Techmeme
July 27, 2022, 10:50 AM

Top News

Ingrid Lunden / TechCrunch:
Spotify says it has “decided to stop further production of Car Thing units” and will take a €31M charge, citing demand and supply chain issues  —  Spotify's push to complement its music streaming with a big move into podcasting and related content appears to be paying off …
Todd Spangler / Variety:
Jason Schreier / Bloomberg:
Interviews with 20+ people describe GTA developer Rockstar's attempts to change its male-heavy workplace culture, starting in 2018, after complaints and burnout  —  In the summer of 2020, after a police officer killed George Floyd, Rockstar Games quietly shelved a mode of play it had planned …
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.
Chris Stokel-Walker / Gizmodo:
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, and 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:
Jordan Novet / CNBC:
Emily Birnbaum / Bloomberg:
Sources: Senate Majority Leader Chuck Schumer told donors at a fundraiser that the AICO Act to pare back the power of Big Tech companies doesn't have the votes  —  Senate Majority Leader Chuck Schumer told a group of donors that he doesn't believe that there are enough votes in the Senate …
Leah Nylen / Bloomberg:
Ivan Mehta / TechCrunch:
Google announces Maps updates: photorealistic aerial views of nearly 100 landmarks, more detailed cycling routes, and improved location sharing  —  Google — facing increasing competition from other apps like Instagram and TikTok when it comes to consumers searching for things …
Vikas SN / Moneycontrol:
Alex Heath / The Verge:
Tom Warren / The Verge:
Sony teases 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.
Duncan Riley / SiliconANGLE:
An IBM study of 550 global organizations finds the average cost of a data breach is $4.35M, up ~13% over the last two years, and 83% had more than one breach  —  A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before.
Dan Goodin / Ars Technica:
Kaspersky researchers find a malicious UEFI-based rootkit used in the wild since 2016 that keeps PCs infected after an OS reinstall or a hard drive replacement  —  Turns out they're not all that rare.  We just don't know how to find them.  —  Researchers have unpacked a major cybersecurity find …
Source: SecurelistMore: CSO and PC Gamer
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.
Taylor Lorenz / Taylor Lorenz's Newsletter:
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content  —  It isn't just the platform that has changed, we have too.  —  Over the past few days there's been a movement to “Make Instagram Instagram again.”
Bill Toulas / BleepingComputer:
Unit 42: hackers typically scan for vulnerabilities within 15 minutes of a new CVE disclosure; the first active exploitation attempts are observed within hours  —  System administrators have even less time to patch disclosed security vulnerabilities than previously thought …
Ry Crist / CNET:
Like Amazon's Ring, Google's Nest will comply with emergency US law enforcement requests for footage without a warrant or explicit user consent  —  The law lets Ring and Google share user footage with police during emergencies without consent and without warrants.  Here's everything you should know.
Stefanie Marotta / Bloomberg:
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP drops 6%+, after crashing 14% on Tuesday due to layoffs  —  Shopify Inc. rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown …

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