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October 24, 2019, 9:00 PM
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| Ingrid Lunden / TechCrunch: |
Twitter misses Q3 estimates with revenue of $823.7M, up 9% YoY vs. $874M expected; 145M monetizable DAUs, up 17% YoY; stock closes down 20%+ — Twitter today reported its earnings for the quarter that ended September 30, and the numbers delivered a big surprise, falling on both sales and earnings per share.
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CNBC, VentureBeat, Reuters, The Verge, The Guardian, VentureBeat, Bloomberg, Mashable, Yahoo Finance, ZDNet, Silicon Valley Business …, Reuters, Fortune, Bloomberg, New York Post, Market Realist, AdExchanger, TechSpot, Engadget, Business Insider, Financial Times, ZDNet, Wall Street Journal, CNET, and Axios
Tweets: @stevekovach, @twitterir, @timobrien, @twitterir, @reuters, @gcluley, @tomgara, @twitterir, @stevekovach, @craigsilverman, @twitterir, @twitterir, @shiraovide, and @carnage4life
| Megan Graham / CNBC: |
Twitter says some users will start seeing more ads after it changed its historical approach of showing fewer ads to users with high follower counts — - Twitter's third-quarter earnings were marred by issues in a product that advertisers use to market mobile apps.
More:
OneZero, The Verge, Los Angeles Times, and ZDNet
Tweets: @alexeheath, @ejacqui, @gigastacey, @darth, @willoremus, @chillmage, @kimzetter, @kadhimshubber, @willoremus, and @byrdinator
| Amazon: |
Amazon Q3: $70B revenue, up 24% YoY, net income of $2.1B, down from $2.9B in Q3 2018, AWS revenue of $9B, up from $6.7B in Q3 2018; stock down 7%+ after hours — SEATTLE—(BUSINESS WIRE) October 24, 2019—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2019.
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CNBC, CNET, International Business Times, Quartz, MarketWatch, GeekWire, The Seattle Times, International Business Times, CNN, Associated Press, SiliconANGLE, ZDNet, Yahoo Finance, TechSpot, San Francisco Chronicle, Reuters, and Axios
Tweets: @jowens510, @neoavatara, @mattrosoff, @glennf, @alex_danco, @marketwatch, @marketwatch, @rogerwcheng, @_steve3_, @chris_ciaccia, @mattmday, and @cnbcnow
| Emil Protalinski / VentureBeat: |
Amazon reports Q3 “other” category revenue, which mostly covers its ad business, of $3.6B, up 44% YoY, and subscriptions services revenue of $5B, up 34% YoY — Amazon today reported earnings for its third fiscal quarter of 2019, including revenue of $70.0 billion … | Washington Post: |
Senate Minority Leader Chuck Schumer and Senator Tom Cotton ask US intelligence officials to determine whether TikTok poses “national security risks” — Two senior members of Congress, Senate Minority Leader Charles E. Schumer (D-N.Y.) and Sen. Tom Cotton (R-Ark.) …
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The Guardian, Financial Times, The Verge, The Hill, CNET, Reclaim The Net, Digital Trends, Business Insider, Engadget, and PYMNTS.com
Tweets: @senschumer, @sarahfrier, @karlbode, @drewharwell, @sarthakgh, @caseynewton, @moorehn, and @shiraovide
| Ryan Broderick / BuzzFeed News: |
TikTok says its content moderation policies are led by a US-based team and it will not remove content, including posts about Hong Kong, at the behest of China — Short-form video app TikTok can't shake an air of suspicion that surrounds it in the United States.
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TikTok, Gizmodo, The Verge, Quartz, Yahoo Finance, and The Hill
Tweets: @caseynewton, @terrygtnguyen, and @broderick
| Julia Alexander / The Verge: |
Michael “Shroud” Grzesiek, one of the gaming world's most watched streamers, announces a move to Microsoft's Mixer from Twitch, following Tyler “Ninja” Blevins — 'I'm making moves' — Michael “Shroud” Grzesiek is the latest Twitch megastar to abandon …
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Digital Trends, CNN, Gizmodo, Fortune, Daily Express, The Wrap, Forbes, Comic Book, TechSpot, Gameranx, Heavy.com, Shacknews, DualShockers, Eurogamer.net, Dot Esports, GameSpot, Variety, Hollywood Reporter, OnMSFT.com, The Esports Observer, IGN Southeast Asia twitch, Kotaku, VentureBeat, PC Gamer, Business Insider Australia, GamesIndustry.biz, Destructoid, Polygon, Adweek, Thurrott, Neowin, USgamer.net, Tom's Guide, Engadget, and Windows Central
Tweets: @shroud, @g2pengu, @daftlimmy, @m0e_tv, @tobiwandota, @witchytwitchytv, @ninja, @ninja, @tocelot, @samsheffer, and @loudmouthjulia
| Benjamin Mayo / 9to5Mac: |
Apple TV app launches on Amazon Fire TV devices starting with the Fire TV Stick 4K and HD models, with support for other devices and models coming soon — Apple today released the Apple TV app for Amazon TV devices, starting with the Amazon Fire TV Stick 4K and the older HD model.
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Amazon Fire TV Blog, The Verge, Android Police, TechCrunch, SlashGear, USA Today, MSPoweruser, Macworld, iDownloadBlog.com, Inquirer, Digital Trends, CNBC, GeekWire, MacRumors, AppleInsider, and CNET
Tweets: @mgsiegler, @bzamayo, @richdemuro, and @richdemuro
| Kif Leswing / CNBC: |
Gene Levoff, who was in charge of enforcing Apple's Insider Trading Policy, indicted for insider trading between 2011 and 2016; Levoff was fired in Sept. 2018 — - Gene Levoff, who was a senior director of corporate law, was aware of Apple financial results before they were public …
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Engadget, 9to5Mac, MacRumors, AppleInsider, iDownloadBlog.com, and Cult of Mac
Tweets: @caseynewton, @cubiclewarrior_, and @kifleswing
| Ben Schoon / 9to5Google: |
Verizon, AT&T, T-Mobile, and Sprint announce the Cross Carrier Messaging Initiative to bring RCS to Android phones in 2020 — Here's a shocker. All four major US carriers — Verizon, AT&T, Sprint, and T-Mobile — have just announced that they're joining forces to deliver RCS messaging in the US for Android smartphones in 2020.
More:
T-Mobile, The Verge, CNET, Engadget, Android Police, Android Authority, TmoNews, and Droid Life
Tweets: @hallstephenj, @agilethumbs, @oneangryitguy, and @bdsams
| Brendan Sinclair / GamesIndustry.biz: |
As Google opens its first gaming studio in Montreal, head of Stadia Jade Raymond discusses its strategy, including building several first-party studios — As Google unveils new Montreal development studio, Stadia Games & Entertainment boss Jade Raymond discusses the platform strategy
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The Keyword, The Verge, Engadget, VentureBeat, Android Headlines, Android Central, OnMSFT.com, Ars Technica, Neowin, Digital Trends, SlashGear, iPhone in Canada Blog, IGN, Android Police, Pocket-lint, and Android Authority
Tweets: @nibellion, @gibiz, @gibiz, and @zhugeex
| Ingrid Lunden / TechCrunch: |
Fair.com, a flexible car ownership marketplace valued at $1.2B that raised $500M from SoftBank and others, says it is laying off 40% of its staff — As the market continues to turn against the wave of highly valued, venture-backed startups operating with little end in sight to their huge losses … | Peter Kafka / Vox: |
Facebook to pay some news partners as much as $3M a year for appearing in its news tab, to be available as a test Friday for a couple hundred thousand US users — Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building …
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Digiday, MSPoweruser, The Next Web, CNET, and Coinspeaker
Tweets: @pkafka, @slpng_giants, @reckless, @jason_kint, @pkafka, and @b52malmet
| Shannon Liao / CNN: |
Caffeine, which aims to compete with Twitch, signs rapper Offset to live stream video games, after having raised $146M from 21st Century Fox and others — New York (CNN Business)In the world of live-streamed video games, there's Twitch and then there's everything else.| Paris Martineau / Wired: |
New report says the proliferation of right-wing content on YouTube is driven by both supply and demand rather than the platform's recommendation algorithm — In a new report, Penn State political scientists say that it's not the recommendation engine, but the communities that form around right-wing content.
More:
Business Insider. Tweets: @wired, @parismartineau, @parismartineau, @yxphdghvdgg, @annisch, @carnage4life, @egavactip, @timcast, and @primalpoly
| Jay Peters / The Verge: |
Square says it is rolling out free fractional share trading to users of its Cash App, allowing them to buy fractions of shares for as little as $1 — It puts Cash App in competition with Robinhood — Square announced today that you'll soon be able to invest in stocks using its Cash App … | Jordan Novet / CNBC: |
Intel beats with Q3 revenue of $19.19B, up 6% YoY, vs. $18.05B est., and Client Computing Group revenue of $9.7B, down 5% YoY; stock up 4%+ after hours — Intel stock jumped 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth.
More:
Intel Newsroom, SiliconANGLE, The Register, Intel, VentureBeat, Financial Times, and MarketWatch
Tweets: @gretalwall, @terri1618, @cnbcnow, and @markhachman
| Sarah Frier / Bloomberg: |
Jack Dorsey criticizes Mark Zuckerberg's free speech comments, says there wasn't any talk of reach and amplification and his Iraq War mention was not authentic — Twitter Inc. Chief Executive Officer Jack Dorsey called out his counterpart at Facebook Inc., saying Mark Zuckerberg has a … | Bloomberg: |
Sources: SoftBank is planning to take a writedown of at least $5B to reflect a plunge in the value of some of its biggest holdings, including WeWork and Uber — SoftBank is planning to take a writedown of at least $5 billion to reflect a plunge in the value of some of its biggest holdings …
Tweets: @feedkastcharles and @edbott
| Jay Peters / The Verge: |
AT&T says a weeks-long voicemail outage affecting some customers across the country is due to a software update, promises a patch but offers no timetable — It's telling a different story elsewhere — AT&T has been experiencing a weeks-long voicemail outage affecting some customers across the country.
More:
The Register, MacRumors, and Cult of Mac
Tweets: @heatherkelly, @kifleswing, @antaryaami, and @tmorman
| Geoff Weiss / Tubefilter: |
US-based Triller, a TikTok rival, raises $28M Series B led by Proxima, following an $11.5M Series A in 2018; company says it has 13M MAUs and 60M downloads — Triller, an AI-powered platform that enables creators to make music videos using licensed songs, has raised $28 million in Series B funding … | Kyle Wiggers / VentureBeat: |
Google to start publishing the number of government requests it receives for Google Cloud and G Suite enterprise data as part of its transparency report — Google says it's taking steps to ensure it remains transparent in the ways it handles sensitive data in the cloud …
More:
Google Cloud Blog, Yahoo Finance, and ZDNet
| Danny Nelson / CoinDesk: |
SEC, CFTC, and FDIC join the Global Financial Innovation Network, an international alliance led by UK's FCA to coordinate policies on cryptocurrencies, more — Four U.S. regulators joined the Global Financial Innovation Network, an international alliance of government regulators led …
More:
U.S. Securities …, The Drum, Music Business Worldwide, PR Newswire, and Cointelegraph. Tweets: @globaldigitalfi
| Jim Baker / Lawfare: |
Former FBI general counsel explains why US law enforcement needs to embrace encryption to protect the country against existential cybersecurity threats — I. Embrace Reality and Deal With It — From 2012 to 2014, I worked for Bridgewater Associates, a hedge fund located in Connecticut.
More:
CircleID, 9to5Mac, iMore, and The Mac Observer
Tweets: @caparsons, @lawfareblog, @qjurecic, @riana_crypto, @ch402, @teambuild3r, and @lawfareblog
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