Techmeme
October 17, 2024, 10:25 PM

Top News

Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist  —  Prabhakar Raghavan, the most senior Google executive overseeing its search engine and ads products, is leaving the role after a four-year tenure leading …
Ina Fried / Axios:
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B  —  LOS ANGELES — Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $5.40.  That may not compare with the $5.12 expected by LSEG.
Todd Spangler / Variety:
Ina Fried / Axios:
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more  —  - It also is updating its mobile app to support “mini apps” from various third parties.  —  World said the new version …
Samantha Cole / 404 Media:
Sources: Matt Mullenweg offered another buyout offer to Automattic staff; Mullenweg appears to have redirected staff's Blind sign-up emails to himself  —  After an exodus of employees at Automattic who disagreed with CEO Matt Mullenweg's recently divisive legal battle with WP Engine …
Rich Woods / XDA Developers:
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”  —  - Qualcomm canceled the Snapdragon Dev Kit & will offer refunds, as the product failed to meet its “standards of excellence”.
Rohan Goswami / CNBC:
Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B  —  Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash …
Sarah Wynn / The Block:
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs  —  - Eric Council Jr., 25, was charged with “conspiracy to commit aggravated identity theft and access device fraud.”
Emma Roth / The Verge:
On a podcast, Donald Trump says Tim Cook called him “hours ago” to complain about EU fines and that Cook said the EU uses fines “to run their enterprise”  —  Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars that Apple has been fined in the European Union.
Forbes:
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M  —  The acquisition, potentially Stripe's largest to date, would come as the $70 billion fintech high-flyer makes a bigger push into stablecoin payments.
Nate Raymond / Reuters:
X updates its ToS to steer any disputes by users to the US District Court for the Northern District of Texas, whose judges often favor conservative litigants  —  Elon Musk's X has updated its terms of service to steer any disputes by users of the social media platform formerly known as Twitter …
Sarah Perez / TechCrunch:
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions  —  On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features …
Jagmeet Singh / TechCrunch:
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool  —  Google Thursday updated the audio summarization feature of its AI note-taking and research assistant NotebookLM, which recently gained …
Financial Times:
Sources: last week, Meta fired ~24 staff in LA for using $25 meal credits to buy household items, as it restructures WhatsApp, Instagram, and Reality Labs teams  —  The terminations took place last week, just days before the $1.5tn social media company separately began restructuring certain …
Will Shanklin / Engadget:
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”  —  With the number of Americans 65 and older expected to balloon by nearly 50 percent by 2050, the rules will ensure those with hearing loss …
Bloomberg:
Sources: the EU warns X that it may calculate fines against X by including Elon Musk's other companies' revenue; the DSA can fine 6% of global annual revenue  —  - Commission may base fine on revenue from Musk's ventures  — Investigators haven't come to a conclusion about fining X

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