Techmeme
February 1, 2023, 1:35 AM

Top News

Casey Newton / Platformer:
Instagram co-founders Kevin Systrom and Mike Krieger form a venture to explore next-gen social apps; the first is Artifact, a TikTok-like app for news articles  —  EXCLUSIVE: Meet Artifact, a kind of TikTok for text  —  Kevin Systrom and Mike Krieger are back.
Jason Schreier / Bloomberg:
A look at Microsoft's prized 343 Industries, the studio behind Halo, after a leadership overhaul, layoffs, and more; sources detail a pivot to Unreal Engine  —  Microsoft Corp. says it's going to keep making new games in the popular Halo franchise at its prized 343 Industries studio — despite rumors to the contrary.
Ina Fried / Axios:
Ashley Capoot / CNBC:
Ian King / Bloomberg:
Intel is cutting 2023 employee compensation to preserve cash for investment, ranging from 5% of the base pay for mid-level managers to 25% for CEO Pat Gelsinger  —  Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope …
Sylvia Varnham O'Regan / The Information:
Sources: seeking to boost Reels' quality, Meta executives are leaning toward relaxing the company's long-standing opposition to sharing ad revenue with creators  —  When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they're likely to pepper the Meta Platforms CEO …
Kif Leswing / CNBC:
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales  —  - AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts …
Jonathan Vanian / CNBC:
Snap Q4: revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, vs. 375.3M est., and a $288M net loss, vs. $23M in net income YoY; stock down 13%+  —  - Snap missed on revenue for the fourth quarter but beat on earnings.  — Snap had a rough 2022, as a slowing economy led numerous companies …
TJ Denzer / Shacknews:
EA Q3: revenue up 5% YoY to $1.88B, vs. $2.5B est., net income up 209% YoY to $204M, net bookings down 9% YoY to $2.34B, and lowers FY guidance; stock drops 10%  —  The game publishing giant reduced its full year revenue expectations by about half a billion dollars in its latest quarter guidance.
Jack Schickler / CoinDesk:
Independent examiner: Celsius misled its investors, sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more  —  Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
The Verge:
Apple HomePod (second-gen) review: similarly good sound quality, useful sensors, and a responsive Siri, but pricey and the best experience is via a paired set  —  Apple's second take on the HomePod doesn't stray far from the original, but it's better all around.
Matt Binder / Mashable:
Twitter shuts down CoTweets, an experimental feature that let two users author and publish a tweet in tandem; in a month, CoTweets will show a single author  —  If you're reading this, it's already too late to post a CoTweet.  —  Did you use Twitter's fairly new CoTweets feature?
Kyle Wiggers / TechCrunch:
Sentra, which classifies cloud data according to sensitivity and tracks cloud data security, raised a $30M Series A led by Standard Investments  —  The move to the cloud, accelerated by the pandemic, continues unabated.  By 2025, Gartner estimates that over 95% of new digital workloads …
Sarah Perez / TechCrunch:
Spotify has deployed Google's User Choice Billing in 140+ markets globally, to reduce Play Store commissions; how much the company is saving is confidential  —  In its fourth-quarter earnings, Spotify announced today its User Choice Billing program has now expanded to over 140 markets worldwide …
Anna Nicolaou / Financial Times:

Sponsor Posts

Soxton:
Fast, affordable law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
F5:
Accelerate AI Adoption at F5's AI Virtual Summit  —  Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23.  Register now to save your spot.
Zoho:
Don't Do.  Just Tell.  With Zoho MCP for Bigin.  —  Dear small business owners,This one's a little different.We're not here to walk you through a checklist of features.  We're here to tell you about something …
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.

Featured Podcasts

Invest Like the Best:
Alex Sacerdote - How to Invest Through Technology Cycles
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
Father of the iPod and iPhone on building taste, judgment, and creativity in the AI era | Tony Fadell
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Will Apple (Finally) Get AI Right At WWDC?, Anthropic's Worry, Microsoft vs. OpenAI
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
The Upstarts Podcast:
Vanta's Christina Cacioppo: The Underdog Turning 'Nonsense' Compliance Into A $4.2B Security Standout
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.
Subscribe to The Upstarts Podcast.
Hard Fork:
Hot I.P.O Summer + What Is A.I. Doing to Math? + HatGPT
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Tools and Weapons with Brad Smith:
AI's Mythos Moment: Rishi Sunak on preparing governments for AI
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:35 AM ET, February 1, 2023.

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

Financial Times:
Sohee Kim / Bloomberg:
Brian Merchant / Los Angeles Times:
Gerry Smith / Bloomberg:
Mike Butcher / TechCrunch:

Earlier Picks

Amanda Silberling / TechCrunch:
Parmy Olson / Bloomberg: