Techmeme
October 25, 2022, 9:10 PM

Top News

Microsoft:
Microsoft Q1: revenue up 11% YoY to $50.1B, net income down 14% YoY to $17.6B, Office Commercial revenue up 7% YoY, LinkedIn revenue up 17% YoY; stock drops 6%+  —  REDMOND, Wash. — October 25, 2022 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
Alphabet:
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+  —  MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2022.
Todd Spangler / Variety:
YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years  —  Overall, Alphabet, Google's parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, since the pandemic began, masked by an overall growth in DAUs  —  “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Alex Heath / The Verge:
Meta says Apple's updated App Store rules requiring developers to use IAPs for sales of “boosts” in social media apps undercuts others in the digital economy  —  Just when I thought the relationship between Apple and Meta couldn't get more hostile, here we are.
Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules  —  The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
James Vincent / The Verge:
Shutterstock partners with OpenAI to let users generate stock images using DALL-E 2 “in the coming months” and launches a Contributor Fund to reimburse creators  —  Will AI image generators kill the stock image industry?  It's a question asked by many following the rise of text-to-image AI models in recent years.
Daryna Antoniuk / The Record:
Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more  —  Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.
Matt Levine / Bloomberg:
An in-depth look at crypto and blockchains: bitcoin and the underlying tech, the uses and meaning, the crypto financial system, and trust, money, and community  —  - What If You Don't Like It?  — Digital Cash  —  Part II  —  What Does It Mean?  — A Store of Value  — A Distributed Computer
Brandon Vigliarolo / The Register:
Google plans to stop supporting Chrome for Windows 7 and Windows 8.1 in February 2023; StatCounter: Windows 7 was on 10.63% of Windows PCs in September 2022  —  Even better, upgrade to Windows 10 at the very least  —  Google has joined the funeral procession for Windows 7 and 8.1 …
Monica Chin / The Verge:
Microsoft Surface Pro 9 review: a 120Hz display with dynamic refresh, 5G, and a 1080p camera, but pricey without accessories, slow apps, and just two USB ports  —  Exceptional hardware is still marred by incompatibilies … Video calling.  —  After several days of using …

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More News

Emily Baker-White / Forbes:
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Earlier Picks

Bloomberg:
Tim Bradshaw / Financial Times:
Tom Warren / The Verge:
Josh Ye / Reuters: