Techmeme
February 4, 2022, 12:00 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 15%+  —  SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.
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.
Annie Palmer / CNBC:
Amazon breaks out advertising services revenue for the first time, reports $9.7B for Q4, up 32% YoY, $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 …
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:
Parmy Olson / Bloomberg:
Andrew Thurman / CoinDesk:
Wormhole's parent restores $322M worth of ETH stolen by a hacker on Wednesday, and the bridge's operations are back up after the attack vector had been patched  —  Wormhole's parent company has stepped in to prevent chaos across the Solana DeFi landscape.  —  After one of the most devastating exploits …
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 …
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 App Markets Act, an antitrust bill that would allow …
Lauren Feiner / CNBC:
Snap reports its first quarterly net profit, with Q4 revenue of $1.3B, up 42% YoY, and net income of $23M; FY 2021 revenue grew 64% to $4.1B; stock is up 55%+  —  - Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.
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 …
The Information:
Source: Tiger Global has raised over $11B for its latest venture capital fund as of January and expects to close the fund at $12B in March  —  Tiger Global Management, the New York-based hedge fund that made more private tech investments than any other firm last year, raised more than $11 billion …
Tweets: @ledgerstatus
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
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 …
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  —  Not long after being promoted to the role of chief executive at Microsoft, in 2014, Satya Nadella had faced calls to ditch …

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Earlier Picks

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