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July 27, 2022, 1:55 PM
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WeSmirchTop News
| 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 …
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Input, Ars Technica, The Verge, Engadget, 9to5Google, CNET, XDA Developers, Gizmodo, TechRadar, iThinkDifferent, The Mac Observer, 9to5Mac, iMore, TechSpot, Neowin, MobileSyrup, Mashable, Phandroid, Silicon Republic, and Digital Trends
Tweets: @ashleyrcarman, @chrismessina, @ashleyrcarman, and @heilemann
| 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.
Source:
Spotify Investor Relations. More:
Music Business Worldwide, PCMag, Thurrott, CNET, Tech Xplore, CNBC, TechCrunch, TechSpot, Deadline, Financial Times, and Engadget
Tweets: @richlightshed, @annaknicolaou, @eldsjal, @livesquawk, and @tvgrimreaper
| 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 …
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Bloomberg, IGN, New York Post, Game Developer, The Verge, Windows Central, CNET, Engadget, Forbes, TechRadar, GameSpot, OnMSFT.com, Rock, Paper, Shotgun, PC Gamer, GamingBolt, Gameranx, WhatIfGaming, Video Games Chronicle, TheGamer, Polygon, Dexerto, Wccftech, IndieWire, Digital Trends, Eurogamer.net, Kotaku Australia, Kotaku, Pure Xbox, Press Start, SegmentNext, and TrueAchievements
| 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 …
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New York Post, Fortune, Cybernews.com, and Newslit Daily
Tweets: @stokel, @blakersdozen, @alexhern, @brendancarrfcc, @stokel, @annalecta, @stokel, and @iblametom. Thanks:@stokel
| Emma Roth / The Verge: |
Source:
TikTok. More:
Silicon Republic, Fox News, and TechCrunch
Tweets: @logandobson, @v_ness, @tiktokcomms, and @joepcunningham
| Emily Baker-White / BuzzFeed News: |
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Fortune, Washington Post, Engadget, and MSPoweruser
Tweets: @ebakerwhite, @alexisohanian, @ebakerwhite, @bryanrwalsh, and @mattmittenthal
| 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 …
More:
The Keyword, Android Authority, Gizmodo, AppAdvice, Engadget, The Verge, MacRumors, 9to5Google, TechRadar, 9to5Google, and Android Police
Tweets: @alexhern, @sam_l_shead, and @stshank
| Vikas SN / Moneycontrol: |
| 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.”
More:
Michael Mignano, On my Om, NPR, iThinkDifferent, NBC News, and Washington Post
Tweets: @mosseri, @imbobswaget, @taylorlorenz, @jeffhorwitz, @mattufford, @taylorlorenz, @nikitabier, @taylorlorenz, @nadeshot, @boopfashionista, @dlberes, @kirstensaidwhat, @marc_normandin, @stefficao_, @paultassi, @m_scribe, @taylorlorenz, @taylorlorenz, @jacklynwille, @taylorlorenz, @offbeatorbit, @balajis, and @karenattiah
| 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.
Source:
IBM and IBM. More:
Metacurity, VentureBeat, Silicon Republic, CNET, Dark Reading, Cybernews.com, SecurityWeek, Digital Trends, ComputerWeekly.com, The Economic Times, ZDNet, Security Boulevard, TechRepublic, and Tech Monitor
| 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 …
More:
AppleInsider, Protocol, The Mac Observer, HuffPost, MacDailyNews, New York Post, and 9to5Mac
| Leah Nylen / Bloomberg: |
More:
9to5Mac. Tweets: @neil_chilson, @leah_nylen, @digitaldemoc, @neil_chilson, @vfranz73, @birnbaum_e, @benvol, @neil_chilson, @aghose, @neil_chilson, and @daveyalba
| 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.
More:
Unstoppable Domains, Crunchbase News, FinSMEs, CoinDesk, CoinJournal, TechCrunch, Coinspeaker, Fortune, Forbes, and Blockworks
| 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.
More:
PlayStation.Blog, Club386, SamMobile, TechRadar, KnowTechie, and Video Games Chronicle
Tweets: @playstation, @andrearene, @personaspeaks, @nickstatt, @nibellion, @hrafntho, and @toadsanime
| 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 …
More:
Protocol, San Francisco Business Journal, and Barron's Online
Tweets: @carnage4life, @kurtwagner8, @kurtwagner8, and @kurtwagner8
| 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 …
Source:
Shopify. More:
New York Times, Wall Street Journal, CNBC, The Economic Times, BetaKit, and Australian Financial Review
Tweets: @carnage4life, @carnage4life, @markrmcqueen, and @mattahertz
| Kevin Breuninger / CNBC: |
US Senate passes the Chips and Science Act, including $52B+ for US chipmakers as well as tax credits to encourage investment; the bill now heads to the House — - The Senate passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductors.
More:
Computerworld, Protocol, New York Times, TechCrunch, NPR, CNN, Axios, and Washington Post
| 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:
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The Verge, Seeking Alpha, TechCircle, SegmentNext, Finbold, Neowin, Fossbytes, Windows Report, The Shortcut, TrueAchievements, TechRadar, and Search Engine Land
Tweets: @ldignan, @bdsams, @tomwarren, @samro, @nextgenplayer, @samro, @carnage4life, @munster_gene, @patrickmoorhead, and @draecomino
| Jordan Novet / CNBC: |
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TechCrunch, RCR Wireless News, Coinspeaker, Protocol, Silicon Republic, Transistori, Bloomberg, and Financial Times
Tweets: @toddbishop and @cnbcnow
| Daniel Rubino / Windows Central: |
More:
HotHardware, ZDNet, diginomica, Computerworld, iTnews, and The Register
Tweets: @daniel_rubino and @daniel_rubino
| 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.
More:
PYMNTS.com, TechRepublic, Coinspeaker, The Economic Times, and CNBC
Tweets: @lexnfx, @patrickmcgee_, @tuviae, @patrickmoorhead, @epro, @munster_gene, @rustybrick, and @lexnfx
| Reuters: |
More:
Search Engine Land, The Economic Times, Search Engine Roundtable, PYMNTS.com, InfoWorld, New York Times, TechRadar, and The Register. Tweets: @gartenberg
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