😳 CrowdStrike’s Global IT Outage Apology: $10 Gift Card

In partnership with

‎ ‎

Hey Waivly Crew! 🌊 In today’s edition, CrowdStrike apologizes for last week’s global computer crash with $10 Uber Eats gift cards. Meanwhile, Proton steps into crypto with its new product: Proton Wallet.

‎‎‏‏‎ ‎‎

Here’s what’s on the horizon today:

• Tesla's profits sank sharply in the second quarter of 2024

• CrowdStrike offers a $10 apology gift card to partners

• Proton introduces a self-custody Bitcoin wallet

• Spot Ether ETFs generate $937M volume in 2nd trading day

Let’s dive in!

STORIES MAKING A SPLASH

^_FINANCE
Tesla's profits sank sharply in the second quarter of 2024

Tesla’s Q2 earnings report revealed a $1.48 billion net income on $25.5 billion in revenue, marking a 2% revenue increase from last year but a steep 45% drop in net income. Gross margins, a key focus for investors, remained under pressure, with a slight improvement to 18% but still down from the previous year.

The company highlighted a positive trend in global EV adoption, attributing it to better customer sentiment. Despite this, Tesla's vehicle production and deliveries were down compared to last year, though they exceeded Wall Street's expectations.

This quarter has been eventful for Tesla, with significant moves including the abandonment and then recommitment to the "Model 2," delays in the robotaxi reveal, and dramatic shifts in staffing and technology scrutiny. Additionally, a judge overturned an earlier decision on Elon Musk’s compensation package, which shareholders have now approved.

^{_{EDITION IN PARTNERSHIP WITH}}
Betterment

Ease into investing

“Ease” being the key word. With automated tools like portfolio rebalancing and dividend reinvestment, Betterment makes investing easy for you, and a total grind for your money.

Get started

^_TECH
CrowdStrike offers a $10 apology gift card to partners

The firm behind the global IT outage that cost billions, disrupted 5% of world air traffic, and crippled NHS systems has issued $10 food vouchers as an apology. However, some recipients have reported the vouchers are invalid.

CrowdStrike's apology aimed to thank and address the extra workload caused by last Friday's outage, which affected millions of computers globally. The company acknowledged the inconvenience caused by the incident on July 19, but many found the gesture fell short when the gift cards failed to work.

The outage, described as one of the worst ever, was triggered by a faulty update to CrowdStrike's Falcon sensor software. Intended to enhance security, the update instead caused a “blue screen of death” on an estimated 8.5 million Microsoft Windows PCs, disrupting airports, hospitals, and businesses.

^{_{CAREER DEVELOPMENT}}
Supercharge your job hunt with Waivly Work Premium

On the search for a new job? Join Waivly Work Premium the jobseeker toolkit that supercharges your job efforts and offers you loads of powerful tools to land your dream job, quickly 🙌 Perks include:

✅ See job listings first and apply before anyone else does

✅ Resources to supercharge your search

✅ High success rate templates for CVs and more

✅ Learn networking strategies

✅ And so much more!

WEB3 SPECIAL

^{_{WEB3 SPECIAL}}
Proton introduces a self-custody Bitcoin wallet

Proton, known for its secure email, VPN, and storage services, is now venturing into cryptocurrency with its new product: Proton Wallet. This crypto wallet is designed to simplify Bitcoin transactions and currently supports only Bitcoin, with plans to include more currencies based on user feedback.

Proton Wallet is a self-custody wallet, meaning users retain control of their private keys. Unlike exchanges such as Coinbase or Binance, which manage private keys and transactions on behalf of users, Proton Wallet requires users to authorize transactions themselves using their keys.

Proton Wallet uses a recovery phrase for backup, allowing users to recover their assets if their device is lost. As a self-custody solution, Proton can't access users' assets, offering a more secure alternative to centralized exchanges. Open source and audited, it ensures a robust level of security.

^{_{WEB3 SPECIAL}}
Spot Ethereum ETFs generate $937M volume in 2nd trading day

On their second day, Ethereum ETFs saw nearly $1 billion in trading volume. Spot ether ETFs generated about $951 million on Wednesday, following a robust $1.054 billion debut on Tuesday.

The Grayscale Ethereum Trust (ETHE) led with $492 million, making up 52% of the total volume. It was followed by BlackRock's iShares Ethereum Trust (ETHA) with $256 million and the Fidelity Ethereum Fund (FETH) with $113 million. Despite $106.7 million in net inflows and over $10 billion in assets under management, Grayscale experienced $484.1 million in outflows.

Bloomberg Intelligence’s James Seyffart deemed the ETF launch a "smashing success" compared to typical ETF debuts. Meanwhile, spot Bitcoin ETFs faced $77.97 million in outflows, signaling a potential shift towards Ethereum ETFs, as noted by Stratos' Rennick Palley.

EXCLUSIVE WAIVLY+ STORY

^_WAIVLY+
Members-Only Story of The Day

As a Waivly+ member, you can enjoy today’s exclusive story as well as a huge lineup of other exciting perks including:

• Members-only Web3, AI, and tech content, insights, and news

• A bonus weekly newsletter to recap on everything in the week

• Private Discord channels, first-looks on new projects, and more

Not a member yet? Join Waivly+ now by clicking here 🎊 Enjoy a 50% saving on your membership by joining today!

THE WAVES

^{_{OTHER NEWS}}
More Stories Surfing The Web

🔍 Microsoft debuts AI-powered summaries in Bing

🚫 Reddit is now blocking major search engines and AI bots

📉 OpenAI could lose $5B this year and run out of cash in 12 month

📱 iPhone 17 Slim will reportedly have a single rear camera

‎‎‏‎ ‎‎

Discover more Waves in the Waivly Community. Click here to get onboard and join the community! 🌊

SAIL INTO A NEW CAREER

^{_{NEW JOB OPPORTUNITIES}}
Waivly Work Highlights

👩‍💻 Lead Generation Manager at iLogos Game Studios

👩‍💻 Senior Python Developer for CLOS at CloudLinux

👩‍💻 Senior React Native Developer at Talentuch

👩‍💻 Director Of AI Quality at Invisible

BACK TO THE SHORE

^{_{THANKS FOR READING}}
That wraps up today’s newsletter

We hope you enjoyed today’s newsletter 🙌 Let us know what you thought of it by sharing your opinion on the poll below. Want to share feedback or suggestions? Respond to this email‏ - We read every reply! Make sure to follow us on X, TikTok, YouTube, Instagram, and LinkedIn for even more content throughout the day - We’re @Waivly everywhere!‎‎

*Waivly+ is the premium Waivly membership. Join at anytime by clicking “Subscribe” and cancel anytime by heading to your account on Waivly.

*Want to advertise with Waivly? Click here to see our Advertisement packages.