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Techmeme
February 2, 2024, 10:55 AM
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Apple:
Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas net sales up 2% to $50.4B, and Europe net sales up 10% to $30.4B  —  Services revenue reaches new all-time record EPS up 16 percent to new all-time high  —  Apple® today announced financial results …
William Gallagher / AppleInsider:
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features and the company plans to detail its ongoing work “later this year”  —  Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone up 6% YoY to $69.7B, Mac up 1% YoY to $7.78B, iPad down 25% YoY to $7.02B, and Wearables, Home, and Accessories down 11% YoY to $11.95B
Meta:
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023; META up 20%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023.
Sarah Perez / TechCrunch:
In Meta's earnings call, Zuckerberg says Apple's changes to comply with EU's DMA are “so onerous” that he doubts any developer, including Meta, would adopt them
Sarah Perez / TechCrunch:
Mark Zuckerberg says Threads now has more than 130M MAUs and is “growing steadily”
Jonathan Vanian / CNBC:
Meta's Reality Labs unit had revenue of $1B in Q4 but had a record operating loss of $4.65B; the metaverse division has now lost over $42B since the end of 2020
Rohan Goswami / CNBC:
Meta says it will pay a 50 cent dividend for the first time, and has authorized a $50B share buyback
James Fanelli / Wall Street Journal:
Sources: in January, the US DOJ charged three people with a phone-hacking scheme that included the hack of FTX to steal $400M+ at the time of its 2022 collapse  —  The hack coincided with the crypto exchange's meltdown more than a year ago  —  Federal investigators appear to have cracked …
Barry Schwartz / Search Engine Land:
Google dropped the cache link from Search results snippets last week and plans to remove the cache functionality entirely “in the near future”  —  Google officially removed the cache link from the Google Search results snippets last week and Google confirmed that it will remove …
Sergiu Gatlan / BleepingComputer:
Cloudflare says it was hacked in November 2023 by a suspected “nation state attacker” who used auth tokens stolen in Okta's breach from October 2023  —  Cloudflare disclosed today that its internal Atlassian server was breached by a suspected ‘nation state attacker’ who accessed …
Amazon:
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Akash Sriram / Reuters:
Amazon reports Q4 AWS revenue up 13% YoY to $24.2B, vs. $24.26B est., and operating income of $7.2B, up from $5.2B YoY
Rebecca Falconer / Axios:
Former CIA employee Joshua Schulte, who was convicted for leaking secrets to WikiLeaks, was sentenced to 40 years in prison on February 1 for espionage and more  —  A former CIA software engineer who was convicted of carrying out the largest data breach in the agency's history was sentenced …
Andy Greenberg / Wired:
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aiming to censor reports on Appin's alleged hacker-for-hire past  —  A loose coalition of anti-censorship voices is working to highlight the legal threats aimed at making reports of one Indian company's hacker-for-hire past disappear.
Asa Fitch / Wall Street Journal:
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026  —  Construction on two factories now slated to be finished in late 2026 as company also waits for government incentives
Sergiu Gatlan / BleepingComputer:
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions  —  Blackbaud has settled with the Federal Trade Commission after being charged with poor security and reckless data retention practices …
Sarah Perez / TechCrunch:
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers  —  Amazon announced today the launch of an AI-powered shopping assistant it's calling Rufus that's been trained on the e-commerce giant's product catalog …

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This is a Techmeme archive page. It shows how the site appeared at 10:55 AM ET, February 2, 2024.

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From Mediagazer

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Scott Nover / Washington Post:
Email: the WH press corps won't be allowed on White House grounds Sunday due to the UFC fight; only press poolers will be allowed unless UFC gives credentials

Peter Chapman / Bloomberg:
The UK CMA launches a probe into Paramount's $110B acquisition of WBD, and sets an initial ruling deadline on August 7; the EU has already set a July 7 deadline

More News

Subrat Patnaik / Bloomberg:
Meta stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple and Amazon's gains in 2022

Earlier Picks

David Pierce / The Verge:
The Browser Company unveils new features for its Arc desktop browser, including Arc Explore, a desktop version of Arc Search's “browse for me”, and Live Folders
Andrew J. Hawkins / The Verge:
Google plans to roll out a Google Maps feature that uses LLMs to analyze its data on 250M+ places and community insights to recommend places, starting in the US
Richard Nieva / Forbes:
YouTube says YouTube Premium and Music have a combined 100M subscribers; CEO Neal Mohan says subscriptions have become a “meaningful part” of YouTube's business
Sean Hollister / The Verge:
The US CPSC says Snap will recall all its Pixy selfie camera drones because their batteries pose a fire hazard; Snap sold fewer than 71K drones in four months
Kyle Wiggers / TechCrunch:
Google debuts ImageFX, an AI image generator underpinned by Imagen 2, with “expressive chips”, or keyword suggestions, and brings Imagen 2 to Vertex AI and Bard
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