Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps 24%+
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Samsung debuts the $1,200+ Galaxy S23 Ultra, similar to the S22 Ultra but with a 200MP camera, more robust optical image stabilization, and better battery life
The Samsung Galaxy S23 Ultra is an S22 Ultra with an extra layer of polish — figuratively speaking.
Twitter plans to end free access to its API starting February 9, shuttering support for both v1.1 and v2, and will launch a “paid basic tier” instead
Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version …
Sony announces a beta version of Discord for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more
Beta testers will be able to join Discord voice calls on a PS5 console in the US, Canada, Japan, and UK starting today.
After a big decline in 2022, Meta's stock has risen 72%+ since November 3, one of the S&P 500 Index's best-performing stocks, adding $200B+ to its market cap
A spectacular turnaround in Meta Platforms Inc.'s stock is bringing back flashes of Big Tech heydays.
Meta reports $727M Reality Labs revenue in Q4, vs. $715.1M est., a $4.28B operating loss, vs. $4.36B est., a $13.72B loss in 2022, and expects a wider 2023 loss
OpenAI launches ChatGPT Plus, a pilot plan with access in peak times, faster response times, and priority access to new features, in the US for $20 per month
and it has Google in its sights Preethi Cheguri / Analytics Insight : OpenAI Announces New Subscription Plan for ChatGPT Plus Marcus Gopolang Moloko / Gearburn : Here's why OpenAI will charge for prio...
Sony reports Q3 sales rose 13% YoY to ~$26.4B as operating profit drops 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales were 7.1M, up from 4M YoY
Sony Group Corp. revised up its full-year profit outlook after earnings beat estimates and the company had its best quarter of PlayStation 5 sales.
Microsoft's Teams Premium hits general availability for $10 per user per month; AI-generated notes by OpenAI's GPT-3.5 are set to arrive “in the coming months”
As we face economic uncertainties and changes to work patterns, organizations are searching for ways to optimize …
Meta increases its share repurchase authorization by $40B and says the company bought back $6.91B and $27.93B in stock in Q4 2022 and 2022, respectively
Jordan Novet / CNBC :
Mark Zuckerberg says Meta's management theme for 2023 is the “Year of Efficiency” and emphasizes the company is aiming to “become a leader in generative AI”
Taylor Hatmaker / TechCrunch :
Meta says Facebook had 2B daily active users at the end of Q4, after adding 16M DAUs; WhatsApp crossed 2B daily active users in October 2022
Karissa Bell / Engadget :
Meta took a $4.2B restructuring charge in Q4, which included costs for early office space terminations, data center redesigns, and severance for laid-off staff
Mike Isaac / New York Times :
UBS study: ChatGPT reached ~100M MAUs with ~13M daily unique visitors in January, two months after launch, becoming the fastest-growing consumer app ever
ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch …
Netflix says US password sharing rules haven't been set yet, removes rules from its US help page that said users must connect to a “primary Wi-Fi” every 31 days
Based on info sourced from Netflix's support pages, The Streamable reported on Tuesday details about its upcoming anti-password sharing efforts.
A US judge dismissed a proposed class action lawsuit accusing Coinbase of selling unregistered securities and failing to register as a broker-dealer
A U.S. judge on Wednesday dismissed a proposed class action lawsuit by Coinbase Global Inc (COIN.O) customers who accused the cryptocurrency exchange …
TikTok's recent charm offensive, including the tour of its LA-based Transparency and Accountability Center, echoes Huawei's unsuccessful strategy in Europe
Chinese-owned app is taking steps that are similar to largely unsuccessful tactics used by the telecom giant — How TikTok Could Become a U.S. Company
Sources: Apple has decided not to replace its VP of Industrial Design Evans Hankey; its core group of ~20 industrial designers will report to COO Jeff Williams
Apple Inc. has decided against naming a new executive to replace its departing top product designer, marking a stark shift …
Legal documents: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies over scraping
Facebook owner Meta Platforms Inc. for years paid a contractor to scrape data from other websites while publicly condemning …
A look at OpenAI's open-source speech recognition software Whisper, which can transcribe speech in more than 90 languages, outperforming humans in some of them
OpenAI's open-source speech-transcription program—that shows us where machine learning is going. https://www.newyorker.com/... @niemanlab : “Ever since I've had tape to type up—lectures to transcribe,...
Chainalysis plans to cut under 5% of its staff as part of a reorganization; in January, its CEO said the company plans to grow staff by 11% and expand globally
Chainalysis Inc., a company that specializes in tracking crypto transactions and the entities behind them, said it's made layoffs affecting less than 5% of staff.
Sources: Microsoft plans to update Bing with OpenAI's GPT-4, a faster and richer version of ChatGPT, in the coming weeks; OpenAI plans to launch a ChatGPT app
Kiwi Farms, a forum for online harassment campaigns, has managed to stay online after being dropped by Cloudflare, as posters congregate on Telegram and Discord
If you or someone you care about may be at risk of suicide, call or text the National Suicide Prevention Lifeline … Tweets: @ekp , @motherjones , @motherjones , @taylorlorenz , @briannawu , @shane_bur...
After a splashy launch, sources say Amazon Prime Air made drone deliveries to <10 houses between December 29 and mid-January; records: the FAA limits the drones
Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S. …
A brief look at several lawsuits challenging generative AI tools and what music labels suing Napster but making peace with Spotify tells us about the future
What can Napster tell us about the future? — That was quick: Artificial intelligence has gone from science fiction to novelty to Thing We Are Sure Is the Future. Tweets: @pkafka Tweets: Peter Kafka ...
Samsung refreshes its Galaxy Book lineup, adding the Galaxy Book3 Ultra with a 16" 120Hz 3K display and Nvidia's RTX 4050 or 4070, coming February 17 from $2.4K
CISA Director Jen Easterly and Executive Assistant Director Eric Goldstein say incentives for developing and selling tech should not eclipse customer safety
> - Secure products not just security products - Security built in not bolted on - Raise everyone's baseline by reducing the [total] cost of control @CISAJen https://www.foreignaffairs.com/ ... Patric...
Samsung unveils the 6.1" Galaxy S23 for $800+ and the 6.6" Galaxy S23+ for $1,000+, with a better selfie camera and Snapdragon 8 Gen 2, shipping on February 17
Samsung is working with Google and Qualcomm to produce XR products and experiences running an unannounced Android version for devices such as wearable displays
Netflix Japan used AI art in the anime short “The Dog & The Boy”, citing a “labor shortage” in the industry, which has long faced labor abuses and poor wages
Samantha Cole / VICE :
Drug discount app GoodRx agrees to pay $1.5M to settle with the FTC, which said the company wrongfully gave intimate health info to Meta, Google, and others
TikTok revamps its account enforcement system, including a new strike system meant to address repeat offenders, bringing the service in line with its peers
Karissa Bell / Engadget :
US chipmaker Wolfspeed plans to spend €3B to build a factory in west Germany on the site of a decommissioned coal plant, producing chips for EVs and industry
Laura Pitel / Financial Times :
NYC- and Tel Aviv-based Gem Security, which is building a cloud threat detection and response service, comes out of stealth with an $11M seed led by Team8
Frederic Lardinois / TechCrunch :
EA pulls the plug on Apex Legends Mobile and the planned mobile version of its Battlefield franchise, as mobile remains a hard market to crack for the company
Dan Gallagher / Wall Street Journal : Tweets: @damianburns and @ethangach Tweets: Damian Burns / @damianburns : 'There's cognitive dissonance in the desire to unite global gaming communities around c...
A look at why human hands generated by Midjourney, Stable Diffusion, and DALL-E 2 look strange, often with extra fingers, mostly due to the training datasets
Pranav Dixit / BuzzFeed News : Tweets: @nxthompson , @tomgara , @katienotopoulos , @pranavdixit , and @bdavewalters Tweets: @nxthompson : I didn't completely believe how terrible AI is at generating ...
US sportswear outlet Fanatics plans to launch livestreamed shopping unit Fanatics Live in H2 2023 and hires ex-Google executive and Snap VP Nick Bell as its CEO
Patrick Coffee / Wall Street Journal :
Decentralized social network app Damus debuts on the App Store with E2EE for DMs; Damus uses the Nostr protocol, to which Jack Dorsey donated ~14 BTC in 2022
and what can be heard—#nostr is an open protocol. If a platform is a silo, a protocol is a river: no one owns it, and everyone is free to swim. https://t.co/NOW06ouJIw @onelikeapp : Another decentrali...
AMD announces its Ryzen 7000X3D pricing: 7950X3D for $699, 7900X3D for $599, both available on February 28, and 7800X3D for $449, available on April 6
Samsung says the Galaxy S23, S23 Plus, and S23 Ultra will ask users to install Adobe Lightroom when handling DNGs and make the app the default raw photo editor
Stephen Shankland / CNET :
Sources: Tiger Global reduced its latest fund's target size from $6B in October 2022 to $5B; Tiger expected to raise roughly $12.7B, its prior fund size in 2021
Wall Street Journal : Tweets: @eliotwb , @annberry_nyc , and @wsjmarkets Tweets: Eliot Brown / @eliotwb : Tiger Global: become synonymous with the overheated startup market by increasing investing at...
Craft, whose data platform helps supply chain, procurement, and risk managers monitor their networks of suppliers, raised a $32M Series B led by BAM Elevate
Mike Wheatley / SiliconANGLE :
Sources: Netflix told advertisers that sign-ups for its ad tier doubled in January 2023 over December 2022; Netflix predicted 1.75M ad tier subscribers in Q1
Sahil Patel / The Information : See also Mediagazer
Docs: Verily revenue grew to $470M in the first nine months of 2022, up from $228M YoY, making it Alphabet's biggest subsidiary by revenue after Google
Jon Victor / The Information : Tweets: @brianmcc and @amir Tweets: Brian McCullough / @brianmcc : Narrative violation. That narrative being: what if sometimes the moonshots and other bets actually wo...
How Delta, JetBlue, Swiss, Lufthansa, and other airlines are using and investing in AI to boost flight operations, plane maintenance, fuel management, and more
John Kell / Fortune :
Netlify, a cloud service for automating web development projects, acquires its competitor Gatsby, which had raised $46.8M to date, for an undisclosed price
Frederic Lardinois / TechCrunch :
Shopify: Revolutionizing Commerce with Winter Edition '26
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