Techmeme
February 1, 2023, 5:45 PM

Top News

Meta:
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 15%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
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.
Mike Isaac / New York Times:
Jordan Novet / CNBC:
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.
Chris Velazco / Washington Post:
Samsung is working with Google and Qualcomm to produce XR products and experiences running an unannounced Android version for devices such as wearable displays  —  The company is working with Google and Qualcomm on new products and the ecosystem to nurture them
Allison Johnson / The Verge:
Samsung unveils the 6.1" Galaxy S23 for $800+ and the 6.6" Galaxy S23+ for $1,000+, with a better selfie camera and Snapdragon 8 Gen 2, shipping on February 17  —  Samsung's S-series phones actually look like they belong together this year.  The S23 and S23 Plus have adopted the floating camera design …
Cherlynn Low / Engadget:
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 …
Reed Albergotti / Semafor:
Sources: Microsoft plans to update Bing with OpenAI's GPT-4, a faster and richer version of ChatGPT, in the coming weeks; OpenAI plans to launch a ChatGPT app  —  Microsoft's second-place search engine Bing is poised to incorporate a faster and richer version of ChatGPT, known as GPT-4 …
David Satin / The Streamable:
Netflix details its password sharing rules; the company won't block “trusted devices” that connect to the “primary location” Wi-Fi at least once every 31 days  —  After months of warning subscribers that anti-password sharing measures were coming to Netflix, the company appears to be finally set to unleash them.
Leah Nylen / Bloomberg:
Sources: a US judge denies the FTC's bid for a preliminary injunction to block Meta's Within acquisition and gives the agency a week to decide whether to appeal  —  Meta Platforms Inc. won court approval to buy virtual reality startup Within Unlimited, defeating an effort to block the deal …
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.
Ian King / Bloomberg:
Intel cuts employee compensation to preserve cash for a turnaround plan, including 25% for CEO Pat Gelsinger, 15% for leadership, and 5% for mid-level managers  —  Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope …
Tom Warren / The Verge:
Nvidia is working on an OTA update to fix a Discord bug that slows the memory clocks by up to 200MHz on some of its GPUs, including the RTX 3080 and RTX 3060 Ti  —  Discord is slowing down graphics card memory clocks on some Nvidia GPUs.  A recent Discord update has introduced a bug that slows …
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.
Ryan Browne / CNBC:
The UK government shares its plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians  —  - The U.K. laid out plan to regulate the cryptocurrency industry.  — The proposals include strengthening rules on crypto lending …
Ashley Gold / Axios:
The Biden administration's NTIA report describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation to spur competition and choice  —  A new Biden administration report describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation …
Lauren Forristal / TechCrunch:
Apple launches MLS Season Pass in 100+ territories, giving soccer fans access to all MLS matches, playoffs, Leagues Cup, and more for $14.99/month or $99/year  —  Today, Apple launched MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, Audi 2023 MLS Cup Playoffs …
Sastrify:
SaaS Prices Are Going Up.  Here's Why (And What You Can Do about It)  —  From inflation issues to rock-bottom retention rates: get the latest industry updates and see how high-growth teams are preparing for 2023.
Sponsor Post
Manish Singh / TechCrunch:
Pakistan “degrades” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” and warns of a full block if the nonprofit fails to comply  —  Pakistan has “degraded” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” …

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Sastrify:
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