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July 27, 2023, 5:45 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 jumps 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 a $3.7B operating loss in Q2, vs. $3.5B est., and expects losses to “increase meaningfully” due to VR/AR and ecosystem investments  —  - Meta's Reality Labs unit, which develops virtual reality and augmented reality technologies, logged …
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
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.
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
Bloomberg:
The SEC approves new rules to require publicly traded companies to file details of a cyberattack within four days of identifying a material impact from the hack  —  - Delay possible if public safety or national security at risk  — Some business groups argued that deadline was too short
Sheila Chiang / CNBC:
Samsung reports Q2 revenue down 22% YoY to ~$47.21B, below analyst expectations of ~$47.7B, and operating profit down 95% YoY to ~$525M due to weak phone demand  —  - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
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
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
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.
David Pierce / The Verge:
A postmortem of Neeva, which tried to build a faster, simpler, and ad-free search engine, and how default search engine choices reinforce Google's dominance  —  A couple of ex-Googlers set out to create the search engine of the future.  They built something faster, simpler, and ad-free.
Mastodon: @carnage4life@mas.to.  Twitter: @lutherlowe.  Threads: @imdavidpierce and @parkerortolani
Forums: r/technology and Beehaw
Wes Davis / The Verge:
T-Mobile rolls out ultrafast 5G capable of 3.3Gbps, first in a few US markets for Samsung Galaxy S23 users only, then nationwide in “the coming weeks”  —  / T-Mobile's new wireless tech is live in a few markets and will be available nationally in ‘weeks.’
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 …
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.
Medha Singh / Reuters:
Dish partners with Amazon to sell a Boost Infinite postpaid wireless plan with unlimited talk, text, and data services at $25/month for Amazon Prime subscribers  —  Dish Network Corp (DISH.O) is partnering with Amazon.com (AMZN.O) to sell wireless postpaid service plans through its platform …
Wall Street Journal:
Sources: Netflix is reworking its tech deal with Microsoft for its ad tier to reduce the revenue guarantee and has discussed selling ads through other partners  —  Streamer asks for patience as it tries to jump-start $6.99 a month ad tier  —  Netflix is restructuring its advertising partnership …
More: Reuters

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This is a Techmeme archive page. It shows how the site appeared at 5:45 AM ET, July 27, 2023.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Earlier Picks

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
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
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
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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