Facebook's stock jumped marginally in after-hours trading Monday after the company beat Wall Street expectations on earnings per share but missed estimates on revenue.
Between the lines: Facebook warned investors last month that changes to Apple’s privacy rules would weigh on its business, and that warning helped the company dodge a big stock slide today.
Gaming publication Eurogamer just awarded its top recommendation — "essential" — to an 11th game this year, equaling the tally for 2020. That’s despite reviewing fewer games and with two months remaining in the year.
Driving the news: That achievement was earned by the captivating virtual card game “Inscryption” and continues a season full of stand-out releases. Many are from smaller studios that are benefitting from an unusual year in games.
Gaming CEO Kristian Segerstrale is calling on leaders in his industry to take action on climate change, after completing a $1.4 million fundraising campaign this summer.
Why it matters: Gaming's pandemic-fueled boom creates an opportunity, and maybe even an obligation, to do some good.
FaZe Clan, a gaming and lifestyle consortium, announced Monday it will enter the public markets via a merger with a special purpose acquisition company (SPAC) that values the combined company at about $1 billion.
Driving the news: FaZe Clan, founded in 2010, touts itself as a "voice of youth culture," with a hand in several industries that target Millennials and Gen Z, such as influencer marketing and e-sports.
Amazon employees allege that they have been shortchanged pay while on leave, according to a New York Times investigation published Sunday.
Why it matters: Much of the recent spotlight on Amazon — along with Google, Apple and Facebook — has been over competition and privacy, but labor concerns have been growing across the industry as well.
T-Mobile said on Friday that it will extend by three months its planned shutdown of Sprint's old CDMA network. It now plans to shutter the network at the end of March, rather than Jan. 1, 2022.
Why it matters: The move follows complaints by Dish Network that shutting down the network will hurt millions of its customers who own devices that still access the older network.
It’s all about Big Tech. The five largest companies in the S&P 500 — Apple, Microsoft, Amazon, Facebook, Alphabet — are set to report this week.
Why it matters: These heavyweights will overshadow most of the other 150+ reporting companies, in what will be the busiest earnings week of the quarter.
Microsoft said Monday that the Russian-backed hackers behind the sprawling SolarWinds breach have targeted at least 140 companies "integral to the global IT supply chain" in a new effort to gain access to their customers' networks.
Why it matters: Despite warnings of retaliation from President Biden, Nobelium, which has been identified by the U.S. government as being part of Russia’s foreign intelligence service, has continued major cyber espionage campaigns even after the attention it garnered from the SolarWinds hack.
Why it matters: The pandemic normalized teleworking, and now workers — especially those in remote-capable tech jobs — are increasingly likely to live in one city but work for a company based in another. But that might affect compensation.
Philly is in the bottom tier, but salaries there are "comparable to general tech job salaries in other emerging tech hubs like Austin, San Diego and Washington, D.C.," Axios Philadelphia's Taylor Allen writes.
Chicago's average (not charted) is even lower than Philly, at $133,000. "Despite a decade of municipal efforts to build up Chicago as a Midwest Silicon Valley, local tech salaries lag behind many of the top cities in the nation," writes Axios Chicago's Monica Eng.
What to watch: 52% of tech workers surveyed by Hired said they preferred a remote-first working model. And 74% of tech workers said they'd start looking for new jobs if their salaries didn't increase or if they were denied raises in six months.
A number of tech companies, including Reddit and Basecamp, have said they will no longer tie compensation to place, paying employees Bay Area salaries no matter where they live. Look for more tech firms to follow suit in order to stay competitive in the war for talent.
