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Techmeme
July 27, 2023, 5:45 AM
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Meta Investor Relations:
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 7%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023.  —  “We had a good quarter.
Jonathan Vanian / CNBC:
Meta's Reality Labs reports a $3.7B operating loss in Q2, vs. $3.5B est., and expects losses to “increase meaningfully” due to VR/AR and ecosystem investments  —  - Meta's Reality Labs unit, which develops virtual reality and augmented reality technologies, logged …
Scott Nover / Quartz:
Meta says Facebook surpassed 3B MAUs for the first time, increasing 3% YoY as of June 30, 2023, while family monthly active people grew 6% YoY to 3.88B
CNN:
US prosecutors ask a judge to detain Sam Bankman-Fried over witness tampering allegations, saying he leaked Caroline Ellison's personal writings to the NYT  —  New York CNN —  —  US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
Nikhilesh De / CoinDesk:
The US DOJ informed a federal judge that Sam Bankman-Fried won't face the campaign finance charge, which wasn't part of an extradition document with The Bahamas
Bloomberg:
The SEC approves new rules to require publicly traded companies to file details of a cyberattack within four days of identifying a material impact from the hack  —  - Delay possible if public safety or national security at risk  — Some business groups argued that deadline was too short
Sheila Chiang / CNBC:
Samsung reports Q2 revenue down 22% YoY to ~$47.21B, below analyst expectations of ~$47.7B, and operating profit down 95% YoY to ~$525M due to weak phone demand  —  - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
Aisyah Llewellyn / Al Jazeera:
Indonesia restricts X.com, which now redirects to twitter.com after Twitter rebranding to X, as the domain had been previously used by porn and gambling sites
Esther Crawford / @esthercrawford:
Former Director of Product Management Esther Crawford on Twitter's culture of fear, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more
David Welch / Bloomberg:
Waymo plans to slow the development of autonomous trucking as the company moves its focus and investment to ride-hailing  —  Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that's being done by its Via subsidiary.
David Pierce / The Verge:
A postmortem of Neeva, which tried to build a faster, simpler, and ad-free search engine, and how default search engine choices reinforce Google's dominance  —  A couple of ex-Googlers set out to create the search engine of the future.  They built something faster, simpler, and ad-free.
Mastodon: @carnage4life@mas.to.  Twitter: @lutherlowe.  Threads: @imdavidpierce and @parkerortolani
Forums: r/technology and Beehaw
Wes Davis / The Verge:
T-Mobile rolls out ultrafast 5G capable of 3.3Gbps, first in a few US markets for Samsung Galaxy S23 users only, then nationwide in “the coming weeks”  —  / T-Mobile's new wireless tech is live in a few markets and will be available nationally in ‘weeks.’
Lora Kolodny / CNBC:
Sources: the California AG is investigating Tesla, seeking information from customers and ex-employees about Autopilot safety issues and advertising complaints  —  - The California attorney general is investigating Tesla, CNBC has learned, seeking information from customers …
Tom Warren / The Verge:
Microsoft starts rolling out a new Xbox Home UI, offering more space for backgrounds and quick access to store, search, and settings, after 10 months of testing  —  Microsoft first started testing a new Xbox Home UI nearly a year ago, and the company is now ready to deliver it to all Xbox owners.
Medha Singh / Reuters:
Dish partners with Amazon to sell a Boost Infinite postpaid wireless plan with unlimited talk, text, and data services at $25/month for Amazon Prime subscribers  —  Dish Network Corp (DISH.O) is partnering with Amazon.com (AMZN.O) to sell wireless postpaid service plans through its platform …
Wall Street Journal:
Sources: Netflix is reworking its tech deal with Microsoft for its ad tier to reduce the revenue guarantee and has discussed selling ads through other partners  —  Streamer asks for patience as it tries to jump-start $6.99 a month ad tier  —  Netflix is restructuring its advertising partnership …
More: Reuters

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This is a Techmeme archive page. It shows how the site appeared at 5:45 AM ET, July 27, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Dominic Ponsford / Press Gazette:
Jason Cowley, the editor-in-chief of UK magazine the New Statesman, is stepping down from the position at the end of December after 16 years

The New York Times Company:
The New York Times names Dick Stevenson as Washington bureau chief; Stevenson has been at the paper for nearly 40 years and Washington editor since 2021

Ayodeji Rotinwa / Columbia Journalism Review:
A look at the Agora Center for Research, a Ugandan newsroom sitting between activism and investigative reporting, posting its work on various social media sites

More News

Earlier Picks

Dina Bass / Bloomberg:
AWS debuts HealthScribe, an AI-powered tool to summarize patient visits, and is working with partners rather than selling it directly to hospitals and doctors
Kif Leswing / CNBC:
The Overture Maps Foundation, formed by Meta, Microsoft, AWS, and TomTom, releases its first dataset with 59M “points of interest” donated by Meta and Microsoft
Bloomberg:
As droughts spread across Spain, the US, and elsewhere, communities are battling water-hungry data centers; Meta expects a €1B facility to use 665M liters/year
George Hammond / Financial Times:
Anthropic, Google, Microsoft, and OpenAI launch the Frontier Model Forum, aiming to ensure “the safe and responsible development of frontier AI models”
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