Fri. 10/22 – Is Apple’s ATT Bite As Bad As People Feared After All?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 22 October 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Snap’s earnings suggest Apple’s ATT bite is having an impact, and what might that mean for others like Facebook? Google lowers Play Store fees and piles pressure on Apple. Did law enforcement give REvil a taste of its own medicine? What the heck is Worldcoin, I still can’t figure it out. And, of course, the weekend longreads suggestions. Sponsors: Dataiku.com RealVision.com/techmeme Links: Snap plummets 22% after missing on revenue expectations (CNBC) Google lowers Play Store fees for subscriptions and music streaming apps (The Verge) Amazon launches in-store pickup option for items from local businesses (CNBC) Governments turn tables on ransomware gang REvil by pushing it offline (Reuters) Silicon Valley entrepreneur Sam Altman wants to scan your eyes in exchange for free cryptocurrency (CNBC) Weekend Longreads Suggestions The Metaverse Is Bad (The Atlantic) DeFi Is Like Nothing Regulators Have Seen Before. How Should They Tackle It? (CoinDesk) Inside Wheel of Time, Amazon’s Huge Gamble on the Next Game of Thrones (GQ) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Friday, October 22nd, 2021. I'm Brian McCullough today.
0:09.0	Snaps earnings suggest Apple's ATT bite is having an impact and what that might mean for others
0:15.2	like Facebook. Google lowers Play Store fees and piles pressure on Apple.
0:20.2	Did law enforcement give our evil a taste of its own medicine?
0:23.5	What the heck is World Coin?
0:25.4	I still can't figure it out.
0:27.0	And of course, the weekend long read suggestions.
0:29.2	Here's what you missed today in the world of tech.
0:38.0	Maybe you notice that earnings season has kicked off once again, but I've been kind of ignoring it.
0:40.0	That's because generally we tend to want to focus on earnings when there's something different to talk about.
0:45.6	But Netflix earnings earlier this week were fine, Tesla's earnings, well another quarter of record profits,
0:51.8	so those are basically unbroken
0:53.8	narratives but here's a screeching narrative violation that might have
0:59.3	implications for a lot of companies we pay attention to. Snap, which had been the earnings turnaround story of late,
1:06.2	was down more than 20% in trading this morning,
1:09.7	wiping out a lot of their recent gains.
1:12.2	After reporting earnings yesterday. Why?
1:15.4	Quoting c. n. C. The company's revenue missed Wall Street expectations after its
1:20.4	advertising business was disrupted by privacy changes Apple introduced
1:24.4	earlier this year. Snap CEO Evan Spiegel praised Apple's consumer
1:28.4	friendly changes on cnbei in February when he also warned they posed a risk to Q4 earnings but said on
1:35.0	Thursday the iPhone's privacy settings impacted snaps advertising business
	...

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