Techmeme
July 29, 2021, 12:00 PM

Top News

Facebook:
Facebook reports Q2 revenue of $29.08B, up 56% YoY, MAUs of 2.9B, up 7% YoY, headcount of 63,404, up 21% YoY; stock down ~3% on warning of revenue slowdown  —  “We had a strong quarter as we continue to help businesses grow and people stay connected,” said Mark Zuckerberg, Facebook founder and CEO.
Karissa Bell / Engadget:
Mark Zuckerberg says video now accounts for almost half the time spent on Facebook, and that Reels is the “largest contributor to engagement growth”  —  He wants Facebook to become a ‘metaverse company.’  —  Facebook users are spending a lot more time watching video …
Stephanie Condon / ZDNet:
Reuters:
Robinhood raises $2.1B in its IPO after selling 55M shares at the low end of its $38 to $42 range, giving it a valuation of $31.8B  —  Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's “meme' stock trading frenzy …
Ryne Hager / Android Police:
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1  —  Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements …
Jing Yang / Wall Street Journal:
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO  —  Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
Wall Street Journal:
Google says anyone coming to work at its campuses must be vaccinated, starting in the US, and will delay the return to offices from September until mid-October  —  Google delays planned return to offices until mid-October as U.S. companies take new precautions against Delta variant's spread
Mary Ann Azevedo / TechCrunch:
Mark Gurman / Bloomberg:
Karen Hao / MIT Technology Review:
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation  —  Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
Makena Kelly / The Verge:
Senate reaches a deal on an infrastructure plan including $65B for broadband investments, $35B less than Biden's original plan; final vote still yet to happen  —  That's less than the original $100 billion plan  —  On Wednesday, bipartisan Senate negotiators reached a deal on an infrastructure package after weeks of tense discussion.
Tiernan Ray / ZDNet:
OpenAI introduces Triton 1.0, an open-source programming language for writing GPU code for neural networks, and claims it is easier to write than Nvidia's CUDA  —  SEO: Python-like language promises to be easier to write than native CUDA and specialized GPU code but has performance comparable …
Source: OpenAI and GitHub
Steven Musil / CNET:
Samsung Q2: profit of $10.8B, up 54% YoY, on $55.2B revenue; its chips business accounted for nearly half the profit; mobile division revenue declined QoQ  —  Samsung's operating profit showed strong growth in the second quarter, thanks to higher-than-expected chip prices and continued consumer demand …
Eric Newcomer / Newcomer:
Profile of Bessemer Venture Partners, an early investor in Twilio and Shopify, as its competition with Andreessen Horowitz, Tiger Global, and SoftBank ramps up  —  Bessemer Venture Partners is a thoughtful firm in a world of loose money.  —  4 hr ago  —  In 2009, Ethan Kurzweil …
Patrick Klepek / VICE:
Activision Blizzard staffers stage a walkout, demanding fairer treatment for underrepresented staff and an end to arbitration clauses in staff contracts  —  “This is the beginning of an enduring movement in favor of better labor conditions for all employees.”  —  Patrick Klepek
Patrick Howell O'Neill / MIT Technology Review:
NSO Group confirms that Israeli government officials opened an investigation and visited NSO's Tel Aviv office on Wednesday to assess Pegasus abuse allegations  —  ‘We want them to check everything,’ says CEO of cybersecurity company implicated in campaigns against politicians, activists and other notable figures.
Jon Porter / The Verge:
Huawei announces P50 and P50 Pro, its first flagship phones with HarmonyOS, in China; Huawei executive says the phones lack 5G support due to US sanctions  —  Google's apps and services continue to be absent  —  Huawei has announced its latest flagship phones for the Chinese market, the P50 and P50 Pro.
Mary Ann Azevedo / TechCrunch:
La Haus, an online real estate marketplace operating in Mexico and Colombia, raises a $100M extension to its $35M Series B, bringing its total raised to $158M  —  La Haus, which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding …
Tweets: @bayareawriter
Alexandra Marvar / The Verge:
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm  —  Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.

Sponsor Posts

Google Workspace:
See how it's done with Google Workspace  —  Whether you're a team of 10 or 10,000, Google Workspace has all the tools you need to connect, create and collaborate.
Tribe AI:
“Tribe AI got more done in 4 weeks than our in-house team did in a year.”  —  See why Tribe is a different kind of machine learning consultancy, built for speed, results, and impact.
Zoho:
7 ways to increase your remote team's productivity  —  While employees work remotely, many factors including lack of communication, non-collaborative work environment, and other distractions can hinder your employee's productivity.
Mixing Board:
Build your Communications Dream Team  —  Mixing Board's community of 100+ top comms and marketing leaders can help with your story and strategy.
Modern Finance Podcast:
Modern Portfolio Construction (crypto+stocks) with Chris Hutchins
Kevin Rose covers all things cryptocurrency, DeFi, NFTs, stock picks, and more.
Subscribe via Apple Podcasts, Spotify, or RSS.
Techmeme Ride Home:
Thu. 09/16 - Ok, The iPhone Chips ARE (Slightly) Faster
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 12:00 PM ET, July 29, 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

Jordan Fabian / Bloomberg:

Earlier Picks

Kif Leswing / CNBC: