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July 28, 2022, 11:55 AM
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| Salvador Rodriguez / Wall Street Journal: |
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook …
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Financial Times, Gizchina, Axios, The Overspill, and Transistori
Tweets: @naxuu, @mosseri, @shiraovide, @divestech, @michaelstjames, @david_p_priest, @laurengoode, @divestech, @ericboehm87, @jayshams, @gabrielmalor, @jamescz19, @jamescz19, @levynews, @sal19, @curiousgrey8801, @devilslayer1802, @joshg_etoro, @infographx, @maxkellybsm, @kantrowitz, @anthony, and @jowens510
| Meta - Investor Relations: |
Meta reports Q2 revenue down 1% YoY to $28.8B, net income down 36% YoY to $6.69B, and Family of Apps daily active people up 4% YoY to 2.88B; stock drops 6%+ — Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27 …
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Reuters, CNBC, TNW, The Verge, Silicon Valley Business …, 9to5Mac, The Block, The Register, New York Times, Blockworks, CNN, Silicon Republic, PYMNTS.com, Protocol, SiliconANGLE, CNBC, VentureBeat, New York Post, TechSpot, Coinspeaker, Yahoo Finance, PhoneArena, Reuters, The Economic Times, Search Engine Journal, Fossbytes, Micky, and Platformer
| Jordan Novet / CNBC: |
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Mashable, Cointelegraph, and TechCircle
| Nelson Wang / CoinDesk: |
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CNBC, Tech News, CNBC, and TrackRecord Daily
Tweets: @saranormous, @sharpshoot, @jerrycap, @adamdraper, @modestproposal1, @benedictevans, @munster_gene, and @jank0
| Amanda Silberling / TechCrunch: |
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Gizmodo, Fortune, Digit, NBC News, The Verge, The Signal, and 9to5Mac
| Matthew Sparkes / New Scientist: |
DeepMind says AlphaFold has predicted the structure of almost every protein cataloged by science, over 200M in total, a problem in biology for decades — Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science in just 18 months …
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DeepMind Blog, The Verge, CNET, The Guardian, Silicon Republic, New York Times, MIT Technology Review, Insider, TIME, and Financial Times
Tweets: @deepmind, @schrep, @embl, @demishassabis, @bp22, @erictopol, @aparanjape, @wintonark, @edwinhayward, @alexis_verger, @eladgil, @officeforai, @akhljndl, @uksciencechief, @sparkes, @whereisdaz, @sparkes, @sundarpichai, @oliviasolon, @jjaron, @workmj, @sparkes, and @sparkes
| Wall Street Journal: |
Sources: Jack Ma plans to relinquish control of Alibaba's Ant Group, potentially pushing back Ant's IPO for a year or more; regulators approve of the change — The shift, long under consideration to reduce governance risks, comes as the Chinese fintech giant seeks to move on from a tough year
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Bloomberg, PYMNTS.com, The Economic Times, Finbold, Finextra, Barron's Online, TechCrunch, Tech News, Bloomberg, and Reuters
Tweets: @sub8u, @charlesforelle, and @jchengwsj
| Richard Speed / The Register: |
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations — Reports seeing ‘offensive actor’ flinging SubZero malware — Microsoft has published an analysis of a Europe-based …
Source:
Microsoft Security Blog. More:
Metacurity, The Hacker News, TechCrunch, Security Affairs, Silicon Republic, TechRadar, Neowin, and iTnews
| Tom Warren / The Verge: |
Sony begins testing support for 1440p games on the PlayStation 5, a widely requested feature, alongside a curated gamelists and new social tools — Beta testers get access today — Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
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PlayStation.Blog, Android Authority, GameSpot, Engadget, XDA Developers, Club386, Forbes, Game Developer, MobileSyrup, TechRadar, TheGamer, Polygon, Neowin, Pocket-lint, Tom's Guide, Laptop Mag, GamingBolt, The Shortcut, BGR India, and Appuals.com
Tweets: @the_poolshark, @bombur, and @tomwarren
| Richard Lawler / The Verge: |
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022 — It's not that different — We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised … | Amanda Silberling / TechCrunch: |
Twitter tests a status feature for tweets, letting users add a label from a pre-determined list, in the US and Australia — Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace). Some users are reporting …
More:
9to5Mac, MSPoweruser, MacRumors, Mashable, and iMore
Tweets: @coolranchzaku, @tifotter, @kellan, @iron_man_actual, and @sfiegerman
| Mark Gurman / Bloomberg: |
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car — Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
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Silicon Republic, The Economic Times, iPhone in Canada Blog, Gizchina, PhoneArena, Tom's Guide, iThinkDifferent, and iClarified
Tweets: @yoda, @jpr007, @stshank, @newsynick, @mikeelgan, and @markgurman
| Ivan Mehta / TechCrunch: |
Google announces Play Store policies to address issues with intrusive ads, alarms, VPNs, and impersonation of brands and other apps — Google announced new Play Store policies for developers on Wednesday that aim to address issues with intrusive ads, alarms, VPNs, and impersonation of brands and other apps.
More:
support.google.com and Android Police
| The Markup: |
A look at 37 companies within the connected vehicle data marketplace, a largely unregulated industry that some estimate will be worth $300B-$800B by 2030 — A firehose of sensitive data from your vehicle is flowing to a group of companies you've probably never heard of
Tweets: @funnymonkey, @themarkup, @jaycstanley, @nabihasyed, and @aclu
| Financial Times: |
Greater London Authority warns housing developers about a potential ban on new housing until 2035, citing a growing number of data centers consuming electricity — Greater London Authority warns developers that upgrade might take more than a decade — Developers in west London face …
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The Verge, TechCrunch, Bloomberg, and DCD
| Sara Fischer / Axios: |
Sources: Meta begins telling its 50 US news partners that it will no longer pay for content to run on Facebook's News Tab, ending a three-year deal from 2019 — Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content … | Annie Njanja / TechCrunch: |
Worldwide Mobile Pricing 2022 survey of mobile data prices: five of the world's 10 most expensive places are in sub-Saharan Africa; Israel is the cheapest — A new report detailing the cost of mobile data in different markets across the world, bears the evidence of why internet use … | Saritha Rai / Bloomberg: |
An interview with Paytm CEO Vijay Shekhar Sharma on the company's $1B annual revenue goal, post-IPO stock price crash, giving investors more info, and more — Paytm was the poster boy for India's tech startups, only to lose two-thirds of its value since its IPO and become a symbol of the industry's crash.
Tweets: @saritharai and @sankalp_sp
| John Loeffler / TechRadar: |
Recent AMD and Nvidia leaks show upcoming GPUs will consume excessive amounts of power, creating a high environmental cost for limited improvement in graphics — The planet may burn but at least the end will be ray-traced at 8K — A number of recent news items over the past few weeks …
Tweets: @pt, @pt, @bitinn, @ianbetteridge, @alexhern, @alexhern, @rhysmorgan, @alexhern, @liasae, @alexhern, @beffernieblack, @j_bertolotti, and @techwontsaveus
| Ina Fried / Axios: |
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products operate fairly; Meta will only get aggregate data — Facebook parent Meta plans to partner with an outside group to survey the race of Instagram customers in hopes of better understanding …
More:
Bloomberg and Oasis Labs
| Bloomberg: |
Crypto exchange FTX US expands its no-fee stock trading service to all US users, including non-crypto investors, and plans to offer options trading next — Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors … | Ivan Lam / Counterpoint Research: |
China smartphone sales fell 14.2% YoY in Q2 2022 to the lowest point since Q4 2012; Honor grew sales 103.3% YoY, boosting its Q2 market share from 7.7% to 18.3% — - China's smartphone sales hit a fresh low in Q2 2022 to reach less than half of the sales of the historical peak in Q4 2016.
More:
TechCrunch, The Register, 9to5Mac, Phandroid, Reuters, and Counterpoint Research. Tweets: @neiltwitz
| New York Times: |
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan — The move is a blow to Meta's metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.
More:
Federal Trade Commission, Meta, The Verge, Insider, BIG by Matt Stoller, CNBC, Neowin, The Future, Now and Then, and Politico
Tweets: @mikeisaac, @grimezsz, @ftc, @levie, @cswilsonftc, @margarethmcgill, @kerrymflynn, @ronmknox, @benbajarin, @hoeglaw, @benedictevans, @chrisbhoffman, @levie, @eladgil, @mikeisaac, @joshconstine, @reckless, @ronenv, @reckless, @benedictevans, @anshelsag, @adamkovac, @anshelsag, @joshconstine, @econliberties, @slhamlet, @adamkovac, @slhamlet, @anshelsag, @adamkovac, @pt, @lucasmtny, @caseynewton, @sohrabahmari, @ftc, @barry, @reckless, @ballmatthew, @mmasnick, @matthewstoller, @scobleizer, @adamkovac, @chrismessina, @daveleeft, @caseynewton, @adamkovac, @daveleeft, @daveleeft, @ballmatthew, @stevesi, @hoeglaw, @econliberties, and @econliberties
| Marguerite Reardon / CNET: |
Senate and House Democrats will introduce a bill to reinstate Obama-era net neutrality rules and reestablish the FCC's authority over broadband networks — Senate and House Democrats are set to introduce a bill to reinstate Obama-era net neutrality rules and to give the FCC authority over broadband networks.| Paul Sawers / TechCrunch: |
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M — Spotify has quietly announced how much it's paying for four of its recent acquisitions, revealing that it's doling out a combined €291 million … | Yonhap News Agency: |
Samsung reports Q2 operating profit up 12% YoY to ~$10.8B, revenue up 21% YoY to ~$59.3B, and chip revenue of ~$22.1B, citing server demand and a strong USD — (ATTN: RECASTS throughout with more details; ADDS photo) — Samsung Electronics Co. on Thursday reported its second-quarter net profit …
More:
Samsung Newsroom, Thurrott, The Register, PhoneArena, Bloomberg, Reuters, and Wall Street Journal
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