Hope you had a good week! In this newsletter, we’ll talk about some people who had a pretty awful one, and how good was Bezos’.
Last week’s most important tech news:
- Meta (the old Facebook) announced some bad (like...very bad) quarterly earnings and lost $230B of market cap in a single day - the biggest drop in history. Some of the reasons are the first decline in users the company recorded, competition from TikTok, Apple’s new privacy regulations, $10B lost in the Metaverse, and regulatory pressure.
- Amazon also announced their quarterly earnings, but they were pretty dope. They doubled their workforce during the pandemic, and now employ 1.6M people: 1 out of 153 Americans works for Amazon. They also broke down the numbers of their advertising business, which last year made $31B in revenues. That’s more than Youtube. If that’s not enough, they opened their telehealth service Amazon Care to the entire United States.
- The US Department of Justice arrested the two hackers that stole 120k Bitcoin in 2016, and seized $3.6B worth of Bitcoin from them. The couple had real pain in laundering the money, so lived a modest life while posting cringe raps on TikTok. They stored their private keys on some cloud provider, that gave them to the FBI. Talk about decentralization...
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Associate Director at Accenture | Responsible AI
3 年Thanks Gianluca for another good "AI insider's". Regarding the Apple privacy impact on Meta shares value drop, you focused on the direct impact of less revenue for Meta as users of IPhone opt out of tracking in other apps. Would you not also agree that indirectly Meta is also positioned, in contrast to Apple, as being more "intrusive" and that the business-model of tracking individuals as a whole is under scrutiny?