| Bloomberg: |
Meta closes down 26%, erasing $250B+ 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 … | 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| Parmy Olson / Bloomberg: |
| Amazon: |
Amazon Q4: revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, and AWS revenue up 40% to $17.8B; FY 2021 revenue grew 22% to $469.8B; stock is up 15%+ — SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.| Taylor Soper / GeekWire: |
Amazon will raise Prime's annual price by $20 to $139 and its monthly price by $2 to $14.99, on February 18 for new members and March 25 for current members — Amazon is upping the price of Prime, increasing the annual fee of its membership from $119/year to $139/year.| Annie Palmer / CNBC: |
Amazon reports advertising services revenue of $31.2B in 2021, with $9.7B in Q4, up 32% YoY; subscription services grew 15% to $8.1B — - Amazon shares rallied in extended trading Thursday after the company posted a big earnings beat for the fourth quarter, helped by a gain on its investment in electric vehicle company Rivian.| Joe Rossignol / MacRumors: |
The US Senate Judiciary Committee approves the Open App Markets Act, which would allow app sideloading and let developers use their own in-app payment systems — The U.S. Senate Judiciary Committee today approved the bipartisan Open App Markets Act, an antitrust bill that would allow … | Andrew Hutchinson / Social Media Today: |
Facebook's MAUs rose by 2M in Q4, the slowest QoQ growth in its history; Meta's “Family Monthly Active People” grew by 10M, likely due to WhatsApp and Instagram — Meta has posted its Q4 2021 and full-year performance result, showing a rise in monthly active users … | Ashley Carman / The Verge: |
Audio: Daniel Ek says Spotify needs exclusives for leverage to land deals with Amazon, Google, and others, and he finds many things Rogan says “very offensive” — He says Spotify is a platform, not a publisher — Spotify CEO Daniel Ek addressed employees about the Joe Rogan controversy … | Los Angeles Times: |
| 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 … | Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to break into 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 … | Lauren Feiner / CNBC: |
Snap reports its first quarterly net profit, with Q4 revenue of $1.3B, up 42% YoY, net income of $23M; revenue for FY 2021 grew 64% to $4.1B; stock is up 60%+ — - Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.| Nina Bambysheva / Forbes: |
Trust Machines, which wants to build DeFi apps, DAOs, and NFTs on Blockstack, now called Stacks, raises $150M via Breyer Capital, Union Square Ventures, others — It's summer 2017. Muneeb Ali, a PhD candidate in computer science at Princeton, is finishing his thesis … | Richard Waters / Financial Times: |
Interview with Satya Nadella on Microsoft's Activision Blizzard 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.| 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 … | Ephrat Livni / New York Times: |
Coinbase partners with TurboTax to let users directly deposit state and federal tax refunds into their accounts and automatically buy cryptocurrency — The software company has teamed up with Coinbase to allow users the option to convert their state and federal tax refunds into cryptocurrency.| Corbin Davenport / XDA Developers: |
Google releases Flutter 2.10 with stable support for developing Windows apps; macOS and Linux support remains in beta — Google has been working on Flutter for a few years now, with the goal to create the cross-platform software framework of developers' dreams.| Tiernan Ray / ZDNet: |
Pinterest reports Q4 revenue of $847M, up 20%, and 431M global MAUs, down 6% YoY, and says revenue grew 52% YoY in FY 2021 to surpass $2B; stock up 28%+ — Pinterest's monthly average users dropped 6%, year over year, to 431 million, below consensus for 448 million.| 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 … | Brandy Betz / CoinDesk: |
Tribal Credit, a B2B payments service used in 22+ countries, raises a $60M Series B led by SoftBank Latin America Fund, bringing its total funding to $140M — Tribal Credit, a business-to-business payments and financing platform for emerging markets, has raised $60 million in a Series B funding round led … | 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.| Dustin Volz / Wall Street Journal: |
White House forms the Cyber Safety Review Board, loosely modeled on NTSB, to investigate major national cybersecurity failures, starting with the Log4j bug — The new panel is loosely modeled on the National Transportation Safety Board and will look into the recently discovered Log4j internet bug| 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 … | Saritha Rai / Bloomberg: |
Counterpoint: Apple shipped 2.3M iPhones in India in Q4, up 34% YoY; Xiaomi shipped 9.3M smartphones, up 2% YoY, and Samsung shipped 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 … | 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 …
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| Catalin Cimpanu / The Record: |