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October 27, 2022, 7:45 PM
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memeorandum
WeSmirchTop News
| Apple: |
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B — September quarter record for Revenue and EPS — Active installed base of devices reaches all-time high for all major product categories
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MacDailyNews, Wall Street Journal, 9to5Mac, CNET, Appleosophy, CNET, Gizmodo, Engadget, Macworld, Associated Press, AppleInsider, Philip Elmer‑DeWitt, 9to5Mac, MacRumors, Six Colors, MobileSyrup, Apple Inc., iMore, iPhone in Canada Blog, Bloomberg, BGR, and MarketWatch
Tweets: @waltlightshed, @rsgnl, @pt, @mattnavarra, @carnage4life, @joannastern, @benbajarin, @jsnell, @jsnell, @iansherr, and @joannastern
| Kif Leswing / CNBC: |
Apple Q4: iPhone revenue up 9.67% YoY to $42.63B, Mac up 25.4% to $11.51B, iPad down 13.06% to $7.17B, Other Products up 9.85% to $9.65B, and Services up 4.98% — - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
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VentureBeat, 9to5Mac, MacRumors, Reuters, AppleInsider, Thurrott, The Verge, TechCrunch, MacRumors, AppleInsider, Deadline, Six Colors, MacStories, iMore, and The Hollywood Reporter
Tweets: @jsnell, @samifathi_, @jyarow, @adamnash, @rsgnl, @stevekovach, and @neilcybart
| Annie Palmer / CNBC: |
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B, vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B — - Amazon reported third-quarter results on Thursday that missed analysts' estimates. — It also gave a disappointing sales forecast for the fourth quarter.
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Insider, GeekWire, CoinDesk, The Information, Vox, Blockworks, Washington Post, The Guardian, Associated Press, Forbes, New York Times, Financial Times, Quartz, Wall Street Journal, and Bloomberg. Tweets: @tcarmody
| Amazon: |
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
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Reuters, Seattle Business Journal, The Verge, TechCrunch, CNET, Tech Xplore, Reuters, CNBC, Insider, and TheStreet
Tweets: @pt, @mgsiegler, @jlinwins, @jaminball, @eamonjavers, @stockmktnewz, @stevekopack, @eugenekim222, @epro, and @newsynick
| Sofia Pitt / CNBC: |
Meta's stock closes down 24.56% at $97.94, its lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse — - The parent company of Facebook reported its second straight quarterly decline. — Meta's Reality Labs division …
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Facebook, Bloomberg, Financial Times, Bloomberg, TechCrunch, Ed Zitron's Where's Your Ed At, Bloomberg, Wall Street Journal, Washington Examiner, Gizmodo, Game Developer, The Hill, Fortune, The Wrap, Wall Street Journal, PC Gamer, New York Magazine, Digital Trends, New York Post, NBC News, Bloomberg, CNBC, crypto.news, Sky News, iPhone in Canada Blog, Reuters, Reuters, and Insider
Tweets: @pwnallthethings, @squawkstreet, @snowden, @zerohedge, @unusual_whales, @lizannsonders, @shiraovide, @carnage4life, @altcap, @chrisjbakke, @golikehellmachi, @golikehellmachi, @golikehellmachi, @golikehellmachi, @antoniogm, @lisaabramowicz1, @ryandetrick, @shortformernie, @martinsfp, @chrisjbakke, @alex, @thestalwart, @carlquintanilla, @matthewstoller, @munster_gene, @zachweiner, @broderick, @antoniogm, @mgeist, @tszzl, @tszzl, @northmantrader, @alexandrosm, @mgsiegler, @kantrowitz, @elosolich, @lisaabramowicz1, @thetranscript_, @teroterotero, @thebradsmith, @econompic, @fmanjoo, @stevekovach, @adamsinger, @edbott, @mollywood, @saylor, @martinsfp, @nikitabier, @swiftonsecurity, @richlightshed, and @jimcramer
| Todd Spangler / Variety: |
Elon Musk pens an open letter to calm 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 …
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The Verge, TechCrunch, Vox, New York Times, USA Today, CNBC, Livemint, Associated Press, Politico, Decrypt, Gizmodo, Reuters, The Economic Times, Financial Times, iPhone in Canada Blog, iMore, SlashGear, WRAL TechWire, Associated Press, Tech Flash, San Francisco Business Journal, MobileSyrup, The Guardian, Newser, Financial Times, Bloomberg, and Mashable
Tweets: @elonmusk, @theonion, @jamesfourm, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @tweetermeyer, @nycsouthpaw, @onelouderash, @profmjcleveland, @david_ingram, @kept_simple, @manan, @dsilverman, @parismarx, @heydave7, @paldhous, @buzz, @emmmacfarlane, @shannoncoulter, @parkermolloy, @mattzeitlin, @davidmackau, @cwarzel, @mattnavarra, @tomwarren, @pkafka, @hshaban, and @toscamusk
| 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 car 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 and Livemint
Tweets: @accountabletech, @nickstatt, @lwinthorpe, @anthony, @esqueer_, @esqueer_, @patrickcoffee, and @jasonmillerindc
| Edward Ludlow / Bloomberg: |
| Wall Street Journal: |
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Bloomberg, Ars Technica, Barron's Online, Bloomberg, and Wccftech
Tweets: @sawyermerritt, @danprimack, @arthurb, @_davidvsgoliath, @tweetsbyparker, and @edgecgroup
| Stephanie Condon / ZDNet: |
Google Cloud announces the Blockchain Node Engine, a fully managed service to help 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 …
More:
Cloud Blog, The Block, Watcher Guru, Decrypt, Fortune, Bitcoin News, and Bitcoinist.com. Tweets: @asvanevik
| Lauren Forristal / TechCrunch: |
Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020 — Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat's TikTok clone … | Andrew Hayward / Decrypt: |
Twitter is testing a blockchain-agnostic feature for displaying NFTs through tweets in partnership with Dapper Labs, Magic Eden, Rarible, and Jump.trade — Social media platform Twitter today announced that it will let users buy, sell, and display NFTs directly through tweets in partnership with four marketplaces.
More:
Crypto Briefing, Cryptopolitan, The Daily Hodl, and The Crypto Basic
| Jordan Novet / CNBC: |
Intel reports Q3 revenue down 15% YoY to $15.34B, vs. $15.25B est., Datacenter and AI revenue down 27% YoY to $4.21B, and ~$10B in cost cutting over three years — - Intel plans up to $10 billion in cost reductions and efficiency improvements in the next three years.
More:
AnandTech, Intel, VentureBeat, Silicon Valley Business …, The Verge, TheStreet, Nikkei Asia, Thurrott, CNET, and Wall Street Journal
| 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:
YouTube Official Blog, XDA Developers, Gizmodo, Adweek, and MobiHealthNews
| Harmeet Singh Walia / Counterpoint Research: |
Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2% — - The global smartphone market declined by 12% YoY even as it grew by 2% QoQ to reach 301 million units in Q3 2022.| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that “a member of our Meta investigation team” deceived the outlet — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
Tweets: @amitmalviya, @thewire_in, @caseynewton, and @sherbir
| 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, and Xiaomi — Last week, the Competition Commission of India published a damning report, alleging that Google was preventing major TV manufacturers … | Reuters: |
Pinterest reports Q3 revenue up 8% YoY to $684.6M, vs. $666.7M est., global MAUs flat YoY at 445M, vs. 437.4M est., and a $65.2M net loss; the stock jumps 11%+ — Pinterest Inc (PINS.N) posted its slowest quarterly revenue growth in nearly two years and turned a loss, the latest social media platform …
More:
The Information, Bloomberg, Pinterest, and CNBC
| The Verge: |
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “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:
MacRumors, AppleInsider, Axios, XDA Developers, BGR, SlashGear, 9to5Mac, iMore, and iDownloadBlog.com
Tweets: @arshapiro90, @caseynewton, @lancescadden, @jake_k, and @arshapiro90
| David Gutman / The Seattle Times: |
A Washington judge fines Meta $24.66M, 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.
More:
Washington State, Associated Press, Law Street Media, Gizmodo, and The Hill
Tweets: @elijsanders, @agowa, and @elijsanders
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