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August 7, 2024, 7:10 AM
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| Sara Fischer / Axios: |
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott” — Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
More: New York Times, Platformer, Silicon Republic, The Verge, TechCrunch, Gizmodo, Financial Times, PCMag, Ars Technica, Mashable, Rumble, PhoneArena, TechSpot, Cybernews.com, Proactive, KnowTechie, BBC, TweakTown, Neowin, New York Post, SiliconANGLE, Social Media Today, Pirate Wires, The Hollywood Reporter, Android Headlines, Adweek, Engadget, The Verge, Fast Company, Business Insider, Digiday, MobileSyrup, The Independent, The Hill, Deadline, Wired, Quartz, Reuters, Thurrott, Variety, Bloomberg, The Information, Financial Times, and Digiday
Threads: @crumbler, @mac_ryan_, @reckless1280, @taylorlorenz, @crumbler, @hunterwalk, @kalihays1, @mac_ryan_, @daveleebbg, @carnage4life, @martinsfp, @kalihays1, @enjoyingeveryminute, @drewharwell, @mattrichardson, @moskov, @karaswisher, @karaswisher, and @kalihays1
Mastodon: @chrisgeidner@journa.host, @GossiTheDog@cyberplace.social, @metacurity@infosec.exchange, @MarcAbrahams@mstdn.science, @jalefkowit@vmst.io, @dmoren@zeppelin.flights, and @ianb@mastodon.well.com
X: @lindayax, @lindayax, @elonmusk, @elonmusk, @rumblevideo, @elonmusk, @catthekin, @scottderrickson, @baekdal, @brianroemmele, @chrispavlovski, @tracybeanz, @joshtpm, @joshtpm, @gergelyorosz, @chrispavlovski, @kyliebytes, @billackman, @allahliker, @silvermanjacob, @binarybits, @snazzylabs, @pt, @harrymccracken, @bobbyallyn, @bobbyallyn, @adamkovac, @fmanjoo, @toptickcrypto, @fmanjoo, @kchoudhu, @thechosenberg, @ryanbarwick, @kristyt, @somewheresy, @jack_raines, @michaelmiraflor, @ryxcommar, @oalexanderdk, and @colin_fraser. LinkedIn: Greg Glenday
Forums: Hacker News, r/TheAllinPodcasts, r/law, r/Destiny, r/economy, r/inthenews, r/facepalm, r/LeopardsAteMyFace, r/business, r/neoliberal, and r/law
| Jonathan Vanian / CNBC: |
Reddit reports Q2 revenue up 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques up 51% YoY to 91.2M, and net loss down from $41.1M in Q2 2023 to $10.1M — Reddit reported second-quarter results on Tuesday that topped analysts' estimates. — Here are the key numbers:
More: Social Media Today, Reuters, The Information, Investor's Business Daily, Reuters, and Bloomberg
Threads: @jonathan_vanian_1. X: @tidefallcapital, @glenngabe, and @tidefallcapital. Forums: r/wallstreetbets
| Lauren Forristal / TechCrunch: |
Reddit says it plans to test AI-powered search result pages later in 2024, using a combination of first-party and third-party tech to power the feature — Reddit users will soon see AI-generated summaries at the top of search results. — Reddit CFO Drew Vollero told investors during …
More: Engadget, The Verge, Reddit, Inc., PhoneArena, and Android Headlines
| Financial Times: |
UK officials say X has been less responsive to removing disinformation than Meta, Google, and TikTok, as Elon Musk launches a series of jibes at Keir Starmer — Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
More: Politico, BBC, Bloomberg, The Guardian, The Times, Mashable, Business Insider, Washington Post, Social Media Today, NBC News, Mother Jones, The Independent, and Inc.com
X: @adam_grant_bell, @elonmusk, @elonmusk, @elonmusk, @drjennings, @mrdenmore, @annasophiegross, @mij_europe, @johnobrennan2, @elonmusk, and @elonmusk. Forums: r/ukpolitics
| CNBC: |
Microsoft says Delta, which said it had to manually reset ~40K PC servers because of CrowdStrike, had “not modernized its IT infrastructure” and refused “help” — Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages …
More: The Verge, Barron's Online, Associated Press, The Register, TweakTown, Skift, Cyber Daily, Business Today, Benzinga, Mashable, CIO Dive, iTnews, CRN, NBC News, New York Times, Axios, Windows Central, Neowin, Reuters, The Hill, DatacenterDynamics, Bloomberg, and Wall Street Journal
Threads: @bdsams. X: @paulrobichaux, @sysadafterdark, @andrewjmcclure, @film_girl, @tomwarren, @david_slotnick, and @kpottermn. LinkedIn: Patrick Moorhead
Forums: r/technology and r/delta
| Jessica Lyons / The Register: |
CrowdStrike shares a root cause analysis of the July 19 outage, and says it's working with two third-party software security vendors to conduct further review — And reveals the small mistake that bricked 8.5M Windows boxes — CrowdStrike has hired two outside security firms to review …
More: CrowdStrike, The Verge, Runtime, Neowin, The Cyber Express, SecurityWeek, and CRN
Mastodon: @gregeganSF@mathstodon.xyz. X: @iavins, @rohan_devarc, @taliaringer, @grady_booch, @uk_daniel_card, @202accepted, @puponsecurity, @chrisalbon, @zoidctf, @arekfurt, @crowdstrike, @tianyin_xu, @arekfurt, @arekfurt, @royvanrijn, and @erratarob. LinkedIn: Jon Robertson. Forums: Lobsters
| Ryan Browne / CNBC: |
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 sales, down from 3.3M YoY — Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
More: GamesIndustry.biz, The Verge, Video Games Chronicle, Bloomberg, RTÉ, Push Square, Wccftech, Eurogamer.net, Deadline, and Wall Street Journal
X: @sonyalpharumors, @genki_jpn, @jaay_rock_, and @tomwarren
| Natalie Lung / Bloomberg: |
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% YoY to $4.02B, vs. $4.07B est., and projects $4B-$4.1B in Q3 Gross Bookings, vs. $4.14B est. — - Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time| Reuters: |
Sweden's EQT plans to buy a majority stake in Swiss cybersecurity and data protection company Acronis, sources say valuing Acronis at $4B, up from $3.5B in 2022 — Sweden's EQT (EQTAB.ST) said on Wednesday it will acquire a majority stake in Swiss cybersecurity and data protection company Acronis.
More: TechCrunch, EQT, EU-Startups, and The Register
| The Verge: |
US v. Google: Eddy Cue said there's no price Microsoft could offer to make Bing Safari's default search engine, stating “they offered to give us Bing for free” — Finally, a legal ruling on whether TikTok is a real search engine. (It's not.)
More: International Business Times, Windows Central, Reuters, PhoneArena, USA Today, Financial Times, THE DONG-A ILBO, New York Times, Associated Press, Barron's Online, Mashable, The Atlantic, BBC, Thurrott, MediaPost, Fortune, The Information, and The Verge
Threads: @alexheath. Mastodon: @raineer@frontrange.co. X: @hkanji and @carnage4life. Forums: Hacker News
| Michelle Pokrass / OpenAI: |
OpenAI unveils Structure Outputs in the API, a feature to ensure model-generated outputs match JSON Schemas, and lower pricing for a new version of GPT-4o — We are introducing Structured Outputs in the API—model outputs now reliably adhere to developer-supplied JSON Schemas.
More: Neowin, The Decoder, Simon Willison's Weblog, Maginative, SiliconANGLE, and VentureBeat
Threads: @ericflo. X: @romainhuet, @altryne, @openaidevs, @simonw, @michpokrass, @emollick, @swyx, @deedydas, @tobi, @simonw, @simonw, @jxnlco, @simonw, and @sama
LinkedIn: Shyamal Hitesh Anadkat, Morten Rand-Hendriksen, and David Zhang
Forums: Hacker News, r/singularity, r/LocalLLaMA, and Lobsters
| Natalie Lung / Bloomberg: |
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB drops 14%+ — - Forecasts for sales and nights booked miss analyst estimates — Shorter booking lead times and slower US demand dampened gains| Todd Spangler / Variety: |
Disney reports Q3 revenue up 4% YoY to $23.2B and a $47M streaming business operating profit, up from a $512M loss in Q3 2023, and revenue up 15% YoY to $6.4B — Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions … | Chris Welch / The Verge: |
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24 — Google isn't waiting for its upcoming hardware event to announce the Chromecast's successor. Alongside the new, sleeker Nest Thermostat …
More: The Keyword, The Keyword, Android Authority, CNX Software, TweakTown, TechPP, Guru3D, Android Headlines, Digital Trends, Ars Technica, Trusted Reviews, Gizmodo, The Desk, AFTVnews, TechSpot, XDA Developers, 9to5Google, Chrome Unboxed, BGR, Android Authority, CNN, Lifewire, Android Central, CNET, Pocket-lint, TechRadar, PCMag, Digital Trends, Forbes, ZDNET, Engadget, Tom's Guide, and Wired
X: @tomwarren, @jordannovet, @mishaalrahman, @killedbygoogle, and @tomgara
LinkedIn: Ethan Henry and Ryan Geraghty
Forums: r/technews, r/AndroidTV, r/google, and r/ShieldAndroidTV
| Abner Li / 9to5Google: |
More: The Verge, T3, mjtsai.com, How-To Geek, and Digital Trends
Forums: r/technews, r/LinusTechTips, and r/Chromecast
| Jennifer Pattison Tuohy / The Verge: |
More: The Keyword, Computerworld, Business Today, Business Standard, T3, GSMArena.com, PhoneArena, The Register, How-To Geek, Android Central, Android Headlines, Gizmodo, 9to5Google, Thurrott, Pocketables, Android Police, Neowin, Droid Life, TechCrunch, Android Authority, CNET, Digital Trends, ZDNET, and Tom's Guide
Threads: @0xjessel. LinkedIn: Pratik Gadamasetti, Jingbin Wang, Adina R., Taylor Callahan, and Sung Bai
Forums: r/Nest, r/Android, and r/googlehome
| Yoolim Lee / Bloomberg: |
Coupang reports Q2 revenue up 25% YoY to $7.3B and a $77M net loss, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine — - The Farfetch deal and a government fine weighed on results — The company is investing in safeguarding its delivery network
More: Coupang, Reuters, KED Global, and Yonhap News Agency
| Lily Hay Newman / Wired: |
A look at UnDisruptable27, a new project backed by a $700K grant to help fix cybersecurity weaknesses in US water, food, health care, and other vital sectors — As digital threats against US water, food, health care, and other vital sectors loom large, a new project called UnDisruptable27 aims …
Mastodon: @craignewmark@mastodon.social
| Ben Jiang / South China Morning Post: |
A profile of Yang Zhilin, the founder and CEO of China's highest-valued AI unicorn Moonshot, who studied at Carnegie Mellon University and worked at Huawei — - Big bets made by Alibaba, Tencent and other investors on Yang Zhilin's leadership have boosted Moonshot AI's valuation to US$3.3 billion| Forbes: |
How Les Wexner, Victoria's Secret billionaire owner, made early investments in Atlantic Crypto, which then turned into CoreWeave, netting him a $720M stake — A lawsuit reveals that an early bet on the company that would later become $19 billion startup Coreweave has made Les Wexner …
X: @_iainmartin, @_iainmartin, and @hkanji
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