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October 17, 2024, 9:30 PM
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Top News

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.
Todd Spangler / Variety:
Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024
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 …
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.
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.”
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”.
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.
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 …
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 …
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 …
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 …
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
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 …
Will Shanklin / Engadget:
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”  —  With the number of Americans 65 and older expected to balloon by nearly 50 percent by 2050, the rules will ensure those with hearing loss …
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 …

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This is a Techmeme archive page. It shows how the site appeared at 9:30 PM ET, October 17, 2024.

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.

From Mediagazer

Mark Sweney / The Guardian:
Sunday Express Editor David Wooding becomes the latest top Reach executive to leave, as the Express moves to create a seven-day operation amid Reach layoffs

Max Tani / Semafor:
Q&A with Emily Sundberg, whose Feed Me newsletter on business and culture has over 50K subscribers and ranks sixth on Substack's paid leaderboard

Samantha Cole / 404 Media:
HarperCollins confirms it has an agreement with an AI company to train AI models on some nonfiction books, giving authors the choice to opt in

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
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
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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