October 26, 2018, 9:40 AM

Top News

New York Times:
Sources: Andy Rubin left Google with $90M after credible sexual misconduct allegation; one accused executive left with a big exit package while another remained  —  The internet giant paid Mr. Rubin $90 million and praised him, while keeping silent about a misconduct claim.
In email to employees, Sundar Pichai says Google fired 48 people, including 13 senior managers, over last 2 years for sexual harassment; none had exit packages  —  - Google CEO Sundar Pichai sent an email to employees Thursday in response to a report in The New York Times about sexual misconduct at the company.
Jason Koebler / Motherboard:
US Copyright Office files final rule on right to repair that allows consumers to legally break DRM for repairing or maintaining devices beginning Oct. 28  —  The new exemptions are a major win for the right to repair movement and give consumers wide latitude to legally repair the devices they own.
Amazon Q3: revenue of $56.6B, up 29% YoY, operating income of $3.7B, up from $347M YoY, net income of $2.9B, up from $256M YoY; stock down 7%+  —  SEATTLE—(BUSINESS WIRE) October 25, 2018—, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2018.
Corin Faife / BREAKER:
Investigation: 12 of 22 contacted crypto news sites agreed, upon request, to publish paid content without marking it as sponsored; prices were $240 to $4,500  —  This article started out with an email, one that arrived in my inbox years ago.  I can't remember when the first of them came exactly …
David Floyd / CoinDesk:
Tether says it has destroyed over half of its total supply, or 500M USDT, from the Tether treasury wallet  —  UPDATE (24 October 19:25 UTC): This article has been updated to include comments from a Bitfinex spokesman.  —  Shortly before 1:00 p.m. ET Wednesday, Tether …
Gabe Cohn / New York Times:
Christie's sells a portrait by the French art collective Obvious generated using AI for $432,500, over 40x its estimated price, a first for the auction house  —  Last Friday, a portrait produced by artificial intelligence was hanging at Christie's New York opposite an Andy Warhol print and beside a bronze work by Roy Lichtenstein.
Wall Street Journal:
Interviews with 70+ current and former Netflix employees tell of a culture of candor and transparency that some find ruthless, demoralizing, and dysfunctional  —  Buzzwords and anxiety fill the hallways as Hollywood giant tries to maintain a winning culture amid breakneck growth; ‘sunshining’ the ‘N-word’ scandal
Sara Salinas / CNBC:
Snap reports Q3 revenue of $298M, vs. $283M estimated, up 43% YoY, and DAUs of 186M, vs. 186.1M estimated, up 5% YoY but down 1% QoQ; stock down 15 %+  —  - Wall Street was keeping a close eye on active user numbers for Snap's namesake photo-sharing app, Snapchat, as global social media use plateaus.
Leigh Cuen / CoinDesk:
Blockchain partners with Ledger to unveil $99.99 Lockbox hardware wallet, which will enable crypto-to-crypto trades through the company's native brokerage  —  One of the oldest software wallet providers in the cryptocurrency industry is launching its first hardware product.

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More News

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Earlier Picks

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