The Peak Daily

After an earnings report more disappointing than a bad date who didn’t even offer to split the bill, Tinder is making some changes and curtailing its metaverse ambitions.If there’s anything we can learn from Nancy Pelosi’s jaunt to Taiwan–specifically, the criticism surrounding it–it’s that the world is pretty freaked out about China right now.If you’re wondering how bad a movie has to be for a studio to not even bother releasing it ask a member of the test audience for “Batgirl” because you’re not going to get a chance to see it for yourself after Warner Brothers shelves it before it was even released.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

For the first time in the company’s history, Uber reported positive cash flow in a quarter on the back of a record US$8.1 billion in revenue.As last year’s lockdowns drove online spending to new heights, Amazon’s carbon emissions grew 18% from the year before, according to the company’s latest sustainability report.Canadian National Railway is predicting a big rebound for Canadian grain shipments after an off-year and expects to move up to 27 million tonnes of grain for the current crop year—a ~48% year-over-year increase.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Tech companies may be struggling, but it’s a great time to be in a more old-school business: oil and gas companies are raking in record profits and earning windfalls for shareholders.US antitrust regulators are suing to block Meta’s purchase of virtual reality startup Within, a move that could seriously hamper the company’s metaverse ambitions and have ripple effects across Big Tech.The debate over we’re in a recession is heating up!The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

DeepMind is releasing an extended database with information for nearly every protein known to science, only eighteen months after introducing the AI behind it.Global natural gas prices are on the rise this week after Russia cut gas flows to Europe in half.The federal government wants to cut fertilizer emissions by 30% by 2030 per its latest climate plan, but farming critics believe that isn’t feasible without producing a lot less food.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Microsoft is leading a crusade against Amazon’s dominance in the government cloud-computing space and is asking competitors to raise their voices, too.It’s earnings season and we’re breaking down the numbers from some of the biggest companies.FTX, the world’s second largest crypto exchange, is eying a purchase of South Korean crypto exchange Bithum as founder and CEO Sam Bankman-Fried looks to continue his shopping spree.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Shopify’s no-good, horrible, very-bad year only got worse after the company announced it was laying off 10% of its workforce, sending shares cratering by ~15%.Unilever increased prices across its 400 brands, from Dove soap to Hellmann’s mayonnaise, by 11%, as executives try to battle an “unprecedented cost landscape” without losing customers to cheaper alternatives.The Kardashians aren’t happy about Meta’s moves to make Facebook and Instagram more like TikTok, but not even their clout is powerful enough to stop the pivot to video.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Yesterday, Rogers execs went to the House of Commons, received a stern talking to, explained what went wrong, and laid out some measures to prevent another major outage.Grocery chains and suppliers have said the government may need to intervene to help create a national code of conduct for the industry, per the Financial Post.The US Senate has voted to advance a US$280 billion package of subsidies and research funding to raise US technological competitiveness with China.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

DALL-E 2, the image generator that took the internet by storm, has become more widely available.Snap shares fell 35% yesterday after the company reported lacklustre growth and revenue results, despite an increase in daily active users of 18% to 347 million.Ukraine and Russia signed an agreement to reopen three key Ukrainian ports for the shipment of grain, in an attempt to avoid plunging the globe into a catastrophic food crisis.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Ontario wants Toronto and Ottawa’s mayors to become the country’s first ‘strong mayors’—and no, that doesn’t mean they need to hit the gym. Facebook-parent company Meta has revamped the Facebook app to make it feel a lot more like you’re browsing TikTok Within hours of each other, Canada and the US launched trade complaints against Mexican energy policies unfairly excluding foreign firms under the Canada-US-Mexico Trade Agreement (CUSMA). The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Canada’s consumer price index (CPI) surged to 8.1% in June, the biggest annual increase in almost 40 years, mostly driven by high gas prices (up 54.6% since last year).Russia said that the Nord Stream 1 pipeline, Europe’s main gas delivery system, would resume operations today after a scheduled maintenance shutdown, likely at reduced capacity.The federal government has announced a $2 billion expansion to Canada’s Oceans Protection Plan with one stated initiative to “improve the efficiency and sustainability of Canada’s marine supply chains and mitigate their impacts on the environment.”The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.