Techmeme
October 30, 2025, 2:05 AM

Top News

Meta:
Meta reports Q3 revenue up 26% YoY to $51.2B vs. $49.4B est., net income down 83% to $2.7B, family DAP up 8% to 3.54B for September; META drops 8%+ after hours  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025.
Jaspreet Singh / Reuters:
Jonathan Vanian / CNBC:
Alphabet:
Jennifer Elias / CNBC:
Microsoft:
Microsoft reports Q1 revenue up 18% YoY to $77.7B, vs. $75.3B est., net income up 12% to $27.7B, and More Personal Computing revenue up 4% to $13.8B  —  Microsoft Cloud and AI Strength Drives First Quarter Results REDMOND, Wash. — October 29, 2025 — Microsoft Corp. today announced …
Reuters:
Sources: OpenAI is preparing for an IPO that could value it at ~$1T and has looked at raising $60B+, filing as soon as H2 2026 and listing in 2027  —  OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion …
Wall Street Journal:
Jonathan Vanian / CNBC:
Microsoft says Microsoft 365 and Azure services using Azure Front Door are experiencing issues since around 12pm ET on Wednesday, and recovery is progressing  —  Microsoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the company's scheduled earnings release.
Financial Times:
Cursor:
Cursor launches Cursor 2.0, with its first coding model, Composer, that it says is 4x faster than similar models, and a multi-agent interface  —  Today, we're releasing two big updates that make Cursor the best place to work with agents: our first coding model, Composer, and a new interface for working with many agents in parallel.
Alex Heath / Sources:
Sources: YouTube reorganizes its leadership team, with three product teams reporting to CEO Neal Mohan, and announces a “voluntary exit program” for US staff  —  Neal Mohan's internal memo about YouTube's “next frontier” and opt-in layoffs.  —  ∙ Paid
Greg Otto / CyberScoop:
A former L3 Harris executive pleads guilty in a US district court to selling eight zero-day exploits to a Russian broker in exchange for millions of dollars  —  An ex-L3 Harris executive pleaded guilty to two counts of theft of trade secrets Wednesday, admitting to selling eight zero …
Fortune:
Sources: Mastercard is in late-stage talks to acquire the crypto and stablecoin infrastructure startup Zerohash for between $1.5B and $2B  —  Mastercard's stock has moved in response to reports of stablecoin interest from banks and large merchants like Amazon and Walmart.
Abner Li / 9to5Google:
Google starts rolling out the Gemini for Home voice assistant in early access in the US, on Nest devices set to English  —  Google is beginning to roll out the Gemini for Home voice assistant in the US for devices set to English on all Nest speakers and displays from the past decade.
MacKenzie Sigalos / CNBC:
Amazon opens Project Rainier, an $11B AI data center on 1,200 acres in Indiana that trains and runs Anthropic's AI models using 500K+ Amazon Trainium 2 chips  —  NEW CARLISLE, Indiana — A year ago, it was farmland.  Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world.
Sara Fischer / Axios:
Apollo Global reaches a deal to sell AOL to Bending Spoons, sources say in a deal valued at ~$1.5B; AOL has about 30M MAUs across its email and web properties  —  Apollo Global Management has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios has learned.
Wall Street Journal:
Sources detail how Binance boosted the Trump family's World Liberty Financial by facilitating a $2B purchase of USD1 and building its tech ahead of CZ's pardon  —  Giant crypto exchange facilitated $2 billion purchase of World Liberty's stablecoin and built its technology; clemency for Changpeng Zhao surprised some in administration
More: The Block
Dominic Patten / Deadline:
Disney and YouTube settle their legal dispute over YouTube's hiring in May of former Disney executive Justin Connolly to be global head of media and sports  —  “A Notice of Settlement of Entire Case has been filed in this case,” said an order placed in the Los Angeles Superior Court docket Wednesday.
Pooja Rajkumari / TheStreet:
Crypto media company Blockworks is closing its newsroom, launched in 2021, and will focus on software and data, continuing its main newsletters and podcasts  —  Founded in 2017, the crypto media outlet says the move marks the next phase of its growth.  —  Blockworks, a leading crypto media company …
Maria Deutscher / SiliconANGLE:
CoreStory, whose AI platform automates generating documentation for legacy code bases, raised a $32M Series A led by Tribeca, NEA, and SineWave  —  Artificial intelligence startup CoreStory Inc. today announced that it has closed a $32 million funding early-stage round led by Tribeca Venture Partners, NEA and SineWave Ventures.
More: CoreStory
Dylan Butts / CNBC:
Samsung reports Q3 revenue up 8.85% YoY to ~$60.5B, vs. ~$60.4B est., and operating profit up 32.9% YoY to ~$8.57B, vs. ~$7.9B est., more than doubling from Q2  —  Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter …

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