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February 3, 2022, 9:33 AM
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| 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.
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Tweets: @nikitabier, @talbm2010, @buccocapital, @mikeisaac, @firstadopter, @profgalloway, @caseynewton, @gregmfitz, @ferrotv, @sarahfrier, @michaelbatnick, @mikeisaac, @caseynewton, @benbn, @davetroy, @kurtwagner8, @nikitabier, @kurtwagner8, @mikeisaac, @rustybrick, @dougboneparth, @mikeisaac, @nikitabier, @hotlinejosh, @kurtwagner8, @jeffnolan, @kurtwagner8, @kantrowitz, @amy_siskind, @benbn, @swodinsky, @asharma, @buccocapital, @gassee, @joannastern, @kantrowitz, @kurtwagner8, @anthony, @shannonpareil, @munster_gene, @qwongsj, @gunjanjs, @rachelmetz, @ceciliakang, @htsfhickey, @emilydreyfuss, @buccocapital, @azeem, @alexeheath, and @kantrowitz
| 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
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CNBC, PhoneArena, Financial Times, CNN, Neowin, iPhone Hacks, iThinkDifferent, Philip Elmer‑DeWitt, diginomica, WRAL TechWire, and The Economic Times
| 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 …
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Wall Street Journal, Bloomberg, The Guardian, The Economic Times, MarketWatch, CNBC, Bloomberg, Philip Elmer‑DeWitt, Insider, Fortune, Bloomberg, Reuters, Financial Times, and MarketWatch. Tweets: @davidzmorris
| 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.
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Associated Press, Finbold, Protocol, BeInCrypto, TechSpot, Yahoo News, Ubergizmo, The Hill, CryptoPotato, GSMArena.com, ВІС …, Mobile Dev Memo, PhoneArena, Input, UploadVR, and VentureBeat
| 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: |
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UploadVR, GamesIndustry.biz, news.com.au, PYMNTS.com, The Register, The Information, and iTnews
Tweets: @stevekovach, @levynews, @luke_metro, @mikeisaac, and @sivavaid
| 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.
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Elliptic Blog, CNBC, Bloomberg, Security Affairs, CyberScoop, CoinDesk, Reuters, Decrypt, TechCrunch, CryptoPotato, VICE, Crypto Daily, PC Gamer, ZDNet, Crypto Briefing, Benzinga, and Mashable
Tweets: @wormholecrypto, @kelvinfichter, @wormholecrypto, @hexcowboy, @ivanthek, @markgongloff, @campuscodi, @kelvinfichter, @sbyrnes, @caseynewton, @silvermanjacob, @pt, @silvermanjacob, @gossithedog, @mattbinder, @crypto, @silvermanjacob, @carsonturner, @austin_federa, @david_jolly_dc, @markjeffrey, @joshuatopolsky, @dogetoshi, and @coindesk
| 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 …
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The Verge, TNW, Insider, WRAL TechWire, BBC, Bloomberg, Bloomberg, Financial Times, and PYMNTS.com
| J. Clara Chan / The Hollywood Reporter: |
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| 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 …
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Nintendo, Video Games Chronicle, Bloomberg, PCMag, Club386, Engadget, Android Authority, Game Developer, Nintendo, TechSpot, iPhone in Canada Blog, CNBC, VentureBeat, and VentureBeat
Tweets: @pelstrom and @6d6f636869
| 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.
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betterRetailing, The Guardian, BetaNews, The i Paper, BBC, Bloomberg, Graham Cluley, SecurityWeek, Telegraph, Sky News, and Threatpost
Tweets: @iblametom, @jimwaterson, and @gossithedog
| 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 …
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Insider. More:
XDA Developers, TechRadar, MSPoweruser, Engadget, Ubergizmo, and PCWorld
Tweets: @jayshams, @julie188, @andrew_lusk, @tasslehoff, and @ashannstew
| Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to access iPhones in 2021; ForcedEntry was also used by NSO Group — A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused … | Lucas Matney / TechCrunch: |
Pixel Vault, a decentralized entertainment startup focused on an NFT collection of superheroes, raises $100M from 01 Advisors and Velvet Sea Ventures — The world of NFTs is bizarre, confounding and exhilarating. Detractors see a space full of capital-obsessed hucksters who want to choke …
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GlobeNewswire News Room and Coinspeaker
| 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 …
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Counterpoint Research. More:
9to5Mac, TechCircle, Android Central, and Patently Apple
Tweets: @bloombergquint, @tarunpathak, @tarunpathak, and @neiltwitz
| Financial Times: |
Sources: Yuga Labs, the startup behind Bored Ape Yacht Club NFTs, is in talks to raise funds from a16z at a $4B-$5B valuation, its first outside funding — NFTs pioneer Yuga Labs seeks $4bn-$5bn valuation from Silicon Valley investor — The start-up behind Bored Ape Yacht Club … | Adi Robertson / The Verge: |
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers — It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
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Reuters, Decrypt, The Economic Times, The Block, Blockworks, VentureBeat, CoinDesk, Gamestop Corp., GameSpot, and Waivly
| Ben Egliston / Wired: |
Game companies are increasingly using big gameplay data sets to gain insight into what players like, how they play, what they'll likely spend money on, and more — Players generate a wealth of revealing psychological data—and some companies are soaking it up. … APPLICATION — COMPANY
Tweets: @wired and @adam_k_levin
| Ingrid Lunden / TechCrunch: |
Sweden-based Annotell, which helps assess the performance of autonomous systems' perception, raises a $24M Series A led by Metaplanet and NordicNinja — As the automotive industry inches slowly ahead on the road to self-driving vehicles, we're seeing the emergence of startups aiming to fill …
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VentureBeat, Tech.eu, and NordicNinja VC
| Ingrid Lunden / TechCrunch: |
Germany-based Flip, a chat app for frontline workers, raises $30M led by Notion Ventures and HV Capital and says it has 1M users across 200 organizations — More than 80% of the world's workforce, some 2.7 billion people, do not spend their days in front of computers, and that has led … | 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 …
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