Techmeme
February 2, 2022, 6:25 PM

Top News

Lauren Feiner / CNBC:
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, but misses with EPS $3.67 vs. $3.84; stock down 15%+ on a weak forecast  —  - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
Meta:
Meta reports Family of Apps revenue of $32.8B and will change its ticker symbol from FB to META in H1 2022; Reality Labs lost $10.2B in 2021 on $877M revenue  —  Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
Andy Greenberg / Wired:
A profile of US hacker P4x, who says he is responsible for ongoing North Korean internet outages and frustrated by the US' lack of response to DPRK attacks  —  Disappointed with the lack of US response to the Hermit Kingdom's attacks against US security researchers, one hacker took matters into his own hands.
Jon Porter / The Verge:
Elon Musk announces $500/month Starlink Premium, claiming 150Mbps-500Mbps download speeds, up from 50Mbps-250Mbps, and doubling upload speeds to 20Mbps-40Mbps  —  The new antenna carries an upfront cost of $2500  —  SpaceX's satellite internet service Starlink is getting a pricey new high-performance tier called Starlink Premium.
Stephanie Bodoni / Bloomberg:
Belgium's data watchdog fines IAB Europe €250K after finding its ad-targeting tool violates GDPR, and orders a “series of remedies” within two months  —  IAB Europe, an association for online advertising companies, was fined 250,000 euros ($282,690) and handed an ultimatum …
Nathan Grayson / Washington Post:
Sharon Pruitt-Young / NPR:
The FBI warns athletes attending the 2022 Winter Olympics and Paralympics in China to take burner phones and says the official MY2022 app poses a security risk  —  Athletes on their way to the 2022 Winter Olympics have a new item to add to their packing list: a burner phone.
James Vincent / The Verge:
DeepMind details AlphaCode, a new AI coding engine that it says “writes computer programs at a competitive level”  —  AlphaCode is good, but not great — not yet  —  DeepMind has created an AI system named AlphaCode that it says “writes computer programs at a competitive level.”
J. Clara Chan / The Hollywood Reporter:
Spotify reports Q4 revenue of $3.04B, up 24% YoY , MAUs of 406M, up 18% YoY, and Ad-Supported revenue of $445M, a record 15% of total revenue  —  The audio giant reported earnings as a growing list of musicians and podcasters leave the platform over its handling of misinformation on Joe Rogan's podcast.
Wall Street Journal:
A look at the injuries users sustain while gaming with their VR headsets, which commonly come with safety tips like clearing out furniture and staying seated  —  Tally includes broken vases, dislocated shoulders, injured girlfriends; 'Why don't you go to the gym like a normal person?'
Yogita Khatri / The Block:
Dune Analytics, which makes crypto data charts and dashboards, raises a $69.420M Series B at a $1B valuation led by Coatue, bringing its total funding to $80M  —  Quick Take  — Dune Analytics has hit a valuation of $1 billion with its Series B round.  — Dune has big plans in place …
Jordan Novet / CNBC:
Alphabet says its board has approved a 20-for-1 stock split, slated for July 15 with shareholder approval on July 1; Google last split its stock in April 2014  —  - Before the Alphabet rebrand in 2015, Google effectively split its stock with the introduction of a third class of shares.
Nathan Ingraham / Engadget:
Sam Byford / The Verge:
Sony reports Q3 gaming revenue fell 8% YoY to ~$7.09B, operating profit rose 12.1% YoY to ~$810M; Sony shipped 3.9M PS5 consoles, bringing the total to 17.3M  —  The PS4 had sold more at this point  —  Sony shipped just 3.9 million PlayStation 5 consoles in its all-important holiday quarter …
Janko Roettgers / Protocol:
Startups have begun selling and renting out AR spaces tied to real-world addresses, raising questions about who should have the rights to a property's AR layer  —  It's the stuff of nightmares: The other day, I found my property occupied by a stranger, who was renting it out, Airbnb style.
Kif Leswing / CNBC:
Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY  —  - Qualcomm reported first-quarter earnings Wednesday after the bell.  — Qualcomm's chip business grew 35% driven by handset chip sales.
More: ZDNet and Thurrott
Tom Krisher / Associated Press:
NHTSA: Tesla will issue an OTA update for 53,822 cars and SUVs to remove an FSD feature that let vehicles roll through stop signs without coming to a halt  —  DETROIT (AP) — Tesla is recalling nearly 54,000 cars and SUVs because their “Full Self-Driving” software lets them roll through stop signs without coming to a complete halt.
Aditya Kalra / Reuters:
Sources: Indian officials have held tense and heated discussions with Meta, Google, Twitter, ShareChat, and Koo over proactively removing “fake news”  —  Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described …

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Lauren Feiner / CNBC:
Kif Leswing / CNBC:
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