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July 29, 2022, 2:50 AM
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memeorandum
WeSmirchTop News
| Apple: |
Apple reports record Q3 revenue up 2% YoY to $83B, vs. $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories| Kif Leswing / CNBC: |
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022 — KEY POINTS — Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.
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AppleInsider, 9to5Mac, Philip Elmer‑DeWitt, Neowin, Six Colors, TheStreet, BGR India, MobileSyrup, Thurrott, MacRumors, SlashGear, MacDailyNews, Axios, Daring Fireball, Apple Must, CNET, The Hollywood Reporter, Patently Apple, Ars Technica, and Macworld
| Reuters: |
Apple expects a faster sales growth in Q4, citing easing parts shortages and strong iPhone demand; Tim Cook says Apple is also “being more deliberate” in hiring — Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening …
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SiliconANGLE, MacRumors, iMore, MacRumors, CNET, 9to5Mac, and London Evening Standard. Tweets: @markgurman
| Casey Newton / Platformer: |
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
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Insider, The i Paper, Livemint, Big Technology, The Overspill, The Guardian, BGR India, New York Times, Gizmodo, Engadget, SlashGear, iThinkDifferent, Pixel Envy, Digital Trends, CNN, XDA Developers, PetaPixel, The Information, NBC News, MobileSyrup, Slashdot, Social Media Today, and Нов …
Tweets: @caseynewton, @pierce, @brianoliu, @platformer, @chillmage, @lisatozzi, @caseynewton, @parismartineau, @stevekovach, @chelseacirruzzo, @ericajoy, @illumitatiana, @mrinaldesai, @pierce, @caseynewton, @lordravenscraft, @kerrymflynn, @caseynewton, @rob_sheridan, @patwhite70, @steven_aquino, @culturecrave, @brianstelter, @tomwarren, @chillmage, @issielapowsky, @walldo, @lucas_shaw, @esaagar, @brianmanzullo, @pantibliss, @chillmage, @oliverdarcy, @oduneweniyi, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @nbashaw, @aria_gerson, and @shitlicious
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing … | Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI Group revenue down 16% YoY to $4.6B; stock down 5%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, The Verge, VentureBeat, Reuters, Wall Street Journal, SemiAnalysis, Thurrott, Investor's Business Daily, PCMag, Bloomberg, and Protocol
Tweets: @stevesi, @dylan522p, @patrickmoorhead, @dylan522p, @tculpan, @jonmasters, @dylan522p, and @donal888
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; the stock jumps 10%+ after hours — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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TechCrunch, PYMNTS.com, Business Wire, SiliconANGLE, BigTechWire, Thurrott, New York Times, Bloomberg, GeekWire, Variety, and Financial Times
Tweets: @conorsen, @chriskeall, @carnage4life, @patrickmoorhead, @jonathanvanian, @charliebilello, @conorsen, and @parismartineau
| @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed led by a16z — gm! I'm very excited to announce that @a16z crypto is leading a $50M round in @veefriends. We look forward to helping the team fuel expansion plans for its creative, technical and experiential operations that support the growing Web3 community! https://a16zcrypto.com/...
More:
a16z crypto, VeeFriends, Start With NFTs, ETH Daily, and Waivly
Tweets: @jeremyknowsvf, @mikebutcher, @seldo, @mdudas, @kevinrose, @jackmascone, @tomgara, @iamtexture, and @veefriends
| Makena Kelly / The Verge: |
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden must now sign it into law — All that's left is Biden's signature — It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
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CoinDesk, Reuters, CNBC, Wired, Axios, PhoneArena, TechCrunch, and Bloomberg
Tweets: @pgelsinger, @billevanina, @sandralrivera, @jonmasters, @jonmasters, @jonmasters, @repjudychu, @jakesherman, @whcos, @kellymakena, and @stshank
| Todd Spangler / Variety: |
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists … | Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
More:
Board of Governors …, Cointelegraph, Decrypt, and Web3 is going just great
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it's increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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TechCrunch, 9to5Mac, Pocket-lint, and Twitter Help Center
Tweets: @mattnavarra, @stuartbruce, @jangles, @markgurman, @davepell, @keithedwards, @davepell, and @ow
| Todd Spangler / Variety: |
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+ — Roku fell well short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.
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Roku, ZDNet, Digiday, Wall Street Journal, Barron's Online, The Wrap, TechCrunch, CNBC, Deadline, Protocol, Bloomberg, Reuters, MarketWatch, The Streamable, and Next TV. Tweets: @xpangler
| Taylor Locke / Fortune: |
Variant, an early stage crypto-focused fund, has raised $450M for a third fund focused on the “user-owned web”, after previously raising $22.5M and $110M — Each “crypto winter” is different from the last, but every winter—or what non-crypto people would call a bear market …
More:
Variant and PYMNTS.com
| Maggie Miller / Politico: |
The US DOJ says it is investigating a data breach of the federal courts system that is separate from the Russia-backed SolarWinds hack revealed in late 2020 — The Justice Department is investigating a data breach of the U.S. federal courts system dating to early 2020, a top official testified on Capitol Hill Thursday.| Bloomberg: |
An in-depth look at the issues facing Afterpay, Klarna, Affirm, and other BNPL players, such as economic uncertainty, competition, regulators, and consumer debt — For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager … | Manish Singh / TechCrunch: |
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG — Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
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Firstpost Tech, The Indian Express, The Economic Times, and Reuters
Tweets: @adityakalra and @gagan_arora1
| Sarah Perez / TechCrunch: |
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.| Bloomberg: |
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first — Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.
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Ars Technica. Tweets: @zackkanter, @iwriteok, @vectorpoem, @iwriteok, @can, @pt, @can, @robleathern, @can, @can, @robleathern, @pt, @can, @can, @pt, @can, @pt, @can, @pt, @pt, @adamnash, @can, @pt, @pt, @sarahfrier, @ronmc1, @patchadams03, and @sarahfrier
| Joshua Brustein / Bloomberg: |
Hours before Sky Mavis told users it was hacked, CEO Trung Nguyen moved about $3M worth of Axie Infinity's main token AXS; Sky Mavis says it was to help users — This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack.
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The Block, PYMNTS.com, and CoinDesk
Tweets: @silvermanjacob, @s_m_i, @joshuabrustein, @paultassi, and @somospostpc
| Marguerite Reardon / CNET: |
Senate and House Democrats plan to 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.Sponsor Posts
Command Line:
GitHub Universe 2026: Highlights from the developer's developer conference — Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
GitHub Universe 2026: Highlights from the developer's developer conference — Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
Introducing the new Zoho Analytics: Agentic analytics for every business — We're excited to announce the launch of the new Zoho Analytics! This release marks a major shift for the product …
Introducing the new Zoho Analytics: Agentic analytics for every business — We're excited to announce the launch of the new Zoho Analytics! This release marks a major shift for the product …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Cheeky Pint:
Why Sam Altman is against a single superintelligence
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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Great Chat:
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