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February 4, 2022, 9:25 AM
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| Amazon: |
Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 10%+ — SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.
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| Annie Palmer / CNBC: |
Amazon breaks out advertising services revenue for the first time: $9.7B for Q4, up 32% YoY, and $31.2B for FY 2021; subscription services grew 15% to $8.1B — - Amazon shares rallied in extended trading Thursday after the company posted a big earnings beat for the fourth quarter …
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Silicon Republic. Tweets: @benedictevans, @stacyfmitchell, @benyt, @benedictevans, @mattrosoff, @markdistef, @tanyadua, @edmundlee, @chuck_gopal, @sarthakgh, @pkafka, @stacyfmitchell, @daveleeft, @acouplecents, @shiraovide, @matthewstoller, @pkafka, @mjasay, @craigsilverman, @birdyword, @lpolgreen, @stacyfmitchell, @rakeshlobster, @tomgara, @mjasay, @leticia, @matthewstoller, @0xdabbad00, @carnage4life, @arjunkharpal, @eugenekim222, and @alexweprin
| Taylor Soper / GeekWire: |
Amazon will raise Prime's US prices by $20 to $139 per year and by $2 to $14.99 per month, on February 18 for new members and March 25 for current members — Amazon is upping the price of Prime, increasing the annual fee of its membership from $119/year to $139/year.
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| Bloomberg: |
Source: in a company-wide meeting, Mark Zuckerberg told staff to focus on growing Facebook's short-video products, citing unprecedented competition from TikTok — Mark Zuckerberg quipped that if he started to cry, it wasn't because of the day's news. — His red, teary eyes were the result …
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| Bloomberg: |
Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value 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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| David McLaughlin / Bloomberg: |
Meta's underwhelming results are evidence of the challenging competitive landscape, especially from TikTok, adding ammunition against the FTC's antitrust suit — Meta Platforms Inc.'s dismal earnings report had one potential silver lining for Chief Executive Officer Mark Zuckerberg …
Tweets: @anshelsag, @dzuidijk, and @kurtwagner8
| Stephanie Condon / ZDNet: |
| Benjamin Mayo / 9to5Mac: |
Apple says it will charge a 27% commission for in-app purchases made using alternative payment systems in The Netherlands, following a Dutch legal decision — Apple today provided some additional details about how it will allow dating apps in the Netherlands to offer alternative payment systems …
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Apple Developer, MacRumors, The Verge, 9to5Mac, TechCrunch, AppleInsider, iMore, iPhone Hacks, Ubergizmo, and iMore
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| Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q4 revenue of $2.16B, down 10% YoY, net bookings of $2.49B, down 18% YoY, 371M MAUs, down from 397M a year ago — Activision Blizzard's net bookings of $2.49 billion in the fourth quarter ended December 31 short of expectations on Wall Street … | Lauren Feiner / CNBC: |
Snap reports its first quarterly net profit, with $1.3B in Q4 revenue, up 42% YoY, and $23M net income; FY 2021 revenue grew 64% to $4.1B; stock rises 40%+ — - Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.
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Reuters, The Verge, Wall Street Journal, Investopedia, Silicon Republic, and Snap Inc.
| Bloomberg: |
Two more employees from Google's Ethical AI research group leave to join Timnit Gebru's new nonprofit research institute, adding to the turmoil at the unit — Google's Ethical AI research group lost two more employees, adding to the turmoil at the unit studying an area that is vitally important …
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Alex Hanna, Bloomberg, and Protocol
Tweets: @monicabyrne13, @dinabass, @josheidelson, and @josheidelson
| James Vincent / The Verge: |
Twitter begins expanding testing downvoting replies globally on web and mobile; downvotes are not public and will be used to tweak which replies Twitter shows — Votes aren't public and are used to surface relevant replies — If you've seen the option to downvote replies on Twitter, you're not alone.
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TechRadar, NBC News, 9to5Mac, Engadget, PCMag, MacRumors, iPhone in Canada Blog, BGR India, KnowTechie, Mashable, and iMore
Tweets: @twittersafety, @noupside, and @eligp
| The Information: |
Source: Tiger Global has raised $11B+ for its latest VC fund as of January and expects to close the fund at $12B in March, up from the $10B target set last year — Tiger Global Management, the New York-based hedge fund that made more private tech investments than any other firm last year … | James Rubin / CoinDesk: |
A bipartisan group of US representatives reintroduces the Virtual Currency Tax Fairness Act, which would exempt paying taxes on realized crypto gains under $200 — The legislation by a bipartisan group of House representatives would exempt realized crypto gains under $200.
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Coin Center and Crypto Market Update …
| Bloomberg: |
UK's CMA fines Meta £1.5M during its Giphy probe, saying it failed to inform the CMA of key US staff leaving, a breach of its merger investigation rules — Meta Inc. was fined 1.5 million pounds ($2 million) from the U.K.'s competition regulator for breaching an enforcement order during … | Blake Brittain / Reuters: |
Nike sues online reseller StockX for selling unauthorized NFTs of its shoes, citing its trademarks, and promises “a number of virtual products” later this month — Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes …
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Cryptopolitan, CoinGape, Cointelegraph, Coinspeaker, and Tech Xplore
Tweets: @abcdedgar, @copmanually, @abcdedgar, @ape2047, and @ohmyeth
| Adam Satariano / New York Times: |
A profile of Seznam, a leading search engine in the Czech Republic before Android's rise that is helping to inspire laws to limit Big Tech's power — A small search engine company in the Czech Republic helped inspire a law that is poised to put major limits on tech giants like Google.
Tweets: @nytimes, @daiwaka, @mh4oh, @davidtvrdon, and @ondrej1974
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