February 2, 2023, 7:00 AM

Top News

Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps ~20%  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Meta reports $727M Reality Labs revenue in Q4, vs. $715.1M est., a $4.28B operating loss, vs. $4.36B est., a $13.72B loss in 2022, and expects a wider 2023 loss  —  - Meta's Reality Labs unit recorded a $4.28 billion loss in the fourth quarter, bringing its total operating loss for the year to $13.72 billion.
Karissa Bell / Engadget:
Meta says Facebook had 2B daily active users at the end of Q4, after adding 16M DAUs; WhatsApp crossed 2B daily active users in October 2022  —  Almost 20 years in, Facebook is still growing.  The social network now has 2 billion daily active users, Meta reported alongside its fourth-quarter earnings.
Taylor Hatmaker / TechCrunch:
Mike Isaac / New York Times:
Jordan Novet / CNBC:
Kyle Wiggers / TechCrunch:
OpenAI launches ChatGPT Plus, a pilot plan with access in peak times, faster response times, and priority access to new features, in the US for $20 per month  —  Aiming to monetize what's become a viral phenomenon, OpenAI today launched a new pilot subscription plan for ChatGPT …
Twitter plans to end free access to its API starting February 9, shuttering support for both v1.1 and v2, making a paid version available instead  —  Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version, the Elon Musk-owned microblogging website …
Emma Roth / The Verge:
Netflix says US password sharing rules haven't been set yet and removes rules from its US help page saying users must connect to a “primary Wi-Fi” every 31 days  —  Based on info sourced from Netflix's support pages, The Streamable reported on Tuesday details about its upcoming anti-password sharing efforts.
Nicole Herskowitz / Microsoft 365 Blog:
Microsoft's Teams Premium hits general availability for $10 per user per month; AI-generated notes powered by OpenAI's GPT-3.5 arrive “in the coming months”  —  As we face economic uncertainties and changes to work patterns, organizations are searching for ways to optimize …
Reed Albergotti / Semafor:
Allison Johnson / The Verge:
Samsung debuts the $1,200+ Galaxy S23 Ultra, similar to the S22 Ultra but with a 200MP camera, more robust optical image stabilization, and better battery life  —  The Samsung Galaxy S23 Ultra is an S22 Ultra with an extra layer of polish — figuratively speaking.
Dan Gallagher / Wall Street Journal:
EA pulls the plug on Apex Legends Mobile and the planned mobile version of its Battlefield franchise, as mobile remains a hard market to crack for the company  —  ‘Apex Legends Mobile’ misfire drives videogame publisher to pull plug amid tough period  —  When one of the biggest videogame makers …
Sarah Perez / TechCrunch:
Decentralized social network app Damus debuts on the App Store with E2EE for DMs; Damus uses the Nostr protocol, to which Jack Dorsey donated ~14 BTC in 2022  —  Another decentralized social networking application to challenge Twitter has hit the App Store.
Sony reports Q3 sales rose 13% YoY to ~$26.4B as operating profit drops 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales were 7.1M, up from 4M YoY  —  Sony Group Corp. revised up its full-year profit outlook after earnings beat estimates and the company had its best quarter of PlayStation 5 sales.
Natasha Singer / New York Times:
Drug discount app GoodRx agrees to pay $1.5M to settle with the FTC, which said the company wrongfully gave intimate health info to Meta, Google, and others  —  The popular drug discount app deceptively shared details on users' illnesses and medicines with ad firms, regulators said in a legal complaint.
Ali Breland / Mother Jones:
Kiwi Farms, a forum for online harassment campaigns, has managed to stay online after being dropped by Cloudflare, as posters congregate on Telegram and Discord  —  If you or someone you care about may be at risk of suicide, call or text the National Suicide Prevention Lifeline …

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