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November 8, 2024, 4:05 AM
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| MacKenzie Sigalos / CNBC: |
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours — WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
More: Block, MarketWatch, crypto.news, Investor's Business Daily, Blockhead, The Crypto Times, SiliconANGLE, Bloomberg, Benzinga, and Cointelegraph. Threads: @kalihays1
| Aoyon Ashraf / CoinDesk: |
Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on bitcoin mining and its crypto wallet — The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.
More: Fortune, Coinpedia Fintech News, TechCrunch, Decrypt, Cryptonews, and CoinGape. X: @kantrowitz
| Sarah Perez / TechCrunch: |
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …
More: TikTok, Spotify, Neowin, PhoneArena, Engadget, Digital Music News, Billboard, Android Headlines, Social Media Today, Pocket-lint, How-To Geek, The Verge, Music Business Worldwide, and Music Week. Threads: @chris
| Devindra Hardawar / Engadget: |
Mac mini (2024) review: incredibly fast with the M4 Pro, well-equipped for creative work, and smaller design takes less space, but spec upgrades are overpriced — It's a tiny mighty Mac. — “That's a computer?!” My daughter just couldn't believe her eyes when I pulled the new Mac mini out of its box.
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X: @basicappleguy, @maxwinebach, @tomwarren, @mkbhd, and @tomwarren
Forums: r/apple, r/mkbhd, and MacRumors Forums
| Devindra Hardawar / Engadget: |
More: PetaPixel, MacRumors, TechCrunch, T3, Tom's Guide, TechRadar, The Tech Chap on YouTube, PCMag, Matthew Moniz on YouTube, Mashable, Cult of Mac, Tom's Hardware, Wccftech, AppleInsider, Stuff, Laptop Mag, and Wired
X: @benbajarin, @mattmoniz, and @caro_milanesi
| Antonio G. Di Benedetto / The Verge: |
More: MacRumors, Six Colors, CNN, iJustine on YouTube, Gizmodo, Fstoppers, National Post, The Independent, ZDNET, AppleInsider, 9to5Mac, PCMag, Pixel Envy, ZDNET, iPhone in Canada Blog, Fast Company, iClarified, Tom's Hardware, CNET, Tom's Guide, MobileSyrup, Pocket-lint, MacDailyNews, 9News, Gizmodo, GB News, and Laptop Mag
Mastodon: @stroughtonsmith … and @jsnell@zeppelin.flights
| Alex Wawro / Tom's Guide: |
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X: @stevesi, @techcrunch, and @ijustine
| Ashley Capoot / CNBC: |
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours — Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat.
More: MarketWatch, Skift, Business Insider, Airbnb, and Investor's Business Daily
| Bloomberg: |
Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI model Ernie next week, launching as soon as early 2025 for under $299 — China's search leader and longtime investor in artificial intelligence plans to showcase the product at its annual Baidu World event … | Anissa Gardizy / The Information: |
Source: Amazon is discussing a second multibillion-dollar investment in Anthropic, but wants Anthropic to use a large number of servers powered by Amazon chips — Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.| Sebastian Sinclair / Decrypt: |
Detroit plans to accept crypto for tax and fee payments starting mid-2025 through a PayPal-managed platform, becoming the largest US city to do so — Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.| Ari Levy / CNBC: |
AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD — AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …
More: AppLovin, Benzinga, Proactive, Motley Fool, Forbes, and Investor's Business Daily. X: @anshublog
| Thomas Brewster / Forbes: |
iVerify founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign — The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.| Jonathan Vanian / CNBC: |
Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours — Pinterest shares plunged 15% Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite … | Blake Brittain / Reuters: |
A US judge dismisses a copyright lawsuit by Raw Story and AlterNet against OpenAI over AI training, for now, saying the outlets couldn't show enough harm — A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles … | Kyle Wiggers / TechCrunch: |
Yelp agrees to buy RepairPal, a site for car repair estimates, for $80M in cash, with the deal expected to close by the end of 2024; RepairPal had raised $21.3M — Yelp, which made a name for itself giving restaurant recs, just bought an auto services website.| Bloomberg: |
An interview with Changpeng Zhao about his four months of incarceration, investing in X, forced separation from Binance, plans for the future, and more — - Changpeng Zhao speaks in first post-prison press interview — Exchange founder's fortune jumps $12 billion after US election| Reuters: |
Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal chief, as SEC chair replacing Gary Gensler — Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank regulators and corporate attorneys …
More: South China Morning Post, CoinGape, Coinpedia Fintech News, Watcher Guru, CryptoSlate, Decrypt, and Cointelegraph
X: @pledditor, @tier10k, @erikvoorhees, and @autismcapital
| Kurt Wagner / Bloomberg: |
Donald Trump's win flips the idea that Elon Musk overpaid for X on its head, after Musk turned his feed into a Trump-inspired billboard for his 200M+ followers — The day before Donald Trump's decisive election victory, Joe Rogan published a podcast interview during which he suggested … | New York Times: |
More: Politico, NPR, Tech in Asia, Australian Financial Review, The Information, Fortune, Forbes, The Hill, CBT News, Reuters, and New York Times
X: @ericnewcomer, @cwellmon, @tszzl, @teddyschleifer, and @shanegoldmacher
Forums: r/EnoughMuskSpam, r/politics, and r/MarchAgainstNazis
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