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October 31, 2019, 10:20 AM
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memeorandum
WeSmirchTop News
| @jack: |
[Thread] Twitter will stop accepting all political and issue ads on its platform globally starting on November 22 — We've made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons...🧵
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The Verge, Wired, Washington Post, The Guardian, Bloomberg, Washington Post, Axios, BuzzFeed News, MIT Technology Review, Inquirer, AdExchanger, Business Insider, TechSpot, Politico, ZDNet, NPR, VICE, Inc42 Media, MediaNama, International Business Times, Android Central, SiliconANGLE, CNBC, The Mac Observer, Silicon Republic, VentureBeat, Gizmodo, Quartz, Adweek, Fast Company, BetaNews, CNN, Digital Trends, Neowin, Geek.com, Pocket-lint, The Sun, Firstpost Tech, and Variety
Facebook: Senator John S. McCollister. Tweets: @jack, @jack, @aoc, @jack, @jack, @jack, @jack, @hillaryclinton, @jack, @nedsegal, @jack, @jack, @jack, @mcclure111, @kurtwagner8, @mcclure111, @stevekovach, @snowden, @alexstamos, @zeynep, @nickconfessore, @benthompson, @alexstamos, @oneunderscore__, @carolecadwalla, @jason_kint, @danriffle, @benedictevans, @sarahfrier, @alexstamos, @kt_so_it_goes, @laguarda, @pinboard, @b_fung, @jonlovett, @michelleinbklyn, @panzer, @kirstinestewart, @kurtwagner8, @panzer, @mathewi, @jimwaterson, @tpcarney, @danprimack, @epro, @jeffjarvis, @panzer, @manvsgame, @randfish, @mikeisaac, @panzer, @sarafischer, @laurengoode, @sarafischer, @joshsternberg, @mikeisaac, @kateconger, @jbenton, @stevekovach, @shiraovide, @b_fung, @rmac18, @kifleswing, @bcmerchant, and @davepell
| Josh Constine / TechCrunch: |
In an earnings call, Mark Zuckerberg defends Facebook's political ads policy, estimates ads from politicians will be less than 0.5% of company's revenue in 2020 — As Jack Dorsey announced his company Twitter would drop all political ads, Facebook CEO Zuckerberg doubled-down on his policy of refusing to fact check politicians' ads.
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New York Times, Axios, TechCrunch, Telegraph, The Guardian, IT PRO, Bloomberg, Social Media Today, Business Insider, and Engadget
Tweets: @richlightshed and @kantrowitz
| Emily Stewart / Vox: |
Jack Dorsey's announcement that Twitter will cut out political ads increases the pressure on Facebook and Mark Zuckerberg to follow suit — Twitter CEO Jack Dorsey announced his company is no longer going to allow political advertising on its platform. David Becker / Getty Images
More:
The Verge. Tweets: @vijaya, @willoremus, @tonyromm, @willoremus, @chimeracoder, @benedictevans, @alexstamos, @mathewi, @benedictevans, and @benedictevans
| Casey Newton / The Interface: |
Twitter's political ad ban will run into enforcement issues on defining issue ads and possibly disadvantage lesser-known or nontraditional candidates — If you've ever wondered about the value of having multiple social networks competing to develop the best products and policies, Wednesday offered us a clear example.| Kara Swisher / New York Times: |
Dorsey's political ad ban is a worthy dare to all social networks that have become hostage to abuse and manipulation, with their growth-at-all-costs mentality — Twitter will no longer allow political advertising, a move that places Twitter and Jack Dorsey in stark contrast to Facebook and Mark Zuckerberg.
More:
South China Morning Post and CNBC
Tweets: @davidgura, @karaswisher, @karaswisher, and @karaswisher
| Apple: |
Apple reports Q4 revenue of $64B, up 2% YoY, of which $51.5B came from products and $12.5B from services; Q1 2020 revenue expected to be $85.5B-$89.5B — Services Revenue Reaches All-Time High of $12.5 Billion — EPS Sets New Fourth Quarter Record of $3.03
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Reuters, 9to5Mac, 9to5Mac, VentureBeat, Seeking Alpha, CNET, AppleInsider, Inquirer, Coinspeaker, 9to5Mac, Engadget, WRAL TechWire, Softpedia News, iPhone Hacks, Firstpost Tech, Cult of Mac, Six Colors, iDownloadBlog.com, Mashable, Ars Technica, Tom's Guide, Philip Elmer‑DeWitt, MacRumors, ZDNet, Macworld, iMore, MSPoweruser, Thurrott, and TechCrunch
Tweets: @macrumors, @neilcybart, @benbajarin, @stephennellis, @neilcybart, @stephennellis, @stevesi, @stephennellis, @cnbcnow, @cnet, and @mrinaldesai
| Chance Miller / 9to5Mac: |
Tim Cook says Apple Pay transactions more than doubled YoY to 3B+ transactions in Q4, exceeding PayPal's volume and growing 4x faster — Apple Pay has been growing at a brisk pace recently, and Tim Cook is making a point to emphasize that fact. During Apple's Q4 2019 earnings call today …
More:
South China Morning Post, Computerworld, Thurrott, Telecoms.com, and Yahoo Finance. Tweets: @leimer
| Kif Leswing / CNBC: |
Tim Cook suggests iPhone upgrade plans are akin to the idea of a “prime subscription” and says Apple sees it as a major growth area — - Some investors want Apple to sell its iPhone on a subscription basis to shift more of Apple's revenue from transactional sales to recurring revenue.| Chance Miller / 9to5Mac: |
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Macworld, ZDNet, CNBC, Cult of Mac, SiliconANGLE, Pocket-lint, Digital Trends, MacRumors, iDownloadBlog.com, CNET, and Softpedia News
Tweets: @kifleswing, @nithin, @mgsiegler, @jonyiveparody, and @iankar_
| Lauren Feiner / CNBC: |
| Steven Musil / CNET: |
Samsung posts Q3 operating profit of $6.6B, down 56% YoY, on revenue of $53B, while the revenue from its mobile division grew 17.4% YoY to ~$25.2B — Samsung was hit hard in its third quarter by the slowdown in tech. The company on Wednesday reported a steep drop in operating profit amid ongoing weakness in the chip industry.| Facebook: |
Facebook reports Q3 revenue of $17.7B, up 29% YoY; DAUs rose 9% YoY to 1.62B as MAUs rose 8% YoY to 2.45B; headcount increased 28% YoY to 43,030 — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2019. — “We had a good quarter and our community …
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CNBC, AdExchanger, Coinspeaker, Financial Times, Business Insider, Yahoo Finance, and ZDNet
Facebook: Mark Zuckerberg. Tweets: @sarahfrier, @mcwm, @ianbassin, @mikeisaac, @mollywood, @qwongsj, and @sarahfrier
| Pavel Alpeyev / Bloomberg: |
Nintendo beats estimates in Q2 with sales of 4.8M Switch consoles, up 50% YoY, and operating income of ~$615M on revenue of ~$2.5B — - Switch sales climb 50% from a year ago to 4.8 million units — Nintendo sticks with conservative full-year earnings outlook
More:
VentureBeat, IGN, Telegraph, GeekWire, GameSpot, Engadget, Yahoo News, The Verge, and Kotaku
| Jager McConnell / Crunchbase: |
Crunchbase, a platform for finding business information about private and public companies, raises $30M Series C led by Omers Ventures — We are excited to share that Crunchbase just closed a $30 million dollar Series C funding round led by OMERS Ventures.| Bloomberg: |
Sources: Alibaba is deciding whether to launch a reduced $10B Hong Kong IPO in November or wait until next year, as global economic uncertainty mounts — - Its required Hong Kong listing hearing is still pending — The company is pondering when to launch its mega listing| Eric Newcomer / Bloomberg: |
Interior Department is grounding its fleet of 800+ aerial drones, one of the largest in the federal government, concerned about risk from Chinese manufacturers — The decision comes after pressure from lawmakers — The the federal agency responsible for maintaining America's vast federal lands …
More:
Wall Street Journal, BBC, The Verge, Fortune, and TechNode
Tweets: @senrickscott and @business
| Sarah Emerson / OneZero: |
An investigation into the supply chain of AmazonBasics batteries shows how Amazon masks its private label operations through a discreet network of outsourcing — One of Amazon's smallest and most popular products has a surprisingly large footprint — heard the “pop!” from my living room …
Tweets: @sarahnemerson, @joshelman, @ozm, and @anrao
| Casey Newton / The Verge: |
Cognizant, which provides content moderation services for Facebook, Google, and Twitter, says it'll exit the business in 2020 after completing current contracts — Moderators complained of filthy offices and severe mental health strain — The professional services firm Cognizant will exit … | Steve O'Hear / TechCrunch: |
Freetrade, which offers commission-free stock investing in the UK, raises $15M Series A led by Draper Esprit — Freetrade, the U.K. challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding. The round includes a $7.5 million investment from Draper Esprit …
More:
Tech.eu and EU-Startups
| Andy Greenberg / Wired: |
Legal experts analyze WhatsApp's options in its case against NSO Group, over sending malware to WhatsApp users, which they say will be an uphill battle — The Facebook-owned messaging company is taking on a notorious malware vendor in what could be an uphill battle.
More:
Ars Technica, The Next Web, Financial Times, Naked Security, Quartz, and Beyond Search
Tweets: @thekenyeung and @a_greenberg
| Dropbox Blog: |
Dropbox says Guido van Rossum, the creator of Python, is leaving the company after six and a half years and heading into retirement — After six and a half years, Guido van Rossum, the creator of Python, is leaving Dropbox and heading into retirement. From the beginning, we knew Guido would be a great addition to our company.
Tweets: @gvanrossum and @drewhouston
| Josh Barro / New York Magazine: |
A look at how US airports like LAX and O'Hare are trying to solve congestion caused by ride-hailing pickups by experimenting with ideas like PIN-based pickup — Earlier this month, I landed at McCarran Airport in Las Vegas and got out my phone to call an Uber.
More:
Business Insider, The Guardian, and Los Angeles Times
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