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February 2, 2023, 7:00 AM
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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.| CNBC: |
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.
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CoinDesk, UploadVR, Gizmodo, Cointelegraph, Decrypt, Micky, The Block, Kotaku, The Overspill, Insider, Watcher Guru, and Fortune
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| 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.
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Beyond Search, NPR, and Shacknews
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| Taylor Hatmaker / TechCrunch: |
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| Mike Isaac / New York Times: |
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Insider. Tweets: @traceyryniec, @mikeisaac, @therealhoarse, @carnage4life, @vettechtrader, and @mikeisaac
| Jordan Novet / CNBC: |
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ExchangeWire.com, AdExchanger, MarketWatch, and Silicon Valley Business …
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| 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 …
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| Krystal Hu / Reuters: |
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Silicon Republic, Voicebot.ai, Mashable, Exponential View, Ars Technica, Top Startups 2023, and Watcher Guru. Tweets: @marshallk
| TechCrunch: |
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 …
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CNBC, BetaNews, Engadget, Neowin, and Daily Mail
Tweets: @twitterdev, @twitterdev, @luca, @mild_sunrise, @tabitasurge, @twitterdev, @dimensionmedia, @chetfaliszek, @tree_of_alpha, @ninstatusbot, @chrisapplegate, @theessem, @acecourtbot2, @frankdegods, @namgoreng, @geoffwithasword, @pixeldesu, @kisu_morrow, @splatoon3ink, @jeffseibert, @tier10k, @ow, @stampsbot, @tante, @jamesrbuk, @martinsfp, @phineyes, @fart, @thekenyeung, @marshallk, @wabetainfo, @ivanontech, and @psmith
| 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.
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| 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 …
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Neowin, Microsoft Tech Community, Thurrott, MSPoweruser, and Windows Central
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| Reed Albergotti / Semafor: |
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Tweets: @gravicle, @aaronwall, @ashleevance, @s8mb, @carlquintanilla, @semaforben, and @reedalbergotti
| 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.
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9to5Google, Wccftech, MakeUseOf, Gizchina, Tom's Guide, T3, and TechSpot
Tweets: @techledes, @backlon, @maxwinebach, @eliblumenthal, @rdrv3, @danackerman, @gregorymcfadden, @richontech, @richontech, @tomgara, @richontech, and @ryan_browne_
| 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 …
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VentureBeat and Electronic Arts Inc.
Tweets: @ethangach, @frank_supercell, @damianburns, @gamesbeat, @deantak, and @rushindrasinha
| Marissa Newman / Bloomberg: |
Legal documents: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies over scraping — Facebook owner Meta Platforms Inc. for years paid a contractor to scrape data from other websites while publicly condemning …
Tweets: @yoda, @audiosilver, @karde, @karllorey, @martinsfp, and @oliviasolon
| 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.
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9to5Mac, CryptoSlate, and Watcher Guru
| Bloomberg: |
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.
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Video Games Chronicle, The Verge, Engadget, Financial Times, Pocket-lint, Nikkei Asia, Reuters, Variety, Deadline, and The Hollywood Reporter
Tweets: @nib95_, @zhugeex, @andyplaytonic, @piershr, @zuby_tech, @playstation, and @6d6f636869
| Paul Alcorn / Tom's Hardware: |
AMD announces its Ryzen 7000X3D pricing: 7950X3D for $699, 7900X3D for $599, both available on February 28, and 7800X3D for $449, available on April 6 — 3D V-Cache to the masses. — AMD announced three new Zen 4 Ryzen 7000X3D processors for its AM5 platform at CES 2023 … | 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.
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Federal Trade Commission, goodrx.com, Neowin, Gizmodo, CBS News, Engadget, MedCity News, PYMNTS.com, PaymentSecurity.io, SC Media, Wall Street Journal, Bloomberg Law, Associated Press, and STAT
Tweets: @ftc, @ftc, @evacide, @jshermcyber, @bethwaldron, @nytimestech, @wbm312, @thomasgermain, @rebeccaklar_, @rebeccaklar_, @ftc, @erinbrodwin, and @brockewturner
| 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 … | Mike Wheatley / SiliconANGLE: |
Craft, whose data platform helps supply chain, procurement, and risk managers monitor their networks of suppliers, raised a $32M Series B led by BAM Elevate — Enterprise supply chain intelligence startup Craft Co. said today it has closed on a $32 million Series B equity financing round led by BAM Elevate … Sponsor Posts
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