Techmeme
October 29, 2020, 8:05 PM

Top News

Apple:
Apple reports Q4 revenue of $64.7B, up from $64.0B YoY, of which $50.1B came from products, $14.5B from services, and net income of $12.7B; stock down 3%+  —  Company revenue sets September quarter record Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Alphabet:
Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+  —  'MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.
Wesley Hilliard / AppleInsider:
Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter  —  Apple will launch the Apple One subscription bundle on October 30, with Fitness+ launching later in the quarter, according to Apple's CFO Luca Maestri.
Abner Li / 9to5Google:
Alphabet's “Other Bets”, which includes Waymo, Verily, Fiber, and others, had a Q3 operating loss of $1.1B, an increase from $941M YoY, on revenues of $178M  —  Alphabet today announced Q3 2020 earnings with $46.2 billion in revenue.  These numbers range from July to September …
More: AdExchanger and CNBC
Julia Alexander / The Verge:
Netflix increases pricing for standard plan by $1 to $14/month and premium tier by $2 to $18/month; basic plan will remain $9/month  —  The basic plan will remain $9 a month  —  Netflix is introducing price hikes for its US subscribers today, increasing its standard plan to $14 a month and its premium tier to $18 a month.
Amazon.com, Inc.:
Amazon reports Q3 revenue of $96.15B, net sales increase of 37% YoY, net income of $6.3B, up from $2.1B YoY, and AWS net sales of $11.6B, up 29% YoY  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.
Facebook:
Facebook Q3: $21.47B revenue, up 22% YoY, net income $7.85B, up 29% YoY, as DAUs rise 12% YoY to 1.82B, MAUs rise 12% YoY to 2.74B  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2020.  —  “We had a strong quarter as people and businesses continue …
Anne Steele / Wall Street Journal:
Spotify had total Q3 revenue of €1.97B, up 14% YoY, ARPU of €4.19, down 10% YoY, with 320M MAUs, up 29% YoY, and 144M paying subscribers, up 27% YoY  —  Listening time, revenue increased as use in cars and homes grew  —  Spotify Technology SA moved past a slump that hit early in the pandemic …
Christopher Bing / Reuters:
Cybersecurity experts say FBI is investigating Ryuk ransomware attacks on more than two dozen US hospitals, and officials warned hospitals to back up systems  —  WASHINGTON (Reuters) - The FBI is investigating the recent targeting with ransomware of more than two dozen hospitals across …
Dean Takahashi / VentureBeat:
Activision Blizzard reports Q3 net revenue of $1.95B, up 38% YoY, vs. estimated $1.7B; company plans to hire 2,000+ staff to meet production demands  —  Activision Blizzard reported earnings today that beat expectations.  Its Call of Duty franchise continued to outperform last year's results …
New York Times:
A look at startup culture wars happening around Coinbase, Expensify, and others as they become embroiled in a debate over the role of politics in the workplace  —  Coinbase, Expensify, Soylent, Clubhouse and others are embroiled in a culture war over politics and the workplace.
Scott Bauer / Associated Press:
Wisconsin Republican Party says hackers stole $2.3M from its federal account; party chairman says the FBI is investigating  —  MADISON, Wis. (AP) — Hackers have stolen $2.3 million from the Wisconsin Republican Party's account that was being used to help reelect President Donald Trump …
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