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October 31, 2024, 6:20 AM
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Top News

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.
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 …
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”  —  The race for better generative AI is also a race for more computing power.  On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.
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  —  Meta META -0.25%decrease; red down pointing triangle Platforms on Wednesday reported record revenue despite slower digital advertising growth …
Jonathan Vanian / CNBC:
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost ~$58B since 2020
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
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 …
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
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 …
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  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
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 …
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.
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.
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

Rick Porter / The Hollywood Reporter:
Nielsen: the NFL's two Christmas Day games that streamed on Netflix averaged 24.2M US viewers, peaking at 27M for Beyoncé's Ravens-Texans halftime show

Benjamin Mullin / New York Times:
Richard Parsons, who had a long career as chairman, CEO, and as a board member of media companies including CBS and Time Warner, died at 76 of bone cancer

Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions

More News

Earlier Picks

Niket Nishant / Reuters:
Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024
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
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
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