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July 29, 2021, 9:00 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.
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Reuters, Protocol, MacRumors, Axios, CNBC, CNET, CNN, 9to5Mac, Bloomberg, WRAL TechWire, phonearena.com, Ubergizmo, The Economic Times, PYMNTS.com, MacDailyNews, AppleInsider, Investor's Business Daily, MarketWatch, Pixel Envy, The Guardian, Barron's Online, SiliconANGLE, and TechCrunch
Tweets: @shiringhaffary, @ryanfduffy, @swiftstories, @jason_kint, @jamesliamcook, @jason_kint, @caro_milanesi, @parismarx, @silvermanjacob, @jason_kint, @lizthegrey, @thekenyeung, @jason_kint, @karissabe, @jack, @william_partin, @cnbcnow, @rezendi, @chrisinsilico, @caro_milanesi, @cnbc, @caro_milanesi, @jordannovet, and @micsolana
| 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.”
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The Verge, The Economic Times, BBC, New York Times, Silicon Valley Business …, AdExchanger, Hollywood Reporter, Reuters, iMore, Deadline, Forbes, Axios, Financial Times, and Deadline
| Karissa Bell / Engadget: |
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Engadget, The Verge, Business Insider, Trusted Reviews, and Mashable
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
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The Keyword, Silicon Republic, CNBC, Computerworld, TechSpot, Insider, NBC News, CNN, NPR, The Irish Times, MacRumors, The Verge, Axios, PYMNTS.com, Washington Post, Mashable, GeekWire, Ad Age, and WRAL TechWire
| 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 …
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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
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WRAL TechWire, New York Times, iDownloadBlog.com, The Verge, Barron's Online, Input, phonearena.com, FrontPageTech.com, and CNBC
Tweets: @zoeschiffer, @nsags, @michaelsteeber, and @michaelsteeber
| Lauren Feiner / CNBC: |
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PCMag, Mashable, TechCrunch, The Register, Vox, 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
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Kotaku, Axios, PCMag, GamesIndustry.biz, Kotaku, The Guardian, Game Rant, Blizzard Watch, Gamasutra, BBC, Activision Blizzard, PC Games Insider, MCV/DEVELOP, Pocket Gamer.biz, SiliconANGLE, VentureBeat, Wired, dexerto.com, The Verge, and Washington Post
Tweets: @warcraft, @stephentotilo, @megan_nicolett, @stephentotilo, @bmkibler, @jonnypeltz, @leslee_annsh, @laurenkgurley, @jasonschreier, @megan_nicolett, @atvi_ab, @karinewindy, @lizshuler, @crashwong, @msminotaur, @automaticzen, @braydonbeaulieu, @alexandraerin, @luceobrien, @toadsanime, @kossuel, @madqueenshow, @heyitsmickey__, @cydereal, @davidgaider, @stevesaylor, @teamcoworker, @megan_nicolett, @zoeschiffer, and @chrissyxchi
| 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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Barron's Online, Bloomberg, The Economic Times, CNBC, and Financial Times
Tweets: @jingyanghk, @jingyanghk, @jingyanghk, @kushkatakia, and @joshchin
| 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 … | 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: |
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The White House, NBC News, The Hill, Ars Technica, and FierceTelecom
Tweets: @markwarner, @yfreemark, @govpritzker, and @quinnypig
| 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 … | 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.
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The Record, The Register, Beyond Search, calcalist, iTnews, AppleInsider, The Economic Times, and VICE
| 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.| 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.
Tweets: @techreview, @fboversight, @szhang_ds, @szhang_ds, @szhang_ds, @niallfirth, @nmatini, @szhang_ds, @dellcam, and @dellcam
| 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, Reuters, Gizchina, Android Headlines, Trusted Reviews, Wall Street Journal, SiliconANGLE, ZDNet, and Bloomberg
| 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, Blockonomi, The Block, Cointelegraph, and CoinDesk
| 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.
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Qualcomm, Light Reading, Thurrott, SiliconANGLE, Barron's Online, and Android Central
Tweets: @samifathi_, @stephennellis, @stephennellis, and @samifathi_
| 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
| 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.
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Disrupt Africa, PR Newswire, Tech in Asia, Reuters, and CNBC
| 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 roadmap to add 5G and at least 150 satellites — Joins wave of investment in 5G and low-earth orbit spacecraft
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Bloomberg, TNW, ShipInsight, and Business Wire
| 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:
The Korea Herald and PC Games Insider
| 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 firmsSponsor Posts
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