Techmeme
October 17, 2019, 6:50 AM

Top News

Annie Palmer / CNBC:
Netflix reports Q3 revenue of $5.25B, up 31% YoY, 158M paid subs globally, up 21% YoY, as net adds increase to 6.8M, up 12% YoY but below 7M company forecast  —  Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access …
Zack Whittaker / TechCrunch:
US, UK, and South Korea dismantle one of the largest child exploitation dark web sites, with 200K unique videos; over three dozen people have been arrested  —  The Justice Department says it's dismantled one of the largest child exploitation sites on the dark web.
Wall Street Journal:
Inside Facebook's attempt to launch its cryptocurrency, as major partners and most payments providers withdraw from Libra Association amid regulatory pressure  —  Major partners bolted after Washington challenged the social-media giant's foray into finance  —  David Marcus gathered …
Jordan Pearson / VICE:
Yahoo says it is shutting down its long-running Yahoo Groups platform on October 21 and will permanently delete all posted content on December 14  —  Users won't be able to upload new content to the site after October 21 and have until December 14 to archive their content, Yahoo said in an announcement.
Joe Otterson / Variety:
Mike Isaac's book, Super Pumped: The Battle for Uber, will be the basis for a Showtime series by Billions creators Brian Koppelman and David Levien  —  Brian Koppelman and David Levien are developing a limited series about ridesharing company Uber for Showtime.
Makena Kelly / The Verge:
FCC has formally approved the merger between T-Mobile and Sprint on a party-line vote, with Democrats dissenting  —  But the deal won't close just yet  —  On Wednesday, the Federal Communications Commission formally approved the merger between T-Mobile and Sprint, an FCC official told The Verge.
Mary Jo Foley / ZDNet:
Microsoft announces two new open-source projects, Open Application Model and Dapr, to make it easier for developers to build cloud, edge, and Kubernetes apps  —  Microsoft is introducing two new specs, the Open Application Model and Dapr, with the aim of making building cloud, edge and Kubernetes apps easier.
Natalie Jarvey / Hollywood Reporter:
Inside Bob Iger's risky bet on Disney+, set to launch with 35 originals in first year, which executives hope will have 60M to 90M global subscribers by 2024  —  Disney+ leads a wave of billion-dollar Netflix competitors that are transforming the entertainment industry and launching a new age of ambition …
Ben Thompson / Stratechery:
Google's “ambient computing” vision, powered by smartphones and in-home devices, plays to its strengths, but challenges remain, like high costs to consumers  —  The most surprising revelation from yesterday's Made by Google 19 keynote came in Google Senior Vice President of Devices …
Rob Merrick / The Independent:
After delays, the UK government quietly drops its controversial plan to implement an age verification requirement for porn websites  —  The long-delayed measure - one of the first of its kind in any democratic country - had been plagued by legal and technical difficulties
Craig Silverman / BuzzFeed News:
Investigation: US ad agency Ads Inc. ran a subscription-based Facebook scam whereby users rented their account to Ads Inc., which ran $50M in ads since 2016  —  Asher Burke built his company, Ads Inc, on the back of one of the internet's most persistent, lucrative, and sophisticated scams — the subscription trap.
Hollywood Reporter:
Inside's Apple steep learning curve with TV+ and Hollywood, as sources say the company already well outspent its projected $1B annual content budget  —  After a few false starts and a little offscreen drama, AppleTV+ finally makes its big debut with a slate of shows, Jennifer Aniston …

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