Techmeme
February 3, 2022, 9:33 AM

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.
Stephanie Condon / ZDNet:
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and says Google “faces a different set of restrictions from Apple”  —  Meanwhile, the company accused Apple of favoring Google over app-based platforms like Facebook with its privacy policies
Bloomberg:
Meta opens down 24%+, cutting $200B+ from its market value, the biggest loss of market value in single day for a US company, after weak Q4 results  —  Facebook parent Meta Platforms Inc. is set to shed about $200 billion in market value, in what would be one of the biggest …
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  —  Facebook parent Meta's stock nosedives in after-hour trading as the company refocuses on the metaverse.  —  Facebook parent Meta's quarterly earnings report …
Janko Roettgers / Protocol:
Catalin Cimpanu / The Record:
Blockchain bridge Wormhole confirms a hacker stole $322M worth of ETH and moves its site into maintenance mode; Wormhole is offering a $10M “bug bounty”  —  A threat actor has abused a vulnerability in the Wormhole cryptocurrency platform to steal an estimated $322 million worth of Ether currency.
Los Angeles Times:
Sources: in a Spotify staff meeting, CEO Daniel Ek said the company sees itself as a platform for, not a publisher of, Joe Rogan's podcast  —  Spotify CEO Daniel Ek told employees Wednesday morning that the streaming service doesn't closely supervise controversial podcast host Joe Rogan …
J. Clara Chan / The Hollywood Reporter:
Sam Byford / The Verge:
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, ahead of the Wii's 101.63M  —  A good holiday quarter, but Nintendo cut its forecast  —  The Nintendo Switch had a relatively strong holiday quarter, with 10.67 million units shipped between October …
Ax Sharma / BleepingComputer:
KP Snacks, a major British snack producer, has been hit by the Conti ransomware, impacting supplies of Skips, Hula Hoops, McCoy's, and others to supermarkets  —  KP Snacks, a major producer of popular British snacks has been hit by the Conti ransomware group affecting distribution to leading supermarkets.
Arif Bacchus / OnMSFT.com:
Report: Microsoft scrapped plans for a HoloLens 3 in 2021, shifting instead to a mixed reality device with Samsung and leaving the HoloLens team “inflamed”  —  Microsoft turned heads when it first introduced HoloLens, and it even launched a second generation of the mixed reality headset …
Saritha Rai / Bloomberg:
Counterpoint: Apple sold 2.3M iPhones in India during Q4, up 34% YoY, netting ~$2.09B revenue; Xiaomi sold 9.3M, up 2% YoY, and Samsung sold 7.2M, down 8% YoY  —  Apple Inc. had its strongest quarter for iPhone sales in India yet, a sign the Cupertino, Calif.-based company is finally making progress …
Michael Smith / Bloomberg:
Ahead of expected icy weather, Riot Blockchain, the largest Bitcoin mining company in Texas, reduces power consumption by 98% at its Whinstone facility  —  Crypto miner Riot Blockchain Inc. shut down most of its huge Bitcoin-making operation in Texas to conserve electricity as a wave of cold …
Mike Butcher / TechCrunch:
France-based Snapshift, a service for managing frontline workers, raises a $45M Series A led by Highland Europe and says it has over 6,000 customers  —  With the so-called “Great resignation” many frontline workers (nurses, truck drivers etc) are re-assessing their lives in the wake of the pandemic …
More: FinSMEs

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:
ProTips: 5 data migration pointers for a help desk switch  —  This is a guest post by Help Desk Migration.  Switching to a new help desk system can be daunting.  Perhaps you know it's good and necessary, but you keep postponing it to the next Monday.
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:
(Portfolio Profile) Stashpad
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 9:33 AM ET, February 3, 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

Catalin Cimpanu / The Record:
Andy Greenberg / Wired:
James Vincent / The Verge: