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October 17, 2024, 7:25 PM
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Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist  —  Prabhakar Raghavan, the most senior Google executive overseeing its search engine and ads products, is leaving the role after a four-year tenure leading …
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B  —  LOS ANGELES — Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $5.40.  That may not compare with the $5.12 expected by LSEG.
Samantha Cole / 404 Media:
Sources: Matt Mullenweg offered another buyout offer to Automattic staff; Mullenweg appears to have redirected staff's Blind sign-up emails to himself  —  After an exodus of employees at Automattic who disagreed with CEO Matt Mullenweg's recently divisive legal battle with WP Engine …
Ina Fried / Axios:
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more  —  - It also is updating its mobile app to support “mini apps” from various third parties.  —  World said the new version …
Sarah Wynn / The Block:
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs  —  - Eric Council Jr., 25, was charged with “conspiracy to commit aggravated identity theft and access device fraud.”
Emma Roth / The Verge:
On a podcast, Donald Trump says Tim Cook called him “hours ago” to complain about EU fines and that Cook said the EU uses fines “to run their enterprise”  —  Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars that Apple has been fined in the European Union.
Bloomberg:
Sources: the EU warns X that it may calculate fines against X by including Elon Musk's other companies' revenue; the DSA can fine 6% of global annual revenue  —  - Commission may base fine on revenue from Musk's ventures  — Investigators haven't come to a conclusion about fining X
Rich Woods / XDA Developers:
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”  —  - Qualcomm canceled the Snapdragon Dev Kit & will offer refunds, as the product failed to meet its “standards of excellence”.
Financial Times:
Sources: last week, Meta fired ~24 staff in LA for using $25 meal credits to buy household items, as it restructures WhatsApp, Instagram, and Reality Labs teams  —  The terminations took place last week, just days before the $1.5tn social media company separately began restructuring certain …
Kali Hays / Fortune:
Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits
More: Social Media Today.  Threads: @kalihays1 and @mac_ryan_
X: @realneilraina and @lexnfx.  Forums: Blind
Sarah Perez / TechCrunch:
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions  —  On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features …
Kif Leswing / CNBC:
Unity launches the Unity 6 game engine, emphasizing stability, predictable updates, and support for hundreds of players in the same virtual world simultaneously  —  Five months into his tenure as CEO of Unity Software, Matt Bromberg is overseeing his first big product launch as he tries …
Forbes:
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M  —  The acquisition, potentially Stripe's largest to date, would come as the $70 billion fintech high-flyer makes a bigger push into stablecoin payments.
Jagmeet Singh / TechCrunch:
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool  —  Google Thursday updated the audio summarization feature of its AI note-taking and research assistant NotebookLM, which recently gained …
Washington Post:
Instagram rolls out new settings to fight sextortion, like hiding teens' follower lists from potential blackmailers; Meta says the crime is becoming more common  —  Scammers are targeting teens by getting hold of their intimate photos.  —  Instagram says it's rolling out a suite of new settings …
Ingrid Lunden / TechCrunch:
Enterprise data security startup Cyera buys data loss startup Trail Security for $162M in cash and stock; sources: Cyera is raising $200M+ at a ~$3B valuation  —  Cyera, the Israel-founded, U.S.-based cybersecurity unicorn that uses artificial intelligence to build what's known …
Jane Lanhee Lee / Bloomberg:
TSMC reports Q3 revenue up 39% YoY to ~$23.6B and net income up 54.2% YoY to ~$10.1B, both above estimates, boosted by strong sales of Nvidia AI chips  —  - The chipmaker boosts its target for 2024 revenue growth  — Net income soared 54% in better-than-expected results

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From Mediagazer

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

More News

Earlier Picks

Kevin Purdy / Ars Technica:
Winamp owner Llama Group deletes the GitHub repository of the legacy player's source code posted on September 24, following criticism on the way it was released
Google Online Security Blog:
Google projects the number of reported Android memory safety flaws to be 36 by the end of 2024, down from 220+ in 2019, after adopting memory safety in new code
Jessie Yeung / CNN:
Hong Kong police arrested 24+ members of an alleged pig butchering crime ring, which they say used deepfake AI to lure its victims across Asia and raked in $46M
Ryan Browne / CNBC:
Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups
The Verge:
Filing: Google asks the US 9th Circuit for an emergency stay on the Epic ruling, saying the short time it was given to make Play Store changes risks user safety
Sarah Perez / TechCrunch:
Apple expands Apple Business Connect to let businesses, including those without a physical location, manage their presence in Mail, Phone, and Tap to Pay
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