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Techmeme
October 27, 2017, 1:30 AM
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Top News

Alphabet Investor Relations:
Alphabet Q3: revenue of $27.8B, up 24% YoY, vs. $27.2B expected; net income reaches $6.73B, up from $5.06B YoY; Other Bets made $302M, lost $812M; stock up 3%+  —  MOUNTAIN VIEW, Calif. - October 26, 2017 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2017.
Peter Kafka / Recode:
Google CEO Sundar Pichai says people are watching YouTube on TVs for 100M hours/day, up 70% in the last year  —  YouTube viewing on actual TV sets is up 70 percent in the last year.  —  YouTube has been trying to position itself as a TV competitor for years.
Business Wire:
Amazon beats with Q3 revenue of $43.74B, up 34% YoY, vs. $42.14B expected; net income of $256M, up from $252M YoY; stock up 7%+ after hours  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2017.
Twitter:
Twitter decides to ban advertising from all accounts owned by Russia Today and Sputnik and will donate estimated $1.9M earnings since 2011 to misinfo research  —  Twitter has made the policy decision to off-board advertising from all accounts owned by Russia Today (RT) and Sputnik, effective immediately.
Microsoft Investor Relations:
Microsoft Q1: revenue of $24.54B, up 12% YoY, vs. $23.56B expected; net income up 16% YoY to $6.6B; Productivity revenue hits $8.2B, up 28% YoY; stock up 3%+  —  REDMOND, Wash. — October 26, 2017 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2017:
Samantha Liss / St. Louis Post-Dispatch:
Amazon gains wholesale pharmacy licenses in 12+ states, including Nevada, Arizona, Louisiana, Alabama, New Jersey, Michigan, Connecticut, Oregon, and Tennessee  —  Throughout the past year, and without much fanfare, Amazon.com Inc. has gained approval to become a wholesale distributor …
Intel Investor Relations:
Intel beats Q3 estimates with $16.1B revenue, up 2% YoY, vs. $15.7B expected, as net income rises 34% YoY to $4.5B  —  SANTA CLARA, Calif., October 26, 2017 — Intel Corporation today reported third-quarter 2017 financial results.  “We executed well in the third quarter with strong results across …
Katie Roof / TechCrunch:
Sources: cybersecurity firm Zscaler has confidentially filed for an IPO, plans to go public before the year's end  —  Zscaler, a nine-year-old, San Jose, Calif.-based company, has filed confidentially for IPO, multiple sources tell TechCrunch.  The cloud security outfit is aiming to go public before the end of the year.
Lorenzo Franceschi-Bicchierai / Motherboard:
Researcher recounts warning Equifax about vulnerability on public-facing site that exposed user data months before breach, six months before Equifax patched  —  Months before its catastrophic data breach, a security researcher warned Equifax that it was vulnerable to the kind of attack …
Paul Sawers / VentureBeat:
Ticketing platform SeatGeek partners with Facebook, gives third-party companies a way to sell tickets via events pages  —  Ticketing platform SeatGeek has signed Facebook up as a distribution partner, allowing sports fans and gig-goers to buy tickets directly through the world's biggest social network.
Georgia Wells / Wall Street Journal:
Twitter overstated MAUs by 1-2M since Q4 2014 by including users of a service for third-party apps; according to revised numbers, its MAUs shrank in Q2 by 2M  —  Social media company says it had been including users of service for third-party apps as monthly users that shouldn't have been counted
Selina Wang / Bloomberg:
Twitter Q3: $589.6M revenue tops estimates, net loss down to $21.1M; MAUs grew 4% YoY to 330M, DAUs grew 14% YoY; stock up 19%+ as Q4 guidance suggests profit

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From Mediagazer

Fiona Riley / Forbes:
USA Today Co. sues OpenAI for over $250M in New York federal court, claiming OpenAI willfully infringed copyrights from 19 publications to train its models

CNN:
A federal judge briefly extends access for CNN, MS Now, and Politico to the White House while he considers a longer-term ruling on President Trump's press ban

Peter White / Deadline:
Source: Turner Classic Movies, which airs films like The Blob, will be housed within Skydance Motion Picture Group, led by Dana Goldberg and Josh Greenstein

More News

Nancy Scola / Politico:
Study: interviews with tech staffers show how Facebook, Twitter, and Google helped Trump team as part of ad services; Clinton team declined embeds
Max Chafkin / Bloomberg:
How Snapchat avoids misinformation: commitment to newsroom values, vetting videos it distributes to a wider audience, partnering with credible media outlets

Earlier Picks

Dieter Bohn / The Verge:
Google Pixelbook review: beautiful hardware, great Chrome apps performance, but has average battery life, and Android apps need to be updated for screen and pen
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