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October 27, 2022, 4:45 AM
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| Meta - Investor Relations: |
Meta reports Q3 revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active users up 4% YoY to 2.93B, staff up 28% YoY; stock down 20%+ — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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| Nelson Wang / CoinDesk: |
Meta reports Reality Labs had a $3.67B loss in Q3 on $285M in revenue, vs. $406M est., and says the unit's operating loss will grow “significantly” in 2023 — Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
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| Nick Statt / Protocol: |
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Tweets: @alexhcranz, @jank0, @davezatz, @nickstatt, @sadlyitsbradley, @epro, and @nickstatt
| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday …
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| Kirsten Korosec / TechCrunch: |
Autonomous vehicle startup Argo AI, which raised $2.6B+, is shutting down; sources say parts of the company and some employees would be absorbed by Ford and VW — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
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| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox's content and services revenue, after sharing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company's Xbox Game Pass subscription service is already profitable.
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Tweets: @tomwarren, @tomwarren, @k__med, @kmega4, @jmaine518, @vicious696, @iansherr, and @destinlegarie
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation …
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Samsung Newsroom, The Verge, Reuters, Nikkei Asia, CNN, BBC, SamMobile, CNET, and Nikkei Asia
| Steven Musil / CNET: |
Samsung reports Q3 operating profit down 31%+ YoY to $7.65B, the first decline in ~3 years, revenue up ~4% YoY to $54.1B, and semiconductor sales down 14% YoY — Samsung's quarterly profit declined in the third quarter for the first time in nearly three years economic uncertainty continues … | Reuters: |
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated — Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves …
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Ars Technica, SiliconANGLE, SlashGear, Insider, The Register, Bloomberg, Electrek, Forbes, Gizmodo, and dot.LA
Tweets: @reuters, @mountainherder, @karlbode, @karlbode, @mccarthyryanj, and @filippie509
| Chance Miller / 9to5Mac: |
Apple patches a bug in iOS 16.1 and macOS Ventura that could let apps with Bluetooth access record user conversations with Siri without needing mic access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.
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Tweets: @pirafrank, @_chuckyc, @lapcatsoftware, and @jonathan_wise
| Jon Victor / The Information: |
Andy Rubin incorporated home security monitoring software startup Simple Things in July 2020 and appears to have hired staff from his defunct startup Essential — Andy Rubin is planning his next act. — The former Google executive, who received a $90 million severance package following … | David Gutman / The Seattle Times: |
A Washington judge fines Meta ~$24.7M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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Washington State, Seattle Business Journal, and GeekWire
Tweets: @elijsanders, @agowa, @elijsanders, @katieharbath, @brierdudley, @jvagle, @elijsanders, @evelyndouek, and @karlbode
| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team” — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
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The Verge and OpIndia
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| Wayne Ma / The Information: |
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release — Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year …
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MacRumors, BGR India, Wall Street Journal, SlashGear, XDA Developers, and MobileSyrup
Tweets: @parismartineau, @jessicalessin, @viticci, @mcwm, @samifathi_, @parkerortolani, @stroughtonsmith, @stroughtonsmith, @bengeskin, @gartenberg, and @anm
| Mack DeGeurin / Gizmodo: |
The UK's ICO warns organizations about the risks of using “emotional analysis” tech, and plans to publish its biometric guidance in spring 2023 — The watchdog's deputy commissioner warned the tech wasn't backed by science and that any benefits were outweighed by the risks. — Alerts
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Information Commissioner's … and The Guardian
Tweets: @iconews, @alexhern, @katecrawford, and @privacymatters
| Han Chen / Axios: |
Report: US state and local governments kept buying Chinese telecom equipment despite a federal-level ban; only five states have rules to limit such purchases — Despite federal efforts to block Chinese telecom equipment from U.S. supply chains, state and local governments across …
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Center for Security …, Nextgov, StateScoop, and Defense One
Tweets: @csetgeorgetown, @loopemma, @joshuasteinman, @mytechmusings, and @williamyang120
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