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July 26, 2023, 12:20 AM
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Alphabet - Investor Relations:
Alphabet reports Q2 revenue of $74.6B, up 7% YoY, net income of $18.37B, up from $16B YoY, Google Cloud revenue of $8.03B, up from $6.28B YoY; GOOG is up 6%+  —  Announces Plans for Chief Financial Officer Transition and Appointment of President and Chief Investment Officer MOUNTAIN VIEW …
CNBC:
Alphabet CFO Ruth Porat will become the President and Chief Investment Officer of Alphabet and Google, overseeing Other Bets, effective September 1, 2023
Microsoft - Investor Relations:
Microsoft reports Q4 net income up 20% YoY to $20.1B, revenue up 8% YoY to $56.2B, Office Commercial up 12% YoY, Dynamics 365 up 26% YoY, and LinkedIn up 5% YoY  —  , as compared to the corresponding period of last fiscal year:  · Revenue was $56.2 billion and increased 8% (up 10% in constant currency)
Jordan Novet / CNBC:
Microsoft reports Q4 Intelligent Cloud revenue up 15% YoY to $23.99B, vs. $23.79B est., with Azure and other cloud services revenue up 26% YoY  —  - Microsoft called for lower revenue guidance than analysts had predicted, partly because of weakness in the segment that contains Windows.
Tom Warren / The Verge:
Microsoft reports Q4 devices revenue down 20% YoY, overall gaming revenue up 1% YoY, Xbox hardware revenue down 13% YoY, and Windows OEM revenue down 12% YoY
More: Pure Xbox, Windows Central, and OnMSFT.com
Mastodon: @carnage4life@mas.to.  Twitter: @oliver_drk and @stephentotilo.  Threads: @carnage4life.  Forums: r/XboxSeriesX
Wall Street Journal:
Emails: X offers discounts on new video ads in the US and UK and warns advertisers that they will lose verified status unless they reach spending thresholds  —  Social-media site X is offering hefty discounts to lure back ad dollars  —  X Corp. is cutting ad prices as it tries to woo brands back to the Elon Musk-owned platform.
Vlad Savov / Bloomberg:
Elon Musk says the X rebrand isn't “simply a company renaming itself” but a move to remake Twitter into a platform for communications and financial transactions
Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com
More: Ars Technica, Washington Post, The Verge, Popular Mechanics, Watcher Guru, MobileSyrup, TIME, PetaPixel, Insider, Why Evolution Is True, Metro.co.uk, Gizmodo, Newser, Agence France-Presse, gHacks Technology News, Macworld, PYMNTS.com, The Verge, CoinDesk, Insider, and Manton Reece
LinkedIn: Donita Prakash, Timø Ronan, Alex Kantrowitz, Leela Srinivasan, Leela Srinivasan, Jasmine Enberg, and Caroline Giegerich
Bluesky: @mmasnick.bsky.social and @rrrubenstein.bsky.social
Mastodon: @mimsical@mastodon.social, @Renee@mastodon.social, @lauren@mastodon …, @lauren@mastodon …, @jsit@social.coop, @malwaretech@infosec.exchange, and @SirTapTap@mastodon.social
Twitter: @lindayacc, @elonmusk, @elonmusk, @elonmusk, @lindayacc, @martingrasser, @elonmusk, @elonmusk, @lindayacc, @waynesutton, @elonmusk, @mcjesse, @lindayacc, @kantrowitz, @requiemarm, @rmac18, @eliothiggins, @chafkin, @levie, @tedlieu, @arictoler, @erratarob, @rmac18, @gaetaamy, @paulg, @alex193a, @esthercrawford, @parismarx, @rmac18, @rmac18, @profgalloway, @parismarx, @rachelmetz, @jayrosen_nyu, @peterjukes, @hbomberguy, @sesamestreet, @matttomic, @eyepatchwolf, @0xdesigner, @maxdubler, @azealia_tiktok, @hardmaru, @lunch_enjoyer, @0xgaut, @moorehn, @kenklippenstein, @normative, @mkbhd, @sawyermerritt, @netik, @joshshepperd, @jtriest, @zeddary, @mabintou, @samleecole, @ch1w33th3d0g, @gaysexforreal, @drmistercody, @wagatwe, @davegerhardt, @brushalt, @rajatsuri, @paulg, @0xfoobar, @tomhfh, @ccanonne_, @tomwarren, @lindayacc, @fontendou, @noahshachtman, @leederca, @jack, @mikedrucker, @kate_rouch, @keewa, @pankendev, @parkermolloy, @kurtruslfanclub, @rothschildmd, @nixcraft, @thegarrettscott, @b_hvrd, @stealthygeek, @stateofronance, @ruskin147, @jessicacadams, @tomwarren, @nmsonline, @webdesignmuseum, @nadineaucamp, @mrbiffo, @keffals, @riptari, @karlremarks, @nikitabier, @austen, @beeple, @savvyauntie, @channel4, @mrdavemacleod, @teslaownerssv, @halomancer1, @davidmackau, @amandamgoetz, @birdyword, @byyourlogic, @selsaystuff, @mike27356894, @turtlekiosk, @harrymccracken, @levie, @elonmusk, @jonrussell, @elonmusk, @zoeschiffer, @timsweeneyepic, @tomcoates, @mgsiegler, @tedlieu, @paulg, @jdcmedlock, @katie_roof, @emilcdc, @bendreyfuss, @yosephpaulos, @jamestobyne, @edzitron, @josephpolitano, @benedictevans, @gabor, @cameronwilson, @jangles, @rmac18, @sherman4949, @xxdepthxx, @largeroundson, @rmac18, @prateekwaghre, @levie, @alexeheath, @karaswisher, @benparr, @eliothiggins, @mshannahmurphy, @evacide, @zoeschiffer, @lcamtuf, @karaswisher, @alexdobie, @austen, @austen, @loupas, @jujuujba, @nycsouthpaw, @gruber, @killedbygoogle, @allergictoguac, @benedictevans, @danprimack, @packym, @levie, @parismarx, @itsmichelebro, @rmac18, @katzish, @stuli1989, @whstancil, @joshconstine, @edzitron, @ctjlewis, @pt, and @ditzkoff
Threads: @taylorlorenz, @keithedwards, @shellen, @crumbler, @renee.diresta, @hankgreen, @crumbler, @sarahprz, @carnage4life, and @reporterzoe.  Forums: Hacker News
Casey Newton / Platformer:
Elon Musk's rebranding of Twitter to X shows his takeover is best understood not as a money-making endeavor, but as an extended act of cultural vandalism
Jason Nelson / Decrypt:
OpenAI shuts down its AI classifier for indicating AI-written text, citing “its low rate of accuracy”, and will research “more effective provenance techniques”  —  In January, artificial intelligence powerhouse OpenAI announced a tool that could save the world …
David Pierce / The Verge:
The Browser Company launches Arc on macOS and iOS after a two-year waitlist; the browser helps users take notes, redesign webpages, organize tabs, and more  —  Arc, the Mac and iOS browser from The Browser Company, is finally ditching its waitlist.  The company has been testing the app …
Tim Perry / HTTP Toolkit:
As open web advocates raise concerns over the Web Environment Integrity proposal, a look at a similar Apple system shipped in 2022 to make Captchas unnecessary  —  There's been a lot of concern recently about the Web Environment Integrity proposal, developed by a selection of authors from Google …
Josh Sisco / Politico:
Sources: the FTC is finalizing its antitrust suit against Amazon and is likely to file its case in federal court rather than its own tribunal as soon as August  —  A case would be a high-water mark for FTC Chair Lina Khan who gained prominence criticizing the company's dominance.
Raffaele Huang / Wall Street Journal:
Sources: TikTok plans to launch an e-commerce business in the US in early August to sell made-in-China goods to consumers and rival Shein and Temu  —  The app seeks to replicate the success of other popular China-founded shopping platforms Shein and Temu  —  TikTok is launching …
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows  —  Meta's text-based social network Threads is rolling out one of the most requested features after its launch — a following feed.  The company is also rolling out the ability to see posts you've liked in your settings.
Richard Lawler / The Verge:
OpenAI releases ChatGPT for Android in the US, Bangladesh, and Brazil, and plans to launch in more countries next week  —  According to a company tweet, it's available first in the US, India, Bangladesh, and Brazil, with other countries set to follow later, mimicking the staged rollout we saw for the iOS version.
Ashley Carman / Bloomberg:
Spotify Q2: revenue up 11% YoY to €3.2B, Premium subs up 17% YoY to 220M, MAUs up 27% YoY to 551M; Q3 sales forecast below analyst est.; SPOT closes down 14.26%
Elissa Miolene / Mercury News:
At schools across California, some Chromebook models are about to age out of software updates; 13 models hit their death date this summer and 51 will in 2024  —  At a lofty warehouse in East Oakland, a dozen students have spent their summer days tinkering with laptops.
Lauren Tara LaCapra / The Information:
Former employees detail how the Apple Card partnership between Apple and Goldman Sachs soured; a source says Apple Card had ~10M users as of earlier this year  —  Apple and Goldman Sachs were in test runs before embarking publicly on one of the biggest-name partnerships ever between tech and finance.

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From Mediagazer

Reuters:
Sources: Nick Bilton hired TV production consultant Kelly Funke, to help manage his 60 Minutes transition, and a 24-year-old operations manager, Nick De Lucca

William James / Reuters:
After civil unrest in Belfast, Ofcom reminds social platforms to heed the Online Safety Act, including by mitigating risks of content that provokes violence

Lucas Manfredi / The Wrap:
Fubo and NBCUniversal reach a deal ending a months-long blackout, with NBCU's Spanish-language networks available Wednesday, English-language networks later

More News

Jonathan Vanian / CNBC:
Snap Q2: revenue down 4% YoY to $1.07B, vs. $1.05B est., global DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP down 16%+

Earlier Picks

Juli Clover / MacRumors:
Apple opens applications for Apple Vision Pro developer kits, offering developers a “loaner” to build apps alongside specialized hardware and software support
Foo Yun Chee / Reuters:
Apple faces a £785M class action lawsuit, claiming to represent over 1,500 app developers, over its App Store fees at the UK's Competition Appeal Tribunal
Sudip Kar-Gupta / Reuters:
Paris-based defense electronics and cybersecurity company Thales agrees to buy US-based cybersecurity firm Imperva from Thoma Bravo in a deal worth $3.6B
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