Techmeme
February 2, 2022, 8:30 PM

Top News

Lauren Feiner / CNBC:
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+  —  - Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
Meta:
Meta breaks out Facebook, Instagram, Messenger, and WhatsApp as Family of Apps, with Q4 revenue of $32.8B, up 20% YoY, and will adopt the META ticker in H1 2022  —  Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.
Washington Post:
Meta reports its first-ever sequential decline in global Facebook daily active users, falling from 1.930B to 1.929B QoQ  —  The slowing growth is taking place as the company pushes into the metaverse and hardware.  —  Facebook parent Meta's quarterly earnings report on Wednesday revealed …
Anna Edgerton / Bloomberg:
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.
Catalin Cimpanu / The Record:
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ether, and has moved its site into maintenance mode  —  A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
Catalin Cimpanu / The Record:
GitHub, which owns the npm JavaScript package manager, enrolls the maintainers of npm's 100 most popular libraries into mandatory two-factor authentication  —  The administrators of the Node Package Manager (npm), the largest package repository of the JavaScript ecosystem …
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 …
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.”
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.
J. Clara Chan / The Hollywood Reporter:
Spotify reports Q4 revenue of €2.69B, up 24% YoY, 406M MAUs, up 18% YoY, and ad-supported revenue of €394M, up 40% YoY and 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.
Ben Thompson / Stratechery:
How the acquisitions of Zynga by Take-Two, Activision Blizzard by Microsoft, and Bungie by Sony reveal an industry evolution that extends far beyond gaming  —  Another week, another gaming acquisition.  First Take-Two acquired Zynga, then Microsoft acquired Activision-Blizzard …
Nathan Grayson / Washington Post:
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 …
Wall Street Journal:
The US Commerce Department is finalizing rules for apps deemed to be national security risks, like TikTok, including mandatory third-party audits and monitoring  —  Commerce Department proposes rule to widen restrictions on Chinese apps; Sen. Marco Rubio says administration is taking timid steps on data security
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 …
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
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.

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Zoho:
Dataholics: The solution to bad data in CRM systems  —  This is a guest post by Dataholics.  Bad data in a CRM system can cause all sorts of problems for businesses, from decreased efficiency to lost sales opportunities.
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Techmeme Leaderboards:
Find the top reporters on AI, NFTs, VR, AR, VC and much more  —  We've analyzed Techmeme's news crawl data to identify the most influential writers on 46 topics.  Download reports immediately for just $100.  No sub needed!
Techmeme Ride Home:
Tue. 08/16 - Was The Twilio Breach A Route Into Signal?
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 8:30 PM ET, February 2, 2022.

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

Aditya Kalra / Reuters:
Tom Krisher / Associated Press: