Shares of Facebook parent Meta plunge 22% on lower profits
https://apnews.com/article/technology-business-earnings-mark-zuckerberg-facebook-d01a0a4c12dc24fa2150a1a3ea2ac836
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https://apnews.com/article/technology-business-earnings-mark-zuckerberg-facebook-d01a0a4c12dc24fa2150a1a3ea2ac836
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AP NEWS
Shares of Facebook parent Meta plunge 23% on lower profits
Newly renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast late Wednesday, investors got spooked…
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Apple urges US lawmakers against bill to allow iOS apps outside the App Store
https://9to5mac.com/2022/02/02/apple-urges-us-lawmakers-against-bill-to-allow-ios-apps-outside-the-app-store/
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https://9to5mac.com/2022/02/02/apple-urges-us-lawmakers-against-bill-to-allow-ios-apps-outside-the-app-store/
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9to5Mac
Apple urges US lawmakers against bill to allow iOS apps outside the App Store
Apple urged U.S. lawmakers to reject an antitrust bill in the US Senate that would allow users to install apps outside the App Store.
Inside Microsoft's mixed reality mess, where confusion, rivalries, and canceled projects have roiled the company's metaverse strategy
https://www.businessinsider.com/microsoft-hololens-3-metaverse-mixed-reality-strategy-confusion-rivalries-2022-2
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https://www.businessinsider.com/microsoft-hololens-3-metaverse-mixed-reality-strategy-confusion-rivalries-2022-2
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Business Insider
Inside Microsoft's mixed-reality mess, where confusion, rivalries, and canceled projects have roiled the company's metaverse strategy
Microsoft scrapped plans for what would have been the HoloLens 3 augmented-reality goggles, as employees depart for rivals like Meta.
Apple’s Privacy Measures to Cost Facebook $10 Billion in 2022
https://www.macrumors.com/2022/02/03/facebook-10-billion-in-2022-apple-measures/
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https://www.macrumors.com/2022/02/03/facebook-10-billion-in-2022-apple-measures/
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MacRumors
Apple's Privacy Measures to Cost Facebook $10 Billion in 2022
Facebook has said measures being taken by Apple on iOS that make it harder for platforms and apps to track users across other apps and websites will...
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Nintendo’s president says it won’t join the games industry acquisition arms race
https://www.videogameschronicle.com/news/nintendos-president-says-it-wont-join-the-games-industry-acquisition-arms-race/
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https://www.videogameschronicle.com/news/nintendos-president-says-it-wont-join-the-games-industry-acquisition-arms-race/
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VGC
Nintendo’s president says it won’t join the games industry acquisition arms race
The platform holder says it's continuing to prioritise organic growth…
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Meta is poised to suffer the largest one-day wipeout in US corporate history. Its valuation could slump by more than $190 billion when markets open.
https://www.businessinsider.com/meta-q4-earnings-largest-ever-one-day-wipeout-190-billion-2022-2
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https://www.businessinsider.com/meta-q4-earnings-largest-ever-one-day-wipeout-190-billion-2022-2
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Business Insider
Meta just suffered the largest one-day wipeout in US corporate history. Its valuation slumped by nearly $240 billion.
In its fourth-quarter earnings Wednesday, Meta said Facebook user numbers were down for the first time, as its metaverse business lost $10 billion.
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Facebook's user numbers shrunk for the first time in its history
https://www.businessinsider.com/meta-facebook-user-numbers-shrink-first-time-ever-2022-2
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https://www.businessinsider.com/meta-facebook-user-numbers-shrink-first-time-ever-2022-2
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Business Insider
Facebook's user numbers shrunk for the first time in its history
Stock in Facebook's parent company Meta plummeted 22% in premarket trading following its Q4 earnings.
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Exposed documents reveal how the powerful clean up their digital past using a reputation laundering firm
https://restofworld.org/2022/documents-reputation-laundering-firm-eliminalia/
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https://restofworld.org/2022/documents-reputation-laundering-firm-eliminalia/
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Rest of World
Exposed documents reveal how the powerful clean up their digital past using a reputation laundering firm
Reputation firms like Eliminalia use legal threats and copyright notices to have material taken down around the world.
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Apple privacy changes wipe $278 billion market value from 4 companies
https://www.imore.com/apple-privacy-changes-wipe-278-billion-market-value-4-companies
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https://www.imore.com/apple-privacy-changes-wipe-278-billion-market-value-4-companies
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iMore
Apple privacy changes wipe $278 billion market value from 4 companies
A new report notes that since Apple announced privacy changes to iOS 14 last year, Meta, Snap, Pinterest, and Twitter have had $278 billion in market value wiped from their books.
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Facebook: Daily active users fall for first time in 18-year history
https://www.bbc.com/news/business-60238565
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https://www.bbc.com/news/business-60238565
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BBC News
Facebook: Daily active users fall for first time in 18-year history
The technology giant's owner Meta said platforms like TikTok were hurting its growth.
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Facebook Stock Collapse A Record Setter With Earnings Meltdown
https://www.investors.com/news/technology/fb-stock-drops-meta-earnings-miss-estimates/
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https://www.investors.com/news/technology/fb-stock-drops-meta-earnings-miss-estimates/
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Investor's Business Daily
Facebook Stock Collapse A Record Setter With Earnings Meltdown
FB stock plunged as the social media giant reported fourth-quarter results late Wednesday that fell below estimates.
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Facebook blames Apple after a historically bad quarter, saying iPhone privacy changes will cost it $10 billion
https://www.businessinsider.com/facebook-blames-apple-10-billion-loss-ad-privacy-warning-2022-2
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https://www.businessinsider.com/facebook-blames-apple-10-billion-loss-ad-privacy-warning-2022-2
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Business Insider
Facebook blames Apple after a historically bad quarter, saying iPhone privacy changes will cost it $10 billion
Apple introduced a feature to stop apps from tracking you, and Facebook says it's going to cost the social media giant $10 billion this year in lost ad revenue.
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Amazon Prime U.S. Price Is Increasing to $139 per Year, up 17%
https://variety.com/2022/digital/news/amazon-prime-u-s-price-is-increasing-to-139-per-year-up-17-1235171635/
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https://variety.com/2022/digital/news/amazon-prime-u-s-price-is-increasing-to-139-per-year-up-17-1235171635/
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Variety
Amazon Prime U.S. Price Is Increasing to $139 per Year, up 17%
Amazon will hike the price of a Prime membership in the U.S., with the annual membership going up from $119 to $139.
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A lone hacker on a revenge mission says he is the one who keeps turning off North Korea's internet
https://www.msn.com/en-us/news/world/a-lone-hacker-on-a-revenge-mission-says-he-is-the-one-who-keeps-turning-off-north-koreas-internet/ar-AATrF5b?ocid=sapphireappshare
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https://www.msn.com/en-us/news/world/a-lone-hacker-on-a-revenge-mission-says-he-is-the-one-who-keeps-turning-off-north-koreas-internet/ar-AATrF5b?ocid=sapphireappshare
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MSN
A lone hacker on a revenge mission says he is the one who keeps turning off North Korea's internet
"If they don't see we have teeth, it's just going to keep coming," the American hacker said.
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Koenigsegg's Tiny Electric Motor Makes 335 HP and 443 LB-FT of Torque
https://www.roadandtrack.com/news/a38940998/koenigsegg-quark-electric-motor/?utm_source=digg
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https://www.roadandtrack.com/news/a38940998/koenigsegg-quark-electric-motor/?utm_source=digg
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Road & Track
Koenigsegg's Tiny Electric Motor Makes 335 HP and 443 LB-FT of Torque
Dubbed the Quark, the motor weighs just 63 pounds.
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Amazon Prime Membership Price, increasing $20 Per Year.
https://www.businessinsider.com/amazon-prime-membership-price-increase-details-2022-2
@EverythingTechnology via Reddit
https://www.businessinsider.com/amazon-prime-membership-price-increase-details-2022-2
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Business Insider
Amazon is raising the price of its annual Prime membership by $20
Amazon has raised the price of its Prime membership twice in the past: once in 2014 and again in 2018.
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Woman Claims She Was 'Virtually' Gang Raped In Metaverse.
https://www.news18.com/news/tech/woman-claims-she-was-virtually-gang-raped-in-metaverse-4731377.html
@EverythingTechnology via Reddit
https://www.news18.com/news/tech/woman-claims-she-was-virtually-gang-raped-in-metaverse-4731377.html
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News18
Woman Claims She Was 'Virtually' Gang Raped In Metaverse
A 43-year-old British woman claims she was groped in the virtual world by a group of male avatars. The woman named Nina Jane Patel has talked about being "verbally and sexually harassed" by three or four male avatars in Horizon Venues of Meta.
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Amazon Prime subscription to become 16% more expensive in the US
https://9to5mac.com/2022/02/03/amazon-prime-subscription-to-become-16-more-expensive-in-the-us/
@EverythingTechnology via Reddit
https://9to5mac.com/2022/02/03/amazon-prime-subscription-to-become-16-more-expensive-in-the-us/
@EverythingTechnology via Reddit
9to5Mac
Amazon Prime subscription to become 16% more expensive in the US
Amazon has confirmed that it will increase Amazon Prime subscription prices for US customers in a few weeks.
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Apple's privacy changes have cut $278 billion from 4 Big Tech firms
https://interestingengineering.com/apples-privacy-cut-278-billion
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https://interestingengineering.com/apples-privacy-cut-278-billion
@EverythingTechnology via Reddit
Interesting Engineering
Apple's privacy changes have cut $278 billion from 4 Big Tech firms
Facebook, Twitter, and other social media platforms are feeling the loss of user tracking permissions! Since Apple rolled out its iOS privacy policy.
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MIT Engineers Create the “Impossible” – New Material That Is Stronger Than Steel and As Light as Plastic
https://scitechdaily.com/mit-engineers-create-the-impossible-new-material-that-is-stronger-than-steel-and-as-light-as-plastic/
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https://scitechdaily.com/mit-engineers-create-the-impossible-new-material-that-is-stronger-than-steel-and-as-light-as-plastic/
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SciTechDaily
MIT Engineers Create the “Impossible” – New Material That Is Stronger Than Steel and As Light as Plastic
The new substance is the result of a feat thought to be impossible: polymerizing a material in two dimensions. Using a novel polymerization process, MIT chemical engineers have created a new material that is stronger than steel and as light as plastic, and…
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All in a day: Zuckerberg loses $29 bln, Bezos set to pocket $20 bln
https://www.reuters.com/technology/zuckerberg-loses-29-billion-day-meta-shares-crash-2022-02-03/
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https://www.reuters.com/technology/zuckerberg-loses-29-billion-day-meta-shares-crash-2022-02-03/
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Reuters
Zuckerberg loses $29 billion in net worth, Bezos gains $20 billion
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings.
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