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October 27, 2022, 10:35 AM
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| Edward Ludlow / Bloomberg: |
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday” — Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday …
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Bloomberg, Gizmodo, Engadget, New York Times, Finbold, IGN, Associated Press, RTÉ, WRAL TechWire, Forkast, CryptoGlobe, Coinpedia Fintech News, CNBC, International Business Times, CryptoPotato, Coinspeaker, CoinGape, Fossbytes, The Economic Times, Watcher Guru, and New York Post
Tweets: @elonmusk, @elonmusk, @donie, @compilesandruns, @kyliebytes, @kenklippenstein, @rmac18, @jtcrombie, @stockmktnewz, @birdyword, @erinkwoo, @hsajwanization, @christogrozev, @litcapital, @teroterotero, @karlbode, @rmac18, @johngreen, @teroterotero, @karlbode, @mmasnick, @gossithedog, @tszzl, and @gartenberg
| Todd Spangler / Variety: |
Elon Musk seeks to reassure Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter, posted an open letter …
Source:
@elonmusk. More:
Associated Press, CNBC, TechCrunch, NPR, Livemint, Bloomberg, Axios, and Coinpedia Fintech News
| Wall Street Journal: |
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for auto ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
More:
The Verge. Tweets: @lwinthorpe, @kensweet, @esqueer_, @nickstatt, @asharma, @williamadler78, @esqueer_, and @esqueer_
| Meta - Investor Relations: |
Meta reports Q3 revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active people up 4% YoY to 2.93B, and headcount up 28% YoY — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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Seeking Alpha, Ars Technica, Ed Zitron's Where's Your Ed At, Wall Street Journal, Insider, Silicon Republic, The Verge, Bloomberg, Metaverse Post, Reuters, Insider, CNBC, Mint Insights, CryptoPotato, crypto.news, PC Gamer, Reuters, Bloomberg, Wccftech, CryptoGlobe, Cryptonews, New York Magazine, Coinspeaker, Financial Times, MarketWatch, Mobile Dev Memo, The Register, and Financial Times
Tweets: @zerohedge, @lizannsonders, @shiraovide, @munster_gene, @carlquintanilla, @munster_gene, @conorsen, @bgurley, @malwaretechblog, @artemr, @lisaabramowicz1, @shortformernie, @adamsinger, @richlightshed, @jamesrbuk, @ericjackson, @business, @shiraovide, @alexhcranz, @antoniogm, @gavinsbaker, @dougboneparth, @robenfarzad, @modestproposal1, @howardlindzon, @edzitron, @levynews, @shiraovide, @munster_gene, @kalinh, @fbbagholder, @thestalwart, @karissabe, @munster_gene, @munster_gene, @thetranscript_, @mikeisaac, @timothynoah1, @jimcramer, @mikeinspace, @profitstaken, @jeffhorwitz, @dailydirtnap, @edzitron, @bdsams, @dansolomon, @rmac18, @rihardjarc, @snowden, @arty_burton, @teroterotero, @jimcramer, @emilygorcenski, @howardlindzon, @pt, @alexjamesfitz, @ecommerceshares, @edbott, @sarthakgh, @edzitron, @shiraovide, @stillgray, @jason, @jason_kint, @jimcramer, @thetranscript_, @thetranscript_, @mmasnick, @pathedger18, and @antoniogm
| Sofia Pitt / CNBC: |
Meta's stock plummets 22%+, opening around $100, the lowest price since 2016, as investors are spooked by excessive investment into the metaverse — - The parent company of Facebook reported its second straight quarterly decline. — Meta's Reality Labs division, which houses its VR headsets …
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Bloomberg, Reuters, Insider, Sky News, and Associated Press
| Nelson Wang / CoinDesk: |
Meta reports Reality Labs had a $3.67B loss in Q3 on $285M in revenue, vs. $406M est., and says the unit's operating loss will grow “significantly” in 2023 — Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
More:
Insider, The Block, TechCrunch, TechCrunch, Blockchain News, Tech News, Bitcoinist.com, and Newser
| Alex Barinka / Bloomberg: |
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee executive chairman; his ascension had been delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation … | Tom Warren / The Verge: |
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox's content and services revenue, after sharing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company's Xbox Game Pass subscription service is already profitable.
More:
The Verge, IGN, Video Games Chronicle, Protocol, Tech Advisor, Thurrott, PCMag, Wall Street Journal on YouTube, iPhone in Canada Blog, TrueAchievements, TheGamer, Gameranx, and Pocket-lint
Tweets: @tomwarren, @tomwarren, @k__med, @kmega4, @jmaine518, @vicious696, @iansherr, and @destinlegarie
| Kirsten Korosec / TechCrunch: |
Autonomous vehicle startup Argo AI, which raised $2.6B+, is shutting down; sources say parts of the company and some employees would be absorbed by Ford and VW — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …
More:
PCMag, CNN, Bloomberg, Reuters, Fortune, Quartz, Financial Times, Forbes, SiliconANGLE, and Digital Trends
Tweets: @jamessantelli, @axellycan, @jswatz, @jotrader4, @rodneyabrooks, @amir, @alex_avoigt, @garymarcus, @tslafanmtl, @grady_booch, @john__rosevear, @jason, and @somospostpc
| David Gutman / The Seattle Times: |
A Washington judge fines Meta ~$24.7M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
More:
Washington State, Associated Press, and Watcher Guru
Tweets: @elijsanders, @agowa, @elijsanders, @katieharbath, @brierdudley, @jvagle, @elijsanders, @evelyndouek, and @karlbode
| Stephanie Condon / ZDNet: |
Google Cloud announces the Blockchain Node Engine, helping developers build and manage blockchain-based products, starting with Ethereum — Google Cloud on Thursday unveiled Blockchain Node Engine - a fully managed service for Web3 developers that wants to build and manage products for blockchain-based platforms.
More:
Cloud Blog, The Block, TechCrunch, Decrypt, and Fortune
| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team” — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
More:
MediaNama. Tweets: @amitmalviya, @thewire_in, @caseynewton, @anuraag_saxena, @sherbir, @film_girl, @pratyasharath, @film_girl, @opindia_com, @tweetinderkaul, @indiaspeakspr, @film_girl, @pratyasharath, @evacide, @film_girl, @newspaperwallah, @pratyasharath, @sjckannadiga, @film_girl, and @mmasnick
| Chance Miller / 9to5Mac: |
Apple patches a bug in iOS 16.1 and macOS Ventura that could let apps with Bluetooth access record user conversations with Siri without needing mic access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.| 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 …
More:
Fortune, Engadget, KnowTechie, and Semafor
Tweets: @reuters, @mountainherder, @karlbode, and @filippie509
| Han Chen / Axios: |
Report: US state and local governments kept buying Chinese telecom equipment despite a federal-level ban; only five states have rules to limit such purchases — Despite federal efforts to block Chinese telecom equipment from U.S. supply chains, state and local governments across …
More:
PCMag, Center for Security …, and Nextgov
Tweets: @csetgeorgetown, @loopemma, @joshuasteinman, @mytechmusings, and @williamyang120
| Financial Times: |
Sources: TikTok plans to add a dedicated gaming tab to its app as soon as November 2, featuring ad-supported mobile games and in-game purchases — Dedicated tab on platform's homepage is company's first venture beyond videos — TikTok is making a big push into gaming … | Takashi Mochizuki / Bloomberg: |
Experts say ballooning mobile game file sizes can winnow out smaller studios, as memory upgrades fail to keep pace resulting in fewer games vying for attention — From Tokyo to San Francisco, mobile game studios have sparred for years to captivate a fickle audience, fostering an overlooked problem …
Tweets: @luigiblood and @6d6f636869
| Mia Sato / The Verge: |
Snap rolls out Director Mode for Snapchat, offering users more powerful video tools, including a green screen and a BeReal-style dual camera mode — Snapchat is giving users more powerful video tools through a new feature called Director Mode. It's available starting today globally for iOS and Android.
More:
Engadget and MobileSyrup
| Reuters: |
Canalys: China smartphone shipments in Q3 fell 11% YoY to 70M; Vivo, Oppo, Honor fell 23%, 27%, and 16%, respectively; Apple rose 36% on iPhone 14 Pro demand — Smartphone shipments in China fell 11% year-on-year in Q3 2022, with privately-owned Vivo taking the top spot, research firm Canalys reported on Thursday.| Yonhap News Agency: |
South Korean prosecutors indict four current and former Samsung employees over allegedly stealing and leaking semiconductor tech to overseas companies — Prosecutors have indicted four current and former employees of electronics giant Samsung Group on charges of stealing highly valued …
More:
SamMobile and The Korea Herald
| Mack DeGeurin / Gizmodo: |
The UK's ICO warns organizations about the risks of using “emotional analysis” tech, and plans to publish its biometric guidance in spring 2023 — The watchdog's deputy commissioner warned the tech wasn't backed by science and that any benefits were outweighed by the risks. — Alerts
More:
Information Commissioner's …, Silicon Republic, DataBreachToday.com, Beyond Search, and Music Ally
Tweets: @iconews, @alexhern, @katecrawford, and @privacymatters
| Rest of World: |
Didi, Kuaishou, Huawei, TikTok, and other Chinese tech companies are expanding in Latin America and poaching talent from each other, as competition intensifies — These young employees are so coveted that Chinese tech companies are quick to poach each other's talent. — • MEXICO CITY, MEXICO
Tweets: @fabiochiusi, @megatobin1, @cengizyar, @dandiba, @violazhouyi, and @mvzelenks
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