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July 28, 2022, 1:50 AM
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| Salvador Rodriguez / Wall Street Journal: |
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Facebook parent Meta Platforms Inc. META 6.55%▲ posted its first decline in revenue and issued a muted outlook …
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Financial Times, Investopedia, Transistori, CBS News, Axios, Deadline, Associated Press, Newser, Variety, Forbes, and The Guardian
| Meta - Investor Relations: |
Meta reports Q2 revenue down 1% YoY to $28.8B, net income down 36% YoY to $6.69B, and Family of Apps daily active people up 4% YoY to 2.88B — Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment MENLO PARK, Calif., July 27, 2022 /PRNewswire …
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CNBC, The Block, PYMNTS.com, The Verge, VentureBeat, Reuters, New York Times, Yahoo Finance, Fast Company, Forbes, The Hollywood Reporter, Gizmodo, Engadget, Washington Post, Loup, and TechCrunch
Tweets: @jessecoheninv, @laurengoode, @loudmouthjulia, @crazyreyn, @daveleeft, @jank0, @scobleizer, @persiancapital, @daveleeft, @kurtwagner8, @chrisjbakke, and @mmasnick
| Jordan Novet / CNBC: |
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to “steadily reduce headcount growth over the next year” — - It appears the economy has begun a downturn, said Mark Zuckerberg, CEO of Meta Platforms, on the company's Q2 earnings call.
More:
Cointelegraph and Social Media Today
Tweets: @kurtwagner8, @naxuu, @wagatwe, @laurengoode, @mikeisaac, @jason_kint, @blackamazon, @jgb00m, @shannonpareil, @kurtwagner8, @jason_kint, @alexeheath, and @shannonpareil
| Nelson Wang / CoinDesk: |
Meta's Reality Labs division posts a $2.81B loss for Q2 2022, vs. $3.67B est., on $452M in revenue, compared to a $2.96B loss for Q1 2022 on $695M in revenue — Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. — Jul 27, 2022
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CNBC, TechCrunch, Fortune, and PetaPixel
Tweets: @saranormous, @sharpshoot, @jerrycap, @munster_gene, @adamdraper, @benedictevans, @modestproposal1, and @jank0
| Amanda Silberling / TechCrunch: |
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Social Media Today, The Verge, 9to5Mac, and Deadline
Tweets: @alexeheath, @philipmichaels, @mwhittington13, @chrisapplegate, @alexeheath, @pbandjaimie, @malwarejake, and @samidh
| New York Times: |
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan — The move is a blow to Meta's metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.
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Federal Trade Commission, Washington Post, Meta, The Block, The Verge, BIG by Matt Stoller, The Register, CNBC, Platformer, New World Notes, NBC Bay Area, Politico, Financial Times, Game Developer, San Francisco Business Journal, and American Economic …
Tweets: @mikeisaac, @levie, @grimezsz, @cswilsonftc, @margarethmcgill, @ftc, @levie, @hoeglaw, @benbajarin, @mikeisaac, @benedictevans, @joshconstine, @scobleizer, @mikeisaac, @adamkovac, @reckless, @econliberties, @scottnover, @reckless, @daveleeft, @karlbode, @leah_nylen, @daveleeft, @stevesi, @montezumachavez, @mmasnick, @ballmatthew, @matthewstoller, @jesselehrich, @ronenv, @alexeheath, @martyswant, @benedictevans, @reckless, @danprimack, @matthewstoller, @benedictevans, @anshelsag, @adamkovac, @anshelsag, @joshconstine, @econliberties, @caseynewton, @ballmatthew, @econliberties, @pkafka, @adamkovac, @profcarroll, @eladgil, @ballmatthew, @econliberties, @slhamlet, @caseynewton, @pathedger18, @chrismessina, @mikeisaac, @karlbode, @adamkovac, @barry, @hoeglaw, @slhamlet, @ethanbaron, and @sohrabahmari
| Richard Speed / The Register: |
Microsoft details Austria-based malware group Knotweed, which has used Windows and Adobe zero-day exploits to attack European and Central American organizations — Reports seeing ‘offensive actor’ flinging SubZero malware — Microsoft has published an analysis of a Europe-based …
Source:
Microsoft Security Blog. More:
Microsoft On the Issues, iTnews, Neowin, Associated Press, SecurityWeek, Dark Reading, SC Media, PCMag, The Verge, and BleepingComputer
Tweets: @botherder, @cristingoodwin, @campuscodi, @goretsky, @ryanaraine, @campuscodi, and @ryanaraine
| Frederic Lardinois / TechCrunch: |
Google unveils new Chromebook productivity features, including video editing for Google Photos, PDF editing in Gallery, and the ability to save a virtual desk — Google today announced that it is adding a new movie editor and a few new video editing features to Google Photos …
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The Keyword, About Chromebooks, Thurrott, Pocket-lint, Neowin, BigTechWire, and Droid Life
| Jason Schreier / Bloomberg: |
Interviews with 20+ people detail GTA developer Rockstar's attempts to change its “boys' club” 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 … | Abner Li / 9to5Google: |
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
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The Keyword, Insider, Chrome Developers, Digiday, Bloomberg, OnMSFT.com, Neowin, Engadget, AdExchanger, The Verge, and ZDNet
Tweets: @epro, @simonjharris, @patrickmcgee_, @aexm, @johnwilander, and @larakiara
| Ingrid Lunden / TechCrunch: |
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues” — Spotify's push to complement its music streaming with a big move into podcasting and related content appears …
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The Verge, Engadget, XDA Developers, Liliputing, Android Headlines, SlashGear, Android Police, and Android Central. Tweets: @chrismessina
| Todd Spangler / Variety: |
| Kevin Breuninger / CNBC: |
The US Senate passes the Chips and Science Act, including $52B+ for US chipmakers plus tax credits to encourage investment; the bill now heads to the House — - The Senate passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductors.
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Wall Street Journal, New York Times, Protocol, The White House, Reuters, Roll Call, Axios, Tom's Hardware, and The Register
Tweets: @thekanter, @jonmasters, and @digiphile
| Dustin Volz / Wall Street Journal: |
Former US national security officials form Open Source Intelligence Foundation to promote analysis of public data like social media posts for intel-gathering — Social media, satellite images, mobile-phone data can yield as much insight as traditional espionage, but few rules exist
More:
Lawfare
| Emma Roth / The Verge: |
TikTok plans to give select researchers “public and anonymized data” from its platform and moderation system to “assess content and trends or conducts tests” — The move comes hours after a report reveals TikTok's efforts to distance itself from China
Source:
TikTok. More:
Fox News, Social Media Today, and Protocol
Tweets: @tiktokcomms, @rebekahktromble, @v_ness, @joepcunningham, and @logandobson
| Chris Stokel-Walker / Gizmodo: |
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New York Post, The Signal, Scope Creep 🎯, Tubefilter, and dot.LA
Tweets: @stokel, @stokel, @ebakerwhite, @thatdanstewart, @blakersdozen, @annalecta, and @stokel. Thanks:@stokel
| Kif Leswing / CNBC: |
Qualcomm reports Q3 revenue up 37% YoY to $10.93B, vs. $10.88B est., net income up 53% YoY to $3.36B, and chip segment revenue up 45% YoY to $9.38B — - Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance … | Mark Gurman / Bloomberg: |
Sources: Apple has hired Luigi Taraborrelli, who was most recently Lamborghini's head of chassis and vehicle dynamics, to work on its self-driving electric car — Apple Inc. has enlisted one of Lamborghini's top car-development managers in a sign that it's stepping up work …
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PYMNTS.com, iClarified, Patently Apple, TechCrunch, iDownloadBlog.com, iMore, AppleInsider, Cult of Mac, MacDailyNews, and MacRumors
Tweets: @mikeelgan, @jpr007, @newsynick, @stshank, and @markgurman
| Katherine Sayre / Wall Street Journal: |
Fantasy sports app Underdog has raised a $35M Series B at a $485M valuation, and plans to launch licensed sports betting in Ohio and Colorado next year — Startup is expanding into growing U.S. sports-betting industry — Fantasy-sports app Underdog said it has completed a second fundraising round …
More:
Underdog Sports Inc, Lineups, SportTechie, PitchBook, SportsPro, FinSMEs, and iGaming Business
| Bloomberg: |
Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors, and plans to offer options trading next — Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors … Sponsor Posts
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