Thu. 07/28 – Meta Goes Backwards For The First Time Ever

Meta has reported its first-ever YoY quarterly revenue decline. The FTC has moved to block a Meta acquisition, the first big regulatory move of the Lina Khan era. Google delays it’s cookie cleanup. Again. You’re not seeing things. There’s been a Gmail redesign. And DeepMind has solved one of the oldest problems in biology.

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Links:

• Facebook Parent Meta Platforms Reports First Ever Revenue Drop (WSJ)
• F.T.C. Sues to Block Meta’s Virtual Reality Deal as It Confronts Big Tech (NYTimes)
• Jack Ma Plans to Cede Control of Ant Group (WSJ)
• Google delays when Chrome will phase out third-party cookies to 2024 (9to5Google)
• Gmail’s new look is now rolling out to everyone (The Verge)
• DeepMind's protein-folding AI cracks biology's biggest problem (NewScientist)