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July 27, 2023, 4:10 AM
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Meta Investor Relations:
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META up 7%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023.  —  “We had a good quarter.
Jonathan Vanian / CNBC:
Meta's Reality Labs reports Q2 $3.7B operating loss, vs. $3.5B est., and expects losses to “increase meaningfully” due to investments in VR/AR and its ecosystem  —  - Meta's Reality Labs unit, which develops virtual reality and augmented reality technologies …
Scott Nover / Quartz:
Meta says Facebook surpassed 3B MAUs for the first time, increasing 3% YoY as of June 30, 2023, while family monthly active people grew 6% YoY to 3.88B
Bloomberg:
New rules approved by the SEC require publicly traded companies to file details of a cyberattack within four days of identifying that it has a material impact  —  - Delay possible if public safety or national security at risk  — Some business groups argued that deadline was too short
David Welch / Bloomberg:
Waymo plans to slow the development of autonomous trucking as the company moves its focus and investment to ride-hailing  —  Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that's being done by its Via subsidiary.
Sheila Chiang / CNBC:
Samsung reports Q2 revenue of ~$47.21B, a 22% YoY drop and below analyst expectations of ~$47.7B, and operating profit of ~$525M, a 95% YoY drop  —  - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
Lora Kolodny / CNBC:
Sources: the California AG is investigating Tesla, seeking information from customers and ex-employees about Autopilot safety issues and advertising complaints  —  - The California attorney general is investigating Tesla, CNBC has learned, seeking information from customers …
CNN:
US prosecutors ask a judge to detain Sam Bankman-Fried over witness tampering allegations, saying he leaked Caroline Ellison's personal writings to the NYT  —  New York CNN —  —  US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
Tom Warren / The Verge:
Microsoft starts rolling out a new Xbox Home UI, offering more space for backgrounds and quick access to store, search, and settings, after 10 months of testing  —  Microsoft first started testing a new Xbox Home UI nearly a year ago, and the company is now ready to deliver it to all Xbox owners.
Aisyah Llewellyn / Al Jazeera:
Indonesia restricts X.com, which now redirects to twitter.com after Twitter rebranding to X, as the domain had been previously used by porn and gambling sites  —  Medan, Indonesia - Elon Musk's aspirations for X, the social media site formerly known as Twitter, have hit a stumbling block …
Esther Crawford / @esthercrawford:
Former Director of Product Management Esther Crawford on Twitter's culture of fear, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more
Nikhilesh De / CoinDesk:
The US DOJ informed a federal judge that Sam Bankman-Fried won't face the campaign finance charge, which wasn't part of an extradition document with The Bahamas  —  The Justice Department said late Wednesday that the campaign finance charge was not included in an extradition document with The Bahamas …
Allison Johnson / The Verge:
Samsung announces the Galaxy Z Flip5, offering a larger 3.4" cover screen, up from 1.9" on the Z Flip 4, a new hinge, 256GB storage, and more for the same $999  —  The Motorola Razr Plus' reign as the best flip phone might be short-lived.  —  The Samsung Galaxy Z Flip 5 is officially here …
Dina Bass / Bloomberg:
AWS debuts HealthScribe, an AI-powered tool to summarize patient visits, and is working with partners rather than selling it directly to hospitals and doctors  —  Amazon Web Services is unveiling AI services for doctors, business analysis and chatbots as it aims for Microsoft and Google

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This is a Techmeme archive page. It shows how the site appeared at 4:10 AM ET, July 27, 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.

From Mediagazer

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Daniel Thomas / Financial Times:
As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

Henry Blodget / Regenerator:
Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

More News

Ken Klippenstein / The Intercept:
Netflix lists a $300K to $900K-a-year ML product manager job that points to its plans to use AI to “create great content”, as actors strike for AI protections
Kif Leswing / CNBC:
The Overture Maps Foundation, formed by Meta, Microsoft, AWS, and TomTom, releases its first dataset with 59M “points of interest” donated by Meta and Microsoft

Earlier Picks

Bloomberg:
As droughts spread across Spain, the US, and elsewhere, communities are battling water-hungry data centers; Meta expects a €1B facility to use 665M liters/year
Victoria Song / The Verge:
Samsung announces the $300+ Galaxy Watch6 and $400+ Galaxy Watch6 Classic, powered by Wear OS 4, reviving the Classic's rotating bezel, and more
Dan Seifert / The Verge:
Samsung unveils the $800+ Galaxy Tab S9, $1,000+ S9 Plus, $1,200+ and S9 Ultra, offering a similar design, new CPUs, and new OLED displays, shipping August 11
Ben Schoon / 9to5Google:
Samsung announces the Galaxy Z Fold5, offering the same 7.6" and 6.2" displays, Snapdragon 8 Gen 2, 50MP rear camera, a new hinge, and new colors for $1,800
Electronic Frontier Foundation:
The FBI's seizure of Mastodon server Kolektiva.social in May should serve as a wake-up call to fediverse users and hosts to protect their privacy
George Hammond / Financial Times:
Anthropic, Google, Microsoft, and OpenAI launch the Frontier Model Forum, aiming to ensure “the safe and responsible development of frontier AI models”
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