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October 30, 2024, 10:25 PM
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| 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 …
More: GeekWire, Ars Technica, Social Media Today, Microsoft, CNBC, Thurrott, Windows Central, Axios, Neowin, Semafor, Investor's Business Daily, Fortune, GeekWire, Forbes, and New York Times
| Jordan Novet / CNBC: |
| Meta Investor Relations: |
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
More: PYMNTS.com, SiliconANGLE, The Times, Australian Financial Review, Android Central, New York Times, Associated Press, Fortune, Deadline, MarketWatch, Shacknews, Financial Times, Reuters, Forbes, and TheDomains.com
Threads: @alexheath, @katieharbath, @rpn, @lanceulanoff, and @laurengoode
| 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 — Threads has surged to reach “almost 275 million” people, Mark Zuckerberg said. — Last month at Meta Connect, Mark Zuckerberg said that Meta AI was …
More: Moneycontrol, The Verge, Social Media Today, and Quartz
| Sarah E. Needleman / Wall Street Journal: |
| Antonio G. Di Benedetto / The Verge: |
Apple's new MacBook Pro features M4 Pro/Max with 24GB+ RAM, Thunderbolt 5 for $1,999+ (14") and $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 …
More: Apple, Apple on YouTube, Apple on YouTube, Apple on YouTube, MacRumors, AppleInsider, CNET, ZDNET, MacRumors, Six Colors, CNBC, MacRumors, KnowTechie, MacRumors, 9to5Mac, Yanko Design, TechEBlog, WinBuzzer, Bloomberg, Lifewire, MacStories, BGR, TechSpot, ExtremeTech, TechRadar, PCMag, BetaNews, MakeUseOf, Gizmodo, Cult of Mac, Yahoo Finance, Thurrott, Creative Bloq, RTÉ, Cybernews.com, The Indian Express, Stuff, and Hindustan Times
Threads: @tookthescenicroute. Mastodon: @davemark@mastodon.social. X: @maxwinebach, @brandonbutch, @tailosivetech, @tailosivetech, @rsgnl, @sdw, @migueldeicaza, @markgurman, @connorjewiss, @connorjewiss, @tim_cook, @dylanmcd8, @maxwinebach, @vadimyuryev, @ijustine, @elonmusk, @jsnell, @lukemiani, @maxwinebach, @vadimyuryev, @superscientific, @ranvir2612, @heychazza, and @aaronp613
Forums: r/macbook, r/apple, r/applesucks, r/blender, and MacRumors Forums
| Hartley Charlton / MacRumors: |
Apple unveils the M4 Max: up to a 16-core CPU for up to 2.2x speeds over the M1 Max, up to a 40-core GPU, up to 128GB of memory, Thunderbolt 5 support, and more — Apple today announced the M4 Max chip alongside new MacBook Pro models—its most advanced and powerful Apple silicon chip to date.
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X: @awnihannun, @highyieldyt, @aapltree, @vadimyuryev, @rsgnl, @dylanmcd8, and @benbajarin
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| Devindra Hardawar / Engadget: |
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X: @vadimyuryev, @sondesix, @ana_thedataguru, @luciascarlet, @jonyiveparody, @tomwarren, @mkbhd, @markgurman, @joannastern, and @lukemiani
Forums: r/technology and Slashdot
| 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.”| Rohan Goswami / CNBC: |
Super Micro's stock drops 30%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence — Super Micro's shares plunged 33% on Wednesday after the company disclosed its auditor had resigned following months …
More: Barron's Online, The Register, Investor's Business Daily, Bloomberg, The Information, Motley Fool, Tech Monitor, Associated Press, Tom's Hardware, TheStreet, Financial Times, Wall Street Journal, Reuters, and Financial Times
X: @natehindenburg, @garyhaubold, @nkulw, @brodyford_, @deanm0riarty, @matthewstoller, @morningbrew, @followtheh, @jyarow, @barbariancap, @danielnewmanuv, @dylan522p, and @rivertamydn. LinkedIn: Patrick Moorhead
Forums: r/hardware, r/wallstreetbets, r/Big4, and r/Accounting
| Andrew Webster / The Verge: |
Nintendo announces Nintendo Music, an app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles, available on Android and iOS — This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning … | 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 — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
More: Coinbase, The Information, Decrypt, The Block, Punch Newspapers, Quartz, Cointelegraph, MarketWatch, CoinDesk, Bloomberg, Reuters, and Motley Fool
| New York Times: |
Kraken lays off workers and names Arjun Sethi as co-CEO; sources say the cuts amount to 15% of its workforce, or ~400 employees, including the COO and the CTO — The influential cryptocurrency exchange has undergone several reorganizations in recent years.
More: Kraken Blog, Kraken, The Information, crypto.news, Decrypt, Blockworks, Bloomberg, and Cointelegraph
X: @mikeisaac, @runnerxbt, @mikeisaac, and @wublockchain
| 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.
More: Decrypt, Reuters, NBC News, DL News, The Boston Globe, Al Jazeera, Blockworks, Cointelegraph, Axios, Financial Times, CryptoSlate, Bitcoin Insider, and CoinDesk
| 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%+ after hours — Roku (ROKU) stock fell more than 10% in after-hours trading on Wednesday after the company's Q4 guidance disappointed …
More: Streaming Better, Benzinga, Barron's Online, Cord Cutters News, Deadline, Media Play News, Motley Fool, Variety, and Roku
| Washington Post: |
Sources: in August, Andy Jassy called Donald Trump to outline Amazon's plans, and Trump said Amazon should cut him a large check for his presidential efforts — Executives at companies founded by the billionaire Post owner have sought contact with Trump. He argues he didn't end presidential endorsements out of self-interest.
More: 404 Media, Columbia Journalism Review, and Semafor
X: @drewharwell, @sarahkaplan48, @quinnypig, @jdawsey1, @modestproposal1, and @eilperin. LinkedIn: Josh Dawsey
| 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 — WASHINGTON, Oct 29 (Reuters) - (This Oct. 29 story has been corrected to reflect quotes from the CISA spokesperson in paragraph 6)| Ananya Mariam Rajesh / Reuters: |
DoorDash reports Q3 revenue up 25% YoY to $2.71B, vs. $2.66B est., total orders up 18% YoY to 643M, and forecasts Q4 adjusted EBITDA above estimates — DoorDash (DASH.O) forecast fourth-quarter core profit above estimates on Wednesday, as the online delivery firm bets on more consumers using … | Arasu Kannagi Basil / Reuters: |
Robinhood reports Q3 revenue up 36% YoY to $637M, vs. $657.9M est., and crypto transaction revenue up 165% to $61M; HOOD drops 8%+ after hours — Brokerage Robinhood (HOOD.O) reported a third-quarter profit on Wednesday, driven by robust equities and crypto trading volumes.
More: Investing.com, Robinhood, Cointelegraph, SiliconANGLE, and CoinGape
| Juby Babu / Reuters: |
eBay reports Q3 revenue up 3% YoY to $2.58B, GMV up 2% to $18.3B, net income down 51% to $636M, and forecasts Q4 revenue below est.; EBAY drops 9%+ after hours — Ecommerce firm eBay (EBAY.O) forecast fourth-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand …
More: Bloomberg, Investor's Business Daily, CNBC, eBay, and Motley Fool
| Bloomberg: |
Siemens agrees to buy engineering software company Altair for ~$10B including debt, a 19% premium on Altair's October 21 closing price; deal to close in H2 2025 — - Transaction provides 19% premium to Altair shareholders — Acquisition of US-based Altair is largest ever by Siemens
More: Pulse 2.0, Siemens Digital …, Financial Times, Crain's Detroit Business, Wall Street Journal, and Reuters. Forums: Slashdot
| Paige Smith / Bloomberg: |
Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card — - Access to crypto used to be challenging but is becoming easier … Coinbase already has millions of connections … | New York Times: |
Sources detail how TikTok struck a deal with GoTo to buy a ~75% stake in Tokopedia for $840M, letting TikTok restart TikTok Shop in Indonesia in December 2023 — Agata Pinastika Kenastuti's children's clothing shop in Jakarta, Indonesia, was full of inventory when TikTok Shop shut.Sponsor Posts
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Zoho:
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Hamming:
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