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October 27, 2022, 2:25 PM
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| 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 …
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The Verge, TechCrunch, New York Times, Gizmodo, Reuters, CNBC, CNN, PCMag, San Francisco Business Journal, Financial Times, The Hill, The Economic Times, The Guardian, Livemint, Associated Press, MobileSyrup, SlashGear, iPhone in Canada Blog, Newser, Fortune, PC Gamer, Financial Times, Daring Fireball, Mashable, WRAL TechWire, Politico, iMore, Quartz, Bloomberg, Axios, Deadline, NPR, and Jordan's Newsletter
Tweets: @elonmusk, @theonion, @heydave7, @daveleeft, @manan, @jamesfourm, @dsilverman, @seyitaylor, @evleaks, @paldhous, @shannoncoulter, @tweetermeyer, @profmjcleveland, @toscamusk, @emmmacfarlane, @parkermolloy, @ziyatong, @efjbgc, @zsk, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @onelouderash, @kept_simple, @parismarx, @mattzeitlin, @davidmackau, @cwarzel, @tomwarren, @pkafka, and @hshaban
| 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
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The Verge, ZDNet, Engadget, The Information, Insider, The Economic Times, and Livemint
Tweets: @patrickcoffee, @jasonmillerindc, @nickstatt, @lwinthorpe, @anthony, @esqueer_, and @esqueer_
| Wall Street Journal: |
Sources: banks providing $13B in cash to help fund Elon Musk's Twitter bid have begun transferring the money, signaling the deal could close on Friday — Mr. Musk sends borrowing notice, kicking off process to complete the $44 billion deal — Elon Musk Plans to Change Twitter, Here Are the Challenges He Faces
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Forbes, Bloomberg, Ars Technica, Associated Press, Reuters, City A.M., The Economic Times, and Wccftech
Tweets: @sawyermerritt, @arthurb, @_davidvsgoliath, @tweetsbyparker, and @edgecgroup
| Edward Ludlow / Bloomberg: |
| 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, Bloomberg, Bloomberg, Ars Technica, Gizmodo, Silicon Valley Business …, Wall Street Journal, Neowin, Insider, New York Magazine, PC Gamer, Reuters, KnowTechie, CNBC, Sky News, MarketWatch, and Reuters
Tweets: @zerohedge, @carnage4life, @squawkstreet, @lizannsonders, @shiraovide, @edbott, @jimcramer, @lisaabramowicz1, @shortformernie, @thestalwart, @nikitabier, @stevekovach, @kantrowitz, @elosolich, @ecommerceshares, @carlquintanilla, @punchcardinvest, @steventdennis, @saylor, @econompic, @swiftonsecurity, @alexandrosm, @mgeist, @lisaabramowicz1, @thebradsmith, @adamsinger, and @richlightshed
| 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.| Meta - Investor Relations: |
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Seeking Alpha, Wall Street Journal, Ed Zitron's Where's Your Ed At, Financial Times, TechCrunch, CNBC, Android Central, New York Post, NewsBTC, RCR Wireless News, Insider, MarketWatch, crypto.news, Mint Insights, Gizchina, CryptoPotato, and Metaverse Post
Tweets: @snowden, @carlquintanilla, @bgurley, @munster_gene, @malwaretechblog, @munster_gene, @ryanlcooper, @conorsen, @oneunderscore__, @sadlyitsbradley, @mgsiegler, @alexhcranz, @gavinsbaker, @kalinh, @thetranscript_, @timothynoah1, @mikeinspace, @dansolomon, @business, @arty_burton, @markgongloff, @artemr, @jimcramer, @sarthakgh, @thetranscript_, @thetranscript_, @pathedger18, @antoniogm, @shiringhaffary, @antoniogm, @edzitron, and @shiraovide
| Alex Barinka / Bloomberg: |
More:
PetaPixel, Insider, Gizchina, and KnowTechie
Tweets: @sarahfrier, @shiraovide, @mikeisaac, and @shiraovide
| Nelson Wang / CoinDesk: |
More:
Game Developer, Insider, Fortune, TechCrunch, Crypto Daily, and TechCrunch
Tweets: @pwnallthethings, @levie, @gavinsbaker, @mdudas, @wagatwe, @pwnallthethings, @levie, @pwnallthethings, and @gavinsbaker
| 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, Finbold, Decrypt, Cointelegraph, Bitcoinist.com, and Fortune. Tweets: @asvanevik
| The Verge: |
Spotify updates its iOS app to remove audiobook purchasing options, saying in a message to users that “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.
More:
AppleInsider, Softpedia News, 9to5Mac, and iMore
Tweets: @arshapiro90, @marcoarment, @matthew_d_green, @arshapiro90, @caseynewton, and @lancescadden
| Joe Rossignol / MacRumors: |
Following complaints from prominent developers, Apple says it has “paused ads related to gambling and a few other categories on App Store product pages” — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
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The Verge, TechCrunch, Insider, Appuals.com, MobileSyrup, TechCircle, iPhone in Canada Blog, FOSS Patents, BGR, Engadget, The Information, and MediaNama
Tweets: @basicappleguy, @simonbs, @marcoarment, @viticci, @cabel, @rsgnl, @frederikriedel, @simonbs, @film_girl, @caseynewton, @gruber, and @johnvoorhees
| Lauren Forristal / TechCrunch: |
Source: creators that use Snapchat's TikTok clone Spotlight will now be paid millions per year, 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 …
More:
Insider and Android Central
| 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 … | 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 … | 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 … | 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.
More:
The Hill, Washington State, Associated Press, and Watcher Guru
Tweets: @elijsanders, @agowa, @elijsanders, @katieharbath, @jvagle, @evelyndouek, and @brierdudley
| 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 …
More:
Mashable, PYMNTS.com, Pocket-lint, Digital Trends, and Android Headlines. Tweets: @robforbesdj
| 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
| Reuters: |
Canalys: smartphone shipments in China fell 11% YoY to 70M in Q3; 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.
Source:
Canalys. More:
Softpedia News, PingWest, The Mac Observer, iThinkDifferent, AppleInsider, GSMArena.com, 9to5Mac, and South China Morning Post
| 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 … | 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, The Information, Barron's Online, MarketWatch, CNBC, The Logic, Bloomberg, and Stock Market Nerd
| 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| 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.
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The Verge, Game Developer, Fortune, IGN, Axios, MobileSyrup, AFTVnews, WinBuzzer, Wall Street Journal on YouTube, Protocol, Appuals.com, Polygon, KnowTechie, Gamereactor UK, Tech Advisor, GameSpot, Pocket-lint, TrueAchievements, TheGamer, Game Rant, and Gameranx
Tweets: @tomwarren and @tomwarren
| 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 …
| 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.| 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.
More:
Engadget, YouTube Official Blog, Tubefilter, TechCrunch, and MobiHealthNews
| Takashi Mochizuki / Bloomberg: |
Experts say ballooning mobile game file sizes could winnow out smaller studios as storage upgrades don't 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: @6d6f636869
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