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January 4, 2019, 7:55 AM
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M.G. Siegler / 500ish Words:
As the law of large numbers catches up with Apple, it faces a rocky but pivotal year where it needs to transition into a services company earlier than planned  —  Yesterday's updated guidance wasn't just about China...  The results are in.  Actually, they're not in.  And that was a major problem yesterday for Apple.
Tim Cook / Apple:
Apple revises guidance for its fiscal 2019 Q1 downwards due to weakness in some markets, particularly China; stock closes down 9%+
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Shira Ovide / Bloomberg:
Apple failed to warn about China and market saturation, the underlying conditions for its guidance downgrade, which were obvious to those paying attention
Makena Kelly / The Verge:
Report: for the second year in a row, FCC's Ajit Pai has canceled his CES trip, as the US government shutdown forces furloughs for non-essential FCC employees  —  It will be the second year in a row that he hasn't attended the conference  —  Federal Communications Commission Chairman Ajit Pai …
Kate Clark / TechCrunch:
Square hires Blizzard Entertainment's Amrita Ahuja as CFO three months after long-time CFO Sarah Friar exited for the CEO job at Nextdoor  —  Founder and chief executive Jack Dorsey says Square has poached Amrita Ahuja from Blizzard Entertainment, a division of the gaming company Activision Blizzard …
Christina Farr / CNBC:
Verily, the life sciences arm of Alphabet, raises $1B in round led by Silver Lake, says Alphabet CFO Ruth Porat and Silver Lake's Egon Durban are joining board  —  - Alphabet's Verily is raising $1 billion in a new round led by Silver Lake, and Ruth Porat is joining the board.
Andrew J. Hawkins / The Verge:
GM's self-driving unit Cruise partners with DoorDash to test a food delivery service in San Francisco starting in early 2019  —  The pilot will commence in early 2019 in San Francisco  —  Cruise Automation, the self-driving unit of General Motors, is teaming up with DoorDash to test …
Bloomberg:
Hackers dump private information of hundreds of German politicians including email addresses, mobile phone numbers, personal chat transcripts, and photos  —  - Leak includes emails, chat transcripts, photos, phone numbers  — Hack is ‘elaborate’ social-engineering attack, IT expert says
Mary Jo Foley / ZDNet:
Microsoft is testing a project codenamed “Bali” that lets users “visualize, manage, control, share, and monetize” data that the company collects about them  —  Microsoft Research is looking to provide users with access to their own ‘personal data bank’ via its ‘Project Bali’ effort.

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From Mediagazer

Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals

Murray Stassen / Music Business Worldwide:
Warner Music Group sells Uproxx, HipHopDX, and other assets to a new company, Uproxx Studios, formed by Jarret Myer, Rich Antoniello, and will.i.am

New York Times:
Sources detail NPR's struggles with declining audiences, falling sponsorship revenue, internal conflicts over turning things around, and a diversity push

More News

Will Sommer / The Daily Beast:
YouTubers popular with kids are promoting a shady gambling site selling “mystery boxes” filled with supposed prizes
Jesse Damiani / The Verge:
Netflix's interactive format for films like Bandersnatch makes content harder to pirate, increases viewer engagement, and generates insightful data about users
Brady Dale / CoinDesk:
BitTorrent announces its own crypto tokens that users trade to other users for faster downloads

Earlier Picks

Mary Jo Foley / ZDNet:
Microsoft adds two new Microsoft 365 bundles focused on security and compliance, expands availability of its MyAnalytics “fitness tracker for work” service
Campbell Kwan / ZDNet:
USB Implementers Forum announces USB Type-C authentication program to protect against non-compliant USB chargers and USB malware risks
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