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July 30, 2021, 8:55 AM
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| Amazon.com, Inc.: |
Amazon reports Q2 revenue of $113.08B vs. $115.2B est., net sales grew 27% YoY, net income of $7.8B, and AWS net sales of $14.8B, up 37% YoY; stock down 5%+ — SEATTLE—(BUSINESS WIRE) July 29, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2021.
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| Jill Goldsmith / Deadline: |
Amazon reports Q2 “other” category revenue, which mostly covers its ad business, of $7.9B, up 83% YoY, and subscription services revenue of $7.9B, up 28% YoY — Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares in late trading.| Maggie Fitzgerald / CNBC: |
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B — - Stock trading app Robinhood fell more than 8% on its first day of trading on the Nasdaq. — Robinhood's opening price was $38 per share.
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Tweets: @chrisbloomstran, @thestalwart, @bgurley, @schuldensuehner, @robinhoodapp, @vladtenev, @katie_roof, @mikeisaac, @cryptowendyo, @eringriffith, @dangillmor, @andrew__reed, @vojtech, @danprimack, @pkedrosky, @nycsouthpaw, @thestalwart, @tradingview, @benpopper, @eringriffith, @danprimack, @levynews, @felixsalmon, @wsbmod, @mylesudland, @zerohedge, @jordannovet, @chrisbloomstran, @felixsalmon, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @mims, and @cnnbusiness
| Tom Wilson / Reuters: |
Binance says it will wind down futures and derivatives trading in Europe, amid regulatory pressure; users will have 90 days to close from a date specified later — Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe …
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Binance, Decrypt, CoinDesk, The Block, Coinspeaker, cryptodaily.co.uk, Crypto Briefing, and Cointelegraph
| Daniel Estrin / NPR: |
Source: NSO Group has temporarily blocked several government clients globally from using its technology as the company investigates their possible misuse — Israeli spyware company NSO Group has temporarily blocked several government clients around the world from using its technology … | Reuters: |
Sources: SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for investors disclosures over China's crackdown — (Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings … | Jay Peters / The Verge: |
Snap says it resolved an issue that prevented some Snapchat users from logging in and advises users to manually update the app if the issue persists — Snap resolved an issue preventing users from logging in — Snapchat experienced a massive issue Thursday evening, with more than 125,000 users reporting problems on Downdetector.
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inews.co.uk, iPhone in Canada Blog, TechRadar, ABC, Android Authority, 9News, 9to5Mac, and iMore
Tweets: @snapchatsupport and @snapchat
| Stephanie Bodoni / Bloomberg: |
EU fines Amazon a record $888M for violating GDPR data storage rules; Amazon says in a filing that the fine is “without merit” — - Luxembourg watchdog wields new powers with highest data fine — Fine follows probe based on complaint by French privacy group| Nick Statt / Protocol: |
A look at the fallout from the Activision Blizzard suit, as the company confirms it fired WoW lead for misconduct last year and hires “union-busting” law firm — Activision Blizzard is in crisis mode. The World of Warcraft publisher was the subject of a shocking lawsuit filed …
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| Jonathan Greig / ZDNet: |
Researchers detail a never-before-seen attack against Iran's train system and transport ministry from a new threat actor using a reusable wiper called Meteor — SentinelOne analysts were able to recreate the July 9 attack and identify the threat actor behind it.
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SentinelLabs, HackRead, The Record, The Hacker News, BleepingComputer, and SecurityWeek
Tweets: @stick631, @thegrugq, and @campuscodi
| Abner Li / 9to5Google: |
Neuralink, Elon Musk's brain-computer interface company, raises $205M Series C led by Vy Capital, with GV and others participating — In addition to SpaceX and Tesla, Neuralink is another Elon Musk company. Focused on building a brain machine interface, Neuralink today announced … | Kieran Leavitt / Toronto Star: |
Canada proposes the creation of a digital safety commissioner role to oversee violations of new harmful online content rules and issue penalties to platforms — The Liberal government has proposed a vast new system that would be tailored to ensure illegal content, such as child pornography and hate-speech … | Salvador Rodriguez / CNBC: |
Pinterest misses on user growth in Q2, with 454M MAUs vs. 482M est., as revenue beats, with $613M, up 125%+ YoY, vs. $562.1M est.; stock down 20%+ — - The company declined to provide third-quarter guidance on monthly active user due to the unknown impact of Covid-19 variants.
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TechCrunch, TheStreet, Pinterest, Coinspeaker, Barron's Online, Investor's Business Daily, MarketWatch, and Wall Street Journal
Tweets: @chrisbrogan, @alex, @andyswan, @ojrenick, @nrossolillo, @buccocapital, @nrossolillo, @lamonicabuzz, @zguz, @mdtrades12, and @richlightshed. Thanks:@sal19
| Bloomberg: |
China orders 25 tech companies, including Alibaba and Tencent, to do internal inspections to rectify issues from data security to consumer rights protections — - Alibaba, Tencent, Meituan among firms summoned to meetings — MIIT has announced 6-month campaign on the internet sector| Nathaniel Taplin / Wall Street Journal: |
China's crackdown on its tech giants could backfire, leaving Beijing with a seriously damaged consumer sector and slow-growing chip and robotics companies — When a government comes to believe it can snap its fingers and create—or destroy—whole industries at will, things can easily go awry| Edward Ongweso Jr / VICE: |
48 civil rights and advocacy groups ask the FTC to ban corporate facial surveillance technology and continuous corporate surveillance of public space — The open letter uses Amazon as a case study to argue that corporate surveillance technologies cause immense harm and fall under the FTC's authority to ban.| Davey Alba / New York Times: |
A look at the development of an Amazon warehouse in Windsor, CT, where the discovery of multiple nooses on site raises questions about Amazon's responsibilities — The discovery of multiple nooses has set off heated debates about the responsibility of companies and the ability of workers to speak their mind.| Thomas Brewster / Forbes: |
Profile of Israeli surveillance startup Paragon, funded with $5-10M from US-based Battery, which sources say allows police to hack encrypted messaging apps — Paragon Solutions doesn't have a website. There's very little information at all about them online, even if the Tel Aviv-based …
Tweets: @jsrailton, @imdrinknwyn, @matthewmspace, @marwasf, @ncweaver, @imdrinknwyn, @jsrailton, @tenacioustek, @imdrinknwyn, @jsrailton, @nixxin, @chey_cobb, @zackwhittaker, and @iblametom
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