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October 27, 2022, 4:56 PM
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| Sofia Pitt / CNBC: |
Meta's stock closes down 24.56% at $97.94, its lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse — - The parent company of Facebook reported its second straight quarterly decline. — Meta's Reality Labs division …
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Facebook, TechCrunch, Bloomberg, Financial Times, Ed Zitron's Where's Your Ed At, Financial Times, Bloomberg, Wall Street Journal, Gizmodo, Game Developer, New York Post, iPhone in Canada Blog, New York Magazine, PC Gamer, Wall Street Journal, Reuters, CNBC, crypto.news, Sky News, Gizchina, CryptoPotato, Reuters, Insider, Insider, Bloomberg, RCR Wireless News, and The Block
Tweets: @pwnallthethings, @zerohedge, @squawkstreet, @altcap, @lizannsonders, @shiraovide, @carnage4life, @alexeiarora, @carlquintanilla, @janusrose, @munster_gene, @lisaabramowicz1, @shortformernie, @thestalwart, @teroterotero, @mollywood, @mgeist, @alexandrosm, @mgsiegler, @kantrowitz, @elosolich, @lisaabramowicz1, @thetranscript_, @thebradsmith, @econompic, @fmanjoo, @stevekovach, @adamsinger, @edbott, @dansolomon, @saylor, @nikitabier, @swiftonsecurity, @richlightshed, @jimcramer, @carlquintanilla, @acinvestorblog, @steventdennis, @wilfredfrost, @jimcramer, @carlquintanilla, @grahamstephan, and @stilgherrian
| Ari Levy / CNBC: |
Meta, which hit a $1T market cap in June 2021, is no longer among the 20 most valuable US companies, after losing $730B+ in value since its September 2021 peak — - Last year, Facebook was among the five most valuable U.S. companies, with a market cap over $1 trillion. Now the company is worth about $270 billion.
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The Block, MacDailyNews, Neowin, and CryptoSlate
Tweets: @unusual_whales, @aparanjape, @levynews, @carlquintanilla, and @anthony
| Apple: |
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B — September quarter record for Revenue and EPS — Active installed base of devices reaches all-time high for all major product categories
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CNET, Reuters, 9to5Mac, MacRumors, Wall Street Journal, Philip Elmer‑DeWitt, MarketWatch, Apple Inc., StreetInsider.com, and MacDailyNews
Tweets: @jonerlichman, @munster_gene, @benbajarin, @jsnell, @neilcybart, @jsnell, @jsnell, @iansherr, @film_girl, @joannastern, @mims, @jyarow, @mgsiegler, and @samifathi_
| Kif Leswing / CNBC: |
Apple Q4: iPhone revenue up 9.67% YoY to $42.63B, Mac up 25.3% to $11.51B, iPad down 13.06% to $7.17B, Other Products up 9.8% to $9.65B, and Services up 4.98% — - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.| Todd Spangler / Variety: |
Elon Musk pens an open letter to calm 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 …
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Tweets: @elonmusk, @theonion, @buzz, @david_ingram, @nycsouthpaw, @jamesfourm, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @tweetermeyer, @onelouderash, @profmjcleveland, @kept_simple, @manan, @dsilverman, @parismarx, @heydave7, @paldhous, @emmmacfarlane, @shannoncoulter, @parkermolloy, @mattzeitlin, @davidmackau, @cwarzel, @tomwarren, @pkafka, @hshaban, @toscamusk, @ziyatong, @jappleby, @seyitaylor, and @zsk
| 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 car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
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The Verge, Engadget, ZDNet, The Information, Livemint, and The Hollywood Reporter
Tweets: @nickstatt, @lwinthorpe, @anthony, @esqueer_, @esqueer_, @patrickcoffee, @jasonmillerindc, @kensweet, and @asharma
| Wall Street Journal: |
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Tweets: @sawyermerritt, @arthurb, @_davidvsgoliath, @tweetsbyparker, @edgecgroup, and @arjunkharpal
| Edward Ludlow / Bloomberg: |
| Stephanie Condon / ZDNet: |
Google Cloud announces the Blockchain Node Engine, a fully managed service to help 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 …
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Cloud Blog, The Block, CoinDesk, Watcher Guru, Decrypt, Fortune, Finbold, Bitcoinist.com, and Cointelegraph. Tweets: @asvanevik
| Lauren Forristal / TechCrunch: |
Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020 — Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat's TikTok clone … | Mia Sato / The Verge: |
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XDA Developers, Pocket-lint, PetaPixel, and Engadget
Tweets: @arperelli, @mattnavarra, @jpmanga, @nmcalone, @arperelli, and @arperelli
| Amazon: |
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; stock is down 17%+ on weak Q4 guidance — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
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TechCrunch, CNET, CNBC, Insider, Reuters, and TheStreet
Tweets: @pt, @delrey, @newsynick, @mgsiegler, @stevekopack, @eugenekim222, @jaminball, @epro, @jlinwins, @stockmktnewz, @markdistef, @dougboneparth, @morningbrew, and @eamonjavers
| The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that “a member of our Meta investigation team” deceived the outlet — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used … | Janko Roettgers / Protocol: |
Source: Google and Amazon struck a deal in recent months that lets Amazon work with manufacturers like TCL, which also makes Android TVs and phones, and Xiaomi — Last week, the Competition Commission of India published a damning report, alleging that Google was preventing major TV manufacturers … | David Gutman / The Seattle Times: |
A Washington judge fines Meta $24.66M, 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.
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Washington State, Law Street Media, Gizmodo, The Hill, and Associated Press
Tweets: @elijsanders, @agowa, and @elijsanders
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee as executive chairman; his ascension was 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 … | Chance Miller / 9to5Mac: |
iOS 16.1 and macOS Ventura fixed a bug that could let Bluetooth apps record keyboard dictation audio and Siri conversations without needing microphone 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.
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Rambo Codes, Security Affairs, RestorePrivacy, Dark Reading, TechRadar, The Hacker News, and BGR India
| Nicole Wetsman / The Verge: |
YouTube opens a verification program for licensed health care professionals, adding panels to videos that mark them as reliable sources of health information — They'll also be able to have videos added to health content shelves, which compile information on specific medical conditions.
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YouTube Official Blog, Adweek, Search Engine Land, Engadget, SlashGear, Tubefilter, TechCrunch, and MobiHealthNews
| Reuters: |
Pinterest reports Q3 revenue up 8% YoY to $684.6M, vs $666.7M est., global MAUs flat at 445M, vs 437.4M est., and a net loss of $65.2M; stock jumps 18%+ — Pinterest Inc (PINS.N) posted its slowest quarterly revenue growth in nearly two years and turned a loss, the latest social media platform … | Financial Times: |
Sources: TikTok plans to add a dedicated gaming tab to its app, announced 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 …
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The Information, Mashable, Gizchina, PYMNTS.com, Digital Trends, Pocket-lint, Android Headlines, and Mobilegamer.biz
Tweets: @robforbesdj, @therealjoshye, and @patrickmcgee_
| The Verge: |
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.
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MacRumors, AppleInsider, XDA Developers, Axios, Softpedia News, SlashGear, 9to5Mac, Game Rant, iDownloadBlog.com, and iMore
Tweets: @jake_k, @arshapiro90, @caseynewton, @lancescadden, and @arshapiro90
| Jordan Novet / CNBC: |
Intel Q3: revenue down 15% YoY to $15.34B, vs. $15.25B est., Datacenter and AI revenue down 27% YoY; stock up 5%+ on plans to reduce ~$10B in costs over 3 years — - Intel plans up to $10 billion in cost reductions and efficiency improvements in the next three years.
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VentureBeat, Intel, and Wall Street Journal
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