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October 31, 2024, 7:42 AM
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Top News

Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% YoY to $15.69B, and family daily active people up 5% YoY to 3.29B on average for September 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Karissa Bell / Engadget:
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs in less than a year  —  Threads has surged to reach “almost 275 million” people, Mark Zuckerberg said.  —  Last month at Meta Connect …
Wired:
Zuckerberg says Meta is training Llama 4 models on a cluster of 100K+ H100 chips, “or bigger than anything that I've seen reported for what others are doing”
Sarah E. Needleman / Wall Street Journal:
Mark Zuckerberg says the company's AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram
Microsoft:
Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B  —  Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …
Ina Fried / Axios:
Microsoft says its AI business is on track to surpass a $10B annual revenue run rate in Q2, its fastest product category ever to reach that milestone
Jordan Novet / CNBC:
Microsoft reports Q1 Intelligent Cloud revenue up 20% YoY to $24.09B, vs. $24.04B est., including Azure and other cloud services up 33% YoY
Financial Times:
China sanctions Skydio, the US' largest drone maker and a supplier to Ukraine's military; sources say Skydio is rushing to find new suppliers for critical parts  —  Skydio, the US's largest drone maker and a supplier to Ukraine's military, faces a supply chain crisis after Beijing imposed sanctions …
Andrew Webster / The Verge:
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles  —  This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning the last few decades …
Antonio G. Di Benedetto / The Verge:
Apple's new MacBook Pro has M4 Pro or Max with 24GB+ RAM and Thunderbolt 5 for $1,999+ (14") or $2,499+ (16"), or M4 with 16GB+ RAM for $1,599+, shipping Nov. 8  —  Apple is updating the MacBook Pro and introducing some even more powerful chips.  Announced this morning via a low-key press release …
New York Times:
Kraken lays off workers and names Arjun Sethi as co-CEO; sources say the cuts are to 15% of its workforce, or ~400 employees, and include its COO and CTO  —  The influential cryptocurrency exchange has undergone several reorganizations in recent years.  —  Kraken, one of the world's largest …
Tanaya Macheel / CNBC:
Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback  —  Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.
John O'Nolan:
John O'Nolan, CEO of open-source CMS Ghost, outlines the organization's governance structure and says the platform generates around $7.5M in annual revenue  —  Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
Kyle Wiggers / TechCrunch:
Dropbox is laying off 528 employees, or 20% of its workforce, in what CEO Drew Houston says is a “transitional period”; filing: the layoffs cost $63M to $68M  —  Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a “transitional period.”
Cristiano Lima-Strong / Washington Post:
US court docs: in 2022, Apple privately warned TikTok that it had more mature content than was suitable for under-17s and to change its App Store age rating  —  The communications between the tech giants were inadvertently made public in a complaint filed by South Carolina.
Charlie Warzel / The Atlantic:
A look at X's Election Integrity Community, a feed to “share potential incidents of voter fraud” that has 50K+ members, launched by Elon Musk's America PAC  —  Elon Musk has turned X into a political weapon.  —  Elon Musk didn't just get a social network—he got a political weapon.
Kwanwoo Jun / Wall Street Journal:
Samsung reports Q3 revenue up 17% YoY to ~$57.4B, net profit up 73% to ~$7.3B, operating profit of ~$6.7B, and chip unit operating profit down 40% QoQ to ~$2.8B  —  Net profit for the July-September period up 73% from a year earlier  —  Samsung Electronics reported better-than-expected net profit …
New York Times:
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors  —  Mr. Singh, who was a top executive in Sam Bankman-Fried's business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.
Ryan Gallagher / Bloomberg:
A profile of Pepijn van der Stap, a Dutch prodigy who hacked thousands of companies' data while also doing legitimate cybersecurity work and is now in prison  —  Pepijn Van der Stap stayed up through the night of Jan. 22, 2023, repairing one of his computers in silence save for the whirring of its fan.
Bloomberg:
Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield  —  - The firm's phone shipments grew 42% in the past quarter  — China has asked local firms to use AI chips from Huawei
Washington Post:
CCDH: of 283 X posts in 2024 with false election claims that Community Notes members had responded to, only 20 had notes with enough votes to be publicly shown  —  X's crowdsourced fact-checking program has been hailed as a bold idea for social media.  Research shows it's failing at a critical moment.
Jason Schreier / Bloomberg:
Many long-time game workers are ditching large productions in favor of smaller teams, enabled by growing accessibility of Unreal Engine and other powerful tools  —  Thanks in part to the growing accessibility of powerful game-making tools, pared-down studios are proliferating

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From Mediagazer

Dominick Mastrangelo / The Hill:
The AP says its journalists were barred from an Oval Office event featuring Trump and El Salvador President Nayib Bukele in defiance of a court injunction

New York Times:
Sources: the White House plans to ask Congress to rescind $1.1B in federal funding for the Corporation for Public Broadcasting, which funds NPR, PBS, and others

Ted Johnson / Deadline:
After CBS aired two 60 Minutes segments, Trump calls on CBS to lose its license and asks FCC Chairman Brendan Carr to “impose the maximum fines and punishment”

More News

Earlier Picks

Alexandra Canal / Yahoo Finance:
Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+
Jasper Ward / Reuters:
Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election
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