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Tech Meme

Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+ (Emily Bary/MarketWatch) 08-11-2023

Emily Bary / MarketWatch: Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+  —  Profit outlook moves higher, but one analyst is concerned about the new top-line forecast  —  Shares of Toast Inc. were getting singed … Lees verder op Tech Meme

Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+ (Reuters) 08-11-2023

Reuters: Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+  —  Bumble (BMBL.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday, in a sign that sticky inflation … Lees verder op Tech Meme

Microsoft adds a no-cost Azure AI option for Nvidia GPU clusters to its Startups Founders Hub, in preview first for YC startups and coming later to M12 startups (Kyle Wiggers/TechCrunch) 07-11-2023

Kyle Wiggers / TechCrunch: Microsoft adds a no-cost Azure AI option for Nvidia GPU clusters to its Startups Founders Hub, in preview first for YC startups and coming later to M12 startups  —  In the midst of an AI chip shortage, Microsoft wants to give a privileged few startups free access to “supercomputing” … Lees verder op Tech Meme

Former Meta consultant Arturo Béjar's Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue (Brian Fung/CNN) 07-11-2023

Brian Fung / CNN: Former Meta consultant Arturo Béjar’s Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue  —  Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram … Lees verder op Tech Meme

Ancestry, MyHeritage, and 23andMe begin notifying their users to say their accounts will use 2FA by default, following the theft of millions of 23andMe records (Zack Whittaker/TechCrunch) 07-11-2023

Zack Whittaker / TechCrunch: Ancestry, MyHeritage, and 23andMe begin notifying their users to say their accounts will use 2FA by default, following the theft of millions of 23andMe records  —  DNA testing and genealogy companies are stepping up user account security by mandating the use of two-factor authentication … Lees verder op Tech Meme

Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, with crypto volumes down 55% YoY; HOOD drops 8%+ (Paige Smith/Bloomberg) 08-11-2023

Paige Smith / Bloomberg: Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, with crypto volumes down 55% YoY; HOOD drops 8%+  —  – Third-quarter crypto notional volumes fell 55% on the year  — Online brokerage plans to launch EU crypto trading in weeks Lees verder op Tech Meme

eBay reports Q3 revenue up 5% YoY to $2.5B, gross merchandise volume up 2% YoY to $18B, and forecasts its Q4 revenue and profit below estimates; EBAY drops 5%+ (Chavi Mehta/Reuters) 07-11-2023

Chavi Mehta / Reuters: eBay reports Q3 revenue up 5% YoY to $2.5B, gross merchandise volume up 2% YoY to $18B, and forecasts its Q4 revenue and profit below estimates; EBAY drops 5%+  —  E-commerce platform eBay (EBAY.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday as rising competition … Lees verder op Tech Meme

Google pushes a Pixel update with security fixes and to address an Android 14 storage bug that locked some owners who use multiple profiles out of their devices (Ron Amadeo/Ars Technica) 07-11-2023

Ron Amadeo / Ars Technica: Google pushes a Pixel update with security fixes and to address an Android 14 storage bug that locked some owners who use multiple profiles out of their devices  —  Google’s “solution” can’t do anything for bootlooping devices.  —  It’s the start of November, and that means a new Android security patch. Lees verder op Tech Meme

IBM debuts a $500M enterprise AI venture fund to invest in startups across all stages, with no set target of annual investments or capital deployment timeline (Kia Kokalitcheva/Axios) 07-11-2023

Kia Kokalitcheva / Axios: IBM debuts a $500M enterprise AI venture fund to invest in startups across all stages, with no set target of annual investments or capital deployment timeline  —  IBM is dedicating $500 million to invest in generative AI startups focused on business customers. Lees verder op Tech Meme