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Tech Brew Ride Home

Tue. 10/26 – Facebook Pivots To Youth

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 26 October 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

Facebook whistles past the ATT graveyard, but Zuckerberg wants to target ‘da yoots.’ Adobe adds support for NFTs. Amazon is coming after Clubhouse, joining the Quantum Computing race, and lending Project Kuiper to Verizon. And the big review of Apple’s new chips calls their performance "downright absurd." Sponsors: Tovala.com/ride Stripe.com Links: Facebook delivers light Q4 revenue guidance, mixed Q3 results (ZDNet) Facebook says it’s refocusing company on ‘serving young adults’ (The Verge) Photoshop will get a ‘prepare as NFT’ option soon (The Verge) Amazon is building a Clubhouse competitor that turns hosts into DJs (The Verge) Amazon joins race for quantum computer with new Caltech center (The Washington Post) Amazon’s broadband satellite venture Kuiper teams up with Verizon to expand 5G coverage (The Verge) Blue Origin reveals plans for future commercial space station called Orbital Reef (The Verge) Apple's M1 Pro, M1 Max SoC's Investigated: New Performance and Efficiency Heights (AnandTech) Pixel 6 Pro Review: The flagship Google needs right now is the one buyers deserve (9to5Google) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Tuesday, October 26, 2021. I'm Brian McCullough today.

0:09.0

Facebook whistles past the ATT graveyard, but Zuckerberg wants to target de Utes.

0:14.8

Adobe adds support for NFTs.

0:17.1

Amazon is coming after clubhouse, joining the Quantum Computing Race, and lending Project Kuiper to Verizon. Computer

0:23.0

to Verizon and the big review of Apple's new chips

0:27.0

calls their performance downright absurd.

0:30.0

Here's what you miss today in the world of tech.

0:43.0

Today in the Facebook Saga, the company missed slightly on revenue in its earnings report last night, and also missed a bit on monthly active users,

0:46.0

but beat on earnings per share.

0:49.0

So a bit of a mixed bag earnings report,

0:51.5

but the company did avoid the earnings debacle that Snap seemed to experience.

0:57.0

Q3 ad revenue grew 33% year over year to 28.28 billion dollars, but Facebook nonetheless did warn of

1:04.8

continued headwinds in Q4 due to Apple's ATT changes in iOS, quoting ZD net.

1:11.2

Our outlook reflects the significant uncertainty we face in the fourth

1:15.2

quarter in light of continued headwinds from Apple's iOS 14 changes and macroeconomic

1:20.0

and COVID-related factors, CFO Dave Wenner said in a statement.

1:24.0

In addition, we expect non-ads revenue to be down year over year in the fourth quarter as we

1:28.8

lap the strong launch of Quest 2 during last year's holiday shopping season end quote.

1:34.0

The company's business has already suffered to an extent from Apple's iOS 14.5

1:39.6

update released in April blaming Apple's 14 changes, the social media giant gave

1:44.9

light fourth quarter guidance. The company also said it expects its

1:48.6

metaverse investments will reduce operating profits by 1010 billion for fiscal year 2021 as it begins breaking

...

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