Techmeme
October 24, 2019, 8:30 PM

Top News

Ingrid Lunden / TechCrunch:
Twitter misses Q3 estimates with revenue of $823.7M, up 9% YoY vs. $874M expected; 145M monetizable DAUs, up 17% YoY; stock closes down 20%+  —  Twitter today reported its earnings for the quarter that ended September 30, and the numbers delivered a big surprise, falling on both sales and earnings per share.
Megan Graham / CNBC:
Twitter says some users will start seeing more ads after it changed its historical approach of showing fewer ads to users with high follower counts  —  - Twitter's third-quarter earnings were marred by issues in a product that advertisers use to market mobile apps.
Amazon:
Amazon Q3: $70B revenue, up 24% YoY, net income of $2.1B, down from $2.9B in Q3 2018, AWS revenue of $9B, up from $6.7B in Q3 2018; stock down 7%+ after hours  —  SEATTLE—(BUSINESS WIRE) October 24, 2019—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2019.
Washington Post:
Senate Minority Leader Chuck Schumer and Senator Tom Cotton ask US intelligence officials to determine whether TikTok poses “national security risks”  —  Two senior members of Congress, Senate Minority Leader Charles E. Schumer (D-N.Y.) and Sen. Tom Cotton (R-Ark.) …
Ryan Broderick / BuzzFeed News:
TikTok says its content moderation policies are led by a US-based team and it will not remove content, including posts about Hong Kong, at the behest of China  —  Short-form video app TikTok can't shake an air of suspicion that surrounds it in the United States.
Julia Alexander / The Verge:
Michael “Shroud” Grzesiek, one of the gaming world's most watched streamers, announces a move to Microsoft's Mixer from Twitch, following Tyler “Ninja” Blevins  —  'I'm making moves'  —  Michael “Shroud” Grzesiek is the latest Twitch megastar to abandon …
Benjamin Mayo / 9to5Mac:
Apple TV app launches on Amazon Fire TV devices starting with the Fire TV Stick 4K and HD models, with support for other devices and models coming soon  —  Apple today released the Apple TV app for Amazon TV devices, starting with the Amazon Fire TV Stick 4K and the older HD model.
Kif Leswing / CNBC:
Gene Levoff, who was in charge of enforcing Apple's Insider Trading Policy, indicted for insider trading between 2011 and 2016; Levoff was fired in Sept. 2018  —  - Gene Levoff, who was a senior director of corporate law, was aware of Apple financial results before they were public …
Brendan Sinclair / GamesIndustry.biz:
As Google opens its first gaming studio in Montreal, head of Stadia Jade Raymond discusses its strategy, including building several first-party studios  —  As Google unveils new Montreal development studio, Stadia Games & Entertainment boss Jade Raymond discusses the platform strategy
Ben Schoon / 9to5Google:
Verizon, AT&T, T-Mobile, and Sprint announce the Cross Carrier Messaging Initiative to bring RCS to Android phones in 2020  —  Here's a shocker.  All four major US carriers — Verizon, AT&T, Sprint, and T-Mobile — have just announced that they're joining forces to deliver RCS messaging in the US for Android smartphones in 2020.
Ingrid Lunden / TechCrunch:
Fair.com, a flexible car ownership marketplace valued at $1.2B that raised $500M from SoftBank and others, says it is laying off 40% of its staff  —  As the market continues to turn against the wave of highly valued, venture-backed startups operating with little end in sight to their huge losses …
More: PYMNTS.comTweets: @brianmcc and @saraashleyo
Peter Kafka / Vox:
Facebook to pay some news partners as much as $3M a year for appearing in its news tab, to be available as a test Friday for a couple hundred thousand US users  —  Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building …
Paris Martineau / Wired:
New report says the proliferation of right-wing content on YouTube is driven by both supply and demand rather than the platform's recommendation algorithm  —  In a new report, Penn State political scientists say that it's not the recommendation engine, but the communities that form around right-wing content.
Jay Peters / The Verge:
AT&T says a weeks-long voicemail outage affecting some customers across the country is due to a software update, promises a patch but offers no timetable  —  It's telling a different story elsewhere  —  AT&T has been experiencing a weeks-long voicemail outage affecting some customers across the country.
Jordan Novet / CNBC:
Intel beats with Q3 revenue of $19.19B, up 6% YoY, vs. $18.05B est., and Client Computing Group revenue of $9.7B, down 5% YoY; stock up 4%+ after hours  —  Intel stock jumped 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth.
Jim Baker / Lawfare:
Former FBI general counsel explains why US law enforcement needs to embrace encryption to protect the country against existential cybersecurity threats  —  I. Embrace Reality and Deal With It  —  From 2012 to 2014, I worked for Bridgewater Associates, a hedge fund located in Connecticut.

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