Tech Meme

Bloomberg: Coinbase reports Q2 revenue down 12% YoY to $707.9M vs. $631.2M est., $97M net loss vs. $1.1B in Q2 2022, and $327.1M transaction revenue vs. $655.2M in Q2 2022  —  – Trading revenue was less than that from other sources  — Interest income down after USDC stablecoin circulation fell Lees verder op Tech Meme

Stephen Nellis / Reuters: Apple Q3: revenue grew 7.9% YoY to $15.8B in China, with iPhone up by “double digits” and “quarterly records” for Services, but fell 5.6% in Americas to $35.4B  —  Apple (AAPL.O) on Thursday reported sales and profit that beat Wall Street expectations despite a decline … Lees verder op Tech Meme

Nupur Anand / Reuters: Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M, and Bitcoin revenue of $2.39B  —  Block Inc (SQ.N) reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop. Lees verder op Tech Meme

Brian Fung / CNN: Sensor Tower: Threads’ DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1  —  Threads, Meta’s Twitter rival, is struggling to retain users roughly a month after its highly publicized launch … Lees verder op Tech Meme

Jess Weatherbed / The Verge: Brave Search updates its image and video search to use Brave’s own index rather than Bing’s or Google’s; some advanced search capabilities are still absent  —  Brave, best known for its privacy-focused web browser, is adding image and video search to Brave Search that now relies … Lees verder op Tech Meme

Devin Coldewey / TechCrunch: The FCC fines a multi-national robocaller, which placed 5B+ calls pretending to sell auto warranties to collect people’s personal information, a record $300M  —  The FCC’s robocaller penalties are growing as the agency tracks down and terminates their operations — this time resulting in a record $300 million forfeiture. Lees verder op Tech Meme

Aisha Malik / TechCrunch: Instagram launches a feature to protect users from unwanted DM images and videos: users may send just one text-only message to someone who doesn’t follow them  —  Instagram is launching a new feature that is designed to better protect users from unwanted images and videos in DMs, the company announced on Thursday. Lees verder op Tech Meme

Patricia Nilsson / Financial Times: Germany-based chipmaker Infineon plans to spend a further €5B to build more capacity in Malaysia, for a €7B total investment, betting on growing EV chip demand  —  German chipmaker announces investment but pressure on existing automotive business leads to share price fall Lees verder op Tech Meme

Priyamvada C / Reuters: Airbnb reports Q2 revenue up 18% YoY to $2.48B vs. $2.42B est., $650M net income, gross bookings up 13% YoY to $19.1B, and forecasts Q3 revenue above estimates  —  Airbnb (ABNB.O) forecast revenue for the current quarter above market estimates on Thursday, as the vacation rental firm is set … Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon Q2: ad revenue up 22% YoY to $10.68B, vs. $10.4B est., subscription revenue up 14% YoY to $9.89B, and North America segment sales up 11% YoY to $82.5B  —  – Amazon beat on the top and bottom lines for the second quarter.  —  Amazon said second-quarter revenue climbed 11% … Lees verder op Tech Meme