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November 3, 2023, 12:30 PM
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Jacquelyn Melinek / TechCrunch:
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024  —  Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …
More: Reuters, BBC, New York Times, CNBC, NBC News, CoinDesk, Cointelegraph, The Guardian, CNN, The Information, Finbold, Molly White, Reuters, Bloomberg, US Department of Justice, New York Times, Fox Business, New York Times, The Verge, DL News, CoinGape, The Mercury News, Fortune, PC Gamer, Decrypt, ABC News, NPR, Finextra, The Verge, Cryptopolitan, Bitcoin Insider, Decrypt, Bloomberg, Coinspeaker, Financial Times, Wall Street Journal, CoinStats, Ghacks, NBC 7 San Diego, UPROXX, CoinJournal, The Overspill, crypto.news, TechStartups, Silicon Republic, CCN.com, KnowTechie, Digital Trends, SlashGear, Forkast, CryptoSlate, nft now, Silicon Valley Business …, Engadget, The Hill, Reuters, New York Times, Reuters, Variety, New York Post, Wired, Sky News, Reuters, Courthouse News Service, MarketWatch, Insider, The Messenger, Axios, Fortune, Washington Post, The Daily Beast, Blockworks, and The Verge
Threads: @carnage4life and @alexkantrowitz.  Mastodon: @tek@freeradical.zone
X: @erikvoorhees, @haydenzadams, @alfred_lin, @innercitypress, @dougjballoon, @dougjballoon, @alfred_lin, @lastcallcnbc, @zeffmax, @markdice, @innercitypress, @garrytan, @ryansadams, @ryxcommar, @ben_mckenzie, @coinmamba, @eringriffith, @obsoletedogma, @davecraige, @erikvoorhees, @cramertracker, @steinkobbe, @robustus, @silvermanjacob, @macromate8, @greentexts_bot, @drjbhattacharya, @rscharf_, @teddyschleifer, @mattbinder, @foldablehuman, @drawandstrike, @markdice, @parikpatelcfa, @hsakatrades, @0xfoobar, @hshaban, @wolf_vukovic, @wifeyalpha, @glennthrush, @gfodor, @albz321, @anammostarac, @satoshibaggins, @mattbinder, @parismarx, @chafkin, @autismcapital, @dlauer, @moorehn, @loopifyyy, @asilbwrites, @divine_economy, @internethippo, @vishal4c, @jimmyvs24, @nichcarlson, @autismcapital, @innercitypress, @wutangkids, @librariancap, @indian_bronson, @jasonklau, @jacqmelinek, @intern, @eking0x, @mattyglesias, @ntmoney, @alexluck9, @lilmoonlambo, @tristansnell, @collinrugg, @altcoinpsycho, @cryptonator1337, @kantrowitz, @danprimack, @byyourlogic, @unusual_whales, @ajb_powell, @thejusticedept, and @thekinocorner.  LinkedIn: Alex Kantrowitz
Forums: Hacker News, r/JoeRogan, r/technology, r/CryptoCurrencyMAX, r/bayarea, r/nyc, r/Buttcoin, r/wallstreetbets, r/GME, r/Superstonk, and Beehaw
Lora Kelley / The Atlantic:
Sam Bankman-Fried, who is unkempt, pedigreed, and awkward, replicated what VCs believe a founder should look like, and the door remains open for others like him  —  The tech industry is designed for people like Sam Bankman-Fried.  —  Over and over during Sam Bankman-Fried's trial …
Apple:
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $23B, Americas sales up 1% to $40.1B, and Europe sales down 1% to $22.5B  —  iPhone revenue sets September quarter record Services revenue reaches new all-time high  —  Apple® today announced financial results …
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 3% YoY to $43.81B, Mac down 34% to $7.61B, iPad down 10% to $6.44B, and Wearables, Home, and Accessories down 3% to $9.32B
Nikkei Asia:
Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific
Mark Gurman / Bloomberg:
Apple expects its revenue in the holiday quarter, normally the company's biggest sales period, to stay the same as in 2022; Wall Street had projected ~5% growth
Tom Warren / The Verge:
Sources: Microsoft plans to stop giving away Xbox Game Pass Ultimate to most of its 238K staff in January 2024; Phil Spencer was unaware and is looking into it  —  Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren't happy about it.
Kevin Purdy / Ars Technica:
DC's AG sues RealPage and 14 of Washington DC's largest landlord firms for using RealPage's rent-setting software to allegedly collude on rent price increases  —  Suit claims employees were told pricing outside the algorithm was “unacceptable.”  —  DC's attorney general has sued 14 …
Brian Krebs / Krebs on Security:
A look at Russia-based SWAT USA Drop Service, whose 1,200+ US employees knowingly or unwittingly reship consumer goods purchased online with stolen credit cards  —  One of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure.
Abner Li / 9to5Google:
Google's Chrome team stops considering a Web Integrity API proposal that aimed to help enforce IP rights, count ad views, and limit bots, after DRM comparisons  —  Back in July, Google's work on a Web Integrity API emerged and many equated it to DRM.  While prototyped, it was only at the proposal stage …
Jeff Horwitz / Wall Street Journal:
Ex-Instagram consultant Arturo Béjar, set to testify in Congress on November 7, says Meta did not fully act on its Well-Being Team's findings to protect teens  —  When a Meta security expert told Mark Zuckerberg that Instagram's approach to protecting teens wasn't working, the CEO didn't reply.
Thomas Claburn / The Register:
As EU was preparing to designate Apple as a gatekeeper under the DMA, Apple has argued that it has three separate browsers: Safari for iOS, iPadOS, and macOS  —  And with a straight face, too.  Brussels didn't buy it  —  Apple tried to avoid regulation in the European Union by making a surprising claim …

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This is a Techmeme archive page. It shows how the site appeared at 12:30 PM ET, November 3, 2023.

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From Mediagazer

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

More News

Akash Sriram / Reuters:
Elon Musk says that xAI will release its first AI model to a select group on November 4 and “in some important respects, it is the best that currently exists”
Reuters:
Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable
Bloomberg:
Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est.

Earlier Picks

Emily Bary / MarketWatch:
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 10%+
Financial Times:
Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release
Devin Coldewey / TechCrunch:
The FTC's lawsuit reveals that Amazon made $1.4B via Project Nessie, an algorithmic scheme that raised product prices and held them there if rivals followed
Chris Welch / The Verge:
Paul McCartney and Ringo Starr release Now and Then, the first “new” Beatles song since 1995, created using AI and an old lo-fi John Lennon recording
Tom Warren / The Verge:
Microsoft announces the Secure Future Initiative, which includes responding faster to vulnerabilities and using AI and automation to improve software security
Julie Jargon / Wall Street Journal:
A New Jersey high school and police investigate after male students shared AI-generated nudes of female students in group chats; parents are unsure what to do
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