| Issie Lapowsky / Protocol: |
Facebook, for the first time, shares a report on the most widely viewed domains, links, posts, and Pages on Facebook in the US during Q2 — A video of two cats walking, tails intertwined, looking like the best of friends. A resource site for Green Bay Packers alumni.| Ethan Zuckerman: |
Facebook's new report reinforces its narrative that most content on the News Feed is not news, but doesn't provide enough data to make meaningful conclusions — What content is popular on Facebook? — This is a surprisingly difficult - and very important - question to answer.| Joseph Cox / VICE: |
Apple says NeuralHash flaw found by researchers in CSAM detection system was in a generic version of the software and not in the final version it plans to use — Apple said the version of NeuralHash analyzed by researchers is not the final version that will be used for iCloud Photos CSAM detection.| Maggie Fitzgerald / CNBC: |
Robinhood reports Q2 revenue of $565M, up 131% YoY, net loss of $502M, down from $58M net income in Q2 2020, and crypto revenue of $233M; stock down 10%+ — Robinhood's revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading … | CNBC: |
Robinhood says crypto accounted for ~52% of all transaction-based revenue in Q2, and 62% of crypto revenue came from dogecoin — - Robinhood reported quarterly results on Wednesday for the first time as a public company. — Crypto made up over 50% of transaction-based revenue in the second quarter … | Kif Leswing / CNBC: |
Nvidia beats with record Q2 revenue of $6.51B, up 68% YoY, Gaming revenue of $3.06B, up 85% YoY, and Data Center revenue of $2.37B, up 35% YoY — - Nvidia reported earnings on Wednesday for its second fiscal quarter that ended on August 1, beating Wall Street estimates on the back of strong graphics cards sales.| Matt Robinson / Bloomberg: |
SEC sues three ex-Netflix software engineers and two others for allegedly using confidential subscriber growth numbers to trade ahead of earnings announcements — - Group allegedly made $3 million in profits from illicit tips — Scheme involved illegal trades on subscriber data, SEC says| Wolfie Zhao / The Block: |
Coinbase launches Coinbase Japan in partnership with Mitsubishi UFJ Financial Group, initially supporting the five highest-trading cryptocurrencies — Crypto exchange Coinbase is entering the Japanese market through its partnership with Japanese financial giant Mitsubishi UFJ Financial Group (MUFG).| Lorenzo Franceschi-Bicchierai / VICE: |
Profile of Andrey Shumeyko, who advertised internal Apple docs and devices on forums while being an Apple informant and who says Apple took advantage of him — He spent years inside the iPhone leaks and jailbreak community. He was also spying for Apple. — Lorenzo Franceschi-Bicchierai| Karissa Bell / Engadget: |
Facebook says it took action against 12 COVID vaccine misinfo “superspreaders” but disputes claims that those 12 were responsible for 73% of misinfo on Facebook — Back in March, the Center for Countering Digital Hate (CCDH) published — a report linking more than two-thirds … | Tom Warren / The Verge: |
Microsoft has made changing default browsers in Windows 11 unnecessarily complex compared to Windows 10, drawing criticism from Firefox and Opera — Competitors aren't happy — Microsoft's upcoming release of Windows 11 will make it even harder to switch default browsers and ignores browser defaults … | Sean O'Kane / The Verge: |
Sens. Markey and Blumenthal ask the FTC to investigate Tesla's marketing of Autopilot, saying Tesla has “repeatedly overstated the capabilities of its vehicles” — As the agency turns up the heat on tech companies — Senators Ed Markey (D-MA) and Richard Blumenthal (D-CT) … | Kristin Broughton / Wall Street Journal: |
Coinbase CFO says it has $4.36B in cash reserves as of June 30, about four times higher than at the end of 2020, as it prepares for possible tighter regulation — The cryptocurrency exchange plans to use its cash to expand and prepare for higher compliance costs, CFO says| Zheping Huang / Bloomberg: |
Tencent says it will give an additional $7B to aid the Chinese government's wealth redistribution plans and warns investors of more government regulations — - Tech giant pledges $7.7 billion to help wealth redistribution — Company had flagged further regulations for the tech industry| Jordan Novet / CNBC: |
Cisco beats in Q4 with revenue of $13.1B vs. $13.0B est., up 8% YoY, Infrastructure Platforms sales of $7.55B, up 13% YoY, and WebEx sales of $1.34B, down 1% — - Cisco exceeded quarterly estimates, but earnings guidance was just slightly off. — The networking hardware maker called … | Richard Waters / Financial Times: |
Google outlines MUM, an AI model it plans to use to improve Search by answering users' “fuzzy information needs” that aren't formulated into specific questions — New language model called MUM may eventually behave as a virtual research assistant| Sarah Perez / TechCrunch: |
Twitter adds support for Twitter Spaces in its new API and says it hopes developers will build new products that let users find Spaces more easily — Twitter is rolling out changes its newly rebuilt API that will allow third-party developers to build tools and other solutions specifically … | Dan Taylor / Tech.eu: |
Hamburg-based Sport Alliance, which offers tools for the fitness industry, including for payments and bookings, raises €60M from PSG — Hamburg-based Sport Alliance has secured a €60 million investment from growth equity firm PSG. The company is comprised of a number of sub-brands … | Dan Taylor / Tech.eu: |
Berlin-based Moss, which offers virtual credit cards and other services, raises $29M Series A extension led by Valar Ventures, bringing total funding to $64M — Berlin-based Moss (formerly known as Vanta) has raised $29 million in a Series A extension funding round.| Russell Brandom / The Verge: |
As Facebook bans the Taliban, Twitter says it only takes action against accounts breaking its rules, and YouTube says it will terminate Taliban-linked accounts — Who will control Afghanistan's official Facebook page? — Social platforms including Facebook, Twitter … | Madhumita Murgia / Financial Times: |
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| Annie Palmer / CNBC: |
| Salvador Rodriguez / CNBC: |
| Ashley Carman / The Verge: |
| Jacob Silverman / New Republic: |
| Jon Porter / The Verge: |
| Amy Thomson / Bloomberg: |