Techmeme
October 26, 2017, 11:05 PM

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; stock up 3%+  —  MOUNTAIN VIEW, Calif. - October 26, 2017 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2017.
Twitter:
Twitter decides to ban advertising from all accounts owned by Russia Today and Sputnik and will donate estimated $1.9M earnings since 2011 to misinfo research  —  Twitter has made the policy decision to off-board advertising from all accounts owned by Russia Today (RT) and Sputnik, effective immediately.
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; stock up 7%+ after hours  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2017.
Nat Levy / GeekWire:
Amazon now has 540K employees, nearly 7x that of Google and 4x that of Microsoft, making it the second-largest employer in US after Walmart  —  Amazon added a whopping 159,500 employees in the last quarter, pushing its total employment to 541,900 people worldwide, according to new numbers from the tech giant released today.
More: Business Insider and CNBCTweets: @geekwire
Tom Krazit / GeekWire:
Amazon Web Services revenue was $4.6B in Q3, up 42% YoY, as operating profit hit $1.2B; CFO says run rate reaches $18B  —  Amazon Web Services continues to grow quite strongly despite its size, and it crossed an interesting milestone during the third quarter: it contributed $1 billion in operating profit to the overall corporation.
More: GeekWire and CNET
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; stock up 3%+  —  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 …
Lorenzo Franceschi-Bicchierai / Motherboard:
Researcher recounts warning Equifax about vulnerability on public-facing site that exposed user data months before breach, six months before Equifax patched  —  Months before its catastrophic data breach, a security researcher warned Equifax that it was vulnerable to the kind of attack …
Georgia Wells / Wall Street Journal:
Twitter overstated MAUs by 1-2M since Q4 2014 by including users of a service for third-party apps; according to revised numbers, its MAUs shrank in Q2 by 2M  —  Social media company says it had been including users of service for third-party apps as monthly users that shouldn't have been counted
Selina Wang / Bloomberg:
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.
More: TechCrunch

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