Techmeme
February 3, 2021, 10:30 AM

Top News

Jeff Bezos / About Amazon:
In letter to employees, Bezos says his transition is not a retirement and he'll use his time to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, and WaPo  —  Fellow Amazonians:  —  I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO.
Amazon Investor Relations:
Amazon reports Q4 net sales of $125.6B, up 44% YoY, net income of $7.2B, up from $3.3B YoY, with full year net sales increasing to $386.1B, up 38% YoY  —  Founder and CEO Jeff Bezos will transition to role of Executive Chair in Q3, Andy Jassy to become Chief Executive Officer of Amazon at that time
Todd Haselton / CNBC:
Amazon says Jeff Bezos will step down as CEO and transition to the role of Executive Chair in Q3; AWS CEO Andy Jassy will become the CEO of Amazon at that time  —  Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year.
CNBC:
Profile of AWS' CEO and Amazon's next CEO, Andy Jassy, whose success has been built on attracting a variety of customers to AWS, ranging from the CIA to Apple  —  - Amazon said on Tuesday that Andy Jassy, who runs the cloud unit, will succeed Jeff Bezos as CEO of the parent company in the third quarter.
Bloomberg:
Report: Apple plans $3.6B investment in Kia, with a deal on Feb. 17, and aims to start making cars in Georgia, US in 2024, with initial target of 100K cars/year  —  - Local media report says deal may be signed later this month  — Hyundai last month confirmed then backed away from Apple talks
Alphabet:
Alphabet Q4: revenue of $56.90B, up 23% YoY, Google Cloud revenue of $3.83B, up from $2.6B, and YouTube ads revenue of $6.89B, up from $4.7B; stock jumps 5%+  —  MOUNTAIN VIEW, Calif. - February 2, 2021 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2020.
Reuters:
Sources: Chinese hackers are thought to have hacked a payroll agency inside the US Dept. of Agriculture in 2020 by exploiting another bug in SolarWinds software  —  WASHINGTON (Reuters) - Suspected Chinese hackers exploited a flaw in software made by SolarWinds Corp to help break …
Kris Holt / Engadget:
Facebook rolls out Messenger for Oculus Quest, as well as App Lab, letting developers distribute apps outside the Oculus Store without needing to sideload  —  Facebook is continuing to stitch its services more closely together — it's now rolling out Messenger on Oculus.
Ian Hamilton / UploadVR:
Jesse Pound / CNBC:
GameStop's shares closed at $90, down from a peak of $483 last week, as other Reddit-fueled stock trades like AMC suffer similar reversals  —  - Shares of GameStop skidded further before Tuesday's opening bell, with shares of the volatile retail-trader favorite sliding more than 40%, and then extended those losses during market hours.
BuzzFeed News:
Facebook says it will try to protect posts that criticized Myanmar's military and its coup and will remove content that praises or supports the coup  —  After failing to stem the hate speech and misinformation that fueled a genocide in Myanmar, Facebook now says it plans …
Sam Byford / The Verge:
Sony says it shipped 4.5M PlayStation 5 units worldwide in 2020, and reports revenue of $8.4B in Q3, up 40% YoY, operating profit of $763.3M, up 50%  —  A similar figure to the PS4 launch  —  Sony shipped 4.5 million PlayStation 5 units worldwide in 2020, as revealed by information published alongside …
Anne Steele / Wall Street Journal:
Spotify reports Q4 results: 345M MAUs, up 27% YoY, as paying subscribers grew to 155M, up 24% YoY, topping expectations; revenue was up 17% YoY to €2.17B  —  But streaming giant offers conservative outlook for the current year as new sign-ups could ebb
Matthew Ball / MatthewBall.vc:
Apple's iOS is inhibiting the growth of the future internet but regulators can remedy that by forcing Apple into competition in app distribution and payments  —  Chapter One: The Creation of Today's Internet and the Needs of Tomorrow's  —  One of the neat things about the internet is who created it, why, and how.
Jill Lepore / New Yorker:
Nations are engaging in a cyberweapons arms race, with agencies like the NSA prioritizing offensive capabilities over defense, fueling a lucrative 0-day market  —  Amid a global gold rush for digital weapons, the infrastructure of our daily lives has never been more vulnerable.
Kyle Wiggers / VentureBeat:
Granulate, which develops tools to optimize computing infrastructure with AI, raises $30M Series B, bringing its total raised to $45M  —  Granulate, a startup developing a platform that optimizes computing infrastructure, today announced it has raised $30 million, bringing its total raised to $45 million.
Kyle Wiggers / VentureBeat:
Deepgram, which builds custom speech recognition models, raises $25M Series B led by Tiger Global, bringing its total raised to $30M+  —  Deepgram, a Y Combinator graduate building custom speech recognition models, today announced that it raised $25 million in series B funding led by Tiger Global.

Sponsor Posts

Opal:
Introducing Tadpole: the tiny webcam for laptops  —  With a mirrorless Sony sensor, directional microphone, and tap-to-mute feature, the Tadpole works with both Mac and PC and is the perfect webcam to take with you everywhere.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Cache:
Holding too much in one or two stocks?  —  Cache helps protect your hard-earned wealth.  Swap your stocks for a diversified fund without a giant tax bill.  Once for the ultra-wealthy, now available for you.
Zoho:
Introducing Zoho Apptics: The all-in-one application analytics solution  —  Today's hyper-connected world runs on the internet, where mobile apps dominate the majority of screen time.
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
The Logan Bartlett Show:
EP 108: Olivier Pomel (CEO, Datadog) Shares Every Lesson From Scaling to $40B
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Fri. 06/14 - Now Microsoft Delays Recall
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:30 AM ET, February 3, 2021.

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.

More News

Earlier Picks

Jay Greene / Washington Post:
Ron Amadeo / Ars Technica:
Ashley Carman / The Verge:
Elizabeth Culliford / Reuters: