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July 29, 2021, 12:15 PM
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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.
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Reuters, Protocol, Stratechery, CNBC, 9to5Mac, CNN, CNBC, New York Post, MacRumors, WRAL TechWire, Axios, phonearena.com, PYMNTS.com, The Economic Times, Pixel Envy, and Ubergizmo
Tweets: @ryanfduffy, @shiringhaffary, @swiftstories, @mylesudland, @smdiehl, @jason_kint, @caro_milanesi, @parismarx, @silvermanjacob, @jack, @jamesliamcook, @william_partin, @rezendi, @chrisinsilico, @caro_milanesi, @caro_milanesi, @jordannovet, @micsolana, @karissabe, @lizthegrey, @jason_kint, @jason_kint, @jason_kint, @thekenyeung, @cnbcnow, and @cnbc
| Karissa Bell / Engadget: |
Mark Zuckerberg says video now accounts for almost half the time spent on Facebook, and that Reels is the “largest contributor to engagement growth” — He wants Facebook to become a ‘metaverse company.’ — Facebook users are spending a lot more time watching video …
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The Verge, TechCrunch, Trusted Reviews, Business Insider, and Mashable
Tweets: @anthonyquintano, @turnernovak, @joshgnosis, @pt, @niinegames, @finchstrife, @codepo8, @seldo, @amcmanus, @tprstly, and @jason_kint
| Stephanie Condon / ZDNet: |
| 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 …
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GlobeNewswire News Room, CNN, CNBC, New York Times, Finextra, New York Times, MarketWatch, Crunchbase News, CNBC, PitchBook, Associated Press, Bloomberg, PYMNTS.com, Wall Street Journal, The Irish Times, Silicon Republic, Wall Street Journal, Forbes, Reuters, Axios, Crypto Briefing, Bloomberg, CoinJournal, blockchain.news, Coinspeaker, CoinDesk, Silicon Valley Business …, The Information, Insider, Bloomberg, and Axios
| Ryne Hager / Android Police: |
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1 — Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements … | 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
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PingWest, South China Morning Post, Reuters, PYMNTS.com, MarketWatch, Barron's Online, The Economic Times, Business Wire, CNBC, Financial Times, Tech in Asia, and Bloomberg
Tweets: @jchengwsj, @jingyanghk, @jingyanghk, @jingyanghk, @kushkatakia, and @joshchin
| Karen Hao / MIT Technology Review: |
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation — Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
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Insider. Tweets: @timnitgebru, @techreview, @_karenhao, @joshuahol, @justinhendrix, @mathewi, @jason_kint, @dellcam, @nmatini, @szhang_ds, @szhang_ds, @niallfirth, @szhang_ds, @szhang_ds, @dellcam, and @fboversight
| Danielle Kaye / Reuters: |
LinkedIn will let most staff opt for full-time remote work, reversing a policy from last October that would have required in-office work half of the time — LinkedIn will allow most employees to opt for full-time remote work as offices gradually reopen, Chief People Officer Teuila Hanson told Reuters.| Mary Ann Azevedo / TechCrunch: |
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Forbes, CNET, Bloomberg, NBC Bay Area, MarketWatch, The Economic Times, and BGR India
Tweets: @carnage4life, @sarthakgh, @migueldeicaza, @kateclarktweets, @seldo, and @carnage4life
| Wall Street Journal: |
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The Keyword, Fortune, CNBC, Silicon Valley Business …, iThinkDifferent, PCMag, Android Headlines, CNN, Insider, NPR, CNBC, Silicon Republic, Mashable, Computerworld, TechSpot, CNET, TechCrunch, NBC News, and MacRumors
Tweets: @cnbcjosh, @dani_lever, @andymstone, @markpinc, @louisgray, @pt, @deenashakir, @lanceulanoff, @buffywicks, @amy_siskind, @nychealthcommr, @levie, @cra, @carnage4life, @emmmacfarlane, @zd_bernstein, @scottdimmich, @keegsieb, @mollyjongfast, @jhweissmann, @jandrade, @reneritchie, @carnage4life, @danielhowley, @dealbook, @joshsternberg, @mauramaura, and @kellen_browning
| Mark Gurman / Bloomberg: |
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International Business Times, Appleosophy, CNBC, WRAL TechWire, New York Times, iDownloadBlog.com, and The Verge
Tweets: @zoeschiffer, @michaelsteeber, @michaelsteeber, and @nsags
| 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 … | Makena Kelly / The Verge: |
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen — That's less than the original $100 billion plan — On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.
More:
The White House, NBC News, and New York Times
Tweets: @markwarner, @yfreemark, @govpritzker, and @quinnypig
| 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
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Kotaku, Axios, IGN, Ars Technica, The Guardian, GamesIndustry.biz, Game Rant, Joshua Mosqueira, PCMag, MSPoweruser, Activision Blizzard, Gamasutra, MCV/DEVELOP, VentureBeat, and Wired
Tweets: @warcraft, @stephentotilo, @megan_nicolett, @stephentotilo, @bmkibler, @jonnypeltz, @leslee_annsh, @oliviasolon, @laurenkgurley, @jasonschreier, @megan_nicolett, @atvi_ab, @msminotaur, @automaticzen, @alexandraerin, @toadsanime, @heyitsmickey__, @lizshuler, @braydonbeaulieu, @luceobrien, @karinewindy, @crashwong, @madqueenshow, @kossuel, @davidgaider, @cydereal, @stevesaylor, @teamcoworker, @megan_nicolett, @zoeschiffer, and @chrissyxchi
| 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:
Thurrott, Nikkei Asia, Android Central, Reuters, Wall Street Journal, Android Headlines, Engadget, SamMobile, Gizchina, SiliconANGLE, ZDNet, and Bloomberg
| Yogita Khatri / The Block: |
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures — Quick Take — Crypto trading and lending platform Vauld has raised $25 million in a Series A funding round led by Peter Thiel's Valar Ventures.| Harmeet Singh Walia / Counterpoint Research: |
Global smartphone market grew 19% YoY in Q2 with 329M units shipped, led by Samsung with 58M units, Xiaomi with 53M, Apple with 49M, and Oppo with 34M — - Global smartphone market grew 19% YoY but declined by 7% QoQ as 329 million units were shipped, led by Samsung.| 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 …
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Anchorage Digital, ZDNet, The Block, and Blockonomi
| Eric Newcomer / Newcomer: |
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up — Bessemer Venture Partners is a thoughtful firm in a world of loose money. — 4 hr ago — In 2009, Ethan Kurzweil …
Tweets: @ericnewcomer, @sarthakgh, @jasonlk, @ericnewcomer, @ericnewcomer, and @sajithpai
| Alexandra Marvar / The Verge: |
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm — Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.| Finextra: |
Prime Trust, which offers financial services APIs to fintech and digital asset companies, raises $64M Series A — Prime Trust, one-stop-shop for API-based financial infrastructure for fintech and digital asset innovators, has raised $64 million in a Series A funding round led by Mercato Partners.
More:
FinLedger, IBS Intelligence Market News, and Daily News
| 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, MediaNama, The Register, Beyond Search, calcalist, and iTnews
| 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:
Disrupt Africa, PR Newswire, Tech in Asia, Reuters, and CNBC
| Jon Porter / The Verge: |
Huawei announces P50 and P50 Pro, its first flagship phones with HarmonyOS, in China; Huawei executive says the phones lack 5G support due to US sanctions — Google's apps and services continue to be absent — Huawei has announced its latest flagship phones for the Chinese market, the P50 and P50 Pro.
More:
Huawei, Engadget, mobilesyrup.com, CNET, XDA Developers, Nikkei Asia, Pandaily, Phandroid, Wccftech, Android Central, Pocket-lint, Android Beat, and phonearena.com
| Jordan Fabian / Bloomberg: |
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program — - More than 90 executives seek legal status for Dreamers — They say allowing citizenship would give U.S. economic boost
More:
AppleInsider, 9to5Mac, Coalition for the American Dream, and Livemint
Tweets: @business, @coalition_dream, and @andymstone
| Youkyung Lee / Bloomberg: |
Filing: Korean game studio Krafton, which develops PlayerUnknown's Battlegrounds, is set to raise $3.8B during a Seoul IPO, valuing the company at ~$21.2B — - Game developer sets share price at top of revised range — IPO values Tencent-backed developer at $21.2 billion
More:
GamesIndustry.biz, The Korea Herald, and PC Games Insider
| Thomas Seal / Bloomberg: |
Inmarsat, the UK's largest satellite company, says it plans to launch low-orbit spacecraft and establish a 5G wireless network, competing with SpaceX and OneWeb — - Operator reveals plan to add 5G and at least 150 satellites — Joins wave of investment in 5G and low-earth orbit spacecraft
More:
Bloomberg, TNW, Business Wire, and ShipInsight
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Big Technology Podcast:
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