Techmeme
January 31, 2023, 8:05 PM

Top News

Casey Newton / Platformer:
Instagram co-founders Kevin Systrom and Mike Krieger form a venture to explore next-gen social apps; the first is Artifact, a TikTok-like app for news articles  —  EXCLUSIVE: Meet Artifact, a kind of TikTok for text  —  Kevin Systrom and Mike Krieger are back.
Jason Schreier / Bloomberg:
A look at Microsoft's prized 343 Industries, the studio behind Halo, after a leadership overhaul, layoffs, and more; sources detail a pivot to Unreal Engine  —  Microsoft Corp. says it's going to keep making new games in the popular Halo franchise at its prized 343 Industries studio — despite rumors to the contrary.
Ina Fried / Axios:
Jack Schickler / CoinDesk:
Independent examiner: Celsius misled its investors, sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more  —  Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
The Verge:
Apple HomePod (second-gen) review: similarly good sound quality, useful sensors, and a responsive Siri, but pricey and the best experience is via a paired set  —  Apple's second take on the HomePod doesn't stray far from the original, but it's better all around.
Ashley Capoot / CNBC:
TJ Denzer / Shacknews:
EA Q3: revenue up 5% YoY to $1.88B, vs. $2.5B est., net income up 209% YoY to $204M, net bookings down 9% YoY to $2.34B, and lowers FY guidance; stock drops 5%+  —  The game publishing giant reduced its full year revenue expectations by about half a billion dollars in its latest quarter guidance.
Takashi Mochizuki / Bloomberg:
Sources: Sony halves its PlayStation VR2 shipment forecast to ~1M units in Q1 after early preorders disappointed; the headset is slated to launch on February 22  —  Sony Group Corp. reduced projections for the initial launch of its PlayStation VR2 headset dramatically after early pre-orders disappointed …
Jonathan Vanian / CNBC:
Snap Q4: revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, vs. 375.3M est., and a $288M net loss, vs. $23M in net income YoY; stock down 13%+  —  - Snap missed on revenue for the fourth quarter but beat on earnings.  — Snap had a rough 2022, as a slowing economy led numerous companies …
Anna Nicolaou / Financial Times:
Sylvia Varnham O'Regan / The Information:
Sources: Meta executives are debating whether to relax the company's long-standing opposition to sharing ad revenue with creators, as it seeks to boost Reels  —  When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they're likely to pepper the Meta Platforms CEO …
Kif Leswing / CNBC:
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales  —  - AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts …
Brian Merchant / Los Angeles Times:
The goal of the Big Tech layoffs is to bring workers to heel and cultivate an insecure workforce, as an official recession hasn't hit the US or its tech sector  —  In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs.
Reuters:
Samsung reports ~$1.38B in Q4 mobile profit, down from ~$2.15B in Q4 2021, and does not plan to slash chip investment from 2022 to 2023, in contrast to rivals  —  South Korea's Samsung Electronics Co Ltd (005930.KS) on Tuesday indicated it has no plan to cut investment in chips this year …

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Earlier Picks

Jillian Deutsch / Bloomberg:
John Herrman / New York Magazine: