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August 7, 2024, 10:40 AM
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memeorandum
WeSmirchTop News
| 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 … | Emma Roth / The Verge: |
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.| 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| Tom Warren / The Verge: |
AMD says its flagship Ryzen 9 9950X with 16 cores will cost $649, or $50 less than the Ryzen 9 7950X, and launches August 15; other new CPUs are $20-$50 cheaper — AMD has finally revealed the launch prices for its new range of Ryzen 9000 desktop CPUs, and it's pricing them slightly lower than the Ryzen 7000 launch prices.
More: HotHardware, Club386, Forbes, XDA Developers, TechRadar, Windows 11 Forum, PC Gamer, OC3D, PCWorld, Wccftech, and Guru3D
| 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 … | Lauren Forristal / TechCrunch: |
Reddit says it plans to test AI-powered search result pages later in 2024, using a combination of first-party and third-party tech to power the feature — Reddit users will soon see AI-generated summaries at the top of search results. — Reddit CFO Drew Vollero told investors during …
More: Engadget, The Verge, Reddit, Inc., PhoneArena, and Android Headlines
| 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:
More: Social Media Today, AdExchanger, MarketWatch, Reuters, The Information, Investor's Business Daily, Reuters, and Bloomberg
Threads: @jonathan_vanian_1. X: @tidefallcapital, @glenngabe, and @tidefallcapital. Forums: r/wallstreetbets
| 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.
More: Neowin, AIM, Simon Willison's Weblog, The Decoder, Developer Tech News, WinBuzzer, SiliconANGLE, Maginative, and VentureBeat
Threads: @ericflo. X: @openaidevs, @romainhuet, @altryne, @simonw, @michpokrass, @emollick, @swyx, @deedydas, @tobi, @simonw, @simonw, @jxnlco, @simonw, and @sama
LinkedIn: David Zhang, Shyamal Hitesh Anadkat, and Morten Rand-Hendriksen
Forums: Hacker News, r/singularity, r/LocalLLaMA, and Lobsters
| 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 …
More: CrowdStrike, The Independent, The Verge, WinBuzzer, The Hacker News, Runtime, The Cyber Express, SecurityWeek, and CRN
Mastodon: @gregeganSF@mathstodon.xyz. X: @iavins, @zoidctf, @taliaringer, @arekfurt, @rohan_devarc, @grady_booch, @crowdstrike, @uk_daniel_card, @tianyin_xu, @202accepted, @arekfurt, @arekfurt, @puponsecurity, @royvanrijn, @chrisalbon, and @erratarob. LinkedIn: Jon Robertson. Forums: Lobsters
| CNBC: |
More: The Verge, Barron's Online, PCMag, CNN, Beyond Search, The Register, WinBuzzer, Associated Press, TechRadar, TweakTown, Business Today, Cyber Daily, Benzinga, Skift, NBC News, Mashable, CIO Dive, Axios, Windows Central, Neowin, Reuters, DatacenterDynamics, Bloomberg, Newser, and The Stack
Threads: @bdsams. X: @david_slotnick, @sysadafterdark, @andrewjmcclure, @tomwarren, @film_girl, @kpottermn, and @paulrobichaux. LinkedIn: Patrick Moorhead
Forums: r/technology and r/delta
| 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.)
More: Windows Central, International Business Times, Reuters, Android Headlines, Wccftech, TechCentral.ie, WinBuzzer, iMore, PhoneArena, Mashable, The Mac Observer, 24/7 Wall St., NewsBytes, The Verge, and The Information
Threads: @alexheath. Mastodon: @raineer@frontrange.co. X: @hkanji and @carnage4life. Forums: Hacker News
| Reuters: |
Sweden's EQT plans to buy a majority stake in Swiss cybersecurity and data protection company Acronis, sources say valuing Acronis at $4B, up from $3.5B in 2022 — Sweden's EQT (EQTAB.ST) said on Wednesday it will acquire a majority stake in Swiss cybersecurity and data protection company Acronis.
More: EQT, TechCrunch, EU-Startups, Blocks and Files, and The Register
| Paul Sawers / TechCrunch: |
Automattic launches Write Brief with AI, to help users write and tweak content using text prompts, in beta on Jetpack, after launching an AI assistant in 2023 — Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly.
More: Jetpack and WordPress.com News
| 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: Financial Times, New York Times, Platformer, The Verge, TechCrunch, PCMag, Music Ally, Ars Technica, Rumble, WinBuzzer, BBC, PhoneArena, Proactive, TechSpot, KnowTechie, Pirate Wires, TweakTown, Neowin, SiliconANGLE, The Hollywood Reporter, Android Headlines, Adweek, The Verge, Engadget, Business Insider, MobileSyrup, The Independent, Bloomberg, Wired, Quartz, Reuters, Thurrott, The Information, Financial Times, Digiday, and Ad Age
Threads: @reckless1280, @crumbler, @coloradotravis, @mac_ryan_, @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, @brianroemmele, @tracybeanz, @joshtpm, @joshtpm, @gergelyorosz, @chrispavlovski, @kyliebytes, @billackman, @allahliker, @silvermanjacob, @binarybits, @snazzylabs, @pt, @scottderrickson, @chrispavlovski, @baekdal, @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
| The Information: |
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices — OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze's movie “Her.”| 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 — Shares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations.| Natalie Lung / Bloomberg: |
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% YoY to $4.02B, vs. $4.07B est., and projects $4B-$4.1B in Q3 Gross Bookings, vs. $4.14B est. — - Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time
More: Benzinga, TechCrunch, The Information, Investor's Business Daily, Lyft, Reuters, and Proactive
| Lily Hay Newman / Wired: |
A look at UnDisruptable27, a new project backed by a $700K grant to help fix cybersecurity weaknesses in US water, food, health care, and other vital sectors — As digital threats against US water, food, health care, and other vital sectors loom large, a new project called UnDisruptable27 aims …
Mastodon: @craignewmark@mastodon.social
| Spencer Soper / Bloomberg: |
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 17%+ — - Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections| Sarah Perez / TechCrunch: |
Brian Chesky says Airbnb plans to expand into new products and services, including co-hosting this fall, guest services, and a relaunch of experiences next year — Airbnb CEO Brian Chesky suggested on Tuesday's Q2 earnings call with investors that the company will soon expand into new products and services … | Natalie Lung / Bloomberg: |
More: MarketWatch, Airbnb, Yahoo Finance, CNBC, The Information, Skift, Reuters, PhocusWire, Investor's Business Daily, Proactive, and Barron's Online
X: @garyblack00 and @thetranscript_
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