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Techmeme
October 30, 2024, 8:20 PM
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Top News

Microsoft:
Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B  —  Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …
Jordan Novet / CNBC:
Microsoft reports Q1 Intelligent Cloud revenue up 20% YoY to $24.09B, vs. $24.04B est., including Azure and other cloud services up 33% YoY
Antonio G. Di Benedetto / The Verge:
Apple's new MacBook Pro features M4 Pro/Max with 24GB+ RAM, Thunderbolt 5 for $1,999+ (14") and $2,499+ (16"), or M4 with 16GB+ RAM for $1,599+, shipping Nov. 8  —  Apple is updating the MacBook Pro and introducing some even more powerful chips.  Announced this morning via a low-key press release …
Hartley Charlton / MacRumors:
Apple unveils the M4 Max: up to a 16-core CPU for up to 2.2x speeds over the M1 Max, up to a 40-core GPU, up to 128GB of memory, Thunderbolt 5 support, and more  —  Apple today announced the M4 Max chip alongside new MacBook Pro models—its most advanced and powerful Apple silicon chip to date.
Devindra Hardawar / Engadget:
Apple says the MacBook Air with M2 or M3 chips will now come with 16GB of RAM as standard, up from 8GB, and leaves the pricing unchanged at $999+
Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Karissa Bell / Engadget:
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs  —  Threads has surged to reach “almost 275 million” people, Mark Zuckerberg said.  —  Last month at Meta Connect, Mark Zuckerberg said that Meta AI was …
Sarah E. Needleman / Wall Street Journal:
Mark Zuckerberg says the company's AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram
Jonathan Vanian / CNBC:
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost ~$58B since 2020
Kyle Wiggers / TechCrunch:
Dropbox is laying off 528 employees, or 20% of its workforce, in what CEO Drew Houston says is a “transitional period”; filing: the layoffs cost $63M to $68M  —  Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a “transitional period.”
Rohan Goswami / CNBC:
Super Micro's stock drops 30%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence  —  Super Micro's shares plunged 33% on Wednesday after the company disclosed its auditor had resigned following months …
Andrew Webster / The Verge:
Nintendo announces Nintendo Music, an app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles, available on Android and iOS  —  This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning …
Tanaya Macheel / CNBC:
Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
New York Times:
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors  —  Mr. Singh, who was a top executive in Sam Bankman-Fried's business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.
Paige Smith / Bloomberg:
Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card  —  - Access to crypto used to be challenging but is becoming easier … Coinbase already has millions of connections …
Washington Post:
Sources: in August, Andy Jassy called Donald Trump to outline Amazon's plans, and Trump said Amazon should cut him a large check for his presidential efforts  —  Executives at companies founded by the billionaire Post owner have sought contact with Trump.  He argues he didn't end presidential endorsements out of self-interest.
Jason Schreier / Bloomberg:
PlayStation closes Firewalk Studios, which debuted shooter game Concord in August 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs  —  The company will also close the mobile game studio Neon Koi, which hasn't released a game, according to a blog post from Sony on Tuesday.
New York Times:
Sources detail how TikTok struck a deal with GoTo to buy a ~75% stake in Tokopedia for $840M, letting TikTok restart TikTok Shop in Indonesia in December 2023  —  Agata Pinastika Kenastuti's children's clothing shop in Jakarta, Indonesia, was full of inventory when TikTok Shop shut.

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This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, October 30, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Ben Fritz / Wall Street Journal:
Project Hail Mary opens to an estimated $80.5M in box office sales in the US and Canada and $60.4M internationally, marking Amazon's first major box office hit

Erik Wemple / New York Times:
A district court judge rules in favor of the NYT in its suit challenging rules that limited press access to the Pentagon, citing the First Amendment

Wall Street Journal:
Sources: ABC could lose ~$50M in licensing costs to WBD and an estimated $35M in advertising revenue after abruptly pulling the new season of The Bachelorette

More News

Niket Nishant / Reuters:
Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024
Jasper Ward / Reuters:
Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election
Thomas Ricker / The Verge:
Starlink Mini review: super compact and light, can be powered by a small power bank, installs quickly at new locations, but Wi-Fi range is sometimes a concern
Rebekah Valentine / IGN:
Ubisoft quietly debuted its first blockchain game, Champions Tactics: Grimoria Chronicles, for free on PC last week; in-game figurines are listed for $7 to $63K

Earlier Picks

Mike Masnick / Techdirt:
A Bluesky board member discusses the state of decentralized social media: big growth after Elon Musk bought X, but needs a “killer app” for long-term appeal
The GitHub Blog:
Contributions to generative AI projects on GitHub grew 59% YoY from October 2023 to September 2024 and Python overtook JavaScript as the most popular language
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