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July 22, 2022, 6:50 AM
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| Jonathan Vanian / CNBC: |
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., net loss of $422M, up from $152M YoY; stock falls 25%+ after hours — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
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Snap, Wall Street Journal, Mobile Dev Memo, Finbold, PYMNTS.com, The Verge, CNBC, Coinspeaker, MarketWatch, SiliconANGLE, Benzinga, Barron's Online, Forbes, Adweek, Axios, CNN, Deadline, TechCrunch, Reuters, Bloomberg, Variety, and New York Times
| Hannah Murphy / Financial Times: |
Snap plans to “substantially reduce” hiring, authorizes a stock repurchase program of up to $500M, and locks in CEO and CTO roles until at least January 1, 2027 — Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Tweets: @munster_gene and @kantrowitz
| Richard Lawler / The Verge: |
Instagram says all new video posts under 15 minutes will now be shared as Reels and videos under 90 seconds from public accounts will be recommended to others — And it's combining the Reels / Video section of your profile under one tab — Welcome to the new era of Instagram … | Jon Porter / The Verge: |
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Meta, New York Times, Axios, BuzzFeed News, Bloomberg, Washington Post, PhoneArena, SiliconANGLE, Phandroid, BigTechWire, Android Central, Digital Trends, iPhone in Canada Blog, Fortune, Neowin, iDownloadBlog.com, USA Today, Android Headlines, Adweek, PCWorld, NBC News, WRAL TechWire, Bloomberg, Engadget, TechCrunch, Reuters, Mashable, and CNBC
Facebook: Mark Zuckerberg. Tweets: @metanewsroom, @kurtwagner8, @benedictevans, @richlightshed, @filip_struharik, @brendannyhan, @abuaardvark, @jeeveswilliams, @brandonsilverm, @brendannyhan, @brandonsilverm, @brandonetc, @noupside, @fortunemagazine, @brendannyhan, @brandonsilverm, @karaswisher, @brandonetc, @mikeisaac, @carnage4life, @aria_gerson, @alexhern, @fboversight, @baekdal, @jason_kint, @dandrezner, @jayrosen_nyu, @sarafischer, @teepusahab, @domdifurio, @pierce, @kerrymflynn, @sarafischer, and @jaredlholt
| Bloomberg: |
The US DOJ arrests a former Coinbase product manager for allegedly leaking insider info about tokens before they were listed; Coinbase won't face charges — US authorities arrested a former Coinbase Global Inc. product manager for allegedly leaking insider information to help his brother …
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U.S. Department of Justice, U.S. Securities …, The Coinbase Blog, The Verge, New York Times, CoinDesk, BleepingComputer, Coinspeaker, Cryptonews, CoinQuora, Reuters, CoinGeek, CNBC, SiliconANGLE, GeekWire, CryptoPotato, Silicon Valley Business …, Quartz, Watcher Guru, TechCrunch, ZyCrypto, New York Post, Decrypt, and Bitcoin Magazine
Tweets: @carolinedpham, @brian_armstrong, @neerajka, @briankrebs, @ohaiom, @leereiners, @tier10k, @krugermacro, @notgrubles, @matt_levine, @thecoomunist, @dog_shill, @pitdesi, @brian_armstrong, @jacqmelinek, @secgov, @adamscochran, @reckless, @crypto_bitlord7, @carnage4life, @verge, @fintechfrank, @alexhern, @jwverret, @damedoteth, @damedoteth, @sridinats, @rmac18, @jeffjohnroberts, and @wublockchain
| Tim Copeland / The Block: |
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Securities and Exchange Commission, The Coinbase Blog, Wall Street Journal, CoinDesk, Protocol, crypto.news, The Register, Crypto Briefing, Cointelegraph, Mashable, PC Gamer, CoinJournal, Decrypt, Finextra, Ethereum World News, Heretic Speculator, Crowdfund Insider, Bitcoinist.com, CryptoGlobe, Washington Post, Fortune, and Blockworks
Tweets: @ncweaver, @carnage4life, @haileylennonbtc, @lund_dane, @stonedpipez, @thenewsham, and @neerajka
| Brandy Betz / CoinDesk: |
Hashflow, a DeFi trading app, raised a $25M Series A from Jump Crypto, Wintermute, GSR, and Coinbase's and Kraken's VC arms, among others, at a $400M valuation — The platform uses an asset pricing model that offers interoperability, lower fees and no slippage.
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Hashflow, Coinspeaker, FinSMEs, ETH Daily, Blockworks, Business Wire, and The Block
| Jon Brodkin / Ars Technica: |
FCC chair asks carriers to explain how they use geolocation data, as Congress debates a law that may preempt the FCC from regulating carriers' privacy practices — Inquiry launched as Congress debates bill that could gut FCC's privacy authority. — Federal Communications Commission … | AJ Vicens / CyberScoop: |
Ukraine says hackers attacked TAVR Media, which operates nine radio stations, to broadcast a fake message that President Zelenskyy was in critical condition — Cyber criminals attacked a Ukrainian company that operates nine “major” radio stations to spread a message that Ukrainian President …
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The Hacker News, Reuters, Newsweek, Radio Free Europe/Radio …, and pravda.com.ua
| John Hendel / Politico: |
Nearly 200 US rural carriers are saddled with old Huawei and ZTE gear they can't afford to remove; promised Congress funds are coming too slow and aren't enough — The U.S. is still struggling to complete the break up with Chinese telecom companies that Donald Trump started four years ago.
Tweets: @johnhendel
| Emily Birnbaum / Bloomberg: |
Apple is on track for its biggest year of US lobbying, spending $4.6M in H1 2022, as Tim Cook becomes one of the country's most politically active tech CEOs — Apple Inc. Chief Executive Officer Tim Cook wasn't fully sold on having a team of Washington lobbyists a decade ago.
More:
Philip Elmer‑DeWitt, Cult of Mac, AppleInsider, MacDailyNews, and 9to5Mac
Tweets: @demandprogress, @timsweeneyepic, and @papscun
| Kwasi Gyamfi Asiedu / Protocol: |
A look at Meta's $150M Meta Immersive Learning project, through which it has partnered with Iowa-based VR startup VictoryXR to create 10 “metaversities” — During her inorganic chemistry class at Morehouse College in the spring of 2021, Dr. Muhsinah Morris launched a little experiment.| Rest of World: |
Instagram-based thrift stores in India, Bangladesh, Pakistan, and Nepal are making used clothes popular, even desirable, among young shoppers — Instagram-based thrift stores in South Asia are making used clothes popular — even desirable — among young shoppers.
Tweets: @fogginsophie, @cengizyar, and @itikaspunit
| Kyle Wiggers / TechCrunch: |
Paris-based Contentsquare, which offers web and app analytics to businesses, raised a $400M Series F and $200M in debt, doubling its May 2021 valuation to $5.6B — While the pandemic prompted companies to digitize much of the way they do business, not every brand made the pivot successfully.
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Contentsquare, Grit Daily News, MediaPost, CTech, Wall Street Journal, FinSMEs, Tech.eu, Bloomberg, Silicon Canals, and Globes Online
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