Techmeme
October 29, 2020, 5:30 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 …
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.
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 $1.10B, stock up 4%+  —  'MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.
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 …
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 …
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 …
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.
Tom Warren / The Verge:
Microsoft adds live custom data types to Excel, letting users import their data, a feature currently available to Office beta testers in the Insiders program  —  Excel now goes far beyond text and numbers  —  Microsoft is overhauling Excel with the ability to support custom live data types.
Financial Times:
Taiwanese contract chipmaker UMC fined $60M after pleading guilty to DOJ charges of stealing trade secrets from US chipmaker Micron  —  Chipmaker fined $60m and agrees to co-operate in case against China's Fujian Jinhua  —  Taiwanese contract chipmaker United Microelectronics Corporation …
Lauren Feiner / CNBC:
Twitter beats with Q3 revenue of $936M, up 14% YoY, vs $777M est., ad revenue of $808M, up 15% YoY, but mDAUs of 187M, up 29% YoY, vs.196M est.; stock down 11%+  —  - Twitter reported earnings for its third quarter of 2020 on Thursday that beat analyst estimates on the top and bottom lines.
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 …
YouTube:
Zeynep Tufekci / Insight:
Casey Newton / Platformer:
New York Times:
A look at “perception hacks”, small attacks that can undermine confidence if exaggerated, and other scenarios that election officials are keeping an eye on  —  In the final days of voting, election officials and cybersecurity experts are keeping a close eye on a range …

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