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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: |
More: Insider, Financial Times, Reuters, Bloomberg, Business Today, Business Post, diginomica, CNBC, MBI Deep Dives, CoinDesk, The Block, and TechCrunch
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 …
More: Laptop Mag, TechRadar, GSMArena.com, 9to5Mac, PhoneArena, Android Authority, gHacks Technology News, MobileSyrup, iClarified, BGR, iThinkDifferent, iPhone in Canada Blog, Wccftech, Macworld, AppleInsider, and The Apple Post
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
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Access:
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A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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Anthropic's quest to study the negative effects of AI is under pressure
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