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February 2, 2024, 2:50 PM
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Top News

Alex Koller / CNBC:
Apple starts selling the Vision Pro in the US; Tim Cook appeared at the company's flagship Fifth Avenue store in NYC for the launch  —  - Apple's Vision Pro virtual reality headset is now on sale at all U.S. Apple Store locations and the online U.S. Apple Store.
Anne Steele / Wall Street Journal:
Spotify signs a new multiyear deal with Joe Rogan, estimated to be worth $250M; his show will be available on multiple podcast platforms and YouTube  —  Hit show to be distributed broadly, including on YouTube, rather than exclusively on audio-streaming service
Barry Schwartz / Search Engine Land:
Google dropped the cache link from Search results snippets last week and plans to remove the cache functionality entirely “in the near future”  —  Google officially removed the cache link from the Google Search results snippets last week and Google confirmed that it will remove …
James Fanelli / Wall Street Journal:
Sources: in January, the US DOJ charged three people over a phone-hacking scheme that included the FTX hack to steal $400M+ during the exchange's 2022 collapse  —  The hack coincided with the crypto exchange's meltdown more than a year ago  —  Federal investigators appear to have cracked …
William Gallagher / AppleInsider:
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features and the company plans to detail its ongoing work “later this year”  —  Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Apple:
Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas net sales up 2% to $50.4B, and Europe net sales up 10% to $30.4B
Wesley Hilliard / AppleInsider:
Tim Cook says Apple doesn't intend to license Masimo's blood oxygen detection patents to end the US' Apple Watch import ban, and is instead “focused on appeal”
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone up 6% YoY to $69.7B, Mac up 1% YoY to $7.78B, iPad down 25% YoY to $7.02B, and Wearables, Home, and Accessories down 11% YoY to $11.95B
Subrat Patnaik / Bloomberg:
Meta's stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple's and Amazon's $190B gains in 2022  —  - Stock also holds record for the biggest wipeout in history  — Shares surge after big earnings beat, buyback, dividend plans
Financial Times:
China-based advertisers now account for 10% of the Meta's annual revenue and contributed 5 percentage points to its total worldwide revenue growth  —  The US group has benefited from huge but unsustainable outlays from Chinese advertisers  —  Facebook, Instagram and WhatsApp may be banned in China.
See also Mediagazer
Andy Greenberg / Wired:
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aiming to censor reports on Appin's alleged hacker-for-hire past  —  A loose coalition of anti-censorship voices is working to highlight the legal threats aimed at making reports of one Indian company's hacker-for-hire past disappear.
Rebecca Falconer / Axios:
Former CIA employee Joshua Schulte, who was convicted for leaking secrets to WikiLeaks, was sentenced to 40 years in prison on February 1 for espionage and more  —  A former CIA software engineer who was convicted of carrying out the largest data breach in the agency's history was sentenced …
Gian Volpicelli / Politico:
EU countries strike a deal on the AI Act, after announcing pro-innovation measures and an AI Office; the bill awaits formal approval of EU Parliament  —  The bloc's law to regulate AI overcomes threats of late opposition.  —  Free article usually reserved for subscribers
Jonathan Vanian / CNBC:
Meta's Reality Labs unit generated $1B+ in Q4 revenue but saw a record $4.65B operating loss; the metaverse division has now lost $42B+ since the end of 2020  —  - Meta's Reality Labs unit brought in over $1 billion in fourth-quarter sales but recorded an operating loss of $4.65 billion.
Sarah Perez / TechCrunch:
On Meta's earnings call, Zuckerberg says Apple's changes to comply with the EU's DMA are “so onerous” he doubts any developer, including Meta, would adopt them
Meta:
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023
Sarah Perez / TechCrunch:
Mark Zuckerberg says that Threads now has more than 130M MAUs, more than “during its initial launch peak”, and is “growing steadily”
Amazon:
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Akash Sriram / Reuters:
Amazon reports Q4 AWS revenue up 13% YoY to $24.2B, vs. $24.26B est., and operating income of $7.2B, up from $5.2B YoY

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This is a Techmeme archive page. It shows how the site appeared at 2:50 PM ET, February 2, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

New York Times:
Sources: if Sony and Apollo acquire Paramount Global, they plan to sell off CBS, cable channels like MTV, and Paramount+, while keeping Paramount Pictures

Sara Fischer / Axios:
Vice Media plans to create a joint venture with Savage Ventures, which will invest “tens of millions of dollars”, to relaunch its sites, including Vice.com

Daniel Thomas / Financial Times:
Ofcom report: UK broadcasters predict a “tipping point” when broadcast TV will become economically unviable as distribution costs rise and audiences move online

More News

Sergiu Gatlan / BleepingComputer:
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions
Asa Fitch / Wall Street Journal:
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026

Earlier Picks

Sergiu Gatlan / BleepingComputer:
Cloudflare says it was hacked in November 2023 by a suspected “nation state attacker” who used auth tokens stolen in Okta's breach from October 2023
Ron Amadeo / Ars Technica:
Google's fix for a Pixel phone storage bug, the second one in the past four months, is a very technical manual process requiring access to developer tools
Sarah Perez / TechCrunch:
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers
Andrew J. Hawkins / The Verge:
Google plans to roll out a Google Maps feature that uses LLMs to analyze its data on 250M+ places and community insights to recommend places, starting in the US
Kyle Wiggers / TechCrunch:
Google debuts ImageFX, an AI image generator underpinned by Imagen 2, with “expressive chips”, or keyword suggestions, and brings Imagen 2 to Vertex AI and Bard
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