Techmeme
July 26, 2022, 11:25 PM

Top News

Microsoft - Investor Relations:
Microsoft reports Q4 revenue up 12% YoY to $51.87B, net income up 2% YoY to $16.7B, Azure up 40% YoY, LinkedIn up 26% YoY  —  REDMOND, Wash. — July 26, 2022 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2022, as compared to the corresponding period of last fiscal year:
Ian Hamilton / UploadVR:
Meta plans to increase the prices of its Quest 2 headsets to $400 for 128GB and $500 for 256GB on August 1, and bundle Beat Saber for free through December 31  —  The price for a new Quest 2 is jumping to $399 as Meta says “the costs to make and ship our products have been on the rise.”
Ashley Capoot / CNBC:
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is “a test” that is “not yet good” and that the app has to lean into the shift to video  —  - Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform.
Travis Clark / Insider:
Scott Rosenberg / Axios:
Alphabet - Investor Relations:
Alphabet reports Q2 revenue up 13% YoY to $69.69B, net income of $16B, down from $18.53B YoY, and Google Cloud revenue of $6.28B, up from $4.63B YoY  —  MOUNTAIN VIEW, Calif. - July 26, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2022.
New York Times:
Sources: the US Treasury Department has been investigating US-based crypto exchange Kraken since 2019 for potentially violating US sanctions on Iran and more  —  The Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.
Tom Warren / The Verge:
Sony reveals more PlayStation VR2 details, including a see-through view, a broadcast mode for filming gameplay, and a cinematic mode for non-VR games and media  —  There are also see-through and cinematic modes  —  Sony is teasing some more details about its upcoming PlayStation VR2 headset today.
The Verge:
As Mark Zuckerberg says “there are probably a bunch of people at the company who shouldn't be here” during a weekly Meta Q&A, a survey suggests staff anxiety  —  As Meta's growth slows, Mark Zuckerberg is pushing even harder.  Will his employees melt under the pressure?
Vipal Monga / Wall Street Journal:
Memo: Shopify plans to cut ~1,000 workers, or 10% of its global workforce, citing consumers pulling back on online shopping; SHOP drops 15%+  —  CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting  —  Shopify Inc. SHOP -16.29%▼ …
Emily Baker-White / BuzzFeed News:
Four former ByteDance employees say the company promoted pro-China content to Americans in its now-defunct news app TopBuzz; ByteDance denies the claims  —  Former employees claim the company placed pieces of pro-China content in its now-defunct US news app, TopBuzz, and censored negative stories about the Chinese government.
Jesse Hamilton / CoinDesk:
Senators Toomey and Sinema introduce a bill to exempt crypto users from being taxed on transactions of under $50, similar to a bipartisan bill in the House  —  The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.
Zack Whittaker / TechCrunch:
A researcher finds messaging and calling app JusTalk left exposed a database with millions of users' conversations and call logs in plaintext since January 2022  —  Millions of conversations and call logs were stored in plaintext  —  Popular messaging app JusTalk left a huge database …

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Shopify's new AI commerce stack  —  Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Zoho:
Connecting, collaborating, and growing: Zoho Mail 2025 wrap-up  —  Your inbox has been home to a lot this year—quick updates, long threads, approvals, reminders, and the occasional late-night draft you weren't sure about.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Great Chat:
The stories we told ourselves in 2025
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.
The Social Radars:
Jessica & Carolynn Announce Season 5!
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Grit:
How Brands Stay Visible When AI Decides | Profound CEO James Cadwallader
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The coming AI security crisis (and what to do about it) | Sander Schulhoff
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:
OpenAI's Potential, Google's Speedy Model, Copilot Hits Turbulence
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.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
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 11:25 PM ET, July 26, 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

Max Chafkin / Bloomberg:
Liron Shapira / @liron:

Earlier Picks

Kadhim Shubber / Financial Times:
Bloomberg:
Bloomberg: