Techmeme
July 27, 2023, 8:20 AM

Top News

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 10%+  —  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 …
Bloomberg:
Scott Nover / Quartz:
Steve Moser / MacRumors:
iOS 17 beta 4 code hints at a rumored Action button, offering quick access to Shortcuts, Silent Mode, Camera, and more, similar to the Watch Ultra's button  —  Apple released the fourth beta of iOS 17 to developers yesterday, and among the changes in the latest beta are some new code snippets …
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  —  The Justice Department said late Wednesday that the campaign finance charge was not included in an extradition document with The Bahamas …
Kim Mackrael / Wall Street Journal:
The EU opens an antitrust investigation into whether Microsoft abuses its dominant position by bundling Teams with Office, the first investigation in 10+ years  —  Probe marks the first time in a decade that Microsoft has come under formal investigation by Brussels
@esthercrawford:
Ex-Twitter Director of Product Management Esther Crawford on the “culture of fear”, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more  —  Like seemingly everyone on this app I have plenty of opinions about Twitter > X and figure now is a good time to open up a bit about my experience at the company. I tweeted for years into the void for the love of it like many of you, but after selling my startup to Twitter in... [video]
Aisyah Llewellyn / Al Jazeera:
Dina Bass / Bloomberg:
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.
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.toTwitter: @lutherloweThreads: @imdavidpierce and @parkerortolani
Forums: r/technology and Beehaw
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.
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 …
Washington Post:
How Russia's invasion led Ukraine to innovate in combat drones, including improving speed, flight range, and payload, and the implications for warfare globally  —  The advent of AI-enabled drones holds huge promise for Ukraine's military but may also be exploited by nefarious non-state actors

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Bloomberg:
Tom Warren / The Verge:
George Hammond / Financial Times: