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October 27, 2022, 9:40 PM
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memeorandum
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| Washington Post: |
Sources: Elon Musk takes over Twitter, and has fired several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde — Musk's $44 billion deal to acquire the social media company closed on Thursday night. — SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …
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New York Times, Wall Street Journal, Bloomberg, CNBC, USA Today, BBC, Slate, CNN, Reuters, 9to5Mac, Engadget, BuzzFeed News, The Guardian, CoinDesk, The Information, Vox, TechCrunch, Bloomberg, TechCrunch, San Francisco Business Journal, CNET, The Verge, HuffPost, MarketWatch, Forbes, NBC News, Axios, Financial Times, Digital Trends, TRT World, iMore, The Wildfire Newsletter, and The Daily Beast
Tweets: @biz, @sarthakgh, @danprimack, @sriramk, @growing_daniel, @megan, @jsnell, @neilcybart, @mmasnick, and @itguy1959
| 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, TechCrunch, New York Times, CNBC, Associated Press, Vox, USA Today, BGR, Politico, Quartz, Gizmodo, Reuters, The Economic Times, Financial Times, iPhone in Canada Blog, iMore, SlashGear, WRAL TechWire, Associated Press, Tech Flash, San Francisco Business Journal, MobileSyrup, The Guardian, Newser, and Financial Times
Tweets: @elonmusk, @theonion, @beccalew, @jamesfourm, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @tweetermeyer, @nycsouthpaw, @onelouderash, @profmjcleveland, @david_ingram, @kept_simple, @manan, @dsilverman, @parismarx, @heydave7, @paldhous, @buzz, @emmmacfarlane, @shannoncoulter, and @parkermolloy
| 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 and BGR
Tweets: @nickstatt, @lwinthorpe, @anthony, @esqueer_, @esqueer_, @patrickcoffee, and @jasonmillerindc
| Bloomberg: |
Sources: Elon Musk asked Tesla engineers to meet with Twitter product leaders to review code, which Twitter can no longer change until the deal closes — Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc. …
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The Verge, Mashable, and The Register
Tweets: @levie, @ross, @schachin, @rustybrick, @lawrencehurley, @jckarter, and @wongmjane
| Edward Ludlow / Bloomberg: |
| 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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MacDailyNews, Wall Street Journal, CNET, Philip Elmer‑DeWitt, Appleosophy, Gizmodo, Engadget, CNET, Neowin, Associated Press, The Verge, Apple Inc., MacRumors, Six Colors, MobileSyrup, and MarketWatch
Tweets: @austen, @waltlightshed, @rsgnl, @iansherr, @joannastern, @joannastern, @pt, @carnage4life, and @benbajarin
| Kif Leswing / CNBC: |
Apple Q4 revenue: iPhone up 9.67% YoY to $42.63B, iPad down 13.06% YoY to $7.17B, Other Products up 9.85% YoY to $9.65B, and Services up 4.98% YoY to $19.19B — - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
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Financial Times, 9to5Mac, CRN, Livemint, VentureBeat, Macworld, 9to5Mac, MacRumors, AppleInsider, AppleInsider, Philip Elmer‑DeWitt, Patently Apple, TechCrunch, Financial Times, MacRumors, Wccftech, TidBITS, Deadline, AppleInsider, 9to5Mac, Six Colors, and MacStories
Tweets: @jsnell, @neilcybart, @neilcybart, @patrickmcgee_, @trippmickle, @patrickmcgee_, @jyarow, @adamnash, @rsgnl, and @samifathi_
| Annie Palmer / CNBC: |
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B, vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B — - Amazon reported third-quarter results on Thursday that missed analysts' estimates. — It also gave a disappointing sales forecast for the fourth quarter.
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Los Angeles Times, The Information, CoinDesk, Vox, Blockworks, Associated Press, Washington Post, The Guardian, CNN, Reuters, Forbes, New York Times, Financial Times, and Quartz. Tweets: @lorakolodny
| 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; the stock drops 10%+ 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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Reuters, GeekWire, Seattle Business Journal, The Verge, TechCrunch, CNET, CNBC, Reuters, Insider, and TheStreet
Tweets: @pt, @mgsiegler, @jlinwins, @jaminball, @eamonjavers, @stockmktnewz, @jyarow, @stevekopack, @eugenekim222, and @epro
| 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, Bloomberg, Financial Times, Bloomberg, Ed Zitron's Where's Your Ed At, Bloomberg, TechCrunch, Gizmodo, Game Developer, Washington Examiner, Marketing Dive, Observer, CNBC, Wall Street Journal, Fortune, The Hill, PC Gamer, The Wrap, The Information, New York Magazine, New York Post, NBC News, Silicon Valley Business …, iPhone in Canada Blog, Reuters, Gizchina, and Pixel Envy
Tweets: @pwnallthethings, @squawkstreet, @snowden, @zerohedge, @unusual_whales, @lizannsonders, @shiraovide, @carnage4life, @altcap, @chrisjbakke, @wealthordie, @sherrod_im, @lisaabramowicz1, @garethsoloway, @thestalwart, @shortformernie, @zachweiner, @zachweiner, @carlquintanilla, @golikehellmachi, @golikehellmachi, @golikehellmachi, @golikehellmachi, @antoniogm, @munster_gene, @mgeist, @alexandrosm, @mgsiegler, @kantrowitz, @elosolich, @northmantrader, @lisaabramowicz1, @thetranscript_, @teroterotero, @thebradsmith, @econompic, @alex, @fmanjoo, @stevekovach, @adamsinger, @edbott, @dansolomon, @mollywood, @matthewstoller, @saylor, and @tszzl
| Ari Levy / CNBC: |
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CBS News, VICE, NPR, Brad DeLong's Grasping Reality, The Daily Dot, and CryptoSlate
Tweets: @aparanjape, @markgongloff, and @jimcramer
| Alex Barinka / Bloomberg: |
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Wall Street Journal, KnowTechie, and PetaPixel
Tweets: @sarahfrier, @business, @artemr, @sarthakgh, @tayhatmaker, and @thetranscript_
| Andrew Hayward / Decrypt: |
Twitter is testing a blockchain-agnostic feature for displaying NFTs through tweets in partnership with Dapper Labs, Magic Eden, Rarible, and Jump.trade — Social media platform Twitter today announced that it will let users buy, sell, and display NFTs directly through tweets in partnership with four marketplaces.| 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 … | 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 … | Jordan Novet / CNBC: |
Intel reports Q3 revenue down 15% YoY to $15.34B, vs. $15.25B est., Datacenter and AI revenue down 27% YoY to $4.21B, and ~$10B in cost cutting over three years — - Intel plans up to $10 billion in cost reductions and efficiency improvements in the next three years.| Reuters: |
Pinterest reports Q3 revenue up 8% YoY to $684.6M, vs. $666.7M est., global MAUs flat YoY at 445M, vs. 437.4M est., and a $65.2M net loss; the stock jumps 11%+ — Pinterest Inc (PINS.N) posted its slowest quarterly revenue growth in nearly two years and turned a loss, the latest social media platform …
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Adweek, The Information, Bloomberg, and Pinterest
| Harmeet Singh Walia / Counterpoint Research: |
Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2% — - The global smartphone market declined by 12% YoY even as it grew by 2% QoQ to reach 301 million units in Q3 2022.
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Bloomberg and Strategy Analytics
| 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, XDA Developers, Gizmodo, and Adweek
| 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 … | Yousef Saba / Reuters: |
Classera, a San Francisco-based edtech startup focused on the Middle East and Africa, raised a $40M Series A led by Sanabil, which is run by Saudi Arabia's PIF — Classera, an education technology company headquartered in San Francisco, said on Thursday it had raised $40 million from investors …
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FinSMEs, Classera, TechEconomy Nigeria, and The Capital Quest
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