Tesla posts underwhelming financial results for Q4 2023

Revenues only grew by 3 percent year over year, disappointing the market.

New Tesla electric vehicles fill the car lot at the Tesla retail location on Route 347 in Smithtown, New York on July 5, 2023.

Enlarge / Tesla sold 1.2 million Model Y crossovers last year. (credit: John Paraskevas/Newsday RM via Getty Images)

Tesla published its financial results for the last three months of 2023 this afternoon. The good news for the company is that it met its goal of delivering 1.8 million electric vehicles to customers, as Ars reported earlier this month when the automaker published that data. But a look at the company's full financial results for Q4 are not as encouraging, and Tesla shares have fallen steeply in post-market trading.

Tesla brought in $25.2 billion in total revenue for Q4 2023, a year-over-year increase of 3 percent. Gross profits were down 23 percent for the quarter year over year, although net income (as determined by generally agreed accounting principles) increased 115 percent year over year. In large part, this was due to Tesla recording a "one-time non-cash tax benefit of $5.9 [billion] in Q4 for the release of valuation allowance on certain deferred tax assets"; non-GAAP income dropped 39 percent.

Free cash flow increased by 33 percent for the quarter, but its operating margin is almost half that of Q4 2022 at 8.2 percent.

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Amazon Ring stops letting police request footage in Neighbors app after outcry

Warrantless access may still be granted during vaguely defined “emergencies.”

Amazon Ring stops letting police request footage in Neighbors app after outcry

Enlarge (credit: Chip Somodevilla / Staff | Getty Images North America)

Amazon Ring has shut down a controversial feature in its community safety app Neighbors that has allowed police to contact homeowners and request doorbell and surveillance camera footage without a warrant for years.

In a blog, head of the Neighbors app Eric Kuhn confirmed that "public safety agencies like fire and police departments can still use the Neighbors app to share helpful safety tips, updates, and community events," but the Request for Assistance (RFA) tool will be disabled.

"They will no longer be able to use the RFA tool to request and receive video in the app," Kuhn wrote.

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eBay lays off 1,000 employees, about 9 percent of full-time workforce

Cutting 1,000 jobs, eBay says “headcount and expenses have outpaced” growth.

A large eBay logo on a sign near the company headquarters building.

Enlarge (credit: Getty Images | Justin Sullivan )

eBay is laying off approximately 1,000 employees in a move that reduces its full-time workforce by 9 percent, the company announced yesterday. eBay also plans "to scale back the number of contracts we have within our alternate workforce over the coming months," CEO Jamie Iannone wrote in a message to staff that was titled, "Ensuring eBay's Long-Term Success."

Iannone cited "the challenging macroeconomic environment" and said that eBay has too many employees. "While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business," he wrote.

eBay asked all US-based employees to work from home on Wednesday "to provide some space and privacy" for conversations in which laid-off employees were to be given the bad news. The 1,000 layoffs come nearly one year after eBay eliminated 500 employees.

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Reddit: IP Address Disclosure Puts User Anonymity At Risk

A third attempt by film companies to obtain information on Reddit users is facing opposition from the social media platform. The rightsholders, who want to use comments posted to Reddit as evidence in a lawsuit against an ISP, argued that disclosing IP addresses doesn’t violate their right to anonymous speech. Reddit wholeheartedly disagrees and has asked the court to deny the request, just like it did the others.

From: TF, for the latest news on copyright battles, piracy and more.

reddit logoEarly last year, a group of filmmakers obtained a subpoena, requesting Reddit to reveal the identities of users who commented on piracy-related topics.

The movie companies said they were not planning to go after these people in court but wanted to use their comments as evidence in an ongoing piracy lawsuit against Internet provider RCN.

Reddit wasn’t willing to go along with the request. Instead, the company objected, arguing that handing over the requested information would violate their users’ right to anonymous speech.

Reddit I, II and III

A California federal court eventually agreed with this defense, concluding that Redditors’ First Amendment rights outweigh the interests of rightsholders. According to Magistrate Judge Laurel Beeler, the filmmakers have other options to obtain this type of information, including through RCN itself.

A few weeks after this setback, the rightsholders filed another request, seeking similar information for use in their lawsuit against ISP Grande. This second attempt wasn’t successful either, and Redditors’ right to anonymous speech prevailed once again.

Attorney Kerry Culpepper, who represented different line-ups of filmmakers in these cases, wasn’t prepared to give up on this route to evidence quite so easily. Earlier this month he was back in court with a similar, but tweaked, request. This time it relates to a lawsuit targeting Internet provider Frontier Communications.

IP addresses & Anonymity

In general terms, this case is comparable to the others. The film companies, Voltage Holdings and Screen Media Ventures, want to use comments made by six Redditors to show that the ISP didn’t take proper action against repeat infringers, or that ‘lax’ enforcement acted as a draw to potential pirates.

Reddit, again, refused to hand over information, arguing it would violate their users’ right to anonymous speech. This prompted the filmmakers to return to court for a third time.

In their latest motion to compel, the rightsholders introduce a new angle. They are no longer looking for any names or email addresses, only the applicable IP address logs. This would allow the commenters to remain anonymous, they argue.

“Reddit asserts that the information Movants request is not permissible under the First Amendment. However, Movants’ subpoena does not request anonymous users’ identities. Rather, the subpoena is limited to requesting the Reddit users’ IP address logs,” they write.

Reddit Opposes in Court

In a response to the motion this week, Reddit counters that disclosing IP addresses would still violate users’ rights to anonymous speech, adding that no court has ever ruled otherwise.

According to Reddit, users’ IP addresses would be useless as evidence if they didn’t identify the targets in any shape of form.

“First, and most obviously, Movants’ subpoena exclusively seeks the IP addresses of the targeted Reddit users. Were IP addresses not identifying information, they would hold no evidentiary value to Movants whatsoever and the subpoena would be pointless.”

reddit compel

Secondly, since Reddit doesn’t require users to verify their identities, IP addresses are sensitive information. They can be used to obtain the targets’ personal information, for example, by serving a subpoena on their Internet provider.

“Movants know, the process of unmasking a Reddit user turns on Reddit’s disclosure of an IP address because Reddit does not require its users to provide their real names or addresses. For that reason, provision of an IP address is unmasking subject to First Amendment scrutiny.

“After learning an IP address, the Movants need only subpoena the ISP for the subscriber information associated with that IP address, and the ISP does not share Reddit’s interest in protecting the anonymity of that user,” Reddit adds.

Other Options Preferred

In their motion, the filmmakers haven’t explained what value the IP addresses offer in addition to the anonymous comments that are already publicly available. According to Reddit, there are other and ‘less invasive’ options for the filmmakers to get what they want.

The film companies already have IP addresses of pirating Frontier subscribers, Reddit argues. These can be used to obtain the identities of account holders, so they can be questioned for evidence.

The rightsholders previously noted that Frontier is not willing to share the identities of users, but Reddit points out that this is an outdated stance from the ISP which has since changed.

“Here, Movants again admit that they already have ‘pirating [IP] addresses’. And, as described above, Frontier has already indicated that it will provide Movants with identifying information for those IP addresses upon receipt of a subpoena,” Reddit’s opposition reads.

If allegedly pirating subscribers can be targeted directly, Reddit believes that putting the anonymity of its users at risk by exposing their IP addresses is unnecessary.

The filmmakers further argued that, unlike the ISPs’ ‘pirating IP addresses’, the Reddit comments specifically serve as evidence that lack of enforcement against repeat infringers served as a draw to potential Frontier customers.

Once again, Reddit doesn’t believe that disclosing the IP addresses of its users adds anything to the publicly available comments.

“[T]o the extent Movants are suggesting that the Reddit posts themselves are ‘documented evidence,’ Movants need not unmask the Reddit users to admit that documented evidence; Movants could lay the evidentiary foundation for, and authenticate, those posts themselves,” Reddit writes.

The response from Reddit shows that once again, it will be for the court to decide whether the company has to hand over any information. That will happen after the matter is discussed at a hearing in a few weeks.

In addition to the main question, there’s also a request pending from film companies Killing Link Distribution, Family of the Year Productions, and Laundry Films, who want to join the rightsholder’s motion.

A copy of Reddit’s opposition to the motion to compel, filed at the U.S. District Court for the Northern District of California, is available here (pdf)

From: TF, for the latest news on copyright battles, piracy and more.

Netflix, hungry for more growth, signals more price hikes

Basic ad-free plan being ripped from subscribers in Canada, UK first.

Jason Bateman and Laura Linney in Ozark

Enlarge / Jason Bateman and Laura Linney in the Netflix original series Ozark. (credit: Netflix/YouTube)

Netflix subscribers can expect more price hikes as the company looks to grow revenue in 2024. In its Q4 2023 letter to shareholders, Netflix also revealed plans to eliminate the cheapest ad-free plan available to users.

In the January 23 letter (PDF), Netflix said:

As we invest in and improve Netflix, we’ll occasionally ask our members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow our service.

The statement will be unsavory for frugal streamers who have recently endured price hikes from Netflix and other streaming services. In January 2022, Netflix increased the price of its Basic no-ads tier from $8.99 per month to $9.99/month. In October 2023, that same plan went up to $11.99/month. Meanwhile, Netflix's Premium ad-free plan increased from $17.99/month to $19.99/month in January 2022 and then to $22.99/month in October.

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THE400 Mini is a half-sized Atari 400 replica for 8-bit retro gaming

The Atari 400 is a home computer that first launched in 1979 with a 1.79 MHz 8-bit processor, 8 KB of RAM, four joystick ports, a cartridge slot, and an unusual membrane keyboard. More than four decades later, Retro Games Ltd is bringing back the Atar…

The Atari 400 is a home computer that first launched in 1979 with a 1.79 MHz 8-bit processor, 8 KB of RAM, four joystick ports, a cartridge slot, and an unusual membrane keyboard. More than four decades later, Retro Games Ltd is bringing back the Atari 400… kind of. The company’s latest retro game system […]

The post THE400 Mini is a half-sized Atari 400 replica for 8-bit retro gaming appeared first on Liliputing.

Mugger take your phone? Cash apps too easily let thieves drain accounts, DA says

Cash apps need tools like Apple’s Stolen Device Protection, DA says.

Mugger take your phone? Cash apps too easily let thieves drain accounts, DA says

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Popular apps like Venmo, Zelle, and Cash App aren't doing enough to protect consumers from fraud that occurs when unauthorized users gain access to unlocked devices, Manhattan District Attorney Alvin Bragg warned.

“Thousands or even tens of thousands can be drained from financial accounts in a matter of seconds with just a few taps," Bragg said in letters to app makers. "Without additional protections, customers’ financial and physical safety is being put at risk."

According to Bragg, his office and the New York Police Department have been increasingly prosecuting crimes where phones are commandeered by bad actors to quickly steal large amounts of money through financial apps.

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Google’s Pixel 9 gets its first render, looks a lot like an iPhone

Plus the base model Pixel 9 might be a “mini-Pro” model, with all the same features.

Google’s Pixel 9 gets its first render, looks a lot like an iPhone

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If Google sticks to the usual cadence of device releases, the Google Pixel 9 will come out in around 9 months. That's a long ways away, but still not so far away that it can't be leaked: the ever-reliable Steve Hemmerstoffer, aka OnLeaks, has a set of Pixel 9 Pro renders up over at MySmartPrice. Usually, these renders are based on the CAD files that accessory designers need before they can begin making products, so while all the major components should be correct down to the millimeter, the materials, colors, and some small details may be speculative.

There are a lot of differences in these renders. First, the renders show a flat metal band around the sides, making it look a lot like an iPhone. Samsung also adopted this design for the Galaxy S24 and S24 Plus, so everyone seems to want to look just like their biggest rival. This allows the front and back of the phone to be completely flat slabs of glass, instead of the rounded glass back of the Pixel 8. The screen is also completely flat again.

The other major visible difference is the camera bar, which used to stretch from side to side across the back of the phone, but now is a floating bar that isn't connected to the sides. That makes the camera bar closer to the Pixel Fold design. The Pixel Fold camera bar was a rounded rectangle, but this is a full-on pill shape, which, in these renders, follows the shape of the camera glass cover. Besides the camera lenses, the bar has an LED flash and a second mystery sensor circle. On the Pixel 8, the circle under the LED is a temperature sensor. I feel like the temperature sensor has been either panned or forgotten about, so it wouldn't surprise me to see it cut, but the realities of the smartphone development cycle might make it too early for that.

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Funkzellen: Einschränkung im Mobilfunk bei Demos gegen AfD

Anders als bei geplanten Musik- und Sportereignissen hatten die Mobilfunknetze Probleme während der antifaschistischen Proteste in der vergangenen Tagen. Sie waren “zu kurzfristig” für LTE und 5G. (Mobilfunk, Telekom)

Anders als bei geplanten Musik- und Sportereignissen hatten die Mobilfunknetze Probleme während der antifaschistischen Proteste in der vergangenen Tagen. Sie waren "zu kurzfristig" für LTE und 5G. (Mobilfunk, Telekom)