Bill Peters / MarketWatch:
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023 — Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60% — Robinhood Markets Inc. reported second …
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK (Natasha Lomas/TechCrunch)
Natasha Lomas / TechCrunch:
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK — The U.K.’s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence.
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.
Sources: Meta is in talks to license its Horizon software to Jio, which would use it to power a VR device (The Information)
The Information:
Sources: Meta is in talks to license its Horizon software to Jio, which would use it to power a VR device — Meta Platforms is in talks to license its Horizon virtual reality software to Indian technology company Jio, according to three people with knowledge of the situation …
Instagram is making views the primary metric across all of its formats, letting creators track the same metric across Reels, Stories, photos, and more (Jay Peters/The Verge)
Jay Peters / The Verge:
Instagram is making views the primary metric across all of its formats, letting creators track the same metric across Reels, Stories, photos, and more — Instagram is making “views” the primary metric across all of its formats, meaning that creators will be able to track the same metric across Reels, Stories, photos, and more.
Sources: Humane’s Ai Pin and accessories have brought in $9M+ in sales, and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customer hands (Kylie Robison/The Verge)
Kylie Robison / The Verge:
Sources: Humane’s Ai Pin and accessories have brought in $9M+ in sales, and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customer hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.
Roku plans to launch a free, ad-supported 24/7 sports channel across its devices, apps, and website on August 12, showing live Sunday MLB games and more (Etan Vlessing/The Hollywood Reporter)
Etan Vlessing / The Hollywood Reporter:
Roku plans to launch a free, ad-supported 24/7 sports channel across its devices, apps, and website on August 12, showing live Sunday MLB games and more — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker and sports-themed Roku Originals produced …
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices (The Information)
The Information:
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices — OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze’s movie “Her.”
Disney CEO Bob Iger says the company’s password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 (Emma Roth/The Verge)
Emma Roth / The Verge:
Disney CEO Bob Iger says the company’s password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal (Max A. Cherney/Reuters)
Max A. Cherney / Reuters:
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal — For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.
