Techmeme
October 27, 2016, 12:45 PM

Top News

Vine:
Twitter says it is discontinuing the Vine mobile app “in the coming months”  —  Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold.  Today, we are sharing the news that in the coming months we'll be discontinuing the mobile app.
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter  —  With Twitter's acquisition hopes essentially dead, the company now seems it's on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business.
Kurt Wagner / Recode:
Twitter will cut 9% of its workforce, or roughly 350 people; sources say cuts are company-wide with a focus on sales and marketing teams  —  The layoffs were announced alongside Twitter's Q3 earnings Thursday morning.  —  Twitter is cutting 9 percent of its staff, or roughly 350 people …
Ian King / Bloomberg:
Qualcomm to Buy NXP Semiconductors for $47 Billion in Cash  —  NXP would allow Qualcomm to diversify away from smartphones  —  Target is largest maker of semiconductors used in cars  —  Qualcomm Inc., the largest maker of mobile-phone chips, will acquire NXP Semiconductors NV for $47 billion …
Mike Krahulik / Penny Arcade:
Surface Studio review: beautiful display, adjustable screen that's sturdy in all positions, overall a dream computer  —  If you have not heard already, Microsoft just announced a new device called the Surface Studio.  It's essentially a Surface computer for your desktop.
Peter Kafka / Recode:
Apple to unveil its new TV guide Thursday, aggregating available content and using deep links to ease searching; sources say Netflix won't be included  —  It's an easier way to find and watch video on Apple TV.  —  Apple plans to unveil its new version of a TV guide tomorrow during a product event in California.
Jacob Kastrenakes / The Verge:
Ina Fried / Recode:
Verizon to acquire Jason Kilar's video startup Vessel, will use its tech but shut service down; co-founder Richard Tom to become CTO for Verizon digital efforts  —  Kilar won't be joining Verizon, but his co-founder, Richard Tom, will.  —  Verizon said Wednesday it is buying the technology behind Vessel …

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