Techmeme: Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet (Aoyon Ashraf/CoinDesk)

Top News

MacKenzie Sigalos / CNBC:

Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income — WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.

More: Block, Fortune, The Crypto Times, MarketWatch, SiliconANGLE, Blockhead, Bloomberg, and Benzinga. Threads: @kalihays1

Aoyon Ashraf / CoinDesk:

Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet — The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.

More: Music Ally, Blockonomi, TechCrunch, Coinspeaker, crypto.news, Cryptonews, CoinGape, and Decrypt

X: @kantrowitz. Forums: Slashdot

Sarah Perez / TechCrunch:

TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …

More: TikTok, Spotify, Mashable, MSPoweruser, Engadget, Music Ally, PhoneArena, Neowin, Android Headlines, Billboard, Digital Music News, Social Media Today, Pocket-lint, How-To Geek, The Verge, Music Business Worldwide, and Music Week. Threads: @chris

Anissa Gardizy / The Information:

Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs — Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.

More: Spyglass, DatacenterDynamics, WinBuzzer, SiliconANGLE, TechCrunch, Reuters, and Benzinga

X: @anissagardizy8. Forums: r/singularity

Sebastian Sinclair / Decrypt:

Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so — Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.

Bloomberg:

Source: Baidu plans to unveil smart glasses with cameras and voice commands built atop AI model Ernie next week, launching as soon as early 2025 for under $299 — China's search leader and longtime investor in artificial intelligence plans to showcase the product at its annual Baidu World event …

More: Fortune, The Information, WinBuzzer, TechNode, and Tech in Asia. Bluesky: @marypcbuk.bsky.social

Blake Brittain / Reuters:

A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm — A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …

More: VentureBeat, Windows Central, Engadget, Cointelegraph, CCN.com, Silicon Republic, Bloomberg Law, WinBuzzer, Music Ally, and ai fray

Threads: @carnage4life. X: @rustybrick

See also Mediagazer

Bloomberg:

Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago — - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5 — Image sensor business was hurt by demand lull in North America

More: GamesIndustry.biz, Sony Group Portal, Engadget, Game World Observer, Benzinga, iPhone in Canada Blog, Wccftech, VentureBeat, Wall Street Journal, Sony Group Portal, Sony Group Portal, and Reuters

Threads: @tomwarrenuk. X: @tomwarren

Mark Hachman / PCWorld:

Mercury Research: AMD's desktop CPU market share, in units, grew from 19.2% in Q3 2023 to 28.7% in Q3 2024 and from 19.5% to 22.3% for mobile in the same period — AMD's desktop CPU market share jumped nearly 10 percent in the last year, an analyst reported Thursday, on the heels …

More: Tom's Hardware, XDA Developers, Wccftech, and Trak.in. Forums: r/hardware

Ming-Chi Kuo:

Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier — Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026: — 1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025

More: MacRumors, AppleInsider, 9to5Mac, Android Authority, Neowin, Android Headlines, Mashable, Patently Apple, Wccftech, BGR, PhoneArena, and TechRadar

Ashley Capoot / CNBC:

Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., net income down 68% YoY, and Nights and Experiences Booked up 8% YoY to 122.8M, vs. 121.4M est. — Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat.

More: Proactive, RTÉ, MarketWatch, Business Insider, Skift, The Information, Reuters, Wall Street Journal, Benzinga, Airbnb, and Investor's Business Daily

Ari Levy / CNBC:

AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD — AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …

More: PocketGamer.biz, AppLovin, Benzinga, Proactive, Motley Fool, Forbes, Investor's Business Daily, and Barron's Online. X: @anshublog

Thomas Brewster / Forbes:

iVerify's founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign — The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.

More: AppleInsider. X: @iblametom and @iblametom

Wall Street Journal:

Sources: the CFPB told staff not to conduct work using mobile voice calls or text messages due to China-linked telco hack; many US officials curtailed phone use

More: CSO, Metacurity, KDFX-TV, CyberScoop, ABC7, and CPO Magazine

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Soxton:

AI-powered law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!

Zoho:

Zoho CRM Plus in 2025: A year of thoughtful CX improvements — 2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Big Technology Podcast:

Alex And Ranjan's 2026 Outlook: ChatGPT 1 Billion, AI Shopping, Apple's Big Year, AI Love Boom

The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.

Subscribe to Big Technology Podcast.

Hard Fork:

Where Is All the A.I.-Driven Scientific Progress?

The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.

Subscribe to Hard Fork.

The Talk Show With John Gruber:

'A Naughty Citizen', With Quinn Nelson

The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.

Subscribe to The Talk Show With John Gruber.

Channels with Peter Kafka:

Podcast Pioneer PJ Vogt's Second Act: Less Budget, More Control

Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.

Subscribe to Channels with Peter Kafka.

BG2 Pod:

AI Enterprise - Databricks & Glean

Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.

Subscribe to BG2 Pod.

Tools and Weapons with Brad Smith:

Ted Sarandos: Netflix and how tech changed storytelling

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:40 AM ET, November 8, 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.