Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 10%+
SEATTLE—(BUSINESS WIRE) February 3, 2022—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2021.
Source: at a Meta-wide meeting, Mark Zuckerberg told staff to focus on growing short-video products, citing an “unprecedented level of competition” from TikTok
Mark Zuckerberg quipped that if he started to cry, it wasn't because of the day's news.
Apple plans to charge dating app developers using alternative payment systems a 27% commission in The Netherlands, instead of its usual 30% for in-app purchases
Apple today provided some additional details about how it will allow dating apps in the Netherlands to offer alternative payment systems …
Amazon will raise Prime's US prices by $20 to $139 per year and by $2 to $14.99 per month, on February 18 for new members and March 25 for current members
they never get me the shit I order in the timeframe they promise at checkout. https://twitter.com/... Rich DeMuro / @richontech : Amazon is raising the price of Prime to $139 a year. For the record, I...
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and that Google “faces a different set of restrictions from Apple”
High ARPU coastal users have churned; TikTok is eating their lunch 2—They can't acquire because of antitrust scrutiny 3—They can't build because founders don't want to be there 4—IDFA killed their abi...
Twitter begins expanding its reply downvote test globally on web and mobile; downvotes are not public and are used to tweak which replies Twitter shows
Votes aren't public and are used to surface relevant replies — If you've seen the option to downvote replies on Twitter, you're not alone.
Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance
the second-biggest drop ever Steve Muchoki / Coinspeaker : FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings Jody Serrano / Gizmodo : Snap Up, Zuck Down — Snap earned a profi...
Amazon breaks out advertising services revenue for the first time: $9.7B for Q4, up 32% YoY, and $31.2B for FY 2021; subscription services grew 15% to $8.1B
arguably a coop fee/tax on 3rd party merchants who sell on Amazon — accounted for a third of all revenue. And by itself ads is a $30B/yr business $amzn https://twitter.com/... Matt Rosoff / @mattrosof...
Filing: News Corp discovered a hack on January 20 that accessed emails and documents of some staff; an expert says the attack is likely linked to China
The attack, discovered on Jan. 20, affected publications including The Wall Street Journal, New York Post and the company's U.K. news operation
Meta's dismal earnings highlight the challenging competitive landscape, especially TikTok, adding ammunition for the company to fight the FTC's antitrust suit
Meta Platforms Inc.'s dismal earnings report had one potential silver lining for Chief Executive Officer Mark Zuckerberg … Tweets: @anshelsag , @kurtwagner8 , @amitranjan , and @dzuidijk Tweets: Anshe...
Two more employees from Google's Ethical AI research group leave to join Timnit Gebru's new nonprofit research institute DAIR, adding to the turmoil at the unit
Google's Ethical AI research group lost two more employees, adding to the turmoil at the unit studying an area that is vitally important …
The US Senate Judiciary Committee approves the Open App Markets Act, which would allow app sideloading and let developers use their own in-app payment systems
in the face of millions in Big Tech lobbying and assaults from all the think tanks they pay — would have been unimaginable three years ago. Probably even two years ago. You love to see it. Alex Harman...
Meta adds a “personal boundary” system, on by default, to VR avatars in Horizon Worlds and its Horizon Venues live event service, aiming to stop harassment
It's rolling out in Horizon Worlds and Venues — Meta is adding a “personal boundary” system to its Horizon virtual …
Apple and Broadcom win a new trial after persuading a US appeals court to vacate a $1.1B verdict in a patent-infringement case over Caltech's Wi-Fi patents
Apple Inc (AAPL.O) and Broadcom Inc (AVGO.O)on Friday convinced a U.S. appeals court to throw out a jury verdict requiring …
Amazon says the Prime membership price change does not affect the Prime Video-only subscription, which will remain at $8.99 per month
Ben Bowman / The Streamable : Tweets: @mmpadellan See also Mediagazer Tweets: @mmpadellan : Amazon paid ZERO TAXES, made record profits forcing their workers to piss into bottles, and now they're RAI...
The UK's CMA fines Meta £1.5M during its Giphy probe for breaching its merger investigation rules by failing to inform the CMA of three “key” US staff leaving
Meta Inc. was fined 1.5 million pounds ($2 million) from the U.K.'s competition regulator for breaching …
Filing: Amazon spent $13B on TV, movie, and music content in 2021, up 18% YoY, a significant slowdown from 2020, when spending grew 41%
The ecommerce giant disclosed total video and music expense for 2021 in its annual SEC filing Friday. That total is compared with $11 billion the year prior, which was up roughly 40% versus 2019.
Source: Tiger Global has raised $11B+ for its latest VC fund as of January and expects to close the fund at $12B in March, up from the $10B target set last year
Tiger Global Management, the New York-based hedge fund that made more private tech investments than any other firm last year …
A bipartisan group of House lawmakers writes to Andy Jassy asking why Amazon still sells a food preservative used for suicide, an accounting of sales, and more
Even as grieving families tried to warn Amazon and other e-commerce sites of the danger, there were more purchases and more deaths. Tweets: @dkiesow , @jodikantor , @mega2e , @maxwellstrachan , @mega2...
Snap reports its first quarterly net profit, with $1.3B in Q4 revenue, up 42% YoY, and $23M net income; FY 2021 revenue grew 64% to $4.1B; stock rises 40%+
Lauren Feiner / CNBC :
Wormhole's parent company replaces $322M worth of ETH stolen by a hacker on Wednesday; the bridge's operations resumed after the attack vector was patched
Andrew Thurman / CoinDesk :
Nike sues online reseller StockX for selling unauthorized NFTs of its shoes, citing its trademarks, and promises “a number of virtual products” later this month
a scam. And I just found out that our piece is named in the lawsuit, thx to the work of @ian_servantes. + s/o @SoleRetriever for calling them out! https://www.inputmag.com/... https://twitter.com/... ...
Apple changes the free-trial offer for Apple Music from three months to one month; new subscribers get six months free with AirPods, HomePod, or Beats purchases
Chance Miller / 9to5Mac :
Toshiba will spend around $1B to build a 300mm power semiconductor fab in Japan alongside a 300mm wafer production line at its existing plants
Nikkei Asia :
White House forms the Cyber Safety Review Board, loosely modeled on NTSB, to investigate major national cybersecurity failures, starting with the Log4j bug
Facebook's MAUs rose by 2M in Q4, the slowest QoQ growth in its history; Meta's “Family Monthly Active People” grew by 10M, likely due to WhatsApp and Instagram
Activision Blizzard reports Q4 revenue of $2.16B, down 10% YoY, net bookings of $2.49B, down 18% YoY, 371M MAUs, down from 397M a year ago
Dean Takahashi / VentureBeat :
A profile of Seznam, a leading search engine in the Czech Republic before Android's rise that is helping to inspire laws to limit Big Tech's power
Adam Satariano / New York Times : Tweets: @nytimes , @daiwaka , @mh4oh , @davidtvrdon , and @ondrej1974 Tweets: @nytimes : Seznam, a small search engine company in the Czech Republic, has been a thor...
Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime Switch sales to 103.54M, overtaking the Wii's 101.63M in under five years
and hints Switch 2 will be backwards compatible Nick Statt / Protocol : The need for AR neutrality Nica Osorio / International Business Times : Nintendo Reveals Release Details Of ‘The Legend of Zelda...
Google releases Flutter 2.10 with stable support for developing Windows apps; macOS and Linux support remains in beta
Corbin Davenport / XDA Developers :
A bipartisan group of US representatives reintroduces the Virtual Currency Tax Fairness Act, which would exempt paying taxes on realized crypto gains under $200
James Rubin / CoinDesk :
Celestial AI, whose photonic-based architecture scales across multichip systems for AI workloads, raises a $56M Series A at a $150M post-money valuation
Kyle Wiggers / VentureBeat :
TTTech Auto, a Vienna-based automotive safety software provider, raises $228M from Aptiv and $57M from Audi at a $1B valuation
Joseph White / Reuters :
Trust Machines, which aims to build DeFi apps, DAOs, and NFTs on Stacks, formerly Blockstack, raises $150M from Breyer Capital, GoldenTree, Hivemind, and others
Nina Bambysheva / Forbes :
Coinbase partners with TurboTax to let users directly deposit state and federal tax refunds into their accounts and automatically buy cryptocurrency
Ephrat Livni / New York Times :
Pinterest reports Q4 revenue of $847M, up 20% YoY, 431M global MAUs, down 6% YoY, and FY 2021 revenue of $2.6B, up 52% YoY; stock is up 20%+
Tiernan Ray / ZDNet :
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers
Mozilla shuts down Firefox Reality, its web browser launched in 2018 for Oculus and other AR/VR headsets, and directs users to Igalia's upcoming browser Wolvic
Mos, a challenger bank for students, raises a $40M Series B led by Tiger Global at a $400M valuation, up from $50M in May 2020
Tribal Credit, a B2B payments service used in 22+ countries, raises a $60M Series B led by SoftBank Latin America Fund, bringing its total funding to $140M
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