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July 28, 2022, 8:25 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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CBS News, Fortune, Newser, Transistori, The Guardian, and Investopedia
| 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 — Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27, 2022 /PRNewswire …
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The Verge, New York Times, CNBC, SiliconANGLE, 9to5Mac, Fossbytes, PhoneArena, Reuters, Yahoo Finance, The Economic Times, PYMNTS.com, Loup, Fast Company, and CNN
| Jordan Novet / CNBC: |
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to “steadily reduce headcount growth over the next year” — - It appears the economy has begun a downturn, said Mark Zuckerberg, CEO of Meta Platforms, on the company's Q2 earnings call.
More:
TechCircle and Cointelegraph
Tweets: @kurtwagner8, @naxuu, @wagatwe, @laurengoode, @mikeisaac, @jason_kint, @alexeheath, @jason_kint, @blackamazon, @jgb00m, @shannonpareil, @shannonpareil, @kurtwagner8, and @jason_kint
| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $2.81B loss for Q2 2022, vs. $3.67B est., on $452M in revenue, compared to a $2.96B loss for Q1 2022 on $695M in revenue — Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. — Jul 27, 2022
More:
CNBC, TrackRecord Daily, TechCrunch, and Gamereactor UK
Tweets: @saranormous, @sharpshoot, @jerrycap, @munster_gene, @modestproposal1, @adamdraper, @jank0, and @benedictevans
| Amanda Silberling / TechCrunch: |
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NBC News, The Signal, Social Media Today, Australian Financial Review, The Verge, and Deadline
| 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 …
More:
Washington Post, Microsoft On the Issues, Cybernews.com, Neowin, iTnews, Dark Reading, and Associated Press
Tweets: @msftsecintel, @botherder, @campuscodi, @ryanaraine, @campuscodi, @ryanaraine, @cristingoodwin, @jonathandata1, and @goretsky
| 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, BIG by Matt Stoller, CNBC, Decrypt, The Economic Times, Ethereum World News, The Register, and Platformer
Tweets: @mikeisaac, @ftc, @levie, @grimezsz, @cswilsonftc, @margarethmcgill, @levie, @hoeglaw, @benbajarin, @benedictevans, @mikeisaac, @ftc, @joshconstine, @econliberties, @scobleizer, @adamkovac, @reckless, @econliberties, @reckless, @ballmatthew, @econliberties, @daveleeft, @pkafka, @karlbode, @adamkovac, @eladgil, @daveleeft, @ballmatthew, @stevesi, @mmasnick, @jesselehrich, @econliberties, @slhamlet, @ronenv, @martyswant, @caseynewton, @chrismessina, @adamkovac, @reckless, @barry, @hoeglaw, @matthewstoller, @slhamlet, @benedictevans, @anshelsag, @sohrabahmari, @adamkovac, @karlbode, @anshelsag, @joshconstine, @anshelsag, @daveleeft, @adamkovac, @pt, @willoremus, @lucasmtny, @caseynewton, @karlbode, @ballmatthew, @caseynewton, @mikeisaac, @alexeheath, @danprimack, @benedictevans, @leah_nylen, @pathedger18, @scottnover, @ethanbaron, @montezumachavez, @profcarroll, @mikeisaac, @matthewstoller, and @karlbode
| 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 …
More:
The Guardian, DeepMind Blog, MIT Technology Review, The Verge, Insider, TIME, and Financial Times
Tweets: @deepmind, @workmj, @officeforai, @sundarpichai, @embl, @sparkes, @sparkes, @sparkes, @sparkes, @whereisdaz, @oliviasolon, and @jjaron
| 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, MacRumors, The Verge, and iMore
Tweets: @coolranchzaku, @tifotter, @sfiegerman, @iron_man_actual, and @kellan
| 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 …
More:
The Keyword, ZDNet, 9to5Google, TechCircle, Neowin, Gizmodo, and Android Authority
| 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| 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 … | Frederic Lardinois / TechCrunch: |
Google unveils Chrome OS features: video editing in Google Photos, PDF editing in Gallery, light and dark themes, and the ability to save a virtual desk — Google today announced that it is adding a new movie editor and a few new video editing features to Google Photos …
More:
The Keyword, Gizmodo, The Verge, About Chromebooks, BigTechWire, Pocket-lint, SlashGear, Neowin, Engadget, and CNET
Tweets: @sundarpichai and @google
| Dustin Volz / Wall Street Journal: |
Former US national security officials form the Open Source Intelligence Foundation to promote analyzing public data like social media posts for intel-gathering — Social media, satellite images, mobile-phone data can yield as much insight as traditional espionage, but few rules exist
More:
Lawfare. Tweets: @amyzegart, @strausscenter, @wsj, @nkulw, @newley, @dnvolz, @eliothiggins, and @bobbychesney
| 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 …
More:
Wccftech. Tweets: @liasae, @j_bertolotti, @techwontsaveus, @alexhern, @alexhern, @alexhern, @alexhern, @ianbetteridge, @beffernieblack, and @rhysmorgan
| 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 …
More:
International Business Times, iThinkDifferent, iClarified, PYMNTS.com, Patently Apple, iMore, Cult of Mac, AppleInsider, and MacDailyNews
Tweets: @mikeelgan, @newsynick, @stshank, @markgurman, and @jpr007
| 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
| 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 …
More:
TechCrunch, The Verge, DCD, and Bloomberg
| 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 … | Financial Times: |
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO — Unpaid suppliers occupy Chinese delivery start-up's offices as it scrambles to raise funds — Missfresh, a Chinese grocery delivery start …
Tweets: @ron_miller and @muradahmed
| Kif Leswing / CNBC: |
Qualcomm reports Q3 revenue up 37% YoY to $10.93B, vs. $10.88B est., net income up 53% YoY to $3.36B, and chip segment revenue up 45% YoY to $9.38B — - Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance …
More:
Wireless Technology …, Thurrott, Reuters, Wall Street Journal, MarketWatch, Investor's Business Daily, and Light Reading
Tweets: @mytechmusings, @benbajarin, @rossrubin, and @mingchikuo
| Kevin Breuninger / CNBC: |
The US Senate passes the Chips and Science Act, including $52B+ for US chipmakers plus 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.
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Wall Street Journal, Reuters, New York Times, Washington Post, Fortune, Roll Call, DigiTimes, and The White House
Tweets: @potus, @ballmatthew, @davidaxelrod, @dougjones, @juddlegum, @shamikaravi, @jonmasters, @lindseygrahamsc, @thekanter, @lukewsavage, @thekanter, and @digiphile
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