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Techmeme
October 27, 2017, 9:30 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; 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.
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; 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.
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 …
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

Reuters:
A US federal judge orders the Trump administration to lift its White House ban on CNN, MS NOW, and Politico for 14 days, calling it likely unconstitutional

Todd Spangler / Variety:
Paramount says it is raising another $7.5B in debt to pay for its WBD acquisition and pay down other debt, bringing the total debt it intends to raise to $44.4B

Jessica Toonkel / Wall Street Journal:
Barry Diller withdraws People's bid to buy the stake in MGM Resorts it didn't already own, in a deal valuing the company at ~$12.4B; People holds ~27% of MGM

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

Earlier Picks

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
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