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July 27, 2023, 8:20 AM
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| Meta Investor Relations: |
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2023. — “We had a good quarter.
More: Game Developer, Reuters, Coinspeaker, The Messenger, Engadget, CNBC, Bloomberg, Wall Street Journal, Insider, SiliconANGLE, Wall Street Journal, Search Engine Land, Financial Times, Agence France-Presse, Hollywood Reporter, CNN, Seeking Alpha, Channel NewsAsia, MarketWatch, Forbes, and Variety
Twitter: @divestech, @munster_gene, @jason_kint, @stockmktnewz, @munster_gene, @divestech, @ericjhonsa, @eric_seufert, @munster_gene, @munster_gene, @mikeisaac, @swiftstories, @munster_gene, @mikeisaac, @conorsen, @jason_kint, @3peakstrading, @richlightshed, @thetranscript_, @zerohedge, @kobeissiletter, @munster_gene, @ophirgottlieb, @ghadjia, @ramahluwalia, @rihardjarc, @jason_kint, @macton93, @munster_gene, and @supbagholder
Threads: @carnage4life and @carnage4life
| Jonathan Vanian / CNBC: |
Meta's Reality Labs reports a $3.7B operating loss in Q2, vs. $3.5B est., and expects losses to “increase meaningfully” due to VR/AR and ecosystem investments — - Meta's Reality Labs unit, which develops virtual reality and augmented reality technologies, logged …
More: Road to VR, crypto.news, The Overspill, CryptoSlate, Watcher Guru, Cointelegraph, Fortune, Tech Startups, and Blockworks
Bluesky: @mranthropology.bsky.social. Twitter: @ibogost, @mdbaccardax, @ibogost, @mikeisaac, @wholemarsblog, @jimcramer, @ldrogen, @metacriticcap, @thekantoarbot, @kingfazir, @scobleizer, and @crusoniac
| Bloomberg: |
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Twitter: @beth_kindig, @matthewscarr, @economyapp, @supbagholder, @jason_kint, @charliebilello, and @jaguaranalytics
| Scott Nover / Quartz: |
More: Silicon Republic, Search Engine Journal, Digital Trends, TechCrunch, Telegraph, and Social Media Today
Twitter: @mikeisaac, @sarthakgh, @claudebrodesser, @zerohedge, and @zaybo777
| Steve Moser / MacRumors: |
iOS 17 beta 4 code hints at a rumored Action button, offering quick access to Shortcuts, Silent Mode, Camera, and more, similar to the Watch Ultra's button — Apple released the fourth beta of iOS 17 to developers yesterday, and among the changes in the latest beta are some new code snippets …
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Twitter: @appltrack, @9techeleven, and @stevemoser
Forums: r/apple and MacRumors Forums
| CNN: |
US prosecutors ask a judge to detain Sam Bankman-Fried over witness tampering allegations, saying he leaked Caroline Ellison's personal writings to the NYT — New York CNN — — US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
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Twitter: @innercitypress, @innercitypress, @coinage_media, @molly0xfff, and @nikhileshde. Forums: r/CryptoCurrency
| Nikhilesh De / CoinDesk: |
The US DOJ informed a federal judge that Sam Bankman-Fried won't face the campaign finance charge, which wasn't part of an extradition document with The Bahamas — The Justice Department said late Wednesday that the campaign finance charge was not included in an extradition document with The Bahamas … | Kim Mackrael / Wall Street Journal: |
The EU opens an antitrust investigation into whether Microsoft abuses its dominant position by bundling Teams with Office, the first investigation in 10+ years — Probe marks the first time in a decade that Microsoft has come under formal investigation by Brussels
More: European Commission, Engadget, TechCrunch, The Verge, CNBC, Reuters, Associated Press, Business Post, Neowin, Financial Times, BigTechWire, Bloomberg, and Variety
Twitter: @eu_competition, @lewis_crofts, and @simonvandorpe
| @esthercrawford: |
Ex-Twitter Director of Product Management Esther Crawford on the “culture of fear”, Elon Musk's strengths and weaknesses, the sleeping bag incident, and more — Like seemingly everyone on this app I have plenty of opinions about Twitter > X and figure now is a good time to open up a bit about my experience at the company. I tweeted for years into the void for the love of it like many of you, but after selling my startup to Twitter in... [video]
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Threads: @jordanroher and @hunterwalk
| Financial Times: |
More: The Guardian and Cryptopolitan
Bluesky: @mattufford.bsky.social. Twitter: @mshannahmurphy, @filmthepolicela, @xnewsdaily, and @yoda
| Aisyah Llewellyn / Al Jazeera: |
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Mastodon: @Rasta@mstdn.ca and @ryanschultz@mastodon.social
| Jeffrey Dastin / Reuters: |
AWS VP Swami Sivasubramanian says thousands of customers, including Sony and Ryanair, have tried its AI services suite Bedrock ahead of a wider roll out “soon” — Amazon.com's (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft …
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| Dina Bass / Bloomberg: |
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| Sheila Chiang / CNBC: |
Samsung reports Q2 revenue down 22% YoY to ~$47.21B, below analyst expectations of ~$47.7B, and operating profit down 95% YoY to ~$525M due to weak phone demand — - Samsung is the world's largest maker of dynamic random-access memory chips, which are found in consumer devices such as smartphones and computers.
More: Reuters, Sam Lover, NBC 7 San Diego, The Korea Herald, AppleInsider, Engadget, SiliconANGLE, Wccftech, ZDNet, SamMobile, Bloomberg, Sammy Fans, and The Verge
| David Pierce / The Verge: |
A postmortem of Neeva, which tried to build a faster, simpler, and ad-free search engine, and how default search engine choices reinforce Google's dominance — A couple of ex-Googlers set out to create the search engine of the future. They built something faster, simpler, and ad-free.
Mastodon: @carnage4life@mas.to. Twitter: @lutherlowe. Threads: @imdavidpierce and @parkerortolani
Forums: r/technology and Beehaw
| David Welch / Bloomberg: |
Waymo plans to slow the development of autonomous trucking as the company moves its focus and investment to ride-hailing — Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that's being done by its Via subsidiary.
More: Waypoint, TechCrunch, Digital Trends, SiliconANGLE, Neowin, The Verge, FreightWaves, SlashGear, Reuters, Engadget, 9to5Google, The Last Driver License Holder, and Brad Ideas. Forums: r/SelfDrivingCars
| New York Times: |
Lindsey Graham and Elizabeth Warren announce the Digital Consumer Protection Commission Act, seeking an independent regulator to license and police Big Tech — Mr. Graham, a Republican, is the senior senator from South Carolina. Ms. Warren, a Democrat, is the senior senator from Massachusetts.| Reuters: |
Source: about 10 years ago, Tesla rigged the dashboard to overstate battery range; in 2022, Tesla created a “Diversion Team” to suppress thousands of complaints — About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” … | Lora Kolodny / CNBC: |
Sources: the California AG is investigating Tesla, seeking information from customers and ex-employees about Autopilot safety issues and advertising complaints — - The California attorney general is investigating Tesla, CNBC has learned, seeking information from customers …
More: Neowin, SlashGear, The Hill, Wccftech, The Verge, MarketWatch, and Los Angeles Times
| Jon Porter / The Verge: |
Slack experienced an “outage across the app” starting around 5AM ET for about an hour, including issues with sending messages and search — Slack, the workplace chat app, experienced an outage this morning, with messages failing to send on the service.
More: downdetector.co.uk, Slack System Status, 9to5Mac, The Register, The i Paper, New York Times, Livemint, The Sun, TechRadar, CNBC, and Tech.co
| Wes Davis / The Verge: |
T-Mobile rolls out ultrafast 5G capable of 3.3Gbps, first in a few US markets for Samsung Galaxy S23 users only, then nationwide in “the coming weeks” — / T-Mobile's new wireless tech is live in a few markets and will be available nationally in ‘weeks.’
More: T-Mobile, Android Authority, Fierce Wireless, Droid Life, RCR Wireless News, Sammy Fans, and CommsUpdate
LinkedIn: Henry Chalian and Ulf Ewaldsson
| Washington Post: |
How Russia's invasion led Ukraine to innovate in combat drones, including improving speed, flight range, and payload, and the implications for warfare globally — The advent of AI-enabled drones holds huge promise for Ukraine's military but may also be exploited by nefarious non-state actors
Twitter: @theresaafallon, @john_hudson, @john_hudson, @ukraine_world, @john_hudson, and @john_hudson
Forums: r/UkrainianConflict and r/ukraine
| Morgan Meaker / Wired: |
As Israel enacts controversial judicial reforms, many tech companies are protesting or distancing themselves from the country, moving money and HQs overseas — As protests rage over Israel's controversial reforms to the supreme court, many tech companies have been moving their money and headquarters offshore.Sponsor Posts
Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
3 smarter updates for your staffing pipeline — Staffing recruiters manage multiple client requirements, large candidate databases, and tight submission deadlines. Finding suitable candidates is only the first step.
3 smarter updates for your staffing pipeline — Staffing recruiters manage multiple client requirements, large candidate databases, and tight submission deadlines. Finding suitable candidates is only the first step.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.Featured Podcasts
Grit:
The Difference Between 1% Improvements and 10x Growth | Immad Akhund
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
How a 19-year-old intern built the growth engine behind this $2B AI company | Hector Serrano
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Big Tech's Ugly Week, Getting Rich At Anthropic, AI Costs Plunge
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Machine Gods:
OpenAI's Latest Discoveries Spark a Backlash + Help! My Kid Hates AI
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Cheeky Pint:
Why Sam Altman is against a single superintelligence
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
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