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October 21, 2016, 12:40 PM
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Top News

Darrell Etherington / TechCrunch:
DDoS attack against DNS provider Dyn caused a widespread outage earlier today across many popular sites on the US East coast; services now restored to normal  —  UPDATE 2: As of around 4 PM, Dyn says it's investigating another DDOS attack, and is continuing to attempt to “mitigate” the issue.
Anya George Tharakan / Reuters:
Wall Street Journal report: AT&T in advanced talks to acquire Time Warner; deal could come as early as this weekend  —  AT&T Inc (T.N) is in advanced talks to acquire media conglomerate Time Warner Inc (TWX.N), and a deal could come as early as this weekend, the Wall Street Journal reported.
Marco della Cava / USA Today:
Microsoft shares hit all-time high above $60 on Friday, past $58.72 mark set in December 1999  —  Microsoft shares surged 5% in early trading, on track to pass a high set in 1999, helped by enthusiasm for progress in its cloud business.  —  The stock was up 5% at $60.30, poised to breeze past the $58.72 mark set in December 1999.
Tom Warren / The Verge:
Microsoft reports Q1 2017 revenue of $20.5B, beating estimates, with Intelligent Cloud revenue up 8% to $6.4B, OEM revenue flat YoY as phone revenue drops 72%  —  Microsoft posted its first quarter of its 2017 fiscal earnings today, reporting revenue of $20.5 billion and net income of $4.7 billion.
Dan Goodin / Ars Technica:
Researchers find serious nine-year old privilege-escalation bug in Linux kernel, official patch released this week  —  Lurking in the kernel for nine years, flaw gives untrusted users unfettered root access.  —  A serious vulnerability that has been present for nine years in virtually …
Sarah Perez / TechCrunch:
App Annie: China overtakes the US in iOS App Store revenue, ending a six year run at the top  —  China has now overtaken the U.S. to become the largest market in the world for App Store revenue, according to a new report out this morning from app intelligence firm App Annie.
Anton Shilov / AnandTech:
Kodak announces the Bullitt-designed Ektra Android smartphone with 5-inch FHD display, 21 MP camera, USB-C, priced at €499, available in Europe later this year  —  Eastman Kodak and the Bullitt Group on Thursday introduced the Ektra smartphone, which will be the first mainstream handset carrying the Kodak brand.
Peter Kafka / Recode:
Sources: Comcast's NBCUniversal finalizing deal for a second $200M investment in BuzzFeed at a valuation of $1.7B  —  More money for Jonah Peretti and his video ambitions.  —  A year after making a major investment in BuzzFeed, NBCUniversal is doing it again.
New York Times:
Data stolen by NSA contractor included NSA hacking tools later used by Shadow Brokers, and is largest leak of classified info, even more than Panama Papers  —  WASHINGTON — Investigators pursuing what they believe to be the largest case of mishandling classified documents in United States history …
Portia Crowe / Business Insider:
Sources: Expedia-backed Trivago plans IPO by the end of November that could value it at $5B  —  Trivago, the online hotel reservation company backed by Expedia, is expected to list its shares in New York by the end of November, according to people familiar with the matter.
More: GeekWire.  Tweets: @businessinsider.  Thanks:@mattrosoff

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From Mediagazer

Axios:
Sources: WH officials believe NYT's Maggie Haberman and Jonathan Swan obtained audio recordings of Situation Room meetings for their upcoming book Regime Change

Max Tani / Semafor:
The NYT says it is reviewing columnist Nick Kristof's work that favorably mentioned former donors to his 2022 Oregon governor bid, including Bill Gates

Daniel Thomas / Financial Times:
Sources: BBC News will announce hundreds of job cuts next week, in the first part of a broader plan to cut ~10% of costs and ~2,000 jobs across BBC departments

More News

Josh Constine / TechCrunch:
Slack's user growth slows slightly as it records 33% rise in DAUs in five months, down from 50% in the prior five; app now has 4M DAUs, of which 1.25M+ are paid

Earlier Picks

Craig Silverman / BuzzFeed:
Analysis of 1K+ posts from 6 partisan Facebook Pages shows that least-accurate are shared widely; 38% of right-wing, 19% of left-wing posts are false/misleading
Jonathan M. Gitlin / Ars Technica:
Tesla says using self-driving models to earn money through ride-sharing is only allowed on the “Tesla Network”, details of which will be released next year
Kyle Orland / Ars Technica:
Nintendo unveils Switch, a game console/tablet hybrid with two detachable controllers and a dock for connecting to a TV; device launches in March
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