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July 29, 2021, 7:25 AM
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| Facebook: |
Facebook reports Q2 revenue of $29.08B, up 56% YoY, MAUs of 2.9B, up 7% YoY, headcount of 63,404, up 21% YoY; stock down ~3% on warning of revenue slowdown — “We had a strong quarter as we continue to help businesses grow and people stay connected,” said Mark Zuckerberg, Facebook founder and CEO.
| Stephanie Condon / ZDNet: |
Facebook says Q2 ad revenue was $28.58B, up 56% YoY, with average price per ad up 47% YoY and a 6% YoY increase in ads delivered — The rising price for ads delivered strong top and bottom-line results for Facebook, even as the social media giant continued to warn of “increased ad targeting headwinds.”
More:
The Verge, The Economic Times, BBC, New York Times, Silicon Valley Business …, Hollywood Reporter, AdExchanger, Reuters, iMore, Deadline, Forbes, Axios, Financial Times, and Deadline
| Karissa Bell / Engadget: |
More:
Engadget. Tweets: @anthonyquintano, @turnernovak, @jason_kint, @joshgnosis, @pt, @niinegames, @finchstrife, @codepo8, @seldo, @amcmanus, and @tprstly
| Wall Street Journal: |
Google says anyone coming to work at its campuses must be vaccinated, starting in the US, and will delay the return to offices from September until mid-October — Google delays planned return to offices until mid-October as U.S. companies take new precautions against Delta variant's spread
More:
The Keyword, New York Times, Silicon Republic, Computerworld, CNBC, Engadget, Insider, NBC News, NPR, MacRumors, CNN, Axios, The Verge, Washington Post, PYMNTS.com, Mashable, GeekWire, Ad Age, WRAL TechWire, ZDNet, New York Business Journal, Fast Company, Forbes, Neowin, and Newser
| Mary Ann Azevedo / TechCrunch: |
Twitter closes its NY and SF offices, two weeks after reopening, and pauses further office reopenings, after “consideration of the CDC's updated guidelines” — Just two weeks after reopening its New York and San Francisco offices, social media giant Twitter said Wednesday …
More:
Bloomberg and The Economic Times
Tweets: @carnage4life, @sarthakgh, @migueldeicaza, @kateclarktweets, @seldo, and @carnage4life
| Mark Gurman / Bloomberg: |
In a memo, Apple says it plans to restore a mask requirement for staff and customers at most of its US retail stores on Thursday, due to rising COVID cases — - Company to make change Thursday in areas with rising cases — Company asks, but doesn't require, retail staff to get vaccine
More:
New York Times, iDownloadBlog.com, Input, phonearena.com, Barron's Online, FrontPageTech.com, CNBC, The Hill, iMore, MacDailyNews, AppleInsider, 9to5Mac, and MacRumors
Tweets: @zoeschiffer, @nsags, @michaelsteeber, and @michaelsteeber
| Lauren Feiner / CNBC: |
More:
TechCrunch, Insider, Mashable, Vox, The Register, Gizmodo, Protocol, and San Francisco Chronicle
| Patrick Klepek / VICE: |
Activision Blizzard staffers stage a walkout, demanding fairer treatment for underrepresented staff and an end to arbitration clauses in staff contracts — “This is the beginning of an enduring movement in favor of better labor conditions for all employees.” — Patrick Klepek
More:
Kotaku, Axios, PCMag, Kotaku, The Guardian, NPR, Game Rant, Blizzard Watch, BBC, Axios, Activision Blizzard, MCV/DEVELOP, Pocket Gamer.biz, VentureBeat, dexerto.com, The Verge, SiliconANGLE, Wired, Washington Post, Gamasutra, and Video Games Chronicle
Tweets: @warcraft, @stephentotilo, @megan_nicolett, @stephentotilo, @bmkibler, @leslee_annsh, @jonnypeltz, @heyitsmickey__, @laurenkgurley, @jasonschreier, @megan_nicolett, @atvi_ab, @karinewindy, @cydereal, @teamcoworker, @lizshuler, @stevesaylor, @crashwong, @msminotaur, @automaticzen, @braydonbeaulieu, @alexandraerin, @luceobrien, @toadsanime, @davidgaider, @kossuel, @madqueenshow, @megan_nicolett, @zoeschiffer, @chrissyxchi, @megan_nicolett, @megan_nicolett, @genepark, @notdollie, @shannon_liao, @shannon_liao, @normality, and @starfire2258
| Reuters: |
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B — Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy … | Tiernan Ray / ZDNet: |
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA — SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable … | Nikhilesh De / CoinDesk: |
New bipartisan infrastructure bill in Congress aims to raise ~$30B by imposing new taxes on exchanges trading digital assets including crypto — The draft language could mean a number of individuals interacting with crypto may have to start reporting their transactions.
More:
Bloomberg Law and The Block
Tweets: @basedkarbon, @rleshner, @smtrades_, @ledgerstatus, and @rulexrp
| Makena Kelly / The Verge: |
More:
The White House, NBC News, The Hill, Ars Technica, and FierceTelecom
Tweets: @markwarner, @yfreemark, @govpritzker, and @quinnypig
| Patrick Howell O'Neill / MIT Technology Review: |
NSO Group confirms that Israeli government officials opened an investigation and visited NSO's Tel Aviv office on Wednesday to assess Pegasus abuse allegations — ‘We want them to check everything,’ says CEO of cybersecurity company implicated in campaigns against politicians, activists and other notable figures.
More:
The Record, The Register, Beyond Search, calcalist, iTnews, AppleInsider, The Economic Times, and VICE
| Jing Yang / Wall Street Journal: |
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO — Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog| Sergiu Gatlan / BleepingComputer: |
Researchers: Google Play Protect, Android's built-in malware detection tool, identified only 68.8% of 20K+ malicious apps, ranking last out of 15 security apps — Google Play Protect, the Android built-in malware defense system, has failed the real-world tests of antivirus testing lab AV-TEST …
More:
ThreatFabric, XDA Developers, The Record, AV-TEST, Android Developers, iTnews, and Android Police
| Kif Leswing / CNBC: |
Qualcomm Q3: revenue of $8B, up 63% YoY, net income of $2.2B, up 124% YoY, chip segment revenue of $6.47B, up 70% YoY, and a strong Q4 revenue forecast — - Qualcomm revenue was up 63% from the same period last year, and earnings per share more than doubled annually in the quarter that ended on June 27.
More:
Qualcomm, Light Reading, SiliconANGLE, Thurrott, Barron's Online, and Android Central
Tweets: @samifathi_, @stephennellis, @stephennellis, and @samifathi_
| Steven Musil / CNET: |
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ — Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand …
Source:
Samsung Global Newsroom. More:
Nikkei Asia, Wall Street Journal, Trusted Reviews, Engadget, Reuters, SamMobile, Bloomberg, SiliconANGLE, and ZDNet
| Jon Porter / The Verge: |
Twitter says it is testing Shop Module, a new shopping section that brands can add to the top of their profiles, launching in the US on iOS — Starting with a pilot of around a dozen brands — Twitter is piloting a new feature that allows businesses to add a shopping section to the top of their profiles, the company has announced.
More:
Twitter, Mashable, Fortune, NBC News, Social Media Today, and PYMNTS.com
Tweets: @twittersupport, @44, @kiruti, @hamburger, @wongmjane, @richlightshed, @dangrover, @sep, @modestproposal1, @kayvz, @carnage4life, and @martinsfp
| Jeff Benson / Decrypt: |
US Marshals Service has given a $6.6M+ contract to crypto startup Anchorage to manage seized crypto assets; BitGo had won a similar $4.5M contract in April — The U.S. Marshals Service, a branch of the Department of Justice charged with tracking down fugitives, has given a contract worth …
More:
Anchorage Digital, The Block, Cointelegraph, and CoinDesk
| Tage Kene-Okafor / TechCrunch: |
Cairo and Dubai-based Swvl, a bus-hailing and ridesharing provider in emerging markets, plans to go public in the US in a SPAC merger at a valuation of ~$1.5B — Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen's Gambit Growth Capital, Swvl said Tuesday.
More:
PR Newswire, Tech in Asia, Reuters, and CNBC
| Taylor Soper / GeekWire: |
Microsoft says it has acquired Seattle-based Suplari, which uses AI to identify cost savings in the software procurement process; Suplari has raised $18M — Microsoft has acquired Suplari, a Seattle startup that uses artificial intelligence to help companies understand and get a handle on their spending.
More:
cloudblogs.microsoft.com, Silicon Republic, TechRadar, Neowin, and Windows Central
| Riley de León / CNBC: |
Duolingo closes up 36% in its Nasdaq trading debut, giving it a market valuation of nearly $5B, after raising $521M in its IPO — - Language-learning company Duolingo made its market debut Wednesday on the Nasdaq and is now trading under the ticker symbol “DUOL.”
More:
Reuters, PR Newswire, Pittsburgh Business Journal, and MarketWatch
| Cody Toombs / Android Police: |
Google releases the first stable build of Jetpack Compose, a UI framework for Android, after two years in public development — Since its introduction during I/O 2019, Jetpack Compose was obviously destined to become the prescribed method of Android UI development.
More:
Android Developers Blog, Android Developers, and Android Central
Tweets: @androiddev and @davey_burke
| Bloomberg: |
As China expands oversight, Tencent's value dropped 23% in July, erasing ~$170B; nine of the top 10 losers in shareholder value in July were Chinese companies — - Tech giant is set to see its worst month ever after selloff — Nine of top 10 market value losers in July are Chinese firms| Omkar Godbole / CoinDesk: |
Coinbase report: in H1 2021, the market for ether was 3x busier than bitcoin, as ETH trading grew 1,461% to $1.4T, compared to BTC's 489% rise to $2.1T — Ether outperformed bitcoin in terms of volume growth and price performance. — The ether market was almost three times busier … Sponsor Posts
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