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October 20, 2021, 9:45 AM

Top News

Alex Heath / The Verge:
Source: Facebook is planning to change its company name to reflect its focus on the metaverse as soon as next week at Connect, its annual AR/VR conference  —  Mark Zuckerberg wants to be known for building the metaverse  —  Facebook is planning to change its company name next week to reflect …
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Ron Amadeo / Ars Technica:
Dan Seifert / The Verge:
Antonio G. Di Benedetto / The Verge:
Paul Thurrott / Thurrott:
Brave replaces Google with its own privacy-centric Brave Search as the default search engine in its browser  —  As part of its ongoing push to eliminate Google as much as possible from our daily web experiences, Brave is removing Google Search as its default search engine.
Cecilia Kang / New York Times:
District of Columbia AG Karl Racine plans to add Mark Zuckerberg to an ongoing privacy lawsuit, which began in 2018 following the Cambridge Analytica scandal  —  The District of Columbia case, which grew out of the Cambridge Analytica scandal, could expose the chief executive to financial and other penalties.
Naman Ramachandran / Variety:
UK's CMA fines Facebook £50.5M for breaching an order imposed during its ongoing Giphy acquisition investigation, saying Facebook refused to report information  —  Social media giant Facebook has been fined £50.5 million ($69.1 million) for breaching an order imposed …
Michael Wursthorn / Wall Street Journal:
ProShares Bitcoin Strategy ETF gained nearly 5% in its NYSE debut, with ~$981M in trading volume, making it the second most traded ETF debut ever per FactSet  —  ProShares Bitcoin Strategy ETF advances nearly 5% following its closely watched launch  —  The first bitcoin-focused exchange-traded fund rose …
Nikkei Asia:
Sources: China's Oppo is developing high-end mobile chips, using TSMC's 3nm tech, for its premium handsets due out in 2023 or 2024  —  China's top handset maker looks to use TSMC's cutting-edge 3-nm tech  —  TAIPEI — China's leading smartphone maker Oppo is developing high-end mobile chips …
Chaim Gartenberg / The Verge:
Apple botched the notch on the MacBook Pros by leaving out Face ID; the bezels are smaller but not ultrathin like on Dell and HP rivals  —  All the downsides of the notch, without the Face ID benefits  —  The day that many have been dreading has finally arrived.  Apple has added a notch to its new MacBook Pros.
Jessica Bursztynsky / CNBC:
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M  —  - Netflix is set to report earnings after the bell Tuesday.  —  Netflix shares were up more than 2% after-the-bell Tuesday after the company posted third quarter results.
Todd Spangler / Variety:
Spotify partners with Shopify to let artists list merch on profiles for $29/month to $299/month, starting in the US, UK, Canada, Australia, and New Zealand  —  Spotify on Wednesday announced a new partnership with ecommerce provider Shopify to let artists list merchandise directly on their profiles …
Keith Zhai / Wall Street Journal:
Sources: Jack Ma has left China for the first time since Alibaba came under regulatory pressure last November, traveling to Europe to see friends  —  The Alibaba co-founder's trip to Europe suggests he hasn't been banned from leaving the country by Chinese authorities
Lydia O'Neal / Wall Street Journal:
Flock Freight, which uses AI to help shippers pool goods, raises a $215M Series D at a $1.3B valuation led by Vision Fund 2, bringing total raised to $399M  —  The startup uses AI to pool goods from shippers with less-than-truckload carriers and skip freight hubs.  The new funding round values the company at $1.3 billion

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Nikhilesh De / CoinDesk: