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Techmeme
October 27, 2017, 9:40 AM
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Top News

Alphabet Investor Relations:
Alphabet Q3: revenue of $27.8B, up 24% YoY, vs. $27.2B expected; net income reaches $6.73B, up from $5.06B YoY; Other Bets made $302M, lost $812M  —  MOUNTAIN VIEW, Calif. - October 26, 2017 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2017.
Peter Kafka / Recode:
Google CEO Sundar Pichai says people are watching YouTube on TVs for 100M hours/day, up 70% in the last year  —  YouTube viewing on actual TV sets is up 70 percent in the last year.  —  YouTube has been trying to position itself as a TV competitor for years.
Business Wire:
Amazon beats with Q3 revenue of $43.74B, up 34% YoY, vs. $42.14B expected; net income of $256M, up from $252M YoY  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2017.
Microsoft Investor Relations:
Microsoft Q1: revenue of $24.54B, up 12% YoY, vs. $23.56B expected; net income up 16% YoY to $6.6B; Productivity revenue hits $8.2B, up 28% YoY  —  REDMOND, Wash. — October 26, 2017 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2017:
Samantha Liss / St. Louis Post-Dispatch:
Amazon gains wholesale pharmacy licenses in 12+ states, including Nevada, Arizona, Louisiana, Alabama, New Jersey, Michigan, Connecticut, Oregon, and Tennessee  —  Throughout the past year, and without much fanfare, Amazon.com Inc. has gained approval to become a wholesale distributor …
Katie Roof / TechCrunch:
Sources: cybersecurity firm Zscaler has confidentially filed for an IPO, plans to go public before the year's end  —  Zscaler, a nine-year-old, San Jose, Calif.-based company, has filed confidentially for IPO, multiple sources tell TechCrunch.  The cloud security outfit is aiming to go public before the end of the year.

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From Mediagazer

Perry Stein / Washington Post:
Source: the US DOJ sought to force WaPo and WSJ reporters to testify before a grand jury but withdrew the subpoenas this month after the outlets challenged them

Jake Kanter / Deadline:
UK ministers are advancing a bill requiring YouTube and TikTok to promote BBC and ITV content, as well as forcing streamers to show big sports events for free

Deadline:
Piers Morgan's Uncensored raised $27M led by Raine Ventures and Antenna Group, with Elisabeth Murdoch participating, sources say at a $145M valuation

More News

Nancy Scola / Politico:
Study: interviews with tech staffers show how Facebook, Twitter, and Google helped Trump team as part of ad services; Clinton team declined embeds
Max Chafkin / Bloomberg:
How Snapchat avoids misinformation: commitment to newsroom values, vetting videos it distributes to a wider audience, partnering with credible media outlets

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