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October 27, 2022, 1:45 PM
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| Todd Spangler / Variety: |
Elon Musk seeks to reassure Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter, posted an open letter …
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The Verge, New York Times, TechCrunch, Reuters, CNN, PCMag, San Francisco Business Journal, Financial Times, The Hill, The Guardian, Livemint, The Economic Times, Associated Press, CNBC, MobileSyrup, Fortune, PC Gamer, Financial Times, Daring Fireball, Mashable, WRAL TechWire, Deadline, iMore, Jordan's Newsletter, Politico, Quartz, Bloomberg, Axios, and CryptoPotato
Tweets: @elonmusk, @theonion, @heydave7, @daveleeft, @manan, @dsilverman, @seyitaylor, @evleaks, @paldhous, @jamesfourm, @shannoncoulter, @tweetermeyer, @toscamusk, @profmjcleveland, @emmmacfarlane, @parkermolloy, @ziyatong, @efjbgc, @zsk, @cwarzel, @pkafka, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @onelouderash, @jappleby, @kept_simple, and @parismarx
| Wall Street Journal: |
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for auto ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
More:
The Verge, Engadget, The Information, Insider, The Economic Times, The Hollywood Reporter, and Livemint
Tweets: @patrickcoffee, @jasonmillerindc, @anthony, @nickstatt, @kensweet, and @asharma
| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday … | Wall Street Journal: |
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Forbes, Ars Technica, Associated Press, Reuters, Watcher Guru, City A.M., Appuals.com, and The Economic Times
Tweets: @sawyermerritt, @edgecgroup, @arjunkharpal, and @arthurb
| Sofia Pitt / CNBC: |
Meta's stock plummets 22%+, opening around $100, the lowest price since 2016, as investors are spooked by excessive investment into the metaverse — - The parent company of Facebook reported its second straight quarterly decline. — Meta's Reality Labs division, which houses its VR headsets …
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Bloomberg, Bloomberg, Bloomberg, Ars Technica, The Information, Gizmodo, Wall Street Journal, Silicon Valley Business …, Insider, New York Magazine, Reuters, PetaPixel, MarketWatch, Reuters, Associated Press, CNBC, Sky News, Bloomberg, and TechSpot
Tweets: @zerohedge, @carnage4life, @squawkstreet, @shiraovide, @lizannsonders, @lisaabramowicz1, @nikitabier, @stevekovach, @shortformernie, @kantrowitz, @thestalwart, @elosolich, @ecommerceshares, @carlquintanilla, @punchcardinvest, @steventdennis, @saylor, @econompic, @swiftonsecurity, @alexandrosm, @mgeist, @richlightshed, @carlquintanilla, @acinvestorblog, @lisaabramowicz1, @wilfredfrost, @jimcramer, @thebradsmith, @carlquintanilla, @grahamstephan, and @adamsinger
| Meta - Investor Relations: |
Meta reports Q3 revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active people up 4% YoY to 2.93B, and headcount up 28% YoY — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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Ed Zitron's Where's Your Ed At, Seeking Alpha, Wall Street Journal, TechCrunch, CNBC, New York Post, NewsBTC, Insider, RCR Wireless News, PC Gamer, KnowTechie, MarketWatch, crypto.news, Metaverse Post, Silicon Republic, CryptoGlobe, The Register, Wccftech, Mint Insights, Gizchina, CryptoPotato, Michael Geist, and Insider
| Alex Barinka / Bloomberg: |
| Nelson Wang / CoinDesk: |
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Game Developer, Insider, Fortune, TechCrunch, Crypto Daily, TechCrunch, and The Block
Tweets: @pwnallthethings, @levie, @gavinsbaker, @pwnallthethings, and @gavinsbaker
| Joe Rossignol / MacRumors: |
Following complaints from prominent developers, Apple says it has “paused ads related to gambling and a few other categories on App Store product pages” — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
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The Verge, Insider, TechCrunch, MobileSyrup, Appuals.com, XDA Developers, Fossbytes, TechCircle, MediaNama, iPhone in Canada Blog, FOSS Patents, BGR, and Wccftech
Tweets: @basicappleguy, @simonbs, @marcoarment, @viticci, @cabel, @rsgnl, @frederikriedel, @simonbs, @film_girl, @caseynewton, @gruber, @gartenberg, @johnvoorhees, @willrbishop, @chris_lawley, and @carnage4life
| The Verge: |
Spotify updates its iOS app to remove audiobook purchasing options, saying in a message to users that “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.
More:
AppleInsider, Softpedia News, 9to5Mac, and iMore
Tweets: @arshapiro90, @marcoarment, @matthew_d_green, @arshapiro90, @caseynewton, and @lancescadden
| Stephanie Condon / ZDNet: |
Google Cloud announces the Blockchain Node Engine, helping developers build and manage blockchain-based products, starting with Ethereum — Google Cloud on Thursday unveiled Blockchain Node Engine - a fully managed service for Web3 developers that wants to build and manage products for blockchain-based platforms.
More:
Cloud Blog, The Block, CoinDesk, SiliconANGLE, Finbold, Decrypt, Cointelegraph, and Fortune
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation … | The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team” — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
More:
Reuters. Tweets: @amitmalviya, @thewire_in, @caseynewton, @sherbir, @film_girl, @film_girl, and @film_girl
| Janko Roettgers / Protocol: |
Source: Google and Amazon struck a deal in recent months that lets Amazon work with manufacturers like TCL, which also makes Android TVs and phones — Last week, the Competition Commission of India published a damning report, alleging that Google was preventing major TV manufacturers from adopting Amazon's Fire TV operating system.| David Gutman / The Seattle Times: |
A Washington judge fines Meta ~$24.7M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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The Hill, Washington State, Associated Press, and Watcher Guru
Tweets: @elijsanders, @agowa, @elijsanders, @katieharbath, @brierdudley, @jvagle, @elijsanders, and @evelyndouek
| Financial Times: |
Sources: TikTok plans to add a dedicated gaming tab to its app as soon as November 2, featuring ad-supported mobile games and in-game purchases — Dedicated tab on platform's homepage is company's first venture beyond videos — TikTok is making a big push into gaming …
More:
PYMNTS.com, Mashable, Pocket-lint, Digital Trends, Android Headlines, Mobilegamer.biz, and 9to5Mac
Tweets: @robforbesdj and @therealjoshye
| Chance Miller / 9to5Mac: |
iOS 16.1 and macOS Ventura fixed a bug that could let Bluetooth apps record keyboard dictation audio and Siri conversations without needing microphone access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.
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Rambo Codes, Security Affairs, TechRadar, and BGR
| Mia Sato / The Verge: |
Snap rolls out Director Mode in Snapchat, offering video tools such as a TikTok-like green screen, a BeReal-style dual camera mode, quick edit, and camera speed — Snapchat is giving users more powerful video tools through a new feature called Director Mode. It's available starting today globally for iOS and Android.
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Insider, XDA Developers, Android Central, SlashGear, PetaPixel, and Engadget
| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox's content and services revenue, after sharing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company's Xbox Game Pass subscription service is already profitable.
More:
The Verge, Fortune, Video Games Chronicle, IGN, Game Developer, MobileSyrup, Axios, Protocol, AFTVnews, WinBuzzer, Appuals.com, Wall Street Journal on YouTube, KnowTechie, Tech Advisor, Polygon, Thurrott, OnMSFT.com, Game Rant, GameSpot, Pocket-lint, Gameranx, TrueAchievements, and TheGamer
Tweets: @tomwarren, @tomwarren, and @k__med
| Reuters: |
Canalys: smartphone shipments in China fell 11% YoY to 70M in Q3; Vivo, Oppo, Honor fell 23%, 27%, and 16%, respectively; Apple rose 36% on iPhone 14 Pro demand — Smartphone shipments in China fell 11% year-on-year in Q3 2022, with privately-owned Vivo taking the top spot, research firm Canalys reported on Thursday.
Source:
Canalys. More:
Softpedia News, PingWest, The Mac Observer, iThinkDifferent, AppleInsider, GSMArena.com, and 9to5Mac. Tweets: @briantycangco
| Nivedita Balu / Reuters: |
Shopify reports Q3 revenue up 22% YoY to $1.4B, vs. $1.34B est., a $45.1M loss, down from a $140.2M income YoY, and GMV up 11% YoY to $46.2B; stock jumps 15%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online …
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Shopify, The Information, Barron's Online, CNBC, MarketWatch, The Logic, Stock Market Nerd, and Bloomberg
| Nicole Wetsman / The Verge: |
YouTube opens a verification program for licensed health care professionals, adding panels to videos that mark them as reliable sources of health information — They'll also be able to have videos added to health content shelves, which compile information on specific medical conditions.
More:
Engadget, YouTube Official Blog, and TechCrunch
| Bloomberg: |
Analysis: from January to September 2022, Huawei's net income fell ~40% YoY to ~$3.8B, as US sanctions on its smartphones continue; Q3 revenue rose 6% YoY ~$20B — Huawei Technologies Co.'s net income fell about 40% in the first three quarters of this year as the Chinese telecom giant …
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Huawei, The Register, Associated Press, Light Reading, and Associated Press
| Patrick Coffee / Wall Street Journal: |
NYC-based OpenWeb, which helps outlets target readers with ads and manage comments, raised a $170M Series F at a $1.5B valuation, up from $1B+ in November 2021 — The firm, now valued at $1.5 billion, plans to move further into ad sales and eventually go public, its CEO says| Bloomberg: |
UserTesting, which helps software companies assess user engagement, agrees to sell to private equity firms Thoma Bravo and Sunstone for ~$1.3B; stock jumps 90%+ — UserTesting Inc. rose as much as 99% on Thursday after the digital consumer insight company agreed to sell to private equity firms Thoma Bravo …
| Jules Roscoe / VICE: |
The NLRB files a complaint against Amazon CEO Andy Jassy for allegedly violating labor laws with union comments he made to CNBC and Bloomberg earlier in 2022 — Andy Jassy told CNBC that Amazon thinks employees would be “better off” without a union. A new NLRB complaint alleges that violated labor law.| Kirsten Korosec / TechCrunch: |
Autonomous vehicle startup Argo AI, which raised $2.6B+, is shutting down; sources say top backers Ford and VW will absorb parts of the company and some staff — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
More:
Ars Technica, The Verge, PCMag, CNN, Bloomberg, Reuters, Bloomberg, Financial Times, and Quartz
Tweets: @jamessantelli, @rodneyabrooks, and @amir
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