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February 3, 2022, 11:05 AM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Meta opens down 24%+, erasing $200B+ from its market cap, the biggest loss of market value in single day for a US company, after weak Q4 results and Q1 guidance — Facebook parent Meta Platforms Inc. is set to shed about $200 billion in market value, in what would be one of the biggest …
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San Francisco Business Journal, The Economic Times, Wall Street Journal, The Economic Times, Bloomberg, The Guardian, MarketWatch, CNBC, Bloomberg, MarketWatch, Philip Elmer‑DeWitt, Bloomberg, Fortune, Reuters, and Financial Times
Tweets: @r2r, @neilcybart, @jyarow, @carnage4life, @azeem, and @davidzmorris
| Stephanie Condon / ZDNet: |
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and that Google “faces a different set of restrictions from Apple” — Meanwhile, the company accused Apple of favoring Google over app-based platforms like Facebook with its privacy policies
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CNBC, DCD, Wall Street Journal, PhoneArena, iPhone in Canada Blog, CNN, Neowin, iPhone Hacks, iThinkDifferent, WRAL TechWire, diginomica, Philip Elmer‑DeWitt, and The Economic Times
| Lauren Feiner / CNBC: |
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+ — - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
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9to5Mac, Wall Street Journal, MacRumors, Bloomberg, Telegraph, Decrypt, Financial Times, Engadget, CNN, Reuters, Vox, Transistori, iMore, Forest's Newsletter, Winvesta Crisps, and Filter Coffee ☕
Tweets: @nikitabier, @talbm2010, @buccocapital, @mikeisaac, @profgalloway, @caseynewton, @firstadopter, @ferrotv, @sarahfrier, @benbn, @davetroy, @nikitabier, @dougboneparth, @nikitabier, @hotlinejosh, @jeffnolan, @amy_siskind, @benbn, @swodinsky, @asharma, @gassee, @joannastern, @kantrowitz, @anthony, @munster_gene, @gunjanjs, @rachelmetz, @htsfhickey, @emilydreyfuss, @gregmfitz, @alexeheath, @kantrowitz, @michaelbatnick, @buccocapital, @buccocapital, @mikeisaac, @caseynewton, @kurtwagner8, @kurtwagner8, @kurtwagner8, @shannonpareil, @kurtwagner8, @azeem, @kantrowitz, @kurtwagner8, @ceciliakang, @mikeisaac, @rustybrick, @qwongsj, and @mikeisaac
| Meta: |
Meta breaks out Facebook, Instagram, Messenger, and WhatsApp as Family of Apps, with Q4 revenue of $32.8B, up 20% YoY, and will adopt the META ticker in H1 2022 — Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
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Associated Press, GeekWire, Variety, Finbold, Protocol, TechCrunch, Bloomberg, Mobile Dev Memo, Yahoo News, BeInCrypto, TechSpot, ZDNet, The Hill, Insider, Ubergizmo, ВІС …, PhoneArena, GSMArena.com, and Input
| Parmy Olson / Bloomberg: |
Meta and Alphabet are the least diversified of the tech giants, relying on ads for 98% and 81% of revenue, respectively, a long-neglected vulnerability — Alphabet Inc. and Meta Platforms Inc., the world's biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021.| Washington Post: |
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The Verge, Meta, PCMag, Forbes, XDA Developers, Moneycontrol, and The Week
| Janko Roettgers / Protocol: |
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UploadVR, GamesIndustry.biz, news.com.au, The Register, and PYMNTS.com
Tweets: @stevekovach, @levynews, @luke_metro, @mikeisaac, and @sivavaid
| Los Angeles Times: |
Sources: in a Spotify staff meeting, CEO Daniel Ek said the company sees itself as a platform for, not a publisher of, Joe Rogan's podcast — Spotify CEO Daniel Ek told employees Wednesday morning that the streaming service doesn't closely supervise controversial podcast host Joe Rogan …
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TNW, Insider, BBC, and WRAL TechWire
| J. Clara Chan / The Hollywood Reporter: |
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New York Times, Protocol, Seeking Alpha, Spotify, Silicon Republic, The Verge, Reuters, Variety, MarketWatch, and Bloomberg
| Ashley Carman / The Verge: |
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Washington Post. Tweets: @ericnewcomer, @ericnewcomer, @ashleyrcarman, @reckless, @carnage4life, and @karlbode
| Sam Byford / The Verge: |
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, overtaking the Wii's 101.63M in under five years — A good holiday quarter, but Nintendo cut its forecast — The Nintendo Switch had a relatively strong holiday quarter …
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Nintendo, Bloomberg, Engadget, Thurrott, PCMag, Video Games Chronicle, Club386, Nintendo, Android Authority, 9to5Toys, TechSpot, CNBC, VentureBeat, iPhone in Canada Blog, and VentureBeat
Tweets: @pelstrom and @6d6f636869
| Arif Bacchus / OnMSFT.com: |
Report: Microsoft scrapped plans for a HoloLens 3 in 2021, shifting instead to a mixed reality device with Samsung and leaving the HoloLens team “inflamed” — Microsoft turned heads when it first introduced HoloLens, and it even launched a second generation of the mixed reality headset …
Source:
Insider. More:
Thurrott, ZDNet, MobileSyrup, XDA Developers, Engadget, MSPoweruser, and Pocket-lint
Tweets: @tasslehoff, @andrew_lusk, @julie188, @jayshams, and @ashannstew
| Ax Sharma / BleepingComputer: |
The Conti ransomware group hits major British snack producer KP Snacks, affecting the supply of Skips, Hula Hoops, McCoy's, and others to leading supermarkets — KP Snacks, a major producer of popular British snacks has been hit by the Conti ransomware group affecting distribution to leading supermarkets.
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betterRetailing, The Guardian, BetaNews, BBC, The i Paper, Bloomberg, Sky News, Telegraph, DataBreaches.net, Graham Cluley, and SecurityWeek
Tweets: @iblametom, @jimwaterson, and @gossithedog
| Catalin Cimpanu / The Record: |
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ETH and moves its site into maintenance mode; Wormhole is offering a $10M “bug bounty” — A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
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Elliptic Blog, Bloomberg, TheStreet, The Block, CyberScoop, Security Affairs, CoinDesk, VICE, CryptoPotato, TechCrunch, NBC News, Forbes, Crowdfund Insider, Coinspeaker, Crypto Daily, ZyCrypto, Ethereum World News, and Crypto Briefing
Tweets: @kelvinfichter, @wormholecrypto, @timevalueofbtc, @campuscodi, @kelvinfichter, @sbyrnes, @caseynewton, @silvermanjacob, @hexcowboy, @pt, @silvermanjacob, @gossithedog, @mattbinder, @crypto, @carsonturner, @austin_federa, @david_jolly_dc, @markjeffrey, @joshuatopolsky, @dogetoshi, @coindesk, @markgongloff, @ivanthek, and @silvermanjacob
| Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to access iPhones in 2021; ForcedEntry was also used by NSO Group — A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused …
More:
AppleInsider and 9to5Mac
Tweets: @stephaniefishm4, @razhael, @pearswick, @jshermcyber, @snlyngaas, @markdistef, and @ziya_meral
| Adi Robertson / The Verge: |
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers — It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
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Wall Street Journal, VentureBeat, PYMNTS.com, Forbes, Game Developer, Decrypt, Reuters, The Economic Times, Gamestop Corp., The Block, Blockworks, CoinDesk, KnowTechie, and Waivly. Tweets: @saraheneedleman
| Financial Times: |
Sources: Yuga Labs, the startup behind Bored Ape Yacht Club NFTs, is in talks to raise funds from a16z at a $4B-$5B valuation, its first outside funding — NFTs pioneer Yuga Labs seeks $4bn-$5bn valuation from Silicon Valley investor — The start-up behind Bored Ape Yacht Club … | Saritha Rai / Bloomberg: |
Counterpoint: Apple sold 2.3M iPhones in India during Q4, up 34% YoY, netting ~$2.09B revenue; Xiaomi sold 9.3M, up 2% YoY, and Samsung sold 7.2M, down 8% YoY — Apple Inc. had its strongest quarter for iPhone sales in India yet, a sign the Cupertino, Calif.-based company is finally making progress …
Source:
Counterpoint Research. More:
Philip Elmer‑DeWitt, AppleInsider, 9to5Mac, TechCircle, Android Central, and Patently Apple
Tweets: @bloombergquint, @tarunpathak, @tarunpathak, and @neiltwitz
| Richard Waters / Financial Times: |
Interview with Satya Nadella on Microsoft's Activision acquisition, preparing for the metaverse, the future of gaming and workplaces, and more — Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.| Lucas Matney / TechCrunch: |
Pixel Vault, a decentralized entertainment startup focused on an NFT collection of superheroes, raises $100M from 01 Advisors and Velvet Sea Ventures — The world of NFTs is bizarre, confounding and exhilarating. Detractors see a space full of capital-obsessed hucksters who want to choke …
More:
GlobeNewswire News Room and Coinspeaker
| Michael Smith / Bloomberg: |
Ahead of expected icy weather, Riot Blockchain, the largest Bitcoin mining company in Texas, reduces power consumption by 98% at its Whinstone facility — Crypto miner Riot Blockchain Inc. shut down most of its huge Bitcoin-making operation in Texas to conserve electricity as a wave of cold … | Kim Bhasin / Bloomberg: |
Digital fitness company Future, which connects users with coaches, raises $75M led by SC Holdings and Trustbridge Partners, bringing its total funding to $110M+ — Future, a digital fitness company that pairs users with coaches, is raising funds as the industry realigns itself after years of disruption related to the pandemic.
Tweets: @pkedrosky
| Frederic Lardinois / TechCrunch: |
Digibee, a low-code service for enterprise workflows, raises a $25M Series A led by SoftBank Latin America Fund — Digibee, a low-code integration platform is doing what all low-code integration platforms are apparently doing right now: raising funding. The company today announced … | Sarah Perez / TechCrunch: |
Mozilla shuts down Firefox Reality, its web browser launched in 2018 for Oculus and other AR/VR headsets, and directs users to Igalia's upcoming browser Wolvic — A top VR web browser is closing down. Today, Mozilla announced it's shutting down its Firefox Reality browser …
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Igalia and The Mozilla Blog
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