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July 25, 2023, 7:00 PM
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Alphabet - Investor Relations:
Alphabet reports Q2 revenue of $74.6B, up 7% YoY, net income of $18.37B, up from $16B YoY, Google Cloud revenue of $8.03B, up from $6.28B YoY; GOOG is up 6%+  —  Announces Plans for Chief Financial Officer Transition and Appointment of President and Chief Investment Officer MOUNTAIN VIEW …
CNBC:
Alphabet CFO Ruth Porat will become the President and Chief Investment Officer of Alphabet and Google, overseeing Other Bets, effective September 1, 2023
Vlad Savov / Bloomberg:
Elon Musk says Twitter “made sense when it was just 140 character messages” and the move “is not simply a company renaming itself, but doing the same thing”  —  - Billionaire to build fintech services atop social platform  — Discarding the Twitter name reflects loftier goals, he says
Casey Newton / Platformer:
Elon Musk's rebranding of Twitter to X shows his takeover is best understood not as a money-making endeavor, but as an extended act of cultural vandalism  —  RIP Twitter (2007-2023)  —  On Monday afternoon, a crane rolled up to Twitter's headquarters on Market Street.
Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com
More: Insider, New York Times, Slate, The Messenger, Washington Post, Ars Technica, TIME, The Verge, Watcher Guru, The Verge, PYMNTS.com, CoinDesk, MobileSyrup, Gizmodo, Agence France-Presse, Why Evolution Is True, Metro.co.uk, Newser, PetaPixel, gHacks Technology News, Macworld, Insider, The Verge, Forbes, BBC, Manton Reece, Wall Street Journal, Silicon Republic, The Messenger, Insider, 9to5Mac, Bitcoinist.com, Android Headlines, TechPowerUp, MySmartPrice, and The Verge
LinkedIn: Donita Prakash, Timø Ronan, Alex Kantrowitz, Leela Srinivasan, Leela Srinivasan, Jasmine Enberg, and Caroline Giegerich
Bluesky: @mmasnick.bsky.social, @rrrubenstein.bsky.social, @colinpeters.bsky.social, and @zitron.bsky.social
Mastodon: @mimsical@mastodon.social, @Renee@mastodon.social, @lauren@mastodon …, @lauren@mastodon …, @jsit@social.coop, @malwaretech@infosec.exchange, @SirTapTap@mastodon.social, and @TNLNYC@mastodon.social
Twitter: @lindayacc, @elonmusk, @martingrasser, @elonmusk, @lindayacc, @elonmusk, @elonmusk, @elonmusk, @lindayacc, @elonmusk, @waynesutton, @lindayacc, @mcjesse, @rmac18, @eliothiggins, @requiemarm, @kantrowitz, @levie, @esthercrawford, @rmac18, @tedlieu, @arictoler, @erratarob, @alex193a, @gaetaamy, @paulg, @mkbhd, @rmac18, @rmac18, @profgalloway, @parismarx, @rachelmetz, @sawyermerritt, @chafkin, @jayrosen_nyu, @peterjukes, @hbomberguy, @sesamestreet, @matttomic, @eyepatchwolf, @0xdesigner, @maxdubler, @azealia_tiktok, @hardmaru, @lunch_enjoyer, @0xgaut, @moorehn, @kenklippenstein, @normative, @parismarx, @netik, @lindayacc, @joshshepperd, @jtriest, @zeddary, @tomhfh, @mabintou, @samleecole, @ch1w33th3d0g, @tomwarren, @gaysexforreal, @drmistercody, @wagatwe, @davegerhardt, @brushalt, @noahshachtman, @rajatsuri, @paulg, @0xfoobar, @ccanonne_, @fontendou, @jack, @leederca, @mikedrucker, @kate_rouch, @keewa, @pankendev, @parkermolloy, @kurtruslfanclub, @rothschildmd, @nixcraft, @thegarrettscott, @b_hvrd, @stealthygeek, @stateofronance, @ruskin147, @jessicacadams, @tomwarren, @nmsonline, @webdesignmuseum, @nadineaucamp, @mrbiffo, @keffals, @riptari, @karlremarks, @nikitabier, @austen, @beeple, @savvyauntie, @channel4, @mrdavemacleod, @teslaownerssv, @halomancer1, @davidmackau, @amandamgoetz, @birdyword, @byyourlogic, @selsaystuff, @mike27356894, @turtlekiosk, @harrymccracken, @elonmusk, @levie, @jonrussell, @elonmusk, @zoeschiffer, @timsweeneyepic, @tomcoates, @mgsiegler, @tedlieu, @paulg, @jdcmedlock, @katie_roof, @emilcdc, @bendreyfuss, @yosephpaulos, @jamestobyne, @edzitron, @josephpolitano, @benedictevans, @gabor, @cameronwilson, @jangles, @rmac18, @sherman4949, @xxdepthxx, @largeroundson, @rmac18, @prateekwaghre, @levie, @alexeheath, @karaswisher, @benparr, @eliothiggins, @mshannahmurphy, @evacide, @zoeschiffer, @lcamtuf, @karaswisher, @alexdobie, @austen, @austen, @loupas, @jujuujba, @nycsouthpaw, @gruber, @killedbygoogle, @allergictoguac, @benedictevans, @danprimack, @packym, @levie, @parismarx, @itsmichelebro, @rmac18, @katzish, @stuli1989, @whstancil, @joshconstine, @edzitron, @ctjlewis, @pt, and @ditzkoff
Threads: @taylorlorenz, @keithedwards, @shellen, @crumbler, @renee.diresta, @hankgreen, @crumbler, @sarahprz, @carnage4life, and @reporterzoe
Forums: Hacker News and r/popculturechat
Microsoft - Investor Relations:
Microsoft reports Q4 net income up 20% YoY to $20.1B, revenue up 8% YoY to $56.2B, Office Commercial up 12% YoY, Dynamics 365 up 26% YoY, and LinkedIn up 5% YoY  —  REDMOND, Wash. — July 25, 2023 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2023 …
Tom Warren / The Verge:
Microsoft reports Q4 devices revenue down 20% YoY, overall gaming revenue up 1% YoY, Xbox hardware revenue down 13% YoY, and Windows OEM revenue down 12% YoY
Jason Nelson / Decrypt:
OpenAI shuts down its AI classifier for indicating AI-written text, citing “its low rate of accuracy”, and will research “more effective provenance techniques”  —  In January, artificial intelligence powerhouse OpenAI announced a tool that could save the world …
Ashley Carman / Bloomberg:
Spotify Q2: revenue up 11% YoY to €3.2B, Premium subs up 17% YoY to 220M, MAUs up 27% YoY to 551M; Q3 sales forecast below analyst est.; SPOT closes down 14.26%  —  Spotify Technology SA fell as much as 13% in New York trading after the audio streaming giant reported sales that came …
David Pierce / The Verge:
The Browser Company launches Arc on macOS and iOS after a two-year waitlist; the browser helps users take notes, redesign webpages, organize tabs, and more  —  Arc, the Mac and iOS browser from The Browser Company, is finally ditching its waitlist.  The company has been testing the app …
Raffaele Huang / Wall Street Journal:
Sources: TikTok plans to launch an e-commerce business in the US in early August to sell made-in-China goods to consumers and rival Shein and Temu  —  The app seeks to replicate the success of other popular China-founded shopping platforms Shein and Temu  —  TikTok is launching …
Foo Yun Chee / Reuters:
Apple faces a £785M class action lawsuit, claiming to represent over 1,500 app developers, over its App Store fees at the UK's Competition Appeal Tribunal  —  Apple (AAPL.O) on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought …
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows  —  Meta's text-based social network Threads is rolling out one of the most requested features after its launch — a following feed.  The company is also rolling out the ability to see posts you've liked in your settings.
Richard Lawler / The Verge:
OpenAI releases ChatGPT for Android in the US, Bangladesh, and Brazil, and plans to launch in more countries next week  —  According to a company tweet, it's available first in the US, India, Bangladesh, and Brazil, with other countries set to follow later, mimicking the staged rollout we saw for the iOS version.
Elissa Miolene / Mercury News:
At schools across California, some Chromebook models are about to age out of software updates; 13 models hit their death date this summer and 51 will in 2024  —  At a lofty warehouse in East Oakland, a dozen students have spent their summer days tinkering with laptops.
Jonathan Vanian / CNBC:
Snap Q2: revenue down 4% YoY to $1.07B, vs. $1.05B est., global DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP down 16%+  —  - Snap's overall sales in the second quarter declined 4% from the $1.11 billion it logged in the previous year during the same period.

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From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

More News

Reuters:
Driven by AI demand, TSMC plans to spend nearly $2.9B to build an advanced packaging facility in northern Taiwan and says current capacity is “very tight”

Earlier Picks

Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August
Juli Clover / MacRumors:
Apple opens applications for Apple Vision Pro developer kits, offering developers a “loaner” to build apps alongside specialized hardware and software support
Andrew Hudson / Ars Technica:
An in-depth look at mainframe computers, their 50+ year history, and the IBM mainframe, a business mainstay that represents most of the estimated 10,000 in use
Paul Alcorn / Tom's Hardware:
A Google researcher finds a vulnerability in AMD's Zen 2 chips, giving access to secure information like encryption keys; AMD expects most patches to come in Q4
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