| Joe Rossignol / MacRumors: |
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to turn them off — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places … | Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to Chief Twit and visits the company's San Francisco office; memo to employees: “you'll all hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday, posting a video clip of himself walking … | Berber Jin / Wall Street Journal: |
Sources: a16z's flagship crypto fund is down ~40% in H1 2022, above the 10%-20% losses at rival funds; a16z dramatically slowed its crypto investments in 2022 — Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’ — Crypto Crashed, Coinbase's Stock Followed: What Went Wrong| Wayne Ma / The Information: |
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release — Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year … | Alex Heath / The Verge: |
Meta says Apple updated its App Store rules to require IAPs for social media “boosts” to grow its business “while undercutting 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: |
| Reuters: |
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated — Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves … | Lauren Hirsch / New York Times: |
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter lawsuit and set an October 28 deadline to close the deal — Kathaleen St. J. McCormick, the chief judge of Delaware's Chancery Court, gave Mr. Musk until Friday to acquire Twitter.| Steve Johnson / Financial Times: |
Analysis: one year after the most successful ETF launch to date, ProShares' bitcoin ETF has lost ~$1.2B of investors' money as its share price has dropped 70% — BITO's 70 per cent decline suggests it has burnt through $1.2bn of investors' cash — One year after its record-breaking launch … | Aaron Tilley / Wall Street Journal: |
A look at HoloLens' development, as Microsoft ceded its early lead in AR to Meta and others; one executive blames a lack of money and people behind the effort — Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’| Ashley Capoot / CNBC: |
Mobileye's stock pops 37.95% on its first day of trading after spinning out from Intel — - Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public. — Intel bought the Israeli company for $15.3 billion in 2017 … | Echo Wang / Reuters: |
| Reuters: |
SK Hynix warns memory chip demand faces an “unprecedented deterioration” and reports Q3 2022 operating profit fell 60% YoY to ~$1.16B amid soaring inflation — South Korea's SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand … | Meta: |
Meta Q3: revenue of $27.7B, down 4% YoY, net income of $4.4B, down 52% YoY, 2.93B family daily active people, up 4% YoY, headcount up 28% YoY; stock drops 8%+ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.| Richard Vanderford / Wall Street Journal: |
Google agrees to improve its compliance program for legal demands in a settlement with the US DOJ, which said Google lost data sought by investigators in 2016 — The tech company will be monitored by a compliance professional after the Justice Department said Google lost data sought in a U.S. investigation| Omose Ighodaro / Bloomberg: |
An interview with Kickstarter CEO Everette Taylor, appointed in September 2022, on running the company as a Black man, diversity and UX plans, bias, and more — Kickstarter, the crowd-funding platform, is looking to Everette Taylor, its new chief executive officer, to return the company to its core values.| Anne Steele / Wall Street Journal: |
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 — Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million| Dawn Chmielewski / Reuters: |
| Jon Swartz / MarketWatch: |
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY — Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years| Abner Li / 9to5Google: |
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