Meta says Apple updated its App Store rules to require IAPs for social media “boosts” to grow its business “while undercutting others in the digital economy”
Just when I thought the relationship between Apple and Meta couldn't get more hostile, here we are.
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+
MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. today announced financial results for the quarter ended September 30, 2022.
Microsoft reports Q1 revenue up 11% YoY to $50.1B, net income down 14% YoY to $17.6B, Office Commercial revenue up 7% YoY, LinkedIn up 17% YoY; stock drops 5%+
REDMOND, Wash. — October 25, 2022 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to stop them
Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, since the pandemic began, masked by an overall growth in DAUs
“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years
Todd Spangler / Variety :
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules
The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more
Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY
Jon Swartz / MarketWatch :
Microsoft reports Q1 Windows OEM revenue down 15% YoY, devices revenue up 2% YoY, Xbox hardware revenue up 13%, and Xbox content and services revenue down 3%
Steven Sinofsky looks back at Windows 8, 10 years later Robert Collins / OnMSFT.com : Xbox revenue up from last year, according to newest earnings report Liam Doolan / Pure Xbox : Xbox Gaming Revenue ...
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011
Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million
Alphabet reports its “Other Bets” lost $1.16B in Q3, up 25% YoY from $1.29B, on $209M revenue, up 15% YoY from $182M
Abner Li / 9to5Google :
Sources: a16z's flagship crypto fund lost ~40% of its value in H1 2022, above the 10%-20% losses at rival funds; a16z has dramatically slowed crypto investments
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’ — Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
Microsoft's cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, driven by Azure and other cloud services, up 35% YoY
Taylor Soper / GeekWire :
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter dispute, ahead of the Friday deadline to close the deal
Kathaleen St. J. McCormick, the chief judge of Delaware's Chancery Court, gave Mr. Musk until Friday to acquire Twitter.
Satya Nadella says more than 20M people have streamed games using Xbox Cloud Gaming, double the 10M figure that Microsoft shared in April 2022
Tom Warren / The Verge :
SK Hynix warns memory chip demand faces an “unprecedented deterioration” and reports Q3 2022 operating profit fell 60% YoY to ~$1.16B amid soaring inflation
South Korea's SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand …
Microsoft says GitHub has a $1B ARR and 90M+ active users, up from a reported $200M to $300M in ARR and 28M active users when Microsoft acquired GitHub in 2018
Frederic Lardinois / TechCrunch :
LinkedIn starts letting users verify their profile with a work email address or phone number and plans to alert users if a message they receive seems suspicious
Here's how Elon Musk calculated the number of bots on Twitter — Robot artist Ai-Da reset while speaking to UK politicians
Square's parent company Block sells access to customers' email addresses used to receive receipts, which privacy experts say falls short of best practices
When COVID-19 forced Compass Coffee to close down its Washington, D.C.-area shops, the roastery's owners turned to email to stay in touch with customers.
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 4%+ on ad growth miss
Executive Summary The majority of our key metrics surpassed guidance in Q3'22 … Spotify : Spotify Reports Third Quarter 2022 Earnings Todd Spangler / Variety : Spotify Reaches 456 Million Total Monthl...
Australia's biggest health insurer Medibank says an October 2022 hack compromised personal and “significant amounts” of health claims data of its ~4M customers
Medibank Private Ltd (MPL.AX), Australia's biggest health insurer, said on Wednesday a cyber hack had compromised …
An interview with Panos Panay and other Microsoft executives on creating the Surface lineup, difficulties along the way, failed products, and future plans
and the Surface Pro 9 is proof Tweets: Tom Warren / @tomwarren : Microsoft shipped its first Surface tablet exactly 10 years ago today. I met with @panos_panay and the Surface team recently to discuss...
Analysis: one year after launching, ProShares' bitcoin ETF has lost ~$1.2B of investors' money as its share price dropped by 70%
it is not an inflation hedge, it is not uncorrelated [to other assets] and it does not act defensively”. https://www.ft.com/...
Samsung rolls out Maintenance Mode, meant to keep a device's data locked away from technicians during repair, to select Galaxy devices with One UI 5 worldwide
Andrew Romero / 9to5Google :
Google plans to stop supporting Chrome for Windows 7 and Windows 8.1 in February 2023; StatCounter says Windows 7 was on 10.63% of Windows PCs in September 2022
Brandon Vigliarolo / The Register :
Tel Aviv-based Trigo Vision, a cashierless checkout startup working with Tesco, Aldi, and others, raised $100M co-led by Temasek and 83North
Matt Day / Bloomberg :
Colorado-based Fermyon, which offers a managed cloud service for building WebAssembly-based microservices, raised a $20M Series A led by Insight Partners
Kyle Wiggers / TechCrunch :
Match Group plans to add profile verification to Hinge in November, asking users to provide a video selfie, aiming to crack down on scammers
Lauren Goode / Wired :
China's path to advanced chip self-sufficiency is extremely complicated and relies upon re-creating many pieces of the foundry supply chain without outside help
Ben Thompson / Stratechery :
Tel Aviv-based Vesttoo, an AI-powered risk transfer marketplace connecting insurers and investors, has raised an $80M Series C at a $1B post-money valuation
Ofir Dor / Globes Online :
An interview with Kickstarter CEO Everette Taylor, appointed in September, on running the company as a Black man, future plans, overcoming bias, and more
Omose Ighodaro / Bloomberg : Tweets: @business and @everette Tweets: @business : Meet Kickstarter's new, 33-year-old CEO who wants to make crowdfunding more inclusive https://www.bloomberg.com/... @e...
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 6%+ and is down ~50% YTD
Bloomberg :
A look at HoloLens' development, as Microsoft spurned an early lead in AR to cede ground to Meta and others; one executive blames a lack of money and people
Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’ Tweets: @joepwilliams31 , @jeffhorwitz , @aatilley , and @ericbellmanwsj Tweets: Jos...
OTI Lumionics, which is developing CPM Patterning display tech to let device makers avoid notches or cut-outs, raised a $55M Series B from LG, Samsung, and more
Ingrid Lunden / TechCrunch :
An investigation details how US telecom giants abused the FCC's $14B Affordable Connectivity Program by introducing price hikes, speed cuts, and fraud risks
tapped to run it — opened door to price hikes, speed cuts, fraud risks and other trouble. My latest for our series, the Covid Money Trail: https://www.washingtonpost.com/ ... Tony Romm / @tonyromm : E...
Tel Aviv-based Resonai, which uses AI and AR to create digital twins of commercial buildings, raised a $20M Series A extension, bringing its Series A to $30M
Sri Krishna / VentureBeat :
Sources: ByteDance launched audits into TikTok Chief Security Officer Roland Cloutier before he quit, hamstringing his efforts to build a robust security team
Intel's Mobileye priced its 41M shares at $21 each, above its $18-$20 target, raising $861M in an IPO at a $16.7B valuation; Intel hoped for a $50B valuation
Echo Wang / Reuters :
Google agrees to improve its compliance program for legal demands in a settlement with the US DOJ, which said Google lost data sought by investigators in 2016
Richard Vanderford / Wall Street Journal :
A look at the increased use of celebrity deepfakes in ads, with or without their permission, raising legal and ethical questions for the marketing industry
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.