Techmeme
October 31, 2019, 9:40 AM

Top News

@jack:
[Thread] Twitter will stop accepting all political and issue ads on its platform globally starting on November 22  —  We've made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons...🧵
Josh Constine / TechCrunch:
In an earnings call, Mark Zuckerberg defends Facebook's political ads policy, estimates ads from politicians will be less than 0.5% of company's revenue in 2020  —  As Jack Dorsey announced his company Twitter would drop all political ads, Facebook CEO Zuckerberg doubled-down on his policy of refusing to fact check politicians' ads.
Emily Stewart / Vox:
Jack Dorsey's announcement that Twitter will cut out political ads increases the pressure on Facebook and Mark Zuckerberg to follow suit  —  Twitter CEO Jack Dorsey announced his company is no longer going to allow political advertising on its platform.  David Becker / Getty Images
Kara Swisher / New York Times:
Apple:
Apple reports Q4 revenue of $64B, up 2% YoY, of which $51.5B came from products and $12.5B from services; Q1 2020 revenue expected to be $85.5B-$89.5B  —  Services Revenue Reaches All-Time High of $12.5 Billion  —  EPS Sets New Fourth Quarter Record of $3.03
Chance Miller / 9to5Mac:
Tim Cook says Apple Card users will soon be able to finance iPhone purchases over 24 months with zero interest  —  Apple CEO Tim Cook announced today that Apple Card will soon be adding a new feature for iPhone financing.  Starting later this year, Apple Card users will be able to finance iPhone purchases with 0 percent interest.
Facebook:
Facebook reports Q3 revenue of $17.7B, up 29% YoY; DAUs rose 9% YoY to 1.62B as MAUs rose 8% YoY to 2.45B; headcount increased 28% YoY to 43,030  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2019.  —  “We had a good quarter and our community …
Eric Newcomer / Bloomberg:
Interior Department is grounding its fleet of 800+ aerial drones, one of the largest in the federal government, concerned about risk from Chinese manufacturers  —  The decision comes after pressure from lawmakers  —  The the federal agency responsible for maintaining America's vast federal lands …
Andy Greenberg / Wired:
Legal experts analyze WhatsApp's options in its case against NSO Group, over sending malware to WhatsApp users, which they say will be an uphill battle  —  The Facebook-owned messaging company is taking on a notorious malware vendor in what could be an uphill battle.
Steve O'Hear / TechCrunch:
Freetrade, which offers commission-free stock investing in the UK, raises $15M Series A led by Draper Esprit  —  Freetrade, the U.K. challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding.  The round includes a $7.5 million investment from Draper Esprit …
More: Tech.eu and EU-Startups
Mike Isaac / New York Times:
Two men plead guilty in federal court to hacks in 2016 of Uber and Lynda.com and subsequent extortion, saying they used employee AWS accounts to gain access  —  Guilty pleas to charges of hacking and an extortion conspiracy cap a legal saga that ensnared the tech companies in data breach scandals.

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