2022年2月3日星期四

Thursday Briefing: Meta's shock share price drop shakes world tech

Thursday, February 3, 2022

by Linda Noakes

Hello

Here's what you need to know.

Big Tech is cut in two as Meta melts down, Russia will have 30,000 troops on drills north of Ukraine, and a Texas butterfly sanctuary closes due to conspiracy threats

Today's biggest stories

A 3D printed Facebook's new rebrand logo Meta and Facebook logo are placed on laptop keyboard in this illustration

BUSINESS

Shares in Facebook owner Meta fell 20% in U.S. premarket trade after the social media giant issued a dismal forecast blaming Apple's privacy changes and increased competition. We look at why U.S. President Joe Biden has eased up on Facebook over COVID misinformation, and how Meta's miss creates a Big Tech divide - who's got the data.

A flaw in Apple's software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by a competing company, according to five people familiar with the matter.

Google parent company Alphabet advanced nearer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged more than 8% following a blowout quarterly report.

Spotify forecast current-quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controversy around The Joe Rogan Experience podcast. The company's shares fell as much as 18% in late trading.

The party is over for technology start-ups rushing to go public at ever-higher valuations, as volatile U.S. stock markets have dampened investor appetite for high-growth stocks.

Tanks are seen during joint exercises of the armed forces of Russia and Belarus, at a firing range in Belarus, February 2, 2022

WORLD

NATO said Russia had stepped up deployments to Ukraine's northern neighbor Belarus in recent days and was expected to have 30,000 troops there for joint military exercises this month. President Tayyip Erdogan will discuss tensions between Ukraine and Russia with his counterpart Volodymyr Zelenskiy in Kyiv today, after pitching Turkey as a mediator.

U.S. special forces successfully carried out a counter-terrorism mission in northwest Syria, the Pentagon said, a raid which Syrian sources said was believed to have targeted an al Qaeda-linked jihadist. Syrian rescue workers said at least 13 people including six children were killed by clashes and explosions that erupted after the raid began.

The United Arab Emirates said it intercepted three drones that entered its airspace over unpopulated areas in the fourth such attack on the Gulf commercial and tourism hub in the past few weeks.

Insurgents in the Pakistani province of Balochistan attacked two military bases, killing seven soldiers while losing 13 of their own men, the army said, in the latest violence in the resource-rich region where China is investing.

The streets of tsunami-hit Tonga were empty and silent on the first full day of a lockdown imposed in the previously coronavirus-free nation after two wharf workers were diagnosed with COVID-19.

Police officers attend a funeral service for New York City Police Department officer Wilbert Mora, who was killed in the line of duty while responding to a domestic violence call, at St. Patrick's Cathedral in the Manhattan borough of New York City, February 2, 2022

U.S.

President Joe Biden's meeting with New York Mayor Eric Adams today to discuss combating escalating gun crime signals Democrats want to send a message that they will not cede the issue of public safety to Republicans this election year. His trip comes a day after hundreds paid tribute to fallen New York police officer Wilbert Mora, two weeks after he was killed responding to a call.

Sarah Palin and the New York Times are scheduled to go to trial today as the 2008 Republican U.S. vice presidential candidate and former Alaska governor seeks to hold the newspaper liable for defamation.

The federal trial for three former Minneapolis police officers charged with violating George Floyd's civil rights in a deadly 2020 arrest has been paused until at least next Monday after one of the defendants tested positive for the coronavirus.

The FBI said it has not detected any explosive devices, after several historically Black colleges and universities across the United States reported receiving bomb threats earlier this week.

A Texas butterfly sanctuary on the Mexican border has closed to the public indefinitely following escalating threats from supporters of former President Donald Trump who are promoting a fabricated claim the sanctuary is part of sex-trafficking ring.

WINTER OLYMPICS

See our full coverage of the Beijing Games

Impressed downhillers get their first taste of the Yanqing slope

Quote of the day

"It is important we never forget what it took to get to this moment, and recognize how social change like this is possible"

Ray Halbritter

Oneida Indian Nation Representative

Washington Football Team has a name again - the Commanders

Video of the day

Thai artist goes back in time with miniature models

Detnarin Khunaran recreates detailed scenes of what life was like in Thailand decades ago.

And finally…

'Game of Thrones' studio tour takes fans into world of Westeros

From the frozen lands 'Beyond the Wall' to the destroyed 'Throne Room', a new studio tour takes fans behind the scenes of the hit television series.

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