Elon Musk calls Australia's government “fascists” after it unveiled a bill to fine online platforms up to 5% of their global revenue for enabling misinformation
Elon Musk, owner of social media platform X, on Friday called Australia's centre-left government “fascists” …
New Zealand sentences two men who ran the once wildly popular pirating website Megaupload to over two years in prison, ending an 11-year US extradition battle
Developers flood Apple's App Store and Google Play with apps listing “ChatGPT” in titles and descriptions; OpenAI doesn't offer a public ChatGPT API or an app
Sources: Twitter froze some staff access to content moderation and policy enforcement tools, raising worries about a misinformation spike before the US midterms
Twitter Inc., the social network being overhauled by new owner Elon Musk, has frozen some employee access to internal tools used …
Sources: Elon Musk asks trusted staff from his other companies, including 50+ from Tesla, two from Boring Company, and one from Neuralink, to help at Twitter
- Tesla CEO Elon Musk, now sole director and CEO of Twitter, is asking employees of the social network to redesign their subscription and verification systems within one week.
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 …
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 :
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 …
A look at India's plan to build a wholly local supply chain, as its IT minister says the government is “actively encouraging and supporting” Apple's investments
John Reed / Financial Times :
Kuo predicts that, in the next three to five years, Apple may be able to supply the US market, or ~25% of global shipments, from assembly sites outside of China
Apple analyst Ming-Chi Kuo is out today with some new predictions on how Apple can continue to reduce its reliance on China.
Meta's stock has lost 61% of its value in the past 12 months, by far the biggest slide among Big Tech stocks and more than 2x the drop in the Nasdaq Composite
- Meta shares dropped below the company's pandemic nadir during the day on Friday and are down more than 60% for the year.
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022
Robinhood CEO to lay off 23% of staff after Q2 loss Jay Peters / The Verge : Robinhood is firing nearly a quarter of its staff Tweets: Dare Obasanjo / @carnage4life : Robinhood is ...
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022
The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic Source: Under the Hood .
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.
Qustodio analysis of 400K families: by the end of 2021, young users spent an average of 91 minutes on TikTok per day, surpassing the 56 minutes spent on YouTube
Sarah Perez / TechCrunch : Tweets: @chriskeall Tweets: Chris Keall / @chriskeall : Might as well be talking about cassette tapes when I raise Facebook with our teens https://twitt...
Truth Social, like Parler and Gettr, looks to be structured for mostly one-way communication, broadcast primarily to an audience of Trumpist dead-enders
Conservative alternative social networks keep making the same mistakes — I. — Today, let's talk about some of the less obvious ways …
Washington's AG orders Amazon to pay $2.25M and to shut down its third-party “Sold by Amazon” program over price fixing and unreasonably restraining competition
Amazon is shutting down its “Sold by Amazon” program after an investigation from Washington Attorney General Bob Ferguson found …
Facebook defines its metaverse and plans to invest $50M over two years in programs and external research to “responsibly” build the “next computing platform”
It defines the metaverse and calls it the ‘next computing platform’ — Facebook has announced … Source: About Facebook .
Facebook apologizes after its AI recommendation feature categorized a video of Black men as “about Primates”; Facebook disabled the feature and is investigating
Ryan Mac / New York Times :
Facebook apologizes after its AI recommendation feature categorized a video of Black men as “about Primates”; Facebook disabled the feature and is investigating
Facebook called it “an unacceptable error.” The company has struggled with other issues related to race.