Techmeme
October 31, 2019, 1:05 PM

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.
Casey Newton / The Interface:
Twitter's political ad ban will run into enforcement issues on defining issue ads and possibly disadvantage lesser-known or nontraditional candidates  —  If you've ever wondered about the value of having multiple social networks competing to develop the best products and policies, Wednesday offered us a clear example.
Emily Stewart / Vox:
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:
FireEye:
FireEye: Chinese state-backed hacker group APT41 is using malware called MESSAGETAP to parse and save SMS traffic from a telecom's network at scale  —  FireEye Mandiant recently discovered a new malware family used by APT41 (a Chinese APT group) that is designed to monitor and save SMS traffic …
Canalys:
Canalys: Huawei shipped 41.5M smartphones in China in Q3, up 66% YoY, growing its country marketshare to 42% from 25% last year  —  The China (mainland) smartphone market improved sequentially in Q3 2019 as shipments reached 97.8 million, from 97.6 million units in Q2.</a> China is still shrinking …
Jager McConnell / Crunchbase:
Crunchbase, a platform for finding business information about private and public companies, raises $30M Series C led by Omers Ventures  —  We are excited to share that Crunchbase just closed a $30 million dollar Series C funding round led by OMERS Ventures.
Josh Barro / New York Magazine:
A look at how US airports like LAX and O'Hare are trying to solve congestion caused by ride-hailing pickups by experimenting with ideas like PIN-based pickup  —  Earlier this month, I landed at McCarran Airport in Las Vegas and got out my phone to call an Uber.
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 …

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