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July 27, 2022, 1:55 PM
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Ingrid Lunden / TechCrunch:
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues”  —  Spotify's push to complement its music streaming with a big move into podcasting and related content appears …
Todd Spangler / Variety:
Spotify reports Q2 revenue up 23% YoY to €2.9B, a €125M net loss, up from €20M YoY, MAUs up 19% YoY to 433M, and Premium users up 14% YoY to 188M; stock up 10%+  —  Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.
Jason Schreier / Bloomberg:
Interviews with 20+ people detail GTA developer Rockstar's attempts to change its “boys' club” workplace culture, starting in 2018, after complaints and burnout  —  In the summer of 2020, after a police officer killed George Floyd, Rockstar Games quietly shelved a mode of play …
Chris Stokel-Walker / Gizmodo:
Internal TikTok PR documents reveal suggested responses to difficult questions, including downplaying AI, parent company ByteDance, and “the China association”  —  Leaked documents detail what TikTok tells the media—and what it doesn't.  —  Leaked documents from within TikTok reveal …
Emma Roth / The Verge:
TikTok plans to give select researchers “public and anonymized data” from its platform and moderation system to “assess content and trends or conducts tests”
Emily Baker-White / BuzzFeed News:
Four former ByteDance employees say the company promoted pro-China content to Americans in its now-defunct news app TopBuzz; ByteDance denies the claims
Alex Heath / The Verge:
Mark Zuckerberg tells employees Meta and Apple are in a “very deep, philosophical competition” to build AR and VR devices and determine the internet's direction  —  “This is a competition of philosophies and ideas,” Meta's CEO recently told employees
Ivan Mehta / TechCrunch:
Google announces Maps updates: photorealistic aerial views of nearly 100 landmarks, more detailed cycling route information, and location sharing notifications  —  Google — facing increasing competition from other apps like Instagram and TikTok when it comes to consumers searching for things …
Vikas SN / Moneycontrol:
Google plans to relaunch Street View in India, starting in 10 cities, over 10 years after the service was suspended by the government on security grounds
Taylor Lorenz / Taylor Lorenz's Newsletter:
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content  —  It isn't just the platform that has changed, we have too.  —  Over the past few days there's been a movement to “Make Instagram Instagram again.”
Duncan Riley / SiliconANGLE:
An IBM study of 550 global organizations finds the average cost of a data breach is $4.35M, up ~13% over the last two years, and 83% had more than one breach  —  A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before.
Emily Birnbaum / Bloomberg:
Sources: Senate Majority Leader Chuck Schumer told donors at a fundraiser that the AICO Act to pare back the power of Big Tech companies doesn't have the votes  —  Senate Majority Leader Chuck Schumer told a group of donors that he doesn't believe that there are enough votes in the Senate …
Leah Nylen / Bloomberg:
An illustrated look at the bipartisan American Innovation and Choice Act's impact on US tech giants, seeking to ban self-preferencing and improve competition
Ry Crist / CNET:
Like Amazon's Ring, Google's Nest will comply with emergency US law enforcement requests for footage without a warrant or explicit user consent  —  The law lets Ring and Google share user footage with police during emergencies without consent and without warrants.  Here's everything you should know.
MK Manoylov / The Block:
Unstoppable Domains, which offers NFT domains as a personal identifier across Web3 apps, raised a $65M Series A led by Pantera Capital at a $1B+ valuation  —  - Unstoppable Domains announced Wednesday that it raised $65 million in a Series A funding, reaching a $1 billion valuation.
Tom Warren / The Verge:
Sony teases more PlayStation VR2 details, including a see-through view, a broadcast mode for filming gameplay, and a cinematic mode for non-VR games and media  —  There are also see-through and cinematic modes  —  Sony is teasing some more details about its upcoming PlayStation VR2 headset today.
Kurt Wagner / Bloomberg:
Memo: Twitter plans to reduce its office space in San Francisco, New York, Sydney, Seoul, Tokyo, and other major markets, in a bid to cut costs  —  Twitter Inc. is cutting back on its physical office space in several global markets, including San Francisco, New York and Sydney …
Stefanie Marotta / Bloomberg:
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP rises 6%+, after crashing 14% on Tuesday due to layoffs  —  Shopify Inc. rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown …
Microsoft - Investor Relations:
Microsoft reports Q4 revenue up 12% YoY to $51.87B, net income up 2% YoY to $16.7B, Azure up 40% YoY, and LinkedIn up 26% YoY  —  REDMOND, Wash. — July 26, 2022 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2022, as compared to the corresponding period of last fiscal year:
Jordan Novet / CNBC:
Microsoft misses Q4 estimates with $51.87B in revenue, vs. $52.44B estimated, citing changing exchange rates plus challenges in the advertising and PC markets
Daniel Rubino / Windows Central:
Microsoft's Q4 Surface revenue increased 10% YoY, driven by commercial PC sales, as Windows OEM revenue declined 2% YoY due to PC production shutdowns in China
Alphabet - Investor Relations:
Alphabet reports Q2 revenue up 13% YoY to $69.69B, net income of $16B, down from $18.53B YoY, and Google Cloud revenue of $6.28B, up from $4.63B YoY  —  MOUNTAIN VIEW, Calif. - July 26, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2022.

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From Mediagazer

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Andrew Fedorov / The San Francisco Standard:
A look at Colossus, a VC-backed quarterly mimicking glossy magazine writing with glowing tech exec profiles that investors praise and some journalists call PR

David Ehrlich / IndieWire:
Netflix spent 10 years trying to make movie theaters obsolete and is now pivoting to real theatrical releases, in a rare about-face for a tech giant

More News

Earlier Picks

Bill Toulas / BleepingComputer:
Unit 42: hackers typically scan for vulnerabilities within 15 minutes of a new CVE disclosure; the first active exploitation attempts are observed within hours
Zack Whittaker / TechCrunch:
A researcher finds messaging app JusTalk, which has ~20M users, exposed a database with millions of conversations and call logs in plaintext since January 2022
Dan Goodin / Ars Technica:
Kaspersky researchers find a malicious UEFI-based rootkit used in the wild since 2016 that keeps PCs infected after an OS reinstall or a hard drive replacement
Jesse Hamilton / CoinDesk:
Senators Toomey and Sinema introduce a bill to exempt crypto users from being taxed on transactions of under $50, similar to a bipartisan bill in the House
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