Techmeme
November 18, 2021, 7:15 AM

Top News

Daniel Howley / Yahoo Finance:
Nvidia beats with record Q3 revenue of $7.1B vs. $6.82B estimated, up 50% YoY, Gaming revenue of $3.22B, up 42%, and Data Center revenue of $2.94B, up 55%  —  Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts' predictions on the top and bottom line as revenue jumped 50% year-over-year.
Manish Singh / TechCrunch:
Paytm falls ~20% in its trading debut in India, giving it a market valuation of $14.9B, after raising $2.5B in its IPO  —  A decade ago, Vijay Shekhar Sharma flew to Hong Kong to attend an All Things D conference.  At the event, he watched Silicon Valley executives Jack Dorsey and Brian Chesky talk about the firms they were building.
Sarah Perez / TechCrunch:
Instagram says it is shutting down its standalone mobile messaging app Threads by December 31  —  Instagram's standalone messaging app Threads is shutting down.  The app will no longer be supported by the end of December 2021, the company confirmed to TechCrunch after reports began circulating …
Mark Gurman / Bloomberg:
Cher Scarlett, a leader of #AppleToo, is leaving Apple and will withdraw her NLRB complaint after reaching a settlement  —  Cher Scarlett, an Apple Inc. employee who created a protest movement within the company over pay transparency and other workplace issues, is leaving the iPhone maker after reaching a settlement.
Shannon Liao / Washington Post:
A group of shareholders owning less than 1% of Activision Blizzard calls for CEO Bobby Kotick and two of its longest serving board members to resign  —  A day after Activision Blizzard employees staged a walkout and called for the resignation of CEO Bobby Kotick and several other executives …
Shannon Liao / Washington Post:
Sarah Perez / TechCrunch:
Spotify expands Podcast Subscriptions globally with 20 price points from $0.50 to $150 and will let creators download subscribers' contact info  —  Just a few months after launching support for podcast subscriptions to U.S. creators, Spotify today is making the service available to creators in global markets.
Ian Sherr / CNET:
Apple announces Self Service Repair, a program starting next year that will publish repair manuals, let customers buy parts and tools, and more  —  The tech giant says it will publish repair manuals and allow everyday customers to buy the same parts and tools certified technicians and repair shops use.
Mitchell Clark / The Verge:
Apple releases iOS 15.1.1 to solve an issue with dropped calls on iPhone 12 and 13 models  —  iOS 15.1.1 promises improvements to the smartphones' phone  —  A new iOS update is starting to hit phones — no, not the seemingly feature-packed iOS 15.2, but iOS 15.1.1, which Apple says will solve an issue with calls dropping.
Sarah Perez / TechCrunch:
Spotify expands real-time lyrics to all users globally in partnership with Musixmatch, after initially launching in 26 markets  —  After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users …
Coco Liu / Bloomberg:
Alibaba misses with Q2 sales of $31.4B, up 29% YoY but below $32.1B estimates, as net income reached $846M  —  - Outlook fell short as quarterly sales numbers missed estimates  — China's e-commerce leader struggling with slowing consumption  —  Alibaba Group Holding Ltd. outlook …
More: CNBC
Dan Mangan / CNBC:
The US DOJ will sell $56M worth of cryptocurrency it seized as part of the BitConnect fraud case; victims can apply to be reimbursed  —  - The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the crypto lending program BitConnect.
Nilay Patel / The Verge:
Q&A: Brian Chesky on how he restructured Airbnb during the pandemic, running a public company, crypto, the metaverse, working with Jony Ive's LoveFrom, and more  —  Airbnb CEO Brian Chesky prides himself on thinking very differently than other CEOs, and his answers to the Decoder questions …

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