| Apple: |
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B — Installed base crosses 2 billion active devices and hits all-time high for all major product categories — Services set new all-time revenue record| Kif Leswing / CNBC: |
Apple Q1 revenue: iPhone down 8% YoY to $65.8B, Mac down 29% YoY to $7.7B, iPad up 30% YoY to $9.4B, and Wearables, Home, and Accessories down 8% YoY to $13.5B — Follow your favorite stocksCREATE FREE ACCOUNT — Apple missed expectations for revenue, profit, and sales for many of its lines … | Michael Potuck / 9to5Mac: |
| TechCrunch: |
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead — Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version … | Alphabet: |
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234 — MOUNTAIN VIEW, Calif. - February 2, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2022.| Jon Swartz / MarketWatch: |
Alphabet reports Google advertising revenue down 4% YoY from $61.2B to $59B, below analyst estimates of $60.4B, and Google Search revenue down 2% YoY to $42.6B — Alphabet Inc.'s stock initially slipped in extended trading Thursday after it missed slightly on revenue and earnings in a ho-hum quarterly result.| Jennifer Elias / CNBC: |
| Todd Spangler / Variety: |
| Mark Gurman / Bloomberg: |
Sources: Apple decided not to replace departing VP of Industrial Design Evans Hankey; its group of ~20 industrial designers will report to COO Jeff Williams — Apple Inc. has decided against naming a new executive to replace its departing top product designer, marking a stark shift … | Wall Street Journal: |
TikTok's playbook to win DC's trust, like touring its Transparency and Accountability Center in California, echoes Huawei's unsuccessful US and Europe strategy — Chinese-owned app is taking steps that are similar to largely unsuccessful tactics used by the telecom giant — How TikTok Could Become a U.S. Company| Amazon: |
Amazon reports Q4 revenue up 9% YoY to $149.2B, net income down 98% YoY to $278M, AWS revenue up 20% YoY to $21.4B, and number of employees down 4% YoY to 1.54M — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022. Fourth Quarter 2022| Annie Palmer / CNBC: |
| Krystal Hu / Reuters: |
Similarweb: ChatGPT reached 100M MAUs and ~13M daily unique visitors in January 2023, two months after launch, becoming the fastest-growing consumer app yet — ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January … | Kyle Wiggers / TechCrunch: |
| Tom Warren / The Verge: |
Sony introduces Discord voice calls in beta for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more — Beta testers will be able to join Discord voice calls on a PS5 console in the US, Canada, Japan, and UK starting today.| Marissa Newman / Bloomberg: |
Legal docs: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies for scraping its sites — Facebook owner Meta Platforms Inc. for years paid a contractor to scrape data from other websites while publicly condemning … | Subrat Patnaik / Bloomberg: |
After a 64% decline in 2022, Meta's stock is up 110%+ since its November low, one of the S&P 500 Index's best-performing stocks, adding $250B+ to its market cap — A spectacular turnaround in Meta Platforms Inc.'s stock is bringing back flashes of Big Tech heydays.| Ben Thompson / Stratechery: |
| Tom Schoenberg / Bloomberg: |
Sources: US prosecutors in the DOJ's fraud unit are investigating California-based bank Silvergate over hosting accounts tied to FTX and Alameda Research — US prosecutors in the Justice Department's fraud unit are looking into Silvergate Capital Corp.'s dealings with fallen crypto giants FTX … | Bloomberg: |
Sony reports Q3 sales rose 13% YoY to ~$26.4B and operating income dropped 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales hit 7.1M, up from 3.9M 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.| Jon Victor / The Information: |
Docs: Verily's revenue grew to $470M in the first nine months of 2022, up from $228M YoY, making the company Alphabet's second biggest subsidiary by revenue — Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.| Olga Kharif / Bloomberg: |
Chainalysis lays off less than 5% of its staff as part of a reorganization; in January, its CEO said the company plans to grow staff by ~11% and expand globally — Chainalysis Inc., a company that specializes in tracking crypto transactions and the entities behind them, said it's made layoffs affecting less than 5% of staff.| Karissa Bell / Engadget: |
TikTok revamps its account enforcement system, including a new strike system meant to address “repeat offenders”, bringing its policy in line with its peers' — TikTok is trying to make it easier for creators and others to navigate its rules, and understand what's happening to their accounts.
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| Jonathan Stempel / Reuters: |