Techmeme
February 4, 2022, 9:25 AM

Top News

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.
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 …
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.
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 …
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 …
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 …
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.
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 …
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.
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 …
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.

Sponsor Posts

Clay:
Turn any GTM idea into reality  —  Clay helps GTM teams combine AI agents, enrichment, and intent data to move faster and turn insights into action.
Soxton:
AI-powered law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
Zoho:
Introducing Accessibility Controls in Zoho Vault  —  At Zoho Vault, we believe in security for everyone.  Our commitment to accessibility goes beyond compliance; it's about empowerment.
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.

Featured Podcasts

Invest Like the Best:
Alex Behring and Daniel Schwartz - Inside 3G Capital
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The Truth Behind Automation Claims in Customer Support | Cresta CEO Ping Wu
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The rise of the professional vibe coder (a new AI-era job) | Lazar Jovanovic (Professional Vibe Coder)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Software In Shambles, OpenAI vs. Anthropic Super Brawl, Amazon's Struggles
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Elon Musk's Mega-Merger + We Test Google's Project Genie + What's Next for Moltbook Creator
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Tools and Weapons with Brad Smith:
Special Edition: Key findings from the Microsoft AI Diffusion Report
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:25 AM ET, February 4, 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

New York Times:
Andrew Thurman / CoinDesk:

Earlier Picks

Joe Rossignol / MacRumors:
Dustin Volz / Wall Street Journal: