Techmeme
February 3, 2022, 8:30 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.
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.
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
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:
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 …
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.
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 …
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
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

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 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

Catalin Cimpanu / The Record:

Earlier Picks

Andy Greenberg / Wired:
Wall Street Journal:
James Vincent / The Verge:
Stephanie Bodoni / Bloomberg:
Jon Porter / The Verge: