Techmeme
October 24, 2018, 8:40 PM

Top News

Microsoft:
Microsoft reports Q1 revenue of $29.1B, up 19% YoY, net income of $8.8B, up 34% YoY; Azure revenue grew 76%, LinkedIn revenue grew 33%, Surface revenue grew 14%  —  Microsoft Cloud Strength Powers Record First Quarter Results  —  REDMOND, Wash. — October 24, 2018 — Microsoft Corp. today announced …
Natasha Lomas / TechCrunch:
Tim Cook attacks the “data industrial complex” and calls for comprehensive US privacy laws in speech at conference on data protection and privacy in Brussels  —  Apple's CEO Tim Cook has joined the chorus of voices warning that data itself is being weaponized again people and societies …
Michelle Castillo / CNBC:
The Keyword:
Google now lets users review and delete their recent search activity and provides easier access to privacy controls, on desktop today and mobile apps later  —  We're always working on making it easier for you to understand and control your data so you can make privacy choices that are right for you.
New York Times:
Sources: US intelligence has determined that China and Russia spy on phone calls Trump makes using his iPhones instead of his secure White House landline  —  WASHINGTON — When President Trump calls old friends on one of his iPhones to gossip, gripe or solicit their latest take on how he is doing …
The Verge:
Leaked Google contract stipulates that Android device makers provide at least two years of security updates for phones and tablets that have 100K+ activations  —  Every month, a security team at Google releases a new set of patches for Android — and every month, carriers and manufacturers struggle …
Casey Newton / The Verge:
A look at two features Twitter is testing: “presence indicators”, which say what users are doing while they tweet, and “ice breakers” to start conversations  —  Executives say they want to enhance conversations on the platform  —  Twitter is testing new features designed …
The Daily Beast:
Amazon pitched its facial recognition surveillance tech to ICE and continued its dialogue with the US immigration agency in the midst of critical media coverage  —  Amazon employees are up in arms about possible collaborations with law enforcement.  That hasn't stopped Amazon reps from pitching ICE on its face-scanning tech.
Angelo Amante / Reuters:
Italian anti-trust watchdog fines Apple and Samsung €5M for phone performance throttling and Apple an additional €5M over lack of info on battery replacement  —  ROME (Reuters) - Italy's anti-trust watchdog said on Wednesday it was fining Apple Inc. (AAPL.O) and Samsung Electronics Co Ltd …
New York Times:
The marked contrast between Amazon's and Sears' compensation plans shows the shift in recent years away from employees to shareholders  —  Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today's dollars, feathered with company stock.
Alex Heath / Cheddar:
Leaked internal survey of Snap's ~3,000-person workforce shows 40% don't plan to stay, up 11% since Q1 2018, as Snap stock has tumbled in recent months  —  Snapchat employees are looking to jump ship in growing numbers after a botched app redesign and drop in stock price soured many on the company's future …
Heather Somerville / Reuters:
Sources describe problems at GM's Cruise self-driving car unit, which has had delays, issues with software, and more, after landing $5B in investments  —  SAN FRANCISCO (Reuters) - It's one of the biggest bets going in the world of cars.  —  Since May, General Motors Co …
Natalie Gagliordi / ZDNet:
AMD reports Q3 revenue of $1.65B, vs. $1.7B est., up 4% YoY, net income of $102M, up from $61M YoY, but low Q4 guidance; stock down 20%+ after hours  —  The company missed third quarter revenue targets and issued lower-than-expected fourth quarter guidance.
Jason Schreier / Kotaku:
Interviews with dozens of employees detail Rockstar Games' culture of “crunch”, after a studio co-founder's 100-hour weeks remark triggered industry discussion  —  In the final year of development on Red Dead Redemption 2, the upcoming Western game, the top directors decided …
Taylor Hatmaker / TechCrunch:
Two years after acquiring Drip, Kickstarter hands control of the platform to Andy Baio and XOXO co-founder Andy McMillan and provides new seed funding for it  —  Taylor Hatmaker @tayhatmaker / 7 hours  —  Two years ago, Kickstarter acquired Drip, an indie musician crowdfunding platform, on the eve of the service's untimely demise.
Thomas Brewster / Forbes:
Sources: GrayKey, which some law enforcement agencies bought to break the passcodes of iOS devices, can no longer do so for any iPhone running iOS 12 or above  —  Apple has managed to prevent the hottest iPhone hacking company in the world from doing its thing.
Lorenzo Franceschi-Bicchierai / Motherboard:
Researchers: Germany-based spyware firm Wolf Intelligence left 20GB of data on an unprotected server and a public Google Drive folder, including customer info  —  The Germany-based spyware startup Wolf Intelligence exposed its own data, including surveillance target's information …
Wolfie Zhao / CoinDesk:
Japan's finance regulator grants legal status to cryptocurrency exchange association as a self-regulatory industry body  —  The Financial Services Agency (FSA), Japan's finance regulator, has formally approved a cryptocurrency exchange association as a self-regulatory industry body.

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Michelle Castillo / CNBC:

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New York Times: