Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B
iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations
Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022
people coming from Android - saw double-digit growth) Ben Bajarin / @benbajarin : Important observation as Apple continues to defy macro concerns (just like they did in 08-09 economic downturn). The p...
Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and could shift how DC regulates competition in nascent industries
Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; stock jumps 12%+
SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold
3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI revenue down 16% YoY to $4.6B; stock drops 10%+
that Intel cut fab spending to pay dividends while lobbying for tax credits with the CHIPS+ Act — is worth a read. https://twitter.com/... Davos Bro Balding / @baldingsworld : Just to recap, Intel lis...
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design
so it sat on the shelf until device support caught up George Kedenburg III / @gk3 : @parismartineau this feature is actually ~3 years old, maybe convenient timing that it just finally shipped to 100% ...
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month
Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden must now sign it into law
Makena Kelly / The Verge :
Apple expects a faster sales growth in Q4, citing easing parts shortages and strong iPhone demand; Tim Cook says Apple is also “being more deliberate” in hiring
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; FTC didn't take sworn interviews of company execs during the nine-month inquiry
Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week …
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, producing an advanced 7nm chip to rival those made in Taiwan
While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.
A Delaware judge rules that Twitter's case against Elon Musk over the failed $44B takeover will go to trial from October 17 to October 21
Everybody's going to the Court of Chancery — We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit against Elon Musk …
Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B
Annie Palmer / CNBC :
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC
U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
Sony beats estimates with Q1 operating profit of $2.3B, PS5 sales of 2.4M, up from 2.3M YoY, cuts profit outlook from $8.7B to $8.3B for FY ending March 2023
Sony Group Corp. cut its profit outlook as its PlayStation division faltered and game sales slumped.
Twitter says it had ~60K legal demands globally in H2 2021 and it complied fully with ~40% of requests; the US accounted for 20% of account information requests
WASHINGTON (AP) — Twitter warned Thursday that governments around the globe are asking the company to remove content or snoop …
Amazon's direct workforce declined by 99K in Q2 to 1.52M, a record QoQ drop, primarily due to attrition in its warehouses after the pandemic-driven expansion
Todd Bishop / GeekWire : Tweets: @epro . Thanks: @taylor_soper Tweets: Emil Protalinski / @epro : $AMZN employees (excludes contractors/temps) Q3 2019: 750,000 Q4 2019: 798,000 Q1 2020: 840,400 Q2 20...
Sources: a Chinese government PR division asked to open a stealth account on TikTok, targeting Western audiences; TikTok declined the “sensitive” request
A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG
wonder who those are and whether the deals are still happening. Aditya Kalra / @adityakalra : On @Reuters - a source says BGMI game of Krafton banned under section 69A of IT law, often used to ban Chi...
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed led by a16z
@chrislyons :
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August
Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists …
The US DOJ says it is investigating a data breach of the federal courts system that is separate from the Russia-backed SolarWinds hack revealed in late 2020
Maggie Miller / Politico :
By stepping away from Ant Group, Jack Ma escapes Beijing's scrutiny; Ma has been seen traveling Europe after disappearing from public view for almost two years
Bloomberg :
Hours before Sky Mavis told users it was hacked, CEO Trung Nguyen moved about $3M worth of Axie Infinity's main token AXS; Sky Mavis says it was to help users
Joshua Brustein / Bloomberg :
As inflation rises and the economy contracts, some US Twitch streamers are losing promotional deals, forcing them to rely on meager ad earnings from the service
Nathan Grayson / Washington Post : Tweets: @rachaelmyrow , @kp11studios , @vahn16 , @cypheroftyr , @kyurieff , and @launcherwp See also Mediagazer Tweets: Rachael Myrow / @rachaelmyrow : On @Twitch w...
Sources: Ashraf Ismail, who Ubisoft fired in mid-2020 amid misconduct allegations, was hired by Tencent in 2021 to develop a game at its TiMi Studio Group
Stephen Totilo / Axios :
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added; stock drops 20%+
topping $1 billion in total commitments https://variety.com/... See also Mediagazer
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first
Bloomberg : Tweets: @sarahfrier , @robleathern , @zackkanter , @adamnash , @pt , @can , @can , @can , @pt , @can , @can , @iwriteok , @pt , @pt , @can , @iwriteok , @robleathern , @pt , @pt , @pt , @...
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products and AI operate fairly; Meta will only get aggregate data
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS
Sarah Perez / TechCrunch :
Sources: EU is considering creating a new directorate headed by two top antitrust officials, amid concerns EU competition watchdog may struggle to enforce DMA
Foo Yun Chee / Reuters :
Sony begins testing support for a 1440p video output option on the PlayStation 5, a widely requested feature, alongside curated gamelists and new social tools
TikTok says it started testing HTML5 minigames with new partners such as Vodoo, Nitro Games, FRVR, Aim Lab, and Lotem, after a test with Zynga in November 2021
Sarah Perez / TechCrunch :
Variant, an early stage crypto-focused fund, has raised $450M for a third fund focused on the “user-owned web”, after previously raising $22.5M and $110M
Taylor Locke / Fortune :
Google Pixel Buds Pro review: good ANC, improved sound, lengthy battery life, and no frequent dropouts, but transparency mode, audio fidelity, and mic need work
Senate and House Democrats plan to introduce a bill to reinstate Obama-era net neutrality rules and reestablish the FCC's authority over broadband networks
An in-depth look at the issues facing Afterpay, Klarna, Affirm, and other BNPL players, such as economic uncertainty, competition, regulators, and consumer debt
Bloomberg :
Google announces new Play Store policies for developers that aim to address issues with intrusive ads, alarms, VPNs, and impersonation of brands and other apps
Center, which wants to organize every NFT on every blockchain and says it has indexed 120M NFTs so far, has raised an $11M seed led by Thrive and Founders Fund
Switchboard, a collaboration app mixing videoconferencing and digital whiteboarding, raised a $25M Series A at a $200M post-money valuation led by Icon Ventures
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.