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July 26, 2023, 4:50 AM
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Alphabet - Investor Relations:
Alphabet reports Q2 revenue of $74.6B, up 7% YoY, net income of $18.37B, up from $16B YoY, Google Cloud revenue of $8.03B, up from $6.28B YoY; GOOG is up 6%+  —  Announces Plans for Chief Financial Officer Transition and Appointment of President and Chief Investment Officer MOUNTAIN VIEW …
Ivan Mehta / TechCrunch:
Google says 2B+ logged-in monthly users are watching YouTube Shorts, up from 1.5B+ in June 2022, and YouTube is reaching 150M people on their TVs in the US  —  Google said today that more than 2 billion logged-in monthly users are watching YouTube Shorts, giving it an edge over competitors like TikTok and Instagram Reels.
More: CNBC
CNBC:
Alphabet CFO Ruth Porat will become the President and Chief Investment Officer of Alphabet and Google, overseeing Other Bets, effective September 1, 2023
Wall Street Journal:
Emails: X offers discounts on new video ads in the US and UK and warns advertisers that they will lose verified status unless they reach spending thresholds  —  Social-media site X is offering hefty discounts to lure back ad dollars  —  X Corp. is cutting ad prices as it tries to woo brands back to the Elon Musk-owned platform.
Ivan Mehta / TechCrunch:
Twitter rolls out its updated “interim” X logo, replacing the iconic bird, following Elon Musk's weekend announcement; X.com now redirects to twitter.com
More: Business Today, Washington Post, Popular Mechanics, Watcher Guru, TIME, MobileSyrup, PetaPixel, Insider, Why Evolution Is True, Metro.co.uk, Gizmodo, Newser, The Verge, Agence France-Presse, gHacks Technology News, Macworld, PYMNTS.com, CoinDesk, Insider, and Manton Reece
LinkedIn: Donita Prakash, Timø Ronan, Alex Kantrowitz, and Leela Srinivasan.  Bluesky: @mmasnick.bsky.social
Mastodon: @mimsical@mastodon.social, @Renee@mastodon.social, and @lauren@mastodon …
Twitter: @lindayacc, @elonmusk, @elonmusk, @martingrasser, @elonmusk, @lindayacc, @elonmusk, @elonmusk, @lindayacc, @waynesutton, @mcjesse, @elonmusk, @kantrowitz, @requiemarm, @lindayacc, @rmac18, @eliothiggins, @levie, @chafkin, @tedlieu, @arictoler, @erratarob, @rmac18, @gaetaamy, @paulg, @rmac18, @alex193a, @rmac18, @profgalloway, @parismarx, @parismarx, @rachelmetz, @jayrosen_nyu, @peterjukes, @hbomberguy, @sesamestreet, @matttomic, @eyepatchwolf, @0xdesigner, @maxdubler, @azealia_tiktok, @hardmaru, @lunch_enjoyer, @0xgaut, @moorehn, @kenklippenstein, @normative, @netik, @sawyermerritt, @joshshepperd, @jtriest, @esthercrawford, @zeddary, @mabintou, @samleecole, @ch1w33th3d0g, @gaysexforreal, @drmistercody, @wagatwe, @davegerhardt, @brushalt, @rajatsuri, @paulg, @0xfoobar, @ccanonne_, @mkbhd, @tomhfh, @tomwarren, @leederca, @fontendou, @mikedrucker, @noahshachtman, @jack, @kate_rouch, @keewa, @pankendev, @parkermolloy, @kurtruslfanclub, @rothschildmd, @nixcraft, @thegarrettscott, @b_hvrd, @stealthygeek, @stateofronance, @ruskin147, @jessicacadams, @tomwarren, @nmsonline, @webdesignmuseum, @nadineaucamp, @mrbiffo, @keffals, @riptari, @karlremarks, @lindayacc, @nikitabier, @austen, @beeple, @savvyauntie, @channel4, @mrdavemacleod, @teslaownerssv, @halomancer1, @davidmackau, @amandamgoetz, @birdyword, @byyourlogic, @selsaystuff, @mike27356894, @turtlekiosk, @harrymccracken, @levie, @jonrussell, @elonmusk, @elonmusk, @zoeschiffer, @timsweeneyepic, @tomcoates, @mgsiegler, @tedlieu, @paulg, @jdcmedlock, @katie_roof, @emilcdc, @bendreyfuss, @yosephpaulos, @jamestobyne, @edzitron, @josephpolitano, @benedictevans, @gabor, @cameronwilson, @jangles, @rmac18, @sherman4949, @xxdepthxx, @largeroundson, @rmac18, @prateekwaghre, @levie, @alexeheath, @karaswisher, @benparr, @eliothiggins, @mshannahmurphy, @evacide, @zoeschiffer, @lcamtuf, @karaswisher, @alexdobie, @austen, @austen, @loupas, @jujuujba, @nycsouthpaw, @gruber, @killedbygoogle, @allergictoguac, @benedictevans, @danprimack, @packym, @levie, @parismarx, @itsmichelebro, @rmac18, @katzish, @stuli1989, @whstancil, @joshconstine, @edzitron, @ctjlewis, @pt, and @ditzkoff
Threads: @taylorlorenz, @keithedwards, @shellen, and @crumbler
Vlad Savov / Bloomberg:
Elon Musk says the X rebrand isn't “simply a company renaming itself” but a move to remake Twitter into a platform for communications and financial transactions
Casey Newton / Platformer:
Elon Musk's rebranding of Twitter to X shows his takeover is best understood not as a money-making endeavor, but as an extended act of cultural vandalism
Microsoft - Investor Relations:
Microsoft reports Q4 net income up 20% YoY to $20.1B, revenue up 8% YoY to $56.2B, Office Commercial up 12% YoY, Dynamics 365 up 26% YoY, and LinkedIn up 5% YoY  —  , as compared to the corresponding period of last fiscal year:  · Revenue was $56.2 billion and increased 8% (up 10% in constant currency)
Jordan Novet / CNBC:
Microsoft reports Q4 Intelligent Cloud revenue up 15% YoY to $23.99B, vs. $23.79B est., with Azure and other cloud services revenue up 26% YoY
Tom Warren / The Verge:
Microsoft reports Q4 devices revenue down 20% YoY, overall gaming revenue up 1% YoY, Xbox hardware revenue down 13% YoY, and Windows OEM revenue down 12% YoY
Ben Tarnoff / The Guardian:
A profile of Joseph Weizenbaum, who created the first chatbot in 1966 but turned against AI, believing the computer revolution constricted our humanity  —  Computer scientist Joseph Weizenbaum was there at the dawn of artificial intelligence - but he was also adamant that we must never confuse computers with humans
Jason Nelson / Decrypt:
OpenAI shuts down its AI classifier for indicating AI-written text, citing “its low rate of accuracy”, and will research “more effective provenance techniques”  —  In January, artificial intelligence powerhouse OpenAI announced a tool that could save the world …
David Pierce / The Verge:
The Browser Company launches Arc on macOS and iOS after a two-year waitlist; the browser helps users take notes, redesign webpages, organize tabs, and more  —  Arc, the Mac and iOS browser from The Browser Company, is finally ditching its waitlist.  The company has been testing the app …
Josh Sisco / Politico:
Sources: the FTC is finalizing its antitrust suit against Amazon and is likely to file its case in federal court rather than its own tribunal as soon as August  —  A case would be a high-water mark for FTC Chair Lina Khan who gained prominence criticizing the company's dominance.
Jeff Wilser / CoinDesk:
A look at the origins of Worldcoin's eye-scanning orb, how the company is trying to safeguard user privacy, its tokenomics, policy challenges, and more  —  Is Sam Altman's UBI startup a smart countermeasure to AI, or a privacy nightmare?  Jeff Wilser reports.  —  I've traveled to Berlin to stare into the future.
Anto Antony / Bloomberg:
A profile of Indian edtech giant Byju's CEO Byju Raveendran, who has been in crisis mode for months but is expecting a $1B equity investment as early as August  —  - Indian firm has struggled to overcome issues with liquidity  — US investors accused Byju's of hiding half a billion dollars
More: Tech in Asia, Livemint, MediaNama, Reuters, and TechCrunch
LinkedIn: Anto Antony.  Twitter: @pelstrom and @kanthan2030

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About This Page

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
WBD sues the NBA over the league's “unjustified” decision to sell a package of media rights to Amazon, to which WBD claims to have a “contractual right”

Bron Maher / Press Gazette:
Mail Online, The Independent, Daily Mirror, and Daily Express roll out “consent or pay” walls charging users £1.99 to £4 per month for cookie-less access

Bloomberg:
A look at Joe Rogan's comedy club in Austin, called The Mothership, and the network of comedians and podcast hosts he has supported and attracted to the city

More News

Lauren Tara LaCapra / The Information:
Former employees detail how the Apple Card partnership between Apple and Goldman Sachs soured; a source says Apple Card had ~10M users as of earlier this year
Jonathan Vanian / CNBC:
Snap Q2: revenue down 4% YoY to $1.07B, vs. $1.05B est., global DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP down 16%+

Earlier Picks

Richard Lawler / The Verge:
OpenAI releases ChatGPT for Android in the US, Bangladesh, and Brazil, and plans to launch in more countries next week
Tim Perry / HTTP Toolkit:
As open web advocates raise concerns over the Web Environment Integrity proposal, a look at a similar Apple system shipped in 2022 to make Captchas unnecessary
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows
Raffaele Huang / Wall Street Journal:
Sources: TikTok plans to launch an e-commerce business in the US in early August to sell made-in-China goods to consumers and rival Shein and Temu
Elissa Miolene / Mercury News:
At schools across California, some Chromebook models are about to age out of software updates; 13 models hit their death date this summer and 51 will in 2024
Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August
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