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February 3, 2022, 12:20 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Meta opens down 24%+, erasing $200B+ from its market cap, the biggest loss of market value in single day for a US company, after weak Q4 results and Q1 guidance — 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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The Verge, Wall Street Journal, Mercury News, San Francisco Business Journal, The Economic Times, Bloomberg, CNBC, The Guardian, Dexerto, MarketWatch, MarketWatch, Bloomberg, Insider, Philip Elmer‑DeWitt, Bloomberg, and Fortune
Tweets: @r2r, @neilcybart, @jyarow, @carnage4life, @azeem, and @davidzmorris
| Stephanie Condon / ZDNet: |
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and that 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, Ars Technica, Financial Times, Macworld, DCD, Wall Street Journal, Bloomberg, iPhone in Canada Blog, PhoneArena, CNN, Neowin, WRAL TechWire, diginomica, Philip Elmer‑DeWitt, iThinkDifferent, iPhone Hacks, 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, Meta, New York Post, Gizmodo, Protocol, PCMag, Forbes, XDA Developers, Moneycontrol, Newser, The Overspill, and The Week
| Parmy Olson / Bloomberg: |
Meta and Alphabet are the least diversified of the tech giants, relying on ads for 98% and 81% of revenue, respectively, a long-neglected vulnerability — Alphabet Inc. and Meta Platforms Inc., the world's biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021.| 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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9to5Mac, Wall Street Journal, MacRumors, Bloomberg, Telegraph, Financial Times, Decrypt, Engadget, Gamereactor UK, CNN, Reuters, iMore, Forest's Newsletter, Winvesta Crisps, Transistori, and Vox
Tweets: @nikitabier, @talbm2010, @buccocapital, @mikeisaac, @profgalloway, @caseynewton, @ferrotv, @sarahfrier, @benbn, @davetroy, @nikitabier, @firstadopter, @dougboneparth, @nikitabier, @hotlinejosh, @amy_siskind, @benbn, @swodinsky, @asharma, @gassee, @joannastern, @anthony, @munster_gene, @gunjanjs, @rachelmetz, @htsfhickey, @emilydreyfuss, @gregmfitz, @jeffnolan, @alexeheath, @kantrowitz, @kantrowitz, @michaelbatnick, @buccocapital, @buccocapital, @mikeisaac, @caseynewton, @kurtwagner8, @kurtwagner8, @kurtwagner8, @shannonpareil, @kurtwagner8, @azeem, @kantrowitz, @kurtwagner8, @ceciliakang, and @mikeisaac
| Meta: |
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Associated Press, The i Paper, GeekWire, Variety, Finbold, Mobile Dev Memo, Bloomberg, Yahoo News, BeInCrypto, TechSpot, Insider, Ubergizmo, ВІС …, PhoneArena, ZDNet, and The Hill
| Janko Roettgers / Protocol: |
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UploadVR, GamesIndustry.biz, news.com.au, and The Register
Tweets: @levynews, @luke_metro, @mikeisaac, @sivavaid, and @stevekovach
| Sam Byford / The Verge: |
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, overtaking the Wii's 101.63M in under five years — A good holiday quarter, but Nintendo cut its forecast — The Nintendo Switch had a relatively strong holiday quarter …
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Nintendo, Bloomberg, Reuters, International Business Times, Android Authority, Engadget, Nintendo, Video Games Chronicle, Thurrott, PCMag, Club386, CNBC, 9to5Toys, VentureBeat, iPhone in Canada Blog, VentureBeat, and TechSpot
Tweets: @pelstrom and @6d6f636869
| Joe Rossignol / MacRumors: |
The US Senate Judiciary Committee approves the Open App Markets Act, which would allow app sideloading and let developers use their own in-app payment systems — The U.S. Senate Judiciary Committee today approved the bipartisan Open Markets Act, an antitrust bill that would allow for sideloading and alternate app stores on the iPhone.| 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, CoinDesk, PYMNTS.com, Bloomberg, Tom's Hardware, The Block, Security Affairs, TheStreet, CyberScoop, CryptoPotato, iTnews, VICE, HackRead, NBC News, Forbes, Malwarebytes Labs, Crowdfund Insider, TechCrunch, Coinspeaker, Crypto Daily, ZyCrypto, Ethereum World News, and Crypto Briefing
Tweets: @wormholecrypto, @kelvinfichter, @wormholecrypto, @campuscodi, @kelvinfichter, @timevalueofbtc, @sbyrnes, @silvermanjacob, @hexcowboy, @pt, @silvermanjacob, @gossithedog, @mattbinder, @crypto, @carsonturner, @austin_federa, @david_jolly_dc, @markjeffrey, @joshuatopolsky, @dogetoshi, @markgongloff, @ivanthek, @caseynewton, @coindesk, and @silvermanjacob
| Ashley Carman / The Verge: |
Audio: Daniel Ek says Spotify needs exclusives for leverage to land deals with Amazon, Google, and others, and he finds many things Rogan says “very offensive” — He says Spotify is a platform, not a publisher — Spotify CEO Daniel Ek addressed employees about the Joe Rogan controversy …
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Washington Post. Tweets: @ericnewcomer, @ericnewcomer, @ashleyrcarman, @reckless, @carnage4life, and @karlbode
| Los Angeles Times: |
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TNW, Financial Times, Insider, BBC, and WRAL TechWire
| J. Clara Chan / The Hollywood Reporter: |
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Protocol, New York Times, Seeking Alpha, Spotify, Silicon Republic, The Verge, Reuters, Variety, and MarketWatch
| Reuters: |
Sources: Israeli surveillance company QuaDream used the zero-click ForcedEntry exploit to break into 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 …
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AppleInsider, PhoneArena, iPhone in Canada Blog, Slashdot, MacDailyNews, The Mac Observer, and 9to5Mac
Tweets: @stephaniefishm4, @razhael, @pearswick, @jshermcyber, @snlyngaas, @markdistef, and @ziya_meral
| 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 …
Source:
Insider. More:
Thurrott, Gizmodo, ZDNet, MobileSyrup, Engadget, XDA Developers, MSPoweruser, and Pocket-lint
| 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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Wall Street Journal, VentureBeat, Engadget, PYMNTS.com, Forbes, Gamestop Corp., Game Developer, Decrypt, Reuters, The Economic Times, The Block, Blockworks, CoinDesk, and KnowTechie. Tweets: @saraheneedleman
| Ax Sharma / BleepingComputer: |
The Conti ransomware group hits major British snack producer KP Snacks, affecting the supply of Skips, Hula Hoops, McCoy's, and others to leading supermarkets — KP Snacks, a major producer of popular British snacks has been hit by the Conti ransomware group affecting distribution to leading supermarkets.
More:
betterRetailing, The Guardian, BetaNews, The i Paper, BBC, Bloomberg, Sky News, and Telegraph
Tweets: @iblametom, @jimwaterson, and @gossithedog
| Saritha Rai / Bloomberg: |
Counterpoint: Apple shipped 2.3M iPhones in India in Q4, up 34% YoY; Xiaomi shipped 9.3M smartphones, up 2% YoY, and Samsung shipped 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:
Philip Elmer‑DeWitt, AppleInsider, 9to5Mac, Apple Must, TechCircle, and Android Central
Tweets: @bloombergquint, @tarunpathak, @tarunpathak, and @neiltwitz
| Richard Waters / Financial Times: |
Interview with Satya Nadella on Microsoft's Activision Blizzard acquisition, preparing for the metaverse, the future of gaming and workplaces, and more — Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.
More:
Ars Technica, Windows Central, Beyond Search, and Financial Times
Tweets: @epicureandeal and @khalafroula
| 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 … | Manish Singh / TechCrunch: |
Bengaluru-based Jar, a daily savings app that lets users invest in “digital gold”, raises a $32M Series A led by Tiger Global, sources say at a $200M+ valuation — A seven-month-old fintech app that is helping millions of Indians to begin their investment and saving journeys … | Sarah Perez / TechCrunch: |
Mozilla shuts down Firefox Reality, its web browser launched in 2018 for Oculus and other AR/VR headsets, and directs users to Igalia's upcoming browser Wolvic — A top VR web browser is closing down. Today, Mozilla announced it's shutting down its Firefox Reality browser …
More:
Igalia and The Mozilla Blog
| Dustin Volz / Wall Street Journal: |
White House forms the Cyber Safety Review Board, loosely modeled on NTSB, to investigate major national cybersecurity failures, starting with the Log4j bug — The new panel is loosely modeled on the National Transportation Safety Board and will look into the recently discovered Log4j internet bug
Tweets: @dnvolz, @dalperovitch, @anthony, @ericgeller, @dnvolz, @marcambinder, @williamturton, and @wsjpolitics
| Michael Smith / Bloomberg: |
Riot Blockchain, the largest Bitcoin mining company in Texas, reduces power consumption by ~98% at its Whinstone facility ahead of an expected winter storm — Crypto miner Riot Blockchain Inc. shut down most of its huge Bitcoin-making operation in Texas to conserve electricity as a wave …
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CryptoSlate
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