Techmeme
October 26, 2022, 8:05 AM

Top News

Alex Heath / The Verge:
Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules  —  The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
Alphabet:
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+  —  MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. today announced financial results for the quarter ended September 30, 2022.
Jon Swartz / MarketWatch:
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY  —  Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years
Todd Spangler / Variety:
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, since the pandemic began, masked by an overall growth in DAUs  —  “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Microsoft:
Microsoft reports Q1 revenue up 11% YoY to $50.1B, net income down 14% YoY to $17.6B, Office Commercial revenue up 7% YoY, LinkedIn up 17% YoY; stock drops 5%+  —  REDMOND, Wash. — October 25, 2022 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
Frederic Lardinois / TechCrunch:
Tom Warren / The Verge:
Joe Rossignol / MacRumors:
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to stop them  —  Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
Anne Steele / Wall Street Journal:
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011  —  Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million
Berber Jin / Wall Street Journal:
Sources: a16z's flagship crypto fund lost ~40% of its value in H1 2022, above the 10%-20% losses at rival funds; a16z has dramatically slowed crypto investments  —  Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’  —  Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
Daryna Antoniuk / The Record:
Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more  —  Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.
Clare Duffy / CNN:
LinkedIn starts letting users verify their profile with a work email address or phone number and plans to alert users if a message they receive seems suspicious  —  Here's how Elon Musk calculated the number of bots on Twitter  —  Robot artist Ai-Da reset while speaking to UK politicians
Brandon Vigliarolo / The Register:
Google plans to stop supporting Chrome for Windows 7 and Windows 8.1 in February 2023; StatCounter says Windows 7 was on 10.63% of Windows PCs in September 2022  —  Even better, upgrade to Windows 10 at the very least  —  Google has joined the funeral procession for Windows 7 and 8.1 …
Andrew Romero / 9to5Google:
Samsung rolls out Maintenance Mode, meant to keep a device's data locked away from technicians during repair, to select Galaxy devices with One UI 5 worldwide  —  Handing your phone off to be repaired can be a little anxiety-inducing, given that it contains your valuable info.

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