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August 7, 2024, 7:10 AM
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Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”  —  Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
More: New York Times, Platformer, Silicon Republic, The Verge, TechCrunch, Gizmodo, Financial Times, PCMag, Ars Technica, Mashable, Rumble, PhoneArena, TechSpot, Cybernews.com, Proactive, KnowTechie, BBC, TweakTown, Neowin, New York Post, SiliconANGLE, Social Media Today, Pirate Wires, The Hollywood Reporter, Android Headlines, Adweek, Engadget, The Verge, Fast Company, Business Insider, Digiday, MobileSyrup, The Independent, The Hill, Deadline, Wired, Quartz, Reuters, Thurrott, Variety, Bloomberg, The Information, Financial Times, and Digiday
Threads: @crumbler, @mac_ryan_, @reckless1280, @taylorlorenz, @crumbler, @hunterwalk, @kalihays1, @mac_ryan_, @daveleebbg, @carnage4life, @martinsfp, @kalihays1, @enjoyingeveryminute, @drewharwell, @mattrichardson, @moskov, @karaswisher, @karaswisher, and @kalihays1
Mastodon: @chrisgeidner@journa.host, @GossiTheDog@cyberplace.social, @metacurity@infosec.exchange, @MarcAbrahams@mstdn.science, @jalefkowit@vmst.io, @dmoren@zeppelin.flights, and @ianb@mastodon.well.com
X: @lindayax, @lindayax, @elonmusk, @elonmusk, @rumblevideo, @elonmusk, @catthekin, @scottderrickson, @baekdal, @brianroemmele, @chrispavlovski, @tracybeanz, @joshtpm, @joshtpm, @gergelyorosz, @chrispavlovski, @kyliebytes, @billackman, @allahliker, @silvermanjacob, @binarybits, @snazzylabs, @pt, @harrymccracken, @bobbyallyn, @bobbyallyn, @adamkovac, @fmanjoo, @toptickcrypto, @fmanjoo, @kchoudhu, @thechosenberg, @ryanbarwick, @kristyt, @somewheresy, @jack_raines, @michaelmiraflor, @ryxcommar, @oalexanderdk, and @colin_fraser.  LinkedIn: Greg Glenday
Forums: Hacker News, r/TheAllinPodcasts, r/law, r/Destiny, r/economy, r/inthenews, r/facepalm, r/LeopardsAteMyFace, r/business, r/neoliberal, and r/law
See also Mediagazer
Jonathan Vanian / CNBC:
Reddit reports Q2 revenue up 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques up 51% YoY to 91.2M, and net loss down from $41.1M in Q2 2023 to $10.1M  —  Reddit reported second-quarter results on Tuesday that topped analysts' estimates.  —  Here are the key numbers:
Financial Times:
UK officials say X has been less responsive to removing disinformation than Meta, Google, and TikTok, as Elon Musk launches a series of jibes at Keir Starmer  —  Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
CNBC:
Microsoft says Delta, which said it had to manually reset ~40K PC servers because of CrowdStrike, had “not modernized its IT infrastructure” and refused “help”  —  Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages …
Jessica Lyons / The Register:
CrowdStrike shares a root cause analysis of the July 19 outage, and says it's working with two third-party software security vendors to conduct further review  —  And reveals the small mistake that bricked 8.5M Windows boxes  —  CrowdStrike has hired two outside security firms to review …
Ryan Browne / CNBC:
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 sales, down from 3.3M YoY  —  Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
The Verge:
US v. Google: Eddy Cue said there's no price Microsoft could offer to make Bing Safari's default search engine, stating “they offered to give us Bing for free”  —  Finally, a legal ruling on whether TikTok is a real search engine.  (It's not.)
Michelle Pokrass / OpenAI:
OpenAI unveils Structure Outputs in the API, a feature to ensure model-generated outputs match JSON Schemas, and lower pricing for a new version of GPT-4o  —  We are introducing Structured Outputs in the API—model outputs now reliably adhere to developer-supplied JSON Schemas.
Natalie Lung / Bloomberg:
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB drops 14%+  —  - Forecasts for sales and nights booked miss analyst estimates  — Shorter booking lead times and slower US demand dampened gains
Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B and a $47M streaming business operating profit, up from a $512M loss in Q3 2023, and revenue up 15% YoY to $6.4B  —  Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Chris Welch / The Verge:
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24  —  Google isn't waiting for its upcoming hardware event to announce the Chromecast's successor.  Alongside the new, sleeker Nest Thermostat …
Abner Li / 9to5Google:
Google says the Chromecast with Google TV 4K and HD will remain on sale until stock runs out, as the company stops making the Chromecast, first launched in 2013
Jennifer Pattison Tuohy / The Verge:
Google unveils Gemini-based features for Google Home, coming later in 2024: descriptive captions for Nest camera videos, a smarter Assistant for Nest, and more
Ben Jiang / South China Morning Post:
A profile of Yang Zhilin, the founder and CEO of China's highest-valued AI unicorn Moonshot, who studied at Carnegie Mellon University and worked at Huawei  —  - Big bets made by Alibaba, Tencent and other investors on Yang Zhilin's leadership have boosted Moonshot AI's valuation to US$3.3 billion

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From Mediagazer

Sara Fischer / Axios:
Disney study: the Toy Story franchise has driven $16B in total revenue for the company over 30 years; nearly half of the revenue was generated domestically

Jake Kanter / Deadline:
Sources: new Doctor Who episodes are likely to remain off TV until at least 2028; the BBC says it will use a competitive process to find producers for Season 16

Sarah Rumpf / Mediaite:
The Washington Post faces a proposed class action lawsuit that claims the company covertly used surveillance pricing to charge loyal subscribers higher rates

More News

Annie Palmer / CNBC:
Supermicro shares dropped ~10% after the company reported $5.31B in Q4 revenue, below est., earnings below est., and announces a 10-for-1 stock split
Fei-Fei Li / Fortune:
California's AI safety bill will harm developers, open-source development, the public sector, and academia, while failing to address the potential harms of AI

Earlier Picks

Ryan Smith / AnandTech:
Intel says its Foundry's lead products on Intel 18A are booting and expects the first external customer chip design tape out in H1 2025
Doug Bock Clark / ProPublica:
A researcher finds another flaw in Georgia's voter registration cancellation portal, which has had bugs that made submitting requests for any Georgian trivial
Jason Koebler / 404 Media:
Behind the YouTube influencers, WhatsApp and Telegram groups, and services like FewFeed fueling Facebook's problem of creators profiting from viral “AI slop”
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+
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