Techmeme
February 4, 2022, 6:25 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 15%+  —  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:
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 …
Parmy Olson / Bloomberg:
Stephanie Condon / ZDNet:
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 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.
Andrew Thurman / CoinDesk:
Wormhole's parent company replaces $322M worth of ETH stolen by a hacker on Wednesday; the bridge's operations resumed after the attack vector was patched  —  Wormhole's parent company has stepped in to prevent chaos across the Solana DeFi landscape.  —  After one of the most devastating exploits …
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 …
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 …

Sponsor Posts

Soxton:
Fast, affordable 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!
F5:
Accelerate AI Adoption at F5's AI Virtual Summit  —  Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23.  Register now to save your spot.
Zoho:
Summer '26 release: Zoho SalesIQ enters the era of Agentic Intelligence  —  Empathy has never been able to scale.  Until now.You probably wouldn't have expected a release announcement that has Agentic Intelligence in the title to start with “Empathy.”
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

Big Technology Podcast:
What Should An AI Device Look Like? — With Alex Himel
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.
Great Chat:
Founders dish on VC bad behavior (and bring receipts)
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Uncapped with Jack Altman:
Mike Volpi from Hanabi Capital
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Training Data:
LIVE: Jensen Huang on Building the Dynamo of the Intelligence Age
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Channels with Peter Kafka:
Brian Stelter on the 60 Minutes Mess; Nilay Patel on Apple's AI Problem
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Tools and Weapons with Brad Smith:
AI's Mythos Moment: Rishi Sunak on preparing governments for AI
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 6:25 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

Earlier Picks

Dustin Volz / Wall Street Journal:
Ashley Carman / The Verge:
Richard Waters / Financial Times:
Sam Byford / The Verge: