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July 31, 2024, 10:20 PM
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Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: SiliconANGLE, UploadVR, Yahoo Finance, Quartz, The Wrap, The Hollywood Reporter, Constellation Research, The Information, Wall Street Journal, CNBC, and Shacknews
Threads: @karissabe, @supremebagholder, and @kurtwag8
X: @supbagholder, @stockmktnewz, @firstadopter, @tidefallcapital, @ldignan, @munster_gene, @munster_gene, @firstadopter, @munster_gene, @edludlow, @munster_gene, @munster_gene, @joecarlsonshow, @mikeisaac, @rihardjarc, @altcap, @munster_gene, and @munster_gene. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Jonathan Vanian / CNBC: |
More: Yahoo Finance, New York Times, Variety, and Shacknews
Threads: @daveleebbg. X: @rebrand_as_y, @yasminkhorram, @rjcaster, @ballmatthew, @levynews, @munster_gene, and @benz145
LinkedIn: Matt Mickelson and Rafael Brown
Forums: r/technology and r/technews
| Alex Heath / The Verge: |
More: CNBC, Android Central, and Associated Press
Threads: @mostly.borrowed.ideas, @karissabe, and @alexheath
X: @jimcramer, @alexeheath, @the_ai_investor, @bluechipdaily, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg
| Wesley Yin-Poole / IGN: |
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
More: Bungie.net, The Verge, Kotaku, Windows Central, Game World Observer, Dexerto, Press Start, Android Headlines, MobileSyrup, Metro.co.uk, GamingBolt, Stevivor, Game Developer, Los Angeles Times, GeekWire, Digital Trends, Wccftech, XboxEra, PC Gamer, Kotaku, Aftermath, Game Informer, Push Square, VG Charts, PlayStation LifeStyle, GamesRadar, VG247, Kotaku, Pocket-lint, TechRaptor, Variety, Hardcore Gamer, Destructoid, VentureBeat, The Hollywood Reporter, Eurogamer.net, Polygon, GameSpot, Neowin, Dot Esports, GamesIndustry.biz, Engadget, KitGuru, Rock, Paper, Shotgun, TechCrunch, The Wrap, Video Games Chronicle, Game Rant, GamesRadar, and Gameranx
X: @jasonschreier, @d2cbro, @a_dmg04, @transientgamers, @the_ragespy, @bungie, @griffinwb, @nadiaudio, @fishprison, @mynameisbyf, @dirtyeffinhippy, @hazelmonforton, @amberillig, @niftybiiscuit, @dirtyeffinhippy, @mangalawyer, @vahn16, @alex_frostwolf, @genepark, @ne0mega, @kperng, and @thereallexuzi. Forums: r/pcgaming
| CNBC: |
Delta Air Lines CEO Ed Bastian says the CrowdStrike-caused outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages — WATCH NOW — Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.
More: CNBC, Bloomberg, CRN, Associated Press, CIO Dive, The Hill, The Information, PYMNTS.com, New York Post, San Francisco Business Times, CRN, NBC News, NPR, Windows Central, Quartz, MSPoweruser, and Financial Times
X: @carnage4life, @david_slotnick, @morningbrew, @kpottermn, @malwarejake, @0xtib3rius, @kpottermn, @carnage4life, and @kpottermn. LinkedIn: Jacob Williams. Forums: r/wallstreetbets
| New York Times: |
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign — The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
More: VCs for Kamala, Forbes, Silicon Valley Business …, Politico, The Hill, AfroTech, CNBC, TechCrunch, Axios, GeekWire, Quartz, The Guardian, The Information, and The Verge
Threads: @moskov, @amclaughlin, @moskov, @moskov, @anildash, @timisenman, @motorcityadam, @hunterwalk, and @theromit
X: @lesliefeinzaig, @lesliefeinzaig, @vcsforkamala, @reidhoffman, @levie, @almostmedia, @robertwolf32, @ronconway, @joshconstine, @lesliefeinzaig, @nihalmehta, @dfirgs, @brianbrackeen, @lesliefeinzaig, @suzmargo, @jeremysliew, @rednieves, @teddyschleifer, and @candicecincy. LinkedIn: Mariano Amartino. Forums: r/politics
| Sergiu Gatlan / BleepingComputer: |
Microsoft says that a nine-hour outage on July 30, which disrupted multiple Microsoft 365 and Azure services worldwide, was triggered by a DDoS attack — Microsoft confirmed today that a nine-hour outage on Tuesday that took down and disrupted multiple Microsoft 365 and Azure services worldwide …
More: azure.status.microsoft, ZDNET, The Record, Forbes, Windows Central, The Stack, GovTech, The Sun, Tech Xplore, Cybersecurity Dive, The Information, Security Boulevard, SC Media, Daily Mail, Dark Reading, The Independent, PCMag, CRN, PCWorld, Petri IT Knowledgebase, The Register, Silicon Republic, TechRadar, and SecurityWeek. LinkedIn: Peter Girnus
| Ian King / Bloomberg: |
Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates — - Company says phone units will be ‘flattish’ this year — Upbeat revenue forecast had buoyed stock after earnings report
More: Nikkei Asia, Investor's Business Daily, Constellation Research, and CNBC
| Alex Heath / The Verge: |
Reddit CEO says Microsoft, Anthropic, and Perplexity need to pay to scrape the site's data, and it has been “a real pain in the ass to block these companies” — After striking deals with Google and OpenAI, Reddit CEO Steve Huffman is calling on Microsoft and others to pay if they want to continue scraping the site's data.
More: Ars Technica, Bloomberg, Windows Central, Engadget, and Neowin
| Jonathan Kemper / The Decoder: |
Google unveils updates to its Gemma family of open models, including Gemma 2 2B, which it claims surpasses GPT-3.5 and Mixtral 8x7B on the LMSYS Chatbot Arena — Google has unveiled updates to its Gemma 2 family of open-source language models, focusing on improved performance, safety, and transparency.
More: Google Developers Blog, TechCrunch, Google DeepMind, VentureBeat, Hugging Face, Maginative, TNW, and AIM
LinkedIn: Wenjun Zeng and Ludovic Peran
| Sean Lyngaas / CNN: |
A ransomware attack hits blood donation nonprofit OneBlood, which has asked over 250 hospitals in the US to activate their critical blood shortage protocols — A cyberattack has hit a blood-donation nonprofit that serves hundreds of hospitals in the southeastern US.| Ian King / Bloomberg: |
Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72%, and maintains its outlook for FY 2025; ARM drops 10%+ after hours — - Company doesn't boost outlook despite topping earnings views — CEO says weakness in certain markets is offsetting sales gains| Jess Weatherbed / The Verge: |
Google rolls out online safety features to make removing explicit deepfakes from Search at scale easier and to prevent them from appearing high up in results — Google is rolling out new online safety features that make it easier to remove explicit deepfakes from Search at scale and prevent …
More: The Keyword, The Keyword, Google Help Center, PCMag, Wired, How-To Geek, Engadget, Ars Technica, Bloomberg, Fast Company, TechRadar, Search Engine Journal, Financial Express, Android Headlines, NewsBytes, Fortune, Android Central, ZDNET, Neowin, Android Faithful, Mashable, 9to5Google, and Search Engine Land
| Aaron Holmes / The Information: |
Source: TikTok was paying Microsoft ~$20M/mo. to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue that service was generating — Microsoft has had success reselling OpenAI's artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine.
More: Sherwood News, Quartz, The Verge, and DatacenterDynamics
| Krisztian Sandor / CoinDesk: |
Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany — The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.| Bill Toulas / BleepingComputer: |
Zimperium: a massive SMS-stealing malware campaign targeted Android devices worldwide using Telegram bots to infect devices in 113 countries since February 2022 — A malicious campaign targeting Android devices worldwide utilizes thousands of Telegram bots to infect devices with SMS-stealing malware …
More: Zimperium, Dark Reading, Hackread, SecurityWeek, Mashable, and Infosecurity
| Anna Washenko / Engadget: |
US senators unveil the bipartisan NO FAKES Act, which would make individuals and companies liable for producing, hosting, or sharing unauthorized AI deepfakes — OpenAI joined several entertainment industry groups in backing the NO FAKES Act. — Today, a group of senators introduced the NO FAKES Act … | Akash Sriram / Reuters: |
eBay reports Q2 revenue up 1% YoY to $2.57B, vs. $2.53B est., GMV up 1% to $18.4B, net income up 31% to $226M, and forecasts Q3 revenue below estimates — EBay (EBAY.O) forecast third-quarter revenue below Wall Street estimates on Wednesday, a sign that demand is slowing down for collectible items, luxury handbags and watches.| CNBC: |
Nvidia shares closed up 12.81% after Microsoft and AMD signaled no slowdown in the buildout of AI servers built around GPUs; Microsoft spent $19B on capex in Q4 — Nvidia shares popped 13% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown … | Karen Freifeld / Reuters: |
Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands — The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor …
More: Bloomberg, CCN.com, Tom's Hardware, The Daily Upside, Quartz, The Register, Benzinga, Business Insider, and CNBC
| Jason Del Rey / Fortune: |
Interviews with 24 current and former Amazon staff say Jeff Bezos' Amazon Way principles remain core under Andy Jassy but are now less universally agreed upon — When Amazon ordered most workers back to the office three days a week in February 2023, Pamela Hayter was not happy about the end of a popular pandemic-era arrangement.| Shubham Sharma / VentureBeat: |
Ema, which helps companies set up and deploy no-code AI agents it calls “universal AI employees”, raised $36M as part of a Series A led by Accel and Section 32 — San Francisco-based Ema, the AI agent startup founded by former Google and Okta employees, today announced it is raising … | Mackenzie Hawkins / Bloomberg: |
Sources: Commerce Department officials inform Applied Materials that the company's planned $4B Silicon Valley R&D facility doesn't qualify for CHIPS Act grants — - Company had hoped to use the money for research center — US officials have disagreed over how to approach chip R&DSponsor Posts
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