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July 30, 2021, 8:55 AM
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| Amazon.com, Inc.: |
Amazon reports Q2 revenue of $113.08B vs. $115.2B est., net sales grew 27% YoY, net income of $7.8B, and AWS net sales of $14.8B, up 37% YoY; stock down 5%+ — SEATTLE—(BUSINESS WIRE) July 29, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2021.
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| Jill Goldsmith / Deadline: |
Amazon reports Q2 “other” category revenue, which mostly covers its ad business, of $7.9B, up 83% YoY, and subscription services revenue of $7.9B, up 28% YoY — Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares in late trading.| Maggie Fitzgerald / CNBC: |
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B — - Stock trading app Robinhood fell more than 8% on its first day of trading on the Nasdaq. — Robinhood's opening price was $38 per share.
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New York Times, The Verge, GlobeNewswire News Room, Crunchbase News, CNN, CNBC, Decrypt, Vox, Cointelegraph, Bloomberg, CNN, Wall Street Journal, The Economic Times, PYMNTS.com, Silicon Valley Business …, Reuters, New York Times, Bloomberg, PitchBook, Bitcoin News, Reuters, CNBC, CoinGeek, WRAL TechWire, SiliconANGLE, Yahoo Finance, Protocol, Bloomberg, StreetInsider.com, Fortune, Bloomberg, MarketWatch, Finextra, Crypto Briefing, Crunchbase News, CoinJournal, MarketWatch, Reuters, Forbes, Fast Company, PYMNTS.com, Bloomberg, The Irish Times, Silicon Republic, Coinspeaker, and blockchain.news
Tweets: @chrisbloomstran, @thestalwart, @bgurley, @schuldensuehner, @robinhoodapp, @vladtenev, @katie_roof, @mikeisaac, @cryptowendyo, @eringriffith, @dangillmor, @andrew__reed, @vojtech, @danprimack, @pkedrosky, @nycsouthpaw, @thestalwart, @tradingview, @benpopper, @eringriffith, @danprimack, @levynews, @felixsalmon, @wsbmod, @mylesudland, @zerohedge, @jordannovet, @chrisbloomstran, @felixsalmon, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @chrisbloomstran, @mims, and @cnnbusiness
| Tom Wilson / Reuters: |
Binance says it will wind down futures and derivatives trading in Europe, amid regulatory pressure; users will have 90 days to close from a date specified later — Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe …
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Binance, Decrypt, CoinDesk, The Block, Coinspeaker, cryptodaily.co.uk, Crypto Briefing, and Cointelegraph
| Daniel Estrin / NPR: |
Source: NSO Group has temporarily blocked several government clients globally from using its technology as the company investigates their possible misuse — Israeli spyware company NSO Group has temporarily blocked several government clients around the world from using its technology … | Reuters: |
Sources: SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for investors disclosures over China's crackdown — (Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings … | Jay Peters / The Verge: |
Snap says it resolved an issue that prevented some Snapchat users from logging in and advises users to manually update the app if the issue persists — Snap resolved an issue preventing users from logging in — Snapchat experienced a massive issue Thursday evening, with more than 125,000 users reporting problems on Downdetector.
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inews.co.uk, iPhone in Canada Blog, TechRadar, ABC, Android Authority, 9News, 9to5Mac, and iMore
Tweets: @snapchatsupport and @snapchat
| Stephanie Bodoni / Bloomberg: |
EU fines Amazon a record $888M for violating GDPR data storage rules; Amazon says in a filing that the fine is “without merit” — - Luxembourg watchdog wields new powers with highest data fine — Fine follows probe based on complaint by French privacy group| Nick Statt / Protocol: |
A look at the fallout from the Activision Blizzard suit, as the company confirms it fired WoW lead for misconduct last year and hires “union-busting” law firm — Activision Blizzard is in crisis mode. The World of Warcraft publisher was the subject of a shocking lawsuit filed …
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| Jonathan Greig / ZDNet: |
Researchers detail a never-before-seen attack against Iran's train system and transport ministry from a new threat actor using a reusable wiper called Meteor — SentinelOne analysts were able to recreate the July 9 attack and identify the threat actor behind it.
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SentinelLabs, HackRead, The Record, The Hacker News, BleepingComputer, and SecurityWeek
Tweets: @stick631, @thegrugq, and @campuscodi
| Abner Li / 9to5Google: |
Neuralink, Elon Musk's brain-computer interface company, raises $205M Series C led by Vy Capital, with GV and others participating — In addition to SpaceX and Tesla, Neuralink is another Elon Musk company. Focused on building a brain machine interface, Neuralink today announced … | Kieran Leavitt / Toronto Star: |
Canada proposes the creation of a digital safety commissioner role to oversee violations of new harmful online content rules and issue penalties to platforms — The Liberal government has proposed a vast new system that would be tailored to ensure illegal content, such as child pornography and hate-speech … | Salvador Rodriguez / CNBC: |
Pinterest misses on user growth in Q2, with 454M MAUs vs. 482M est., as revenue beats, with $613M, up 125%+ YoY, vs. $562.1M est.; stock down 20%+ — - The company declined to provide third-quarter guidance on monthly active user due to the unknown impact of Covid-19 variants.
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TechCrunch, TheStreet, Pinterest, Coinspeaker, Barron's Online, Investor's Business Daily, MarketWatch, and Wall Street Journal
Tweets: @chrisbrogan, @alex, @andyswan, @ojrenick, @nrossolillo, @buccocapital, @nrossolillo, @lamonicabuzz, @zguz, @mdtrades12, and @richlightshed. Thanks:@sal19
| Bloomberg: |
China orders 25 tech companies, including Alibaba and Tencent, to do internal inspections to rectify issues from data security to consumer rights protections — - Alibaba, Tencent, Meituan among firms summoned to meetings — MIIT has announced 6-month campaign on the internet sector| Nathaniel Taplin / Wall Street Journal: |
China's crackdown on its tech giants could backfire, leaving Beijing with a seriously damaged consumer sector and slow-growing chip and robotics companies — When a government comes to believe it can snap its fingers and create—or destroy—whole industries at will, things can easily go awry| Edward Ongweso Jr / VICE: |
48 civil rights and advocacy groups ask the FTC to ban corporate facial surveillance technology and continuous corporate surveillance of public space — The open letter uses Amazon as a case study to argue that corporate surveillance technologies cause immense harm and fall under the FTC's authority to ban.| Davey Alba / New York Times: |
A look at the development of an Amazon warehouse in Windsor, CT, where the discovery of multiple nooses on site raises questions about Amazon's responsibilities — The discovery of multiple nooses has set off heated debates about the responsibility of companies and the ability of workers to speak their mind.| Thomas Brewster / Forbes: |
Profile of Israeli surveillance startup Paragon, funded with $5-10M from US-based Battery, which sources say allows police to hack encrypted messaging apps — Paragon Solutions doesn't have a website. There's very little information at all about them online, even if the Tel Aviv-based …
Tweets: @jsrailton, @imdrinknwyn, @matthewmspace, @marwasf, @ncweaver, @imdrinknwyn, @jsrailton, @tenacioustek, @imdrinknwyn, @jsrailton, @nixxin, @chey_cobb, @zackwhittaker, and @iblametom
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