Techmeme
October 29, 2020, 11:25 PM

Top News

Apple:
Apple reports Q4 revenue of $64.7B, up from $64.0B YoY, of which $50.1B came from products, $14.5B from services, and net income of $12.7B; stock down 3%+  —  Company revenue sets September quarter record Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Wesley Hilliard / AppleInsider:
Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter  —  Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter, according to Apple's CFO Luca Maestri.
Julia Alexander / The Verge:
Netflix increases pricing for standard plan by $1 to $14/month and premium tier by $2 to $18/month; basic plan will remain $9/month  —  The basic plan will remain $9 a month  —  Netflix is introducing price hikes for its US subscribers today, increasing its standard plan to $14 a month and its premium tier to $18 a month.
Alphabet:
Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+  —  MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.
Facebook:
Facebook Q3: $21.47B revenue, up 22% YoY, net income $7.85B, up 29% YoY, as DAUs rise 12% YoY to 1.82B, MAUs rise 12% YoY to 2.74B  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2020.  —  “We had a strong quarter as people and businesses continue …
Ted Johnson / Deadline:
Facebook Q3: ad revenue was $21.2B, up 22% YoY from $17.4B despite July's ad boycott; Facebook expects higher ad growth in Q4 from holiday season  —  UPDATE, 4:15 PM PT: Facebook CEO Mark Zuckerberg gave a glimpse of what changes he envisions for Section 230, the law that gives tech platforms legal immunity …
Amazon.com, Inc.:
Amazon reports Q3 revenue of $96.15B, net sales increase of 37% YoY, net income of $6.3B, up from $2.1B YoY, and AWS net sales of $11.6B, up 29% YoY  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.
Elena Schneider / Politico:
Biden campaign says Facebook blocked thousands of its ads approved prior to Facebook's ban; Facebook blames advertisers' misunderstanding and a technical glitch  —  Biden's campaign said ads that had previously been approved by the tech giant have been erroneously removed.
Larry Dignan / ZDNet:
Shopify Q3: revenue of $767.4M, up 96% YoY, vs $658M est., gross merchandise volume of $30.9B, up 109% YoY, ended Q3 with $6.12B in cash and equivalents  —  The company, which has been among the winners during the COVID-19 pandemic, reported third quarter revenue of $767.4 million, up 96% from a year ago,
Salvador Rodriguez / CNBC:
Instagram says it will temporarily remove the “Recent” tab from hashtag pages to reduce the spread of misinformation leading up to the US election  —  - Instagram announced it will temporarily remove the recent tab from hashtag pages to reduce the spread of misinformation in the lead up to the U.S. election.
Anne Steele / Wall Street Journal:
Spotify had total Q3 revenue of €1.97B, up 14% YoY, ARPU of €4.19, down 10% YoY, with 320M MAUs, up 29% YoY, and 144M paying subscribers, up 27% YoY  —  Listening time, revenue increased as use in cars and homes grew  —  Spotify Technology SA moved past a slump that hit early in the pandemic …
Kyle Wiggers / VentureBeat:
Arable, which makes connected devices for agricultural insights and predictions for farmers, raises $20M Series B led by Prelude Ventures  —  Arable, a startup developing connected devices for agricultural businesses, today closed a $20 million funding round.
Michael del Castillo / Forbes:
Leaked 2018 doc shows Binance conceived of an elaborate corporate structure designed to intentionally deceive regulators and profit from US crypto investors  —  Binance Holdings Limited, the world's largest cryptocurrency exchange conceived of an elaborate corporate structure designed …

Sponsor Posts

Airtable:
Meet Airtable ProductCentral  —  The unified solution for managing your entire product development process in the AI era.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Zoho Forms for successful Black Friday sales  —  Black Friday is a retail frenzy that can significantly impact your bottom line.  To make the most of this shopping bonanza, you need a strategy that not only attracts customers …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Mon. 11/04 - Apple Buying And Investing In Things
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:25 PM ET, October 29, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Lauren Feiner / CNBC:
New York Times:
Scott Bauer / Associated Press:

Earlier Picks

Christopher Bing / Reuters: