Techmeme
October 28, 2020, 8:00 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:
Tom Warren / The Verge:
Cloud growth drives Microsoft Q1 with server products and cloud services revenue up 22% YoY, Azure up 48% YoY, and Office 365 Commercial revenue up 21% YoY  —  Microsoft continues to boost its revenue and profits during an economic downturn  —  Microsoft posted the first quarter …
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
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.
Tom Simonite / Wired:
A study of ~57,000 kidney disease patients in the Boston area finds that an algorithm used to decide priority for transplants was biased against Black patients  —  A formula for assessing the gravity of kidney disease is one of many that is adjusted for race.  The practice can exacerbate health disparities.
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 …
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
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 …
Ingrid Lunden / TechCrunch:
Amazon opens a dedicated website for Sweden at amazon.se  —  Amazon is the biggest online retailer in Europe, and today it took the next step in making that effort more localized.  The company has launched a dedicated portal for Sweden at Amazon.se — giving Swedish shoppers, third-party merchants …
More: EU About Amazon, Reuters, and PYMNTS.comTweets: @amazonnewseuThanks:@ingridlunden
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
Sarah Perez / TechCrunch:
TikTok partners with Shopify, letting merchants create TikTok ad campaigns for In-Feed video ads from the Shopify dashboard  —  TikTok is further investing in social commerce with today's announcement of a new global partnership with e-commerce platform Shopify.
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 …

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Chaim Gartenberg / The Verge:

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