Techmeme
October 28, 2020, 6:40 AM

Top News

Microsoft:
Microsoft Q1: revenue of $37.2B, up 12% YoY, net income of $13.9B, up 30% YoY, revenue for Intelligent Cloud was $13.0B, up 20% YoY  —  REDMOND, Wash. — October 27, 2020 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2020, as compared to the corresponding period of last fiscal year:
Mike Masnick / Techdirt:
In Mark Zuckerberg's prepared testimony for Wednesday's Senate hearing, he advocates for Congress to update Section 230 to “make sure it's working as intended”  —  This shouldn't be much of a surprise, unfortunately, but it appears that once again Facebook is the first to crack …
Juli Clover / MacRumors:
Report: tensions over profit margins are souring Apple and Foxconn's partnership, leading Foxconn to employ questionable manufacturing and reporting tactics  —  The relationship between longtime partners Apple and Foxconn is eroding due to a battle over profit margins, according to a new report from The Information.
Wall Street Journal:
Sources: the DOJ is scrutinizing Visa's purchase of Plaid, which helps fintech apps connect to users' bank accounts, because it could limit nascent competition  —  The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa's purchase of the fintech firm
Patrick Moorhead / Forbes:
AMD says it will buy rival chipmaker Xilinx for $35B in an all-stock deal  —  I talked to AMD CEO Lisa Su last night and got the download on what could be a historic, $35B semiconductor deal to acquire Xilinx.  AMD had a monster Q3 and guide and has been on a growth tear for years …
Brian Heater / TechCrunch:
Reddit says that moving forward it will let employees work from home, with some exceptions, and that it won't lower pay for US staff if they move within the US  —  Spurred on by the seemingly endless COVID-19 pandemic — and no doubt inspired by similar moves from companies like Twitter …
Hugh Son / CNBC:
JPMorgan says its digital token JPM Coin is now live for commercial use, as the bank launches new business unit Onyx for its blockchain and crypto efforts  —  - JPMorgan Chase said its digital currency, JPM Coin, is being used commercially for the first time this week by a large technology client to send payments around the world.
Mark Gurman / Bloomberg:
Sources: Apple acquired Barcelona-based Vilynx, a startup specializing in AI and computer vision tech, earlier this year for about $50M  —  - Barcelona-based Vilynx's technology makes video search easier  — Apple has purchased several AI startups to buttress Siri, apps
Michael Sheetz / CNBC:
SpaceX, in emails to interested customers, says the beta of the Starlink satellite internet service will initially cost $99/month plus a $499 upfront cost  —  - SpaceX is expanding the beta test of its Starlink satellite internet service, reaching out via email on Monday to people who expressed interest in signing up for the service.
Chaim Gartenberg / The Verge:
Ubisoft rebrands its $15/month UPLAY+ game streaming service as Ubisoft+ and will expand the service's availability to Stadia and Luna by end of year  —  Ubisoft's subscription service goes multiplatform and bets big on game streaming  —  Ubisoft is overhauling its UPlay Plus subscription service …
Wall Street Journal:
Twitter and Square employees say Jack Dorsey takes hands-off management to extremes, delegating or delaying most major decisions, partly to pursue his passions  —  The CEO's management style, delegating most major decisions while pursuing his personal passions, faces one of its biggest tests

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Zoho:
The year in stats: the data we loved in 2020  —  The past year has been eventful for us; between adapting to remote work ourselves and helping our users do the same, we've grown significantly and would like to share our progress with you.
Oura:
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Intel:
Mobileye's new lidar system-on-a-chip bolsters Intel's XPU strategy  —  Intel's multi-dimensional roadmap is delivering now the computing and intelligence that will be required for our connected future.

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