ethangach, @frank_supercell, @damianburns, @gamesbeat, @deantak, and @rushindrasinha
| Sarah Perez / TechCrunch: |
Decentralized social network app Damus debuts on the App Store with E2EE for DMs; Damus uses the Nostr protocol, to which Jack Dorsey donated ~14 BTC in 2022 — Another decentralized social networking application to challenge Twitter has hit the App Store.
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9to5Mac, CryptoSlate, and Watcher Guru
| Marissa Newman / Bloomberg: |
Legal documents: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies over scraping — Facebook owner Meta Platforms Inc. for years paid a contractor to scrape data from other websites while publicly condemning …
Tweets: @yoda, @audiosilver, @karde, @karllorey, @martinsfp, and @oliviasolon
| Paul Alcorn / Tom's Hardware: |
AMD announces its Ryzen 7000X3D pricing: 7950X3D for $699, 7900X3D for $599, both available on February 28, and 7800X3D for $449, available on April 6 — 3D V-Cache to the masses. — AMD announced three new Zen 4 Ryzen 7000X3D processors for its AM5 platform at CES 2023 … | Natasha Singer / New York Times: |
Drug discount app GoodRx agrees to pay $1.5M to settle with the FTC, which said the company wrongfully gave intimate health info to Meta, Google, and others — The popular drug discount app deceptively shared details on users' illnesses and medicines with ad firms, regulators said in a legal complaint.
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Federal Trade Commission, goodrx.com, WRAL TechWire, Neowin, Gizmodo, CBS News, Engadget, and The Information
Tweets: @ftc, @ftc, @jshermcyber, @bethwaldron, @nytimestech, @evacide, @wbm312, @thomasgermain, @rebeccaklar_, @rebeccaklar_, @ftc, @erinbrodwin, and @brockewturner
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