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August 7, 2024, 2:35 PM
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Top News

Financial Times:
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer  —  Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B and its streaming business turned a profit, a first, with a $47M operating income, vs. a $512M loss in Q3 2023  —  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.
Natalie Lung / Bloomberg:
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% to $4.02B, vs. $4.07B est., and projects Q3 Gross Bookings below estimates; LYFT drops 12%+  —  - Outlook miss threatens to overshadow progress to grow margins  — Rideshare company posts quarterly profit for first time
Etan Vlessing / The Hollywood Reporter:
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website  —  The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker …
Tom Warren / The Verge:
AMD says its flagship Ryzen 9 9950X with 16 cores will launch on August 15 for $649, or $50 less than the Ryzen 9 7950X, and 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.
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 units sold, down 27% YoY  —  Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
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.”
Max A. Cherney / Reuters:
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal  —  For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.
Jessica Lyons / The Register:
CrowdStrike shares a root cause analysis of the July 19 outage, and says it hired two third-party security firms to review its Falcon threat-detection suite  —  And reveals the small mistake that bricked 8.5M Windows boxes  —  CrowdStrike has hired two outside security firms to review …
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”
Lauren Forristal / TechCrunch:
Reddit says it plans to test AI-powered search result pages to “summarize and recommend content” later in 2024, powered by first-party and third-party tech  —  Reddit users will soon see AI-generated summaries at the top of search results.  —  Reddit CFO Drew Vollero told investors during …
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 75% YoY to $10.1M; RDDT drops 5%+
Natalie Lung / Bloomberg:
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above est., Nights and Experiences Booked up 9% YoY to 125.1M, and Q3 guidance below est.; ABNB drops 13%+

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:35 PM ET, August 7, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Dade Hayes / Deadline:
The NAB's CEO says the FCC's “nearly unprecedented request” for Disney to reapply for TV licenses is contrary to established principles and creates uncertainty

Wall Street Journal:
Sources: Amazon executives, including MGM Studios head Mike Hopkins, have discussed rebooting The Apprentice for Prime Video, with Donald Trump Jr. as the host

Caitlin Huston / The Hollywood Reporter:
Antenna: Roku's $2.99-per-month streamer Howdy hits 1M subscribers, after adding 300K subscribers in its first month and 100K+ every subsequent month

More News

Earlier Picks

Annie Palmer / CNBC:
Supermicro shares drop 17%+ after the company reported Q4 earnings below analyst expectations and announced a 10-for-1 stock split
Michelle Pokrass / OpenAI:
OpenAI adds Structure Outputs, a feature to ensure model-generated outputs match JSON Schemas, to its API and offers lower pricing for new GPT-4o model versions
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
The Verge:
US v. Google: Eddy Cue said there's no price Microsoft could offer to change Safari's default search engine to Bing, stating Microsoft offered “Bing for free”
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”
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