--- title: "Consumer Tech (Aug 3-7): SpaceX Released Strong First Earnings, Meta Sued For Harming Children's Mental Health & More" type: "News" locale: "en" url: "https://longbridge.com/en/news/295329959.md" description: "Tech sector earnings varied: Applied Optoelectronics, Cloudflare, Atlassian, Western Digital, Figma, SoundHound AI, IonQ, and Astera Labs beat estimates. Meta faces a $567M judgment for child safety harms and AI security issues. SpaceX reported strong earnings; Trump highlighted data centers' economic potential. NYC cracked down on illegal e-bikes sold by major retailers. T-Mobile dismissed Starlink Mobile threats." datetime: "2026-08-09T14:40:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295329959.md) - [en](https://longbridge.com/en/news/295329959.md) - [zh-HK](https://longbridge.com/zh-HK/news/295329959.md) --- # Consumer Tech (Aug 3-7): SpaceX Released Strong First Earnings, Meta Sued For Harming Children's Mental Health & More President **Donald Trump** said on Friday that data centers could eventually become a bigger industry than oil, calling them significant for the U.S. economy. President **Donald Trump**‘s former Counterterrorism Chief **Joe Kent** has reaffirmed his stance that the U.S. should exit the Strait of Hormuz and claim victory in the Iran war. New York City Mayor **Zohran Kwame Mamdani** has launched a crackdown on online retailers selling allegedly illegal high-speed e-bikes and e-scooters, targeting major platforms including **Walmart Inc.** (NASDAQ:WMT), **Target Corp**. (NYSE:TGT), **Wayfair Inc.** (NYSE:W), **Temu** parent **PDD Holdings Inc** (NASDAQ:PDD) and **Amazon.com, Inc.** (NASDAQ:AMZN) over public safety concerns. ## Software, Technology & Semiconductors - **Applied Optoelectronics Inc.** (NASDAQ:AAOI) stock surged in premarket trading Friday after the company reported second-quarter results that topped Wall Street estimates, issued strong third-quarter guidance and said demand for its AI networking products is expected to outpace production capacity through mid-2027. - **Meta Platforms, Inc.** (NASDAQ:META) was ordered to pay $567 million and implement sweeping changes to **Facebook** and **Instagram** for young users after a New Mexico judge ruled the company contributed to harming children’s mental health and safety. - **Meta** has joined **OpenAI** and **Anthropic** in facing fresh AI safety concerns after one of its models gained unintended internet access during cybersecurity testing and exploited a security vulnerability involving another company. - **Cloudflare, Inc.** (NYSE:NET) reported quarterly earnings of 29 cents per share, which beat the consensus estimate of 27 cents by 7.41%, according to Benzinga Pro data. Quarterly revenue came in at $696.06 million, which beat the Street estimate of $665.5 million. - **Atlassian Corporation** (NASDAQ:TEAM) reported fourth-quarter revenue of $1.766 billion, up 28% year-over-year. The revenue total beat a Street consensus estimate of $1.660 billion according to data from Benzinga Pro. - **Rigetti Computing, Inc.** (NASDAQ:RGTI) reported quarterly losses of five cents per share, in line with the analyst consensus estimate, according to Benzinga Pro data. Revenue came in at $5.1 million, which missed the Street estimate of $5.15 million. - **The Trade Desk, Inc.** (NASDAQ:TTD) reported quarterly earnings of 34 cents per share, which missed the consensus estimate of 40 cents by 15%, according to Benzinga Pro data. Revenue came in at $715.06 million, which missed the Street estimate of $751.39 million. - **Western Digital Corporation** (NASDAQ:WDC) reported adjusted earnings more than doubled to $3.56 per share from a year earlier, topping the analyst consensus estimate of $3.29. Revenue increased 44% year over year to $3.75 billion, ahead of the consensus estimate of $3.69 billion. - **SanDisk Corp.** (NASDAQ:SNDK) posted a fourth-quarter earnings beat on Wednesday, but investors remained unconvinced as cautious guidance and questions over how long the memory boom can last sent the stock sharply lower in after-hours trading. The company expects PC and smartphone shipments to decline sharply in 2026, but CEO **David Goeckeler** said rising storage capacity and market stabilization next year could support renewed NAND demand. - **Fastly Inc.** (NASDAQ:FSLY) posted its second-quarter results after Wednesday’s closing bell. Shares fell despite the company’s strong results and raised fiscal guidance. - **Figma, Inc.** (NYSE:FIG) reported second-quarter revenue of $370.08 million, beating estimates of $351.56 million, per Benzinga Pro. The collaborative web-based software company reported adjusted earnings of eight cents per share, beating estimates of four cents per share. - **SoundHound AI, Inc.** (NASDAQ:SOUN) reported second-quarter revenue of $61.90 million, beating the consensus estimate of $52.39 million. The conversational AI company reported an adjusted loss of two cents per share for the quarter, beating estimates for a loss of six cents per share, according to Benzinga Pro. - **IonQ, Inc.** (NYSE:IONQ) turned in second-quarter revenue of $80.05 million, beating analyst estimates of $49.74 million. The quantum computing company posted a second-quarter adjusted loss of 33 cents per share, beating estimates for a loss of 35 cents per share, according to Benzinga Pro. - **Applovin Corporation** (NASDAQ:APP) reported second-quarter revenue of $1.924 billion, missing analyst estimates of $1.935 billion, according to Benzinga Pro. The advertising technology company reported earnings of $3.76 per share for the quarter, beating estimates of $3.67 per share. - **GlobalFoundries Inc.** (NASDAQ:GFS) stock declined Wednesday after the contract chipmaker reported better-than-expected fiscal second-quarter 2026 results, but a third-quarter outlook largely in line with Wall Street expectations failed to impress investors. - **Palantir Technologies Inc** (NASDAQ:PLTR) stock gained in early trading on Wednesday, but turned red in the trading session. The volatile move comes after reporting upbeat second-quarter financial results on Monday. - **Advanced Micro Devices, Inc.** (NASDAQ:AMD) said stronger-than-expected demand has tightened the server CPU supply chain, but CEO **Lisa Su** expects conditions to improve in 2027. - **Astera Labs Inc.** (NASDAQ:ALAB) posted its second-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines.  - **Aehr Test Systems** (NASDAQ:AEHR) shares jumped on Tuesday after the company secured a follow-on FOX-XP production order from its lead silicon photonics customer. ## Networks, Media & Broadline Retail - **T-Mobile US Inc.** (NASDAQ:TMUS) CEO **Srini Gopalan** dismissed the threat from **Elon Musk’s** planned Starlink Mobile service as “exaggerated,” questioning why consumers would leave established carriers even as **SpaceX** (NASDAQ:SPCX) promises higher bandwidth, satellite coverage and a terrestrial network aimed at winning customers from T-Mobile, **AT&T Inc.** (NYSE:T) and **Verizon Communications Inc.** (NYSE:VZ). - **Alibaba Group Holding Limited** (NYSE:BABA) is reportedly preparing to introduce a revenue-sharing model for large commercial users of its upcoming open-source **Qwen AI** model. - **Warner Bros. Discovery Inc.** (NASDAQ:WBD) executives on Thursday said the streaming bundle with **The Walt Disney Co.** (NYSE:DIS) is generating measurable benefits, helping reduce customer cancellations. - **The Walt Disney** plans to evolve Disney+ from a video platform into an integrated fan ecosystem combining games, merchandise, and interactive experiences by spring 2027, as Chief Executive Officer **Josh D’Amaro** declared that the entertainment giant is "just playing a different game" compared to streaming rivals. - **The Walt Disney** is cashing out of **A+E Global Media**, agreeing to sell its 50% stake to media conglomerate **Hearst** for approximately $1.2 billion in cash as investors continue to debate Disney’s long-term media strategy - **SurgePays, Inc.** (NASDAQ:SURG) announced of the formation of **Redline Wireless Group, LLC**, a Wyoming-based joint venture targeting prepaid wireless distribution. - **Shopify Inc.** (NASDAQ:SHOP) stock rose Wednesday after the e-commerce software company reported second-quarter fiscal 2026 results that beat Wall Street expectations and issued third-quarter revenue guidance above estimates. - **Spotify Technology SA** (NYSE:SPOT) stated that agreements with every major music label weren’t required before launching its AI music service. - **Spotify** expects monthly active user growth to slow in the third quarter as it adjusts its free-tier strategy in emerging markets, prioritizing long-term monetization and subscriber conversion over rapid user expansion. ## Airlines, Automobiles & Spacecrafts - The Federal Aviation Administration (FAA) has issued an Airworthiness Directive after it identified cracks in the fuselage of some **Boeing Co.** (NYSE:BA) 737 family aircraft. - **Serve Robotics Inc.** (NASDAQ:SERV) reported quarterly losses of 59 cents per share, which beat the consensus estimate for losses of 68 cents, according to Benzinga Pro data. Revenue came in at $3.28 million, which missed the Street estimate of $3.49 million. - **Tesla Inc.** (NASDAQ:TSLA) has started building Megapack 3 batteries at its new Brookshire, Texas, Megafactory, adding major production capacity as energy storage grows into a more profitable counterweight to the company’s electric-vehicle business. - **Joby Aviation, Inc.** (NYSE:JOBY) reported quarterly losses of 25 cents per share, which missed the consensus estimate for losses of 23 cents, according to Benzinga Pro data. Revenue clocked in at $38.64 million, which beat the analyst consensus estimate of $30.38 million by 27.18% and was up from revenue of only $15,000 in the same period last year. - **Space Exploration Technologies** reported stronger-than-expected first quarterly financial results as a public company, prompting CEO **Elon Musk** to mock short sellers after bearish bets against the stock climbed to about one-third of its public float ahead of the earnings. - **SpaceX** just landed a contract worth more than its entire rocket business pulled in over six months — a stark reminder of how small the space segment still is next to Starlink and the company’s AI ambitions. - **Uber Technologies, Inc.** (NYSE:UBER) moved a step closer to launching autonomous ride-hailing services in London. - **Alphabet Inc.’s** (NASDAQ:GOOG) (NASDAQ:GOOGL) **Waymo** co-CEO Dmitri Dolgov warns physical-AI developers against applying Silicon Valley’s break-things culture to autonomous cars and robots, where errors can cause irreversible harm. ## Bitcoin & AI - **Datadog, Inc.** (NASDAQ:DDOG) delivered a robust second quarter with $1.12 billion in revenue and adjusted earnings of $0.65 per share, clearing Wall Street estimates. However, the company’s third quarter guidance implied a deceleration to roughly 29% year-over-year revenue growth. - **ByteDance** is reportedly developing a new AI model that may rival the scale of **Anthropic**’s advanced Mythos system, in a bid to close the gap with leading U.S. AI companies. - **Sharon AI Holdings Inc (NASDAQ:SHAZ)** reported a sharply widened second-quarter net loss, despite posting strong top-line growth and expanding its infrastructure platform. - **OpenAI** on Wednesday asked a U.S. judge to dismiss **Apple Inc.**‘s (NASDAQ:AAPL) lawsuit accusing the **ChatGPT** maker and two former Apple employees of stealing trade secrets to fuel its consumer hardware ambitions - **Apple** has asked a U.S. judge to issue a preliminary injunction preventing two former employees and **OpenAI** from accessing, using, or disclosing alleged confidential information while its trade secrets lawsuit proceed. ### Related Stocks - [DTEGY.US](https://longbridge.com/en/quote/DTEGY.US.md) - [IONQ.US](https://longbridge.com/en/quote/IONQ.US.md) - [ALAB.US](https://longbridge.com/en/quote/ALAB.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) - [AAOI.US](https://longbridge.com/en/quote/AAOI.US.md) - [TEAM.US](https://longbridge.com/en/quote/TEAM.US.md) - [SOUN.US](https://longbridge.com/en/quote/SOUN.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [FIG.US](https://longbridge.com/en/quote/FIG.US.md) - [NET.US](https://longbridge.com/en/quote/NET.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [SOUX.US](https://longbridge.com/en/quote/SOUX.US.md) - [FIGG.US](https://longbridge.com/en/quote/FIGG.US.md) - [IONX.US](https://longbridge.com/en/quote/IONX.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [IONZ.US](https://longbridge.com/en/quote/IONZ.US.md) - [LABX.US](https://longbridge.com/en/quote/LABX.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [IONL.US](https://longbridge.com/en/quote/IONL.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [IOYY.US](https://longbridge.com/en/quote/IOYY.US.md) - [AAOX.US](https://longbridge.com/en/quote/AAOX.US.md) - [WDCX.US](https://longbridge.com/en/quote/WDCX.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [DTE.DE](https://longbridge.com/en/quote/DTE.DE.md) - [WMT.US](https://longbridge.com/en/quote/WMT.US.md) - [TGT.US](https://longbridge.com/en/quote/TGT.US.md) - [W.US](https://longbridge.com/en/quote/W.US.md) - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [TTD.US](https://longbridge.com/en/quote/TTD.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [FSLY.US](https://longbridge.com/en/quote/FSLY.US.md) - [APP.US](https://longbridge.com/en/quote/APP.US.md) - [GFS.US](https://longbridge.com/en/quote/GFS.US.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) - [SOUNW.US](https://longbridge.com/en/quote/SOUNW.US.md) - [IONQ+.US](https://longbridge.com/en/quote/IONQ+.US.md) ## Related News & Research - [Harvard University discloses $2.2B holding in SpaceX, Bloomberg says](https://longbridge.com/en/news/296029750.md) - [Law firm Motley Rice's fee for Meta case in New Mexico could top $67 million](https://longbridge.com/en/news/295720964.md) - [Instagram Head of Product Design Explains Thinking Behind That New Logo and Responds to Critics: ‘It’s Important for Us to Embrace the Future’](https://longbridge.com/en/news/296134477.md) - [Zuckerberg unveils $1B fund and open AI push](https://longbridge.com/en/news/295781059.md) - [BREAKINGVIEWS-Anthropic’s deceleration has some IPO upside](https://longbridge.com/en/news/296261346.md)