Month: July 2022

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)

Annie Palmer / CNBC: 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  —  – Amazon reported second-quarter results on Thursday that beat on the top line.  — It also gave upbeat guidance for the third quarter.

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Apple reports record Q3 revenue up 2% YoY to $83B, 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 (Business Wire)

Business Wire: Apple reports record Q3 revenue up 2% YoY to $83B, 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

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Intel Q2: $15.3B revenue, down 22% YoY vs. $17.92B est., Datacenter and AI Group revenue of $4.6B, down 16% YoY, and $0.5B net loss; stock down 10%+ after hours (Jordan Novet/CNBC)

Jordan Novet / CNBC: Intel Q2: $15.3B revenue, down 22% YoY vs. $17.92B est., Datacenter and AI Group revenue of $4.6B, down 16% YoY, and $0.5B net loss; stock down 10%+ after hours  —  – Intel slashed its full-year guidance and turned in worse-than expected quarterly results.  — The company launched new chips …

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Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and it has 816M paying subscribers globally across all its services, down from 825M in Q2 2022 (Kif Leswing/CNBC)

Kif Leswing / CNBC: Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and it has 816M paying subscribers globally across all its services, down from 825M in Q2 2022  —  – Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in

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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)

Stephen Totilo / Axios: 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  —  Ashraf Ismail, former top developer on Assassin’s Creed games for Ubisoft before his dismissal from the company in mid-2020 …

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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)

Joshua Brustein / 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  —  This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack.

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Democrats revive the fight for net neutrality

Photo by MANDEL NGAN / AFP via Getty Images Democrats are recharging the fight for net neutrality by introducing a new bill on Thursday that would codify the deeply divisive open internet rules. Led by Sens. Ed Markey (D-MA) and Ron Wyden (D-OR), the Net Neutrality and Broadband Justice Act would reclassify broadband internet service

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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)

Sarah Perez / TechCrunch: 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  —  TikTok wants to determine its users’ appetite for mobile gaming with the launch of “mini-games” that can be played inside …

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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)

Bloomberg: 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  —  Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.

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The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden now must sign it into law (Makena Kelly/The Verge)

Makena Kelly / The Verge: The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden now must sign it into law  —  All that’s left is Biden’s signature  —  It might get cheaper and easier to buy popular tech products, like gaming consoles

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US DOJ says it is investigating a data breach of the federal court system that is different from the SolarWinds hack revealed in late 2020 (Maggie Miller/Politico)

Maggie Miller / Politico: US DOJ says it is investigating a data breach of the federal court system that is different from the SolarWinds hack revealed in late 2020  —  The Justice Department is investigating a data breach of the U.S. federal courts system dating to early 2020, a top official testified on Capitol Hill

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Switchboard, a collaboration app mixing videoconferencing and digital whiteboarding, raised a $25M Series A at a $200M post-money valuation led by Icon Ventures (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Switchboard, a collaboration app mixing videoconferencing and digital whiteboarding, raised a $25M Series A at a $200M post-money valuation led by Icon Ventures  —  Switchboard, a collaboration app that combines features of videoconferencing and digital whiteboarding, today announced …

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