Techmeme
January 31, 2023, 8:00 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 …

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
Zoho:
The evolution of remote support in telecommunications  —  Remote support, once a novel concept, has now become an indispensable tool in the telecom industry.  It offers a way to troubleshoot issues …
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Big Technology Podcast:
OpenAI's Big Week, Did Google Kill The Web, AWS CEO Resigns
The Big Technology Podcast, hosted by journalist Alex Kantrowitz, takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Techmeme Ride Home:
Fri. 05/17 - Reddit Embraces Its AI Role
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:00 PM ET, January 31, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Lauren Feiner / CNBC:
Mike Butcher / TechCrunch:
Amanda Silberling / TechCrunch:
Parmy Olson / Bloomberg:

Earlier Picks

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