Thu. 02/03 – Meta.Bomb

Meta really steps in it with earnings that send the stock down fully 25%. The plague of hacks hitting crypto startups. The ransomware attack causing a snacks crisis in Britain. Bored Apes Yacht Club is an interesting raise. And why we might not see a HoloLens 3.

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Links:

• Meta estimates Apple's iOS changes will cost it $10B in 2022 (ZDNet)
• Facebook and Google’s Ad Addiction Can’t Last Forever (Bloomberg Opinion)
• Cryptocurrency platform Wormhole hacked for an estimated $322 million (The Record)
• KP Snacks giant hit by Conti ransomware, deliveries disrupted (BleepingComputer)
• Bored Ape start-up in investment talks with Andreessen Horowitz (FT)
• Inside Microsoft's mixed reality mess, where confusion, rivalries, and canceled projects have roiled the company's metaverse strategy (Insider)

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