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October 27, 2022, 3:40 PM
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memeorandum
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| Sofia Pitt / CNBC: |
Meta's stock plummets 22%+, opening at ~$100, the 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, Bloomberg, Ed Zitron's Where's Your Ed At, Wall Street Journal, Bloomberg, Financial Times, Game Developer, Financial Times, TechCrunch, Gizmodo, Wall Street Journal, iPhone in Canada Blog, New York Magazine, PC Gamer, NewsBTC, Insider, Livemint, Reuters, Pixel Envy, CNBC, Sky News, Reuters, Bloomberg, RCR Wireless News, and The Block
Tweets: @pwnallthethings, @zerohedge, @altcap, @squawkstreet, @carnage4life, @lizannsonders, @shiraovide, @carlquintanilla, @munster_gene, @teroterotero, @mollywood, @lisaabramowicz1, @shortformernie, @thestalwart, @edbott, @jimcramer, @ryanlcooper, @oneunderscore__, @alexandrosm, @mgsiegler, @kantrowitz, @lisaabramowicz1, @thebradsmith, @econompic, @stevekovach, @adamsinger, @saylor, @mgeist, @nikitabier, @swiftonsecurity, @richlightshed, @carlquintanilla, @acinvestorblog, @steventdennis, @wilfredfrost, @jimcramer, @carlquintanilla, @grahamstephan, @stilgherrian, @ericjackson, and @kritesh_rocks
| 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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The Verge, New York Times, TechCrunch, Gizmodo, Decrypt, CNBC, Reuters, CNN, PCMag, San Francisco Business Journal, Financial Times, The Hill, MobileSyrup, Politico, SlashGear, iPhone in Canada Blog, Newser, The Guardian, Livemint, The Economic Times, Associated Press, Financial Times, PC Gamer, Fortune, Quartz, Deadline, Bloomberg, iMore, WRAL TechWire, NPR, Mashable, Washington Post, Axios, and CryptoPotato
Tweets: @elonmusk, @theonion, @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, @zsk, @richlightshed, @jaredlholt, @evleaks, @piersmorgan, @daveleeft, @ivanthek, and @efjbgc
| 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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ZDNet, Engadget, The Verge, The Information, Insider, Livemint, and The Hollywood Reporter
Tweets: @patrickcoffee, @jasonmillerindc, @nickstatt, @lwinthorpe, @anthony, @esqueer_, @esqueer_, @kensweet, @asharma, @esqueer_, and @williamadler78
| Wall Street Journal: |
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Bloomberg, Bloomberg, USA Today, Ars Technica, Techaeris, Associated Press, The Economic Times, Wccftech, and Appuals.com
Tweets: @sawyermerritt, @arthurb, @_davidvsgoliath, @tweetsbyparker, @edgecgroup, and @arjunkharpal
| Edward Ludlow / Bloomberg: |
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Bloomberg, TMZ.com, The Atlantic, CNET, Finbold, Reuters, Fortune, The Economic Times, New York Times, The Daily Hodl, IGN, TechCrunch, KnowTechie, BBC, The Register, Morning Martini, CoinGape, Coinpedia Fintech News, International Business Times, City A.M., WRAL TechWire, Coinspeaker, and Engadget
| 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, 9to5Mac, Game Rant, iDownloadBlog.com, and iMore
Tweets: @arshapiro90, @marcoarment, @matthew_d_green, @caseynewton, @lancescadden, and @arshapiro90
| 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, TechCrunch, CoinDesk, Finbold, Decrypt, Cointelegraph, Bitcoinist.com, and Fortune. 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, SlashGear, PetaPixel, and Engadget
Tweets: @arperelli, @jpmanga, @nmcalone, @arperelli, @arperelli, and @mattnavarra
| 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 … | 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 …
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Reuters. Tweets: @amitmalviya, @thewire_in, @caseynewton, @sherbir, @anuraag_saxena, and @newspaperwallah
| 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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The Hill, Associated Press, and Washington State
Tweets: @elijsanders, @agowa, and @elijsanders
| 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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Mashable, PYMNTS.com, Pocket-lint, Gizchina, Digital Trends, Android Headlines, Mobilegamer.biz, and 9to5Mac
Tweets: @robforbesdj, @therealjoshye, @patrickmcgee_, @mattnavarra, and @cristinacriddle
| 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.| 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, TechRadar, BGR, The Hacker News, and BGR India
| Jules Roscoe / VICE: |
The NLRB files a complaint against Amazon CEO Andy Jassy for allegedly violating labor laws with union comments he made to CNBC and Bloomberg earlier in 2022 — Andy Jassy told CNBC that Amazon thinks employees would be “better off” without a union. A new NLRB complaint alleges that violated labor law.| Patrick Coffee / Wall Street Journal: |
NYC-based OpenWeb, which helps outlets target readers with ads and manage comments, raised a $170M Series F at a $1.5B valuation, up from $1B+ in November 2021 — The firm, now valued at $1.5 billion, plans to move further into ad sales and eventually go public, its CEO says| Nivedita Balu / Reuters: |
Shopify reports Q3 revenue up 22% YoY to $1.4B, vs. $1.34B est., a $45.1M loss, down from a $140.2M income YoY, and GMV up 11% YoY to $46.2B; stock jumps 15%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online …
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Shopify, BetaKit, The Information, Barron's Online, MarketWatch, CNBC, Bloomberg, and Stock Market Nerd
| Bloomberg: |
Analysis: from January to September 2022, Huawei's net income fell ~40% YoY to ~$3.8B, as US sanctions on its smartphones continue; Q3 revenue rose 6% YoY ~$20B — Huawei Technologies Co.'s net income fell about 40% in the first three quarters of this year as the Chinese telecom giant … | Bloomberg: |
UserTesting, which helps software companies assess user engagement, agrees to sell to private equity firms Thoma Bravo and Sunstone for ~$1.3B; stock jumps 90%+ — UserTesting Inc. rose as much as 99% on Thursday after the digital consumer insight company agreed to sell to private equity firms Thoma Bravo …
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SiliconANGLE, TechCrunch, TechCrunch, and Business Wire
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