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November 3, 2023, 2:35 AM
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Top News

Jacquelyn Melinek / TechCrunch:
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024  —  Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …
Elizabeth Lopatto / The Verge:
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse
Apple:
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $22.9B, Americas sales up 0.8% to $40.1B, Europe sales down 1.5% to $22.5B  —  iPhone revenue sets September quarter record Services revenue reaches new all-time high  —  Apple® today announced financial results …
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 3% YoY to $43.81B, Mac down 34% to $7.61B, iPad down 10% to $6.44B, and Wearables, Home, and Accessories down 3% to $9.32B  —  - Apple reported fourth-fiscal quarter earnings on Thursday that beat analyst expectations for sales and earnings per share …
Mark Gurman / Bloomberg:
Apple expects its revenue in the holiday quarter, normally the company's biggest sales period, to stay the same as last year; Wall Street projected ~5% growth
Nikkei Asia:
Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific
Abner Li / 9to5Google:
Google's Chrome team stops considering a Web Integrity API proposal that aimed to help enforce IP rights, count ad views, and limit bots, after DRM comparisons  —  Back in July, Google's work on a Web Integrity API emerged and many equated it to DRM.  While prototyped, it was only at the proposal stage …
Tom Warren / The Verge:
Microsoft announces the Secure Future Initiative, which includes responding faster to vulnerabilities and using AI and automation to improve software security  —  Microsoft has had a rough few years of cybersecurity incidents.  It found itself at the center of the SolarWinds attack nearly three years ago …
Reuters:
Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable  —  SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven.
Bloomberg:
Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est.  —  Revenue increased 14% to $674 million, compared with a forecast of $654.7 million by analysts surveyed by Bloomberg.
Chris Welch / The Verge:
Paul McCartney and Ringo Starr release Now and Then, the first “new” Beatles song since 1995, created using AI and an old lo-fi John Lennon recording  —  Today marks the release of the first “new” song by the Beatles since 1995.  “Now and Then” is available on streaming services …
Tom Warren / The Verge:
Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most staff in Jan. 2024; Phil Spencer said he was unaware and is looking into it  —  Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren't happy about it.
Bloomberg:
The FTC says Jeff Bezos ordered Amazon executives to accept more junk ads to boost profits; Amazon used disappearing Signal chats from June 2019 to early 2022  —  - FTC releases less redacted antitrust complaint against Amazon  — Amazon counters that the FTC is ‘wrong on facts and the law’
Devin Coldewey / TechCrunch:
The FTC's lawsuit reveals that Amazon made $1.4B via Project Nessie, an algorithmic scheme that raised product prices and held them there if rivals followed
Jeff Horwitz / Wall Street Journal:
Ex-Instagram consultant Arturo Bejar, set to testify in Congress on Nov. 7, says Meta didn't sufficiently act on its Well-Being Team's findings to protect teens  —  When a Meta security expert told Mark Zuckerberg that Instagram's approach to protecting teens wasn't working, the CEO didn't reply.
Financial Times:
Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release  —  OpenAI, Google DeepMind and Meta among those who signed legally non-binding document at UK's AI safety summit
Adamya Sharma / Android Authority:
US v. Google: Apple's Eddy Cue sent Tim Cook a presentation in 2013 that declared “Android is a massive tracking device” and detailed Google's privacy practices  —  - Apple's internal presentation from 2013 is part of new exhibits posted by the Department of Justice in the ongoing Google antitrust trial.

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This is a Techmeme archive page. It shows how the site appeared at 2:35 AM ET, November 3, 2023.

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From Mediagazer

Takashi Mochizuki / Bloomberg:
Sony buying Kadokawa would help reduce its reliance on outside publishers for anime IP and build out its own portfolio to support PlayStation and other products

Sam Tobin / Reuters:
Prince Harry's phone-hacking lawsuit against News Group Newspaper will go to trial in January 2026, with the parties' legal costs set to exceed £38M

Jeremy Barr / Washington Post:
CNN confirms Kaitlan Collins as its chief White House correspondent; she will become CNN's first prime-time anchor to also serve as its top White House reporter

More News

Emily Bary / MarketWatch:
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 15%+
Joseph Cox / 404 Media:
A look at Fusus, which links a town's security cameras into one central hub and analyzes the feeds using AI, as its system is deployed across 2,400 US locations
Ivan Mehta / TechCrunch:
Brave releases its AI assistant Leo to all desktop users and unveils Leo Premium, offering access to faster and better LLMs and higher rate limits for $15/month
Les Pounder / Tom's Hardware:
Arm acquires a minority stake in Raspberry Pi, extending the two companies' partnership that began in 2008 and has resulted in ARM CPUs in all Raspberry Pi SoCs

Earlier Picks

Jay Goldberg / Digits to Dollars:
Apple's M3 series shows a return to core messaging themes around user human usability; producing three M3 chips likely has to be close to $1B in tape-out costs
Niket Nishant / Reuters:
PayPal discloses that the company received an SEC subpoena tied to its US dollar stablecoin, launched in August 2023
Lauren Feiner / CNBC:
New York AG Letitia James says Uber and Lyft agreed to pay a combined $328M to settle allegations they withheld wages from drivers and did not provide sick pay
Reuters:
Boeing investigates a cyber incident that impacted its parts and distribution business, days after LockBit announced stealing “a tremendous amount” of its data
Joe Duball / IAPP:
The EDPB instructs the Irish DPC to ban Meta's use of Facebook and Instagram users' personal data for behavioral ads in EU and EEA countries within two weeks
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