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October 21, 2016, 1:10 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  —  UPDATE 2: As of around 12 PM ET, Dyn says it's investigating another DDOS attack, and is continuing to attempt to “mitigate” the issue.  Box, Twitter and other sites appear to be down again.
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.
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 …
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.
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.
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
Bloomberg:
Sources: Qualcomm nears a deal worth $34B to acquire NXP Semiconductors; purchase could be announced next week  —  Purchase now likely all cash in $110- to $120-per-share range  —  Announcement could come by Qualcomm's earnings on Nov. 2  —  Qualcomm Inc. is reaching the final stages …

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This is a Techmeme archive page. It shows how the site appeared at 1:10 PM ET, October 21, 2016.

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

New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance

David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers

Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M

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
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

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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