Tech Meme

Kif Leswing / CNBC: Qualcomm reports Q3 revenue down 23% YoY to $8.45B, vs. $8.5B est., handset chip revenue down 25% YoY to $5.26B, and net income down 52% YoY to $1.8B  —  – Qualcomm reported third-quarter earnings on Wednesday that beat Wall Street expectations, but revenue and guidance for the fourth quarter came up short. Lees verder op Tech Meme

Benjamin Mayo / 9to5Mac: Apple says Apple Card’s savings account, which has had a 4.15% interest rate since its April 2023 launch with partner Goldman Sachs, has topped $10B in deposits  —  Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Lees verder op Tech Meme

Charlotte Hughes-Morgan / Bloomberg: Uber paid £386M, or $490M, to UK tax authorities as part of a dispute over how its ride hailing app applies VAT to UK trips, but plans to appeal the decision  —  – HMRC is challenging Uber’s use of Tour Operators Margin Scheme  — Uber said it will appeal the VAT assessment in UK Court Lees verder op Tech Meme

David Pierce / The Verge: Google updates its generative AI-based Search Generative Experience with more multimedia, faster responses, and additional context for links in its summary box  —  Google’s AI-powered Search Generative Experience is getting a big new feature: images and video. Lees verder op Tech Meme

Reuters: PayPal reports Q2 revenue up 7% YoY to $7.3B, total payment volume up 11% YoY to $376.5B, and a 21.4% operating margin, below its 22% forecast; PYPL drops 7%+  —  Payments firm PayPal Holdings (PYPL.O) forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy. Lees verder op Tech Meme

Reuters: Shopify reports Q2 revenue up 31% YoY to $1.7B, vs. $1.62B est., a $146M operating income, vs. a $42M loss YoY, and GMV up 17% YoY to $55B, vs. $53.34B est.  —  Canada’s Shopify (SHOP.TO), beat Wall Street estimates for revenue in the second quarter on Wednesday, as more merchants used … Lees verder op Tech Meme

Jay Peters / The Verge: Roblox CEO David Baszucki says Roblox’s open beta on Meta’s Quest headsets, launched on July 27, has already been downloaded “well over” 1M times  —  Roblox just launched in open beta on Meta’s Quest VR headsets last week, and it’s already been downloaded “well over” 1 million times, according to Roblox CEO David Baszucki. Lees verder op Tech Meme

Nelson Wang / CoinDesk: Robinhood reports Q2 revenue up 10% QoQ to $486M, crypto trading revenue of $31M, down 18% QoQ, and ~$11.5M worth of crypto in assets under custody, same as Q1  —  In June, the trading platform ended support for all tokens named as securities in the SEC lawsuits against crypto exchanges Binance and Coinbase. Lees verder op Tech Meme

Reuters: Senegal blocks TikTok amid protests over dissolving the main opposition party and detaining its leader, after restricting access to internet services on July 31  —  Senegalese authorities on Wednesday blocked access to social media app TikTok, widening a clampdown on dissent days … Lees verder op Tech Meme

Reed Albergotti / Semafor: Sources: US DOJ officials are weighing fraud charges against Binance but worry that an indictment could cause a run on the exchange like the one that befell FTX  —  U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost … Lees verder op Tech Meme