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October 26, 2022, 5:25 PM
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| Meta - Investor Relations: |
Meta Q3: revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active people up 4% YoY to 2.93B, headcount up 28% YoY; stock drops 13%+ — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $3.67B loss for Q3 2022 on $285M in revenue vs. $406M est., up from its Q2 2022 loss of $2.81B on $452M in revenue — Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.| Nick Statt / Protocol: |
Meta says a new consumer-grade Quest headset is coming in 2023 — A follow-up to the Quest 2 virtual reality headset is arriving next year, Meta said in its most recent earnings announcement. The device will be a consumer-grade headset unlike the recently released Quest Pro … | Berber Jin / Wall Street Journal: |
Sources: a16z's flagship crypto fund is down ~40% in H1 2022, above the 10%-20% losses at rival funds; a16z dramatically slowed its crypto investments in 2022 — Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’ — Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
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The Block, Silicon Valley Business …, Crunchbase News, Blockworks, Protocol, CryptoPotato, Watcher Guru, Cointelegraph, Protos, CoinDesk, and Decrypt
Tweets: @cararlombardo, @wublockchain, @berber_jin1, @paleofuture, @dhm, @eliotwb, @iankar_, @mayazi, @mayazi, @cavandy, @riddle245, @carnage4life, @somospostpc, @grady_booch, and @0xcrypton
| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to Chief Twit and visits the company's San Francisco office; memo to employees: “you'll all hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday, posting a video clip of himself walking …
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| Joe Rossignol / MacRumors: |
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to turn them off — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
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AppleInsider, BGR, AppleInsider, iPhone Hacks, FOSS Patents, Macworld, KnowTechie, Financial Times, and iMore
Tweets: @simonbs, @marcoarment, @cabel, @basicappleguy, @viticci, @hot_doggin_jon, @wolfiechristl, @gruber, @hot_doggin_jon, @simonbs, @stuntpants, @stuntpants, @fromedome, @stroughtonsmith, @simonbs, @jasoneccles, @gte, @eshumarneedi, @rauschma, @alexeheath, @apollozac, @tapbot_paul, @fahim_al_mahmud, @wolfiechristl, @cabel, @krausefx, @mr_james_c, @jesslynnrose, @johnbalestrieri, @rsgnl, @antumbral, @uzmabarlaskar, @sub8u, @pt, @thomasfuchs, @snazzyq, @radiantav, @reinholdkesler, @stuntpants, @benedictevans, @tariqkrim, @gergelyorosz, @jamesthomson, @asallen, @gruber, @seyitaylor, @darth, @gartenberg, @mikemilzz, @eslivka, @marcoarment, @keleftheriou, @gruber, @rsgnl, @twostraws, @bzamayo, @sdw, @pdparticle, @drbarnard, @viticci, @parkerortolani, @marcoarment, and @keleftheriou
| Reuters: |
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated — Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves …
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The Verge, Semafor, TechCrunch, and Electrek
Tweets: @reuters, @filippie509, @karlbode, and @mccarthyryanj
| Kirsten Korosec / TechCrunch: |
Sources: autonomous vehicle startup Argo AI, which raised billions in VC funding, is shutting down; top backers Ford and VW will absorb its parts and some staff — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
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Forbes, Engadget, Reuters, and The Verge
Tweets: @grady_booch, @tslafanmtl, @garymarcus, and @john__rosevear
| Wayne Ma / The Information: |
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release — Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year …
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MacRumors, The Verge, Android Authority, Macworld, MobileSyrup, AppleInsider, Digital Trends, iThinkDifferent, Redmond Pie, iPhone in Canada Blog, 9to5Mac, Notebookcheck.net, Pocket-lint, BGR, Cult of Mac, and iMore
Tweets: @parismartineau, @anm, @jessicalessin, @rsgnl, @stroughtonsmith, @mcwm, @samifathi_, and @bengeskin
| Lauren Hirsch / New York Times: |
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter lawsuit and set an October 28 deadline to close the deal — Kathaleen St. J. McCormick, the chief judge of Delaware's Chancery Court, gave Mr. Musk until Friday to acquire Twitter.| Aaron Tilley / Wall Street Journal: |
A look at HoloLens' development, as Microsoft ceded its early lead in AR to Meta and others; one executive blames a lack of money and people behind the effort — Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’
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Insider and Thurrott
Tweets: @mims, @jeffhorwitz, @joepwilliams31, @smashdawg, @ericbellmanwsj, @aatilley, and @avibarzeev
| Kevin Purdy / Ars Technica: |
iPad Pro (2022) review: M2 runs GPU-intensive tasks well and Pencil hover is nice, but the upgrade is incremental and the front camera remains on the wrong side — This year's iPad Pro has even more power. It's nice, but a true upgrade beckons. — If you're an Apple Pencil devotee …
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MacRumors, iPhone in Canada Blog, Cult of Mac, TechRepublic, and AppleInsider News
| Ashley Capoot / CNBC: |
Mobileye pops 37.95% on its first day of trading after spinning out of Intel, giving the company a $23B market cap; Intel acquired Mobileye for $15.3B in 2017 — - Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public.| Echo Wang / Reuters: |
| Steve Johnson / Financial Times: |
Analysis: one year after the most successful ETF launch to date, ProShares' bitcoin ETF has lost ~$1.2B of investors' money as its share price has dropped 70% — BITO's 70 per cent decline suggests it has burnt through $1.2bn of investors' cash — One year after its record-breaking launch … | Omose Ighodaro / Bloomberg: |
An interview with Kickstarter CEO Everette Taylor, appointed in September 2022, on running the company as a Black man, diversity and UX plans, bias, and more — Kickstarter, the crowd-funding platform, is looking to Everette Taylor, its new chief executive officer, to return the company to its core values.| Alex Heath / The Verge: |
Meta says Apple updated its App Store rules to require IAPs for social media “boosts” to grow its business “while undercutting others in the digital economy” — Just when I thought the relationship between Apple and Meta couldn't get more hostile, here we are.
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Read and Share Twitter …, AppleInsider, Bloomberg, TheStreet, XDA Developers, iMore, CNBC, ExtremeTech, Philip Elmer‑DeWitt, AppleInsider, 9to5Mac, iPhone in Canada Blog, Android Authority, Mobile Dev Memo, and Mashable
| Emma Roth / The Verge: |
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New York Times, Spotify, Forbes, Neowin, Android Headlines, City A.M., iThinkDifferent, iMore, Gizchina, and 9to5Mac
Tweets: @eldsjal, @elonmusk, @ballmatthew, @timsweeneyepic, @_kylejs_, @dangillmor, @pat_garofalo, @nirzicherman, @dariuszdziuk, @wolfejosh, @brandonking4787, @jeffjarvis, @trippmickle, @chrisamccoy, @balestrapatrick, @jherskowitz, @benedictevans, @timsweeneyepic, @timsweeneyepic, @neilkatz, and @migueldeicaza
| Jon Swartz / MarketWatch: |
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY — Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years
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Tweets: @eric_seufert and @jenn_elias
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