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July 26, 2023, 2:40 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
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: Business Today, Washington Post, Ars Technica, Popular Mechanics, Watcher Guru, TIME, MobileSyrup, PetaPixel, Insider, The Verge, Why Evolution Is True, Metro.co.uk, Gizmodo, Newser, Agence France-Presse, gHacks Technology News, Macworld, PYMNTS.com, CoinDesk, The Verge, Insider, and Manton Reece
LinkedIn: Donita Prakash, Timø Ronan, Alex Kantrowitz, Leela Srinivasan, and Leela Srinivasan.  Bluesky: @mmasnick.bsky.social
Mastodon: @mimsical@mastodon.social, @Renee@mastodon.social, @lauren@mastodon …, @lauren@mastodon …, and @jsit@social.coop
Twitter: @lindayacc, @elonmusk, @elonmusk, @elonmusk, @lindayacc, @martingrasser, @elonmusk, @elonmusk, @lindayacc, @waynesutton, @mcjesse, @elonmusk, @kantrowitz, @lindayacc, @requiemarm, @rmac18, @eliothiggins, @chafkin, @levie, @tedlieu, @arictoler, @erratarob, @rmac18, @gaetaamy, @paulg, @alex193a, @rmac18, @rmac18, @parismarx, @profgalloway, @parismarx, @rachelmetz, @jayrosen_nyu, @peterjukes, @hbomberguy, @sesamestreet, @matttomic, @eyepatchwolf, @0xdesigner, @maxdubler, @azealia_tiktok, @hardmaru, @lunch_enjoyer, @0xgaut, @moorehn, @kenklippenstein, @normative, @esthercrawford, @sawyermerritt, @netik, @joshshepperd, @jtriest, @mkbhd, @zeddary, @mabintou, @samleecole, @ch1w33th3d0g, @gaysexforreal, @drmistercody, @wagatwe, @davegerhardt, @brushalt, @rajatsuri, @paulg, @0xfoobar, @ccanonne_, @tomhfh, @tomwarren, @fontendou, @leederca, @noahshachtman, @jack, @mikedrucker, @kate_rouch, @lindayacc, @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
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
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: Windows Central, OnMSFT.com, and Pure Xbox
Mastodon: @carnage4life@mas.to.  Twitter: @oliver_drk and @stephentotilo.  Threads: @carnage4life.  Forums: r/XboxSeriesX
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 …
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.
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 …
Jeff Wilser / CoinDesk:
A look at the origins of Worldcoin's eye-scanning orb, how the company is trying to safeguard user privacy, its tokenomics, policy challenges, and more  —  Is Sam Altman's UBI startup a smart countermeasure to AI, or a privacy nightmare?  Jeff Wilser reports.  —  I've traveled to Berlin to stare into the future.
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.
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%

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From Mediagazer

Rick Edmonds / Poynter:
Gannett fires an experienced editor overseeing 26 community newspapers for “sharing proprietary information” with a “competing media company”, which was Poynter

CNBC:
Sources: Sinclair is looking to sell 60+ of its 185 TV stations, in markets including Minneapolis and Austin, and is exploring options for the Tennis Channel

Dade Hayes / Deadline:
Nexstar Q1: revenue up 2.1% YoY to $1.28B, net income up 89.8% YoY to $167M, losses for The CW were cut by $50M, or about half 2024's projected loss reductions

More News

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
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

Richard Lawler / The Verge:
OpenAI releases ChatGPT for Android in the US, Bangladesh, and Brazil, and plans to launch in more countries next week
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
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
Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August
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