Techmeme
July 29, 2022, 1:02 AM

Top 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.
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
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.
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.
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 …
@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/...
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 …
Caitlin Harrington / Wired:
A look at Apple's union-busting campaign, as some retail workers call on management to stop inflicting “traumatic” pressure on other workers trying to unionize  —  Workers are calling on management to stop inflicting “traumatic” pressure on other workers trying to unionize.
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.
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 …
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 …
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 …
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.

Sponsor Posts

Tribe AI:
Is AI just hype?  —  Find out how top enterprises use Tribe to get real business results.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Zoho:
All new Zoho Workerly 2024  —  Staffing businesses around the world face a unique set of challenges when it comes to managing their temporary workforce.  With a constantly shifting job market and changing staffing needs …
Comprehensive.io:
Browse salary data from 3,000 startups for free  —  Click for FREE, immediate access to real-time compensation benchmarking data.  Paid version helps HR automate comp reviews and communicate total compensation to employees.
The Kevin Rose Show:
Henry Shukman, Lessons from an Authentic Zen Master
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Techmeme Ride Home:
Thu. 03/28 - Claude 3 Opus Surpasses GPT-4 For The First Time
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:02 AM ET, July 29, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Joshua Brustein / Bloomberg:
Chris Welch / The Verge:
Callan Quinn / The Block:

Earlier Picks

Ina Fried / Axios:
Sara Fischer / Axios:
Matthew Sparkes / New Scientist: