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July 29, 2022, 11:00 AM
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memeorandum
WeSmirchTop News
| Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories
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Wall Street Journal, ZDNet, Moneycontrol, CNBC, Bloomberg, Apple, CNBC, Apple Must, The Economic Times, iPhone Hacks, Macworld, and SiliconANGLE
| Kif Leswing / CNBC: |
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9to5Mac, AppleInsider, iThinkDifferent, Philip Elmer‑DeWitt, Patently Apple, Six Colors, Coinspeaker, BGR India, Silicon Republic, Gizchina, Daring Fireball, and Neowin
Tweets: @patrickmcgee_, @benbajarin, @joannastern, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @ron_miller, @epro, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @mingchikuo, @neilcybart, @samifathi_, @neilcybart, and @anthony
| Leah Nylen / Bloomberg: |
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; FTC didn't take sworn interviews of company execs during the nine-month inquiry — Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week … | Cecilia Kang / New York Times: |
Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and could shift how DC regulates competition in nascent industries — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
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Financial Times, Truth on the Market, and Dave Lee
Tweets: @chrisfralic, @blakereid, @binarybits, @binarybits, @enbrown, @enbrown, @johnnyryan, @enbrown, @liroyleshed, @anshelsag, @daveleeft, @glenweyl, @karlbode, @karlbode, @kevinakwok, @enbrown, @ctbeiser, @benz145, @veenadubal, @adamkovac, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, @enbrown, and @onekade
| Casey Newton / Platformer: |
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
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The Verge, New York Times, Silicon Republic, Insider, Mobile Dev Memo, بهر …, Variety, iPhone in Canada Blog, NBC News, Android Authority, BBC, Kulturpop, The Guardian, That Was The Week, Pocket-lint, BGR India, The i Paper, Livemint, The Overspill, Wccftech, Big Technology, and Fortune
Tweets: @caseynewton, @pierce, @mosseri, @platformer, @chillmage, @caseynewton, @ericajoy, @illumitatiana, @pierce, @mistydemeo, @lordravenscraft, @caseynewton, @rob_sheridan, @steven_aquino, @brianoliu, @culturecrave, @tomwarren, @chillmage, @issielapowsky, @urbanjodi, @esaagar, @brianmanzullo, @chillmage, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @studioanisa, @aria_gerson, @shitlicious, @hypervisible, @chaykak, @laurenjauregui, @ellencscott, @mcely, @pantibliss, @mrinaldesai, @caseynewton, @willoremus, @parismartineau, @lisatozzi, @kerrymflynn, @walldo, @lucas_shaw, @rebexxxxa, @chelseacirruzzo, @cebsilver, @nbashaw, @brianstelter, @oliverdarcy, and @oduneweniyi
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.
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The Economic Times, VICE, PetaPixel, and In The Loop on Gen Z
| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing … | Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI revenue down 16% YoY to $4.6B; stock drops 10%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, Reuters, Fabricated Knowledge, SemiAnalysis, HotHardware, Windows Central, Finbold, Tom's Hardware, Silicon Republic, TechCircle, Coinspeaker, Fossbytes, and Wall Street Journal
Tweets: @dylan522p, @dylan522p, @tculpan, @jonmasters, @dylan522p, @donal888, @stevesi, @niubi, @jonmasters, and @patrickmoorhead
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; stock jumps 12%+ — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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Protocol, CNBC, Fast Company, CNBC, Finbold, Coinspeaker, ComputerWeekly.com, The Economic Times, diginomica, and PYMNTS.com
Tweets: @conorsen, @carnage4life, @patrickmoorhead, @jonathanvanian, @charliebilello, @conorsen, @parismartineau, @delrey, and @chriskeall
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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Thurrott, TechCrunch, Twitter Help Center, 9to5Mac, XDA Developers, PCMag, Neowin, KnowTechie, BGR India, BetaNews, Engadget, Phandroid, Pocket-lint, and Mashable
Tweets: @mattnavarra, @hunterwalk, @willoremus, @sawyermerritt, @film_girl, @markgurman, @davepell, @jarango, @keithedwards, @mgsiegler, @y_molodtsov, @davepell, @ow, @stuartbruce, @akindolu, @jangles, and @markgurman
| Richard Lawler / The Verge: |
A Delaware judge rules that Twitter's case against Elon Musk over the failed $44B takeover will go to trial from October 17 to October 21 — Everybody's going to the Court of Chancery — We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit against Elon Musk …
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Bloomberg, TechCrunch, Reuters, Barron's Online, Fortune, and International Business Times. Tweets: @mims
| Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
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FDIC, Blockworks, Bitcoin News, CryptoSlate, Crypto Briefing, Cointelegraph, Web3 is going just great, and Cryptonews. Tweets: @claritytoast
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR division asked to open a stealth account on TikTok, targeting Western audiences; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences … | Makena Kelly / The Verge: |
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden must now sign it into law — All that's left is Biden's signature — It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
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New York Times, Silicon Republic, South China Morning Post, CoinDesk, Club386, DCD, Reuters, Wired, CNBC, and PhoneArena
Tweets: @pgelsinger, @repjudychu, @billevanina, @jonmasters, @jonmasters, @sandralrivera, @whcos, @jonmasters, @stshank, @kellymakena, and @jakesherman
| Todd Spangler / Variety: |
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists … | @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed led by a16z — gm! I'm very excited to announce that @a16z crypto is leading a $50M round in @veefriends. We look forward to helping the team fuel expansion plans for its creative, technical and experiential operations that support the growing Web3 community! https://a16zcrypto.com/...
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VeeFriends, Blockworks, Waivly, and Start With NFTs
Tweets: @mdudas, @kevinrose, @jeremyknowsvf, @mikebutcher, @iamtexture, @seldo, @veefriends, @howardlindzon, and @jackmascone
| Bloomberg: |
Sony beats estimates with Q1 operating profit of $2.3B, PS5 sales of 2.4M, up from 2.3M YoY, cuts profit outlook from $8.7B to $8.3B for FY ending March 2023 — Sony Group Corp. cut its profit outlook as its PlayStation division faltered and game sales slumped.
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The Verge, Sony Group Corporation, Reuters, TechSpot, Engadget, GamesIndustry.biz, and Nikkei Asia
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