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February 3, 2022, 8:30 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, @patrickmcgee_, @mikeisaac, @gregmfitz, @kurtwagner8, @profgalloway, @caseynewton, @ferrotv, @sarahfrier, @parmy, @michaelbatnick, @gassee, @mikeisaac, @pkedrosky, @joannastern, @caseynewton, @kantrowitz, @kurtwagner8, @benbn, @anthony, @davetroy, @shannonpareil, @swiftstories, @munster_gene, @qwongsj, @kurtwagner8, @nikitabier, @gunjanjs, @rachelmetz, @ceciliakang, @kurtwagner8, @mikeisaac, @rustybrick, @dougboneparth, @mikeisaac, @nikitabier, @hotlinejosh, @htsfhickey, @emilydreyfuss, @kurtwagner8, @mikeisaac, @buccocapital, @jeffnolan, @kurtwagner8, @azeem, @alexeheath, @kantrowitz, @amy_siskind, @benbn, @swodinsky, @kantrowitz, @asharma, and @buccocapital
| 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, TechSpot, Yahoo News, Ubergizmo, The Hill, CryptoPotato, GSMArena.com, Input, ВІС …, Mobile Dev Memo, PhoneArena, VentureBeat, and UploadVR
| 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, iPhone Hacks, iThinkDifferent, Philip Elmer‑DeWitt, diginomica, WRAL TechWire, and The Economic Times
| 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 …
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The Verge, Forbes, XDA Developers, Meta, Moneycontrol, International Business Times, The Week, Social Media Today, Android Headlines, Quartz, Android Authority, and Silicon Valley Business …
Tweets: @gerritd, @golikehellmachi, @hotlinejosh, @rjcc, @willoremus, @alexeheath, @loukas_rs, @stevenlevy, @wongmjane, @jason_kint, @fabiochiusi, @s8mb, @jason_kint, @lizzadwoskin, @jsphctrl, and @raguileramx
| Bloomberg: |
Meta stock slumps as much as 22% in premarket trading, cutting $200B from its market value, one of the worst one-day drops on record, 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 … | Janko Roettgers / Protocol: |
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UploadVR, GamesIndustry.biz, news.com.au, The Register, The Information, PYMNTS.com, Livemint, iTnews, SiliconANGLE, and Blockworks
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, Bloomberg, CNBC, Reuters, CoinDesk, TechCrunch, Decrypt, CryptoPotato, Crypto Daily, PC Gamer, Ethereum World News, Crypto Briefing, ZDNet, Benzinga, and Mashable
Tweets: @wormholecrypto, @kelvinfichter, @wormholecrypto, @hexcowboy, @ivanthek, @markgongloff, @pt, @campuscodi, @kelvinfichter, @sbyrnes, @caseynewton, @crypto, @silvermanjacob, @silvermanjacob, @carsonturner, @austin_federa, @silvermanjacob, @gossithedog, @david_jolly_dc, @markjeffrey, @joshuatopolsky, @dogetoshi, @mattbinder, 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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WRAL TechWire, Bloomberg, BBC, Bloomberg, Financial Times, and PYMNTS.com
Tweets: @mattdpearce, @jamessurowiecki, @broosemiller, @pt, @karlitaliliana, @jamessurowiecki, @markmilian, @broderick, @can, @shallowbrigade, @mmasnick, @baekdal, and @unvisible_f
| J. Clara Chan / The Hollywood Reporter: |
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Spotify, The Verge, Variety, MarketWatch, Reuters, New York Times, Music Business Worldwide, Ad Age, Yahoo Finance, Reuters, CNBC, and MobileSyrup
Tweets: @thedavidcrosby, @eugene_scott, @anthony, @lucas_shaw, @chriswelch, @ggreenwald, @lucas_shaw, @lucas_shaw, @lucas_shaw, @sarafischer, @chriswelch, and @jclarachan
| 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
| 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:
TechRadar, Engadget, Ubergizmo, XDA Developers, and PCWorld
Tweets: @jayshams, @julie188, @ashannstew, @andrew_lusk, and @tasslehoff
| 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, BetaNews, The i Paper, BBC, The Guardian, Bloomberg, Telegraph, Sky News, and Threatpost
Tweets: @iblametom, @jimwaterson, and @gossithedog
| 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 … | 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 …
Source:
Counterpoint Research. More:
9to5Mac, Android Central, and Patently Apple
Tweets: @tarunpathak, @neiltwitz, @tarunpathak, and @bloombergquint
| 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 … | 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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The Economic Times, Blockworks, The Block, VentureBeat, CoinDesk, Gamestop Corp., and GameSpot
| 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 …
Tweets: @muradahmed
| 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
| Russell Brandom / The Verge: |
How OpenSea became synonymous with the NFT boom, hiding the complexity of ERC-721 transactions for a mass audience; OpenSea made $386M from fees in January 2022 — On a cold day in January, NFTs started disappearing. Major services like MetaMask and Twitter were suddenly unable …
Tweets: @reckless and @russellbrandom
| 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 … | 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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FinSMEs
| Tage Kene-Okafor / TechCrunch: |
UK-based Africa-focused payments startup PalmPay raised a $100M Series A in August 2021, after raising a $40M seed in 2019, and says it has 5M users — Africa-focused payments startup PalmPay raised a $100 million Series A round last year. TechCrunch spotted this news in Partech Africa's latest end … | Brooke Masters / Financial Times: |
A look at efforts to reinvigorate Scotland's “Silicon Glen”, led by Edinburgh, which has the largest concentration of academic AI researchers in Europe — Scottish AI entrepreneurs dream of resurrecting Silicon Glen and making it last — Thirty years ago, Scotland had a burgeoning tech industry.Sponsor Posts
Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
Planned India Data Center Maintenance on 14th and 15th November 2026 from 06.00 AM to 07:00 AM IST for Zoho Payments — Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled …
Planned India Data Center Maintenance on 14th and 15th November 2026 from 06.00 AM to 07:00 AM IST for Zoho Payments — Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.Featured Podcasts
The Upstarts Podcast:
The $1.4B Startup Deciding What You See When You Shop Online | Sequen's Zoë Weil
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
Too soon to call it a vibe shift?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Big Technology Podcast:
Storm Clouds Ahead For Apple?, Debating Amazon's Bee Frontier, AI as UI
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Machine Gods:
Jensen Huang's Nvidiotic Spy Scandal + Can Dems Pass AI Regulation?
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
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Channels with Peter Kafka:
Encore: Chuck Klosterman on Why Football Owns TV (and Why It Won't Forever)
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Invest Like the Best:
Zach Reitano - Building Ro and Why Healthcare Should Be 50% of GDP
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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