Techmeme
October 29, 2020, 8:30 PM

Top News

Apple:
Apple reports Q4 revenue of $64.7B, up from $64.0B YoY, of which $50.1B came from products, $14.5B from services, and net income of $12.7B; stock down 3%+  —  Company revenue sets September quarter record Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Wesley Hilliard / AppleInsider:
Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter  —  Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter, according to Apple's CFO Luca Maestri.
Julia Alexander / The Verge:
Netflix increases pricing for standard plan by $1 to $14/month and premium tier by $2 to $18/month; basic plan will remain $9/month  —  The basic plan will remain $9 a month  —  Netflix is introducing price hikes for its US subscribers today, increasing its standard plan to $14 a month and its premium tier to $18 a month.
Alphabet:
Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+  —  'MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.
Abner Li / 9to5Google:
Alphabet's “Other Bets”, which includes Waymo, Verily, Fiber, and others, had a Q3 operating loss of $1.1B, an increase from $941M YoY, on revenues of $178M  —  Alphabet today announced Q3 2020 earnings with $46.2 billion in revenue.  These numbers range from July to September …
More: AdExchanger and CNBC
Facebook:
Facebook Q3: $21.47B revenue, up 22% YoY, net income $7.85B, up 29% YoY, as DAUs rise 12% YoY to 1.82B, MAUs rise 12% YoY to 2.74B  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2020.  —  “We had a strong quarter as people and businesses continue …
Amazon.com, Inc.:
Amazon reports Q3 revenue of $96.15B, net sales increase of 37% YoY, net income of $6.3B, up from $2.1B YoY, and AWS net sales of $11.6B, up 29% YoY  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.
Anne Steele / Wall Street Journal:
Spotify had total Q3 revenue of €1.97B, up 14% YoY, ARPU of €4.19, down 10% YoY, with 320M MAUs, up 29% YoY, and 144M paying subscribers, up 27% YoY  —  Listening time, revenue increased as use in cars and homes grew  —  Spotify Technology SA moved past a slump that hit early in the pandemic …
Tom Warren / The Verge:
Microsoft adds live custom data types to Excel, letting users import their data, a feature currently available to Office beta testers in the Insiders program  —  Excel now goes far beyond text and numbers  —  Microsoft is overhauling Excel with the ability to support custom live data types.
Dean Takahashi / VentureBeat:
Activision Blizzard reports Q3 net revenue of $1.95B, up 38% YoY, vs. estimated $1.7B; company plans to hire 2,000+ staff to meet production demands  —  Activision Blizzard reported earnings today that beat expectations.  Its Call of Duty franchise continued to outperform last year's results …
Michael del Castillo / Forbes:
Leaked 2018 doc shows Binance conceived of an elaborate corporate structure designed to intentionally deceive regulators and profit from US crypto investors  —  Binance Holdings Limited, the world's largest cryptocurrency exchange conceived of an elaborate corporate structure designed …
New York Times:
A look at startup culture wars happening around Coinbase, Expensify, and others as they become embroiled in a debate over the role of politics in the workplace  —  Coinbase, Expensify, Soylent, Clubhouse and others are embroiled in a culture war over politics and the workplace.

Sponsor Posts

Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work  —  Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
The quiet power of email marketing to maximize impact for nonprofits  —  A life changed.  A problem solved.  A community strengthened.  A future made a little better than it was yesterday.For nonprofits, that's the metric.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser  —  Read pages, fill forms and automate tasks in Chrome or Firefox.  Use local models or your preferred AI provider.  Get started free.

Featured Podcasts

Cheeky Pint:
The company building America's uranium supply from scratch
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Grit:
The Difference Between 1% Improvements and 10x Growth | Immad Akhund
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
How a 19-year-old intern built the growth engine behind this $2B AI company | Hector Serrano
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Big Tech's Ugly Week, Getting Rich At Anthropic, AI Costs Plunge
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Machine Gods:
OpenAI's Latest Discoveries Spark a Backlash + Help! My Kid Hates AI
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:30 PM ET, October 29, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Lauren Feiner / CNBC:
New York Times:
Scott Bauer / Associated Press:

Earlier Picks

Christopher Bing / Reuters:
YouTube: