Techmeme
November 1, 2017, 11:10 PM

Top News

Facebook:
Facebook reports Q3 profit of $4.7B, up 79% YoY; revenue of $10.3B, up 47% YoY, vs. $9.84B expected; headcount hits 23,165, up 47% YoY  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended September 30, 2017.  —  “Our community continues to grow and our business …
Ben Popper / The Verge:
Mark Zuckerberg says Facebook's efforts to prevent abuse will cut into future profits as company plans to double employees to police its platform  —  Under fire, the social network plans to spend big on security  —  Facebook was front and center in the news today, testifying before legislators …
Kurt Wagner / Recode:
Senators including Blunt and Burr downplay Russian meddling impact on 2016 election; Twitter says it banned 106 accounts for creating 700+ vote-by-text tweets  —  Tech companies will take questions from the Senate and House Intel Committees on Wednesday.  —  Take two.
Josh Constine / TechCrunch:
Vlad Savov / The Verge:
Razer Phone: 5.7" 120Hz 1440p display, 8GB RAM, Snapdragon 835, 12MP dual cameras, 4000mAh battery, but no audio jack, Oreo update 2018; ships Nov. 17 for $699  —  Can you actually make an Android phone for gamers?  Aren't they all spec-heavy beasts of incredible processing burden?
Jonathan Shieber / TechCrunch:
SEC: paid endorsements of ICOs may be illegal if compensation is not properly disclosed, and, even with disclosure, paid promoters may be liable in some cases  —  The Securities and Exchange Commission has issued a stern warning to the celebrities, athletes and social media stars pitching investment opportunities in virtual currencies.
Olga Kharif / Bloomberg:
The value of the Bancor token has dropped 56% since the June ICO, which raised ~$153M  —  Bancor has lost more than half of value since June offering  —  Developers question usefulness of market-making token  —  Bancor, one of the most successful initial coin offerings in the short history …
David Pierce / Wired:
Doppler Labs, the smart earbuds startup which raised a total of $50M+, is shutting down  —  ON OCTOBER 23, Doppler Labs founder Noah Kraft got a Facebook notification.  One of those “On This Day” pop-ups, resurfacing a post from exactly two years ago, when Kraft had appeared on CNBC to make the case for his company.
Juli Clover / MacRumors:
Face ID Unlocks an iPhone More Slowly Than Touch ID, but is Faster in Day-to-Day Usage  —  Apple's new Face ID facial recognition system coming in the iPhone X unlocks an iPhone more slowly than Touch ID did, according to Tom's Guide.  —  Tom's Guide is one of the sites that was provided …
Tripp Mickle / Wall Street Journal:
Larry Dignan / ZDNet:
IBM launches Cloud Private platform to bring cloud native apps to on-premises data centers; it works with multiple clouds, hardware, and existing infrastructure  —  IBM is betting that its Cloud Private platform can be the middleware and platform architecture connecting data center hardware of all stripes with a cloud operating model.
Katie Roof / TechCrunch:
New York terror attack suspect was an Uber driver for the past six months with over 1,400 trips; Uber is now in contact with FBI about the incident  —  New York terror suspectSayfullo Saipov was a driver for Uber, the company confirms.  He has been accused of driving a truck into a crowd near …

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Thuy Ong / The Verge: