Techmeme
November 4, 2015, 10:15 PM

Top News

Facebook:
Facebook Reports Third Quarter 2015 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended September 30, 2015.  —  “We had a good quarter and got a lot done,” said Mark Zuckerberg, Facebook founder and CEO.  “We're focused on innovating and investing …
Alexei Oreskovic / Business Insider:
Facebook generated $9.86 in ad revenue from every user in the US in Q3, up 50% from a year ago  —  Facebook makes 50% more ad revenue from every US user than it did a year ago  —  Facebook's ad business delivered a strong quarter that helped the social network handily beat Wall Street's revenue and profit targets.
More: ABC News
Josh Constine / TechCrunch:
Josh Constine / TechCrunch:
Financial Times:
Sources: Facebook's Notify app for news alerts to launch next week with dozens of media partners including Vogue, the Washington Post, and CBS  —  Facebook links with media groups to launch news app  —  Facebook is preparing its latest push into news with a new standalone app called Notify …
Jacob Demmitt / GeekWire:
Expedia to acquire HomeAway for $3.9B in cash and stock, challenging Airbnb … Bellevue, Wash.-based travel giant Expedia announced on Wednesday that it is acquiring Airbnb competitor HomeAway for $3.9 billion worth of cash and stock.  —  The boards of both companies have approved the deal …
Rolfe Winkler / Wall Street Journal:
Sources: facing cash crunch, Jet.com close to completing $550M round at $1.55B post-money valuation, after discussing valuation as high as $3B this past summer  —  Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round  —  Investment would prevent the e-commerce startup from running out of money by the end of the year
Wall Street Journal:
Sources: Google and India's Lava to launch new low-cost smartphone as part of revamped Android One scheme with relaxed requirements on features, price, more  —  Alphabet's Google to Try Again With Low-Cost Smartphone for India  —  Indian phone makers said Android One hardware requirements made it tough to differentiate devices
BBC:
Proposed new UK surveillance bill requires ISPs to store which sites users visit for a year  —  May unveils plan to store web browsing  —  Internet firms will have to store data on what people access online for a year, under new surveillance law plans.  —  At the same time …
Jacob Demmitt / GeekWire:
Fast-growing online marketplace OfferUp announces it has raised $90M in total to date and its users have sold $2.9B worth of merchandise so far in 2015  —  Fast-growing OfferUp breaks silence with $90M in funding, goes after Craigslist … OfferUp — one of the Seattle area's most valuable …
Arik Hesseldahl / Re/code:
Microsoft and Red Hat Team Up to Offer Linux on Azure Cloud  —  Microsoft said today that it will offer Red Hat's version of the open source Linux operating system on its Azure cloud computing platform.  —  The alliance, which will be detailed in a webcast later today …
Darren Orf / Gizmodo:
Samsung announces ATIV Book 9 Pro laptop with 15.6-inch 4K display, Core i7 Skylake processor, 8GB RAM, 4K HDMI port, available this month for $1600  —  Samsung's ATIV Book 9 Pro Is a 4K Super Laptop  —  At CES 2015, Samsung introduced the ATIV Book 9 laptop, carrying a Core M chip within a super thin, light chassis.

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eero:
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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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