Techmeme
October 26, 2021, 12:20 AM

Top News

Jacob Kastrenakes / The Verge:
Zuckerberg says he's redirected Facebook teams to serve young adults over older users, and that significant changes to Instagram will lean into video and Reels  —  Expect changes to Instagram to highlight Reels  —  Facebook CEO Mark Zuckerberg says he's redirected teams within his company to …
Salvador Rodriguez / CNBC:
Facebook misses on Q3 revenue, $29.01B vs $29.57B expected, and monthly active users, 2.91B vs 2.93B expected, but beat on EPS of $3.22 vs $3.19 expected  —  - Facebook's third-quarter earning report comes as the company faces an onslaught of stories related to its internal research.
Stephanie Condon / ZDNet:
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS  —  The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment
Facebook:
Facebook reports Q3 revenue up 35% YoY to $29.0B, profit of $9.2B, up 17% YoY, DAUs up 6% to 1.93B, headcount up 20% to 68,177, and ups share buybacks by $50B  —  Third Quarter 2021 Operational and Other Financial Highlights 1 Facebook daily active users (DAUs) - DAUs were 1.93 billion …
Janko Roettgers / Protocol:
Facebook plans to spend $10B+ on AR and VR this year, including metaverse apps and related hardware, and report FRL segment separately starting in Q4  —  Facebook expects to spend more than $10 billion on AR, VR and related hardware as well as the development of metaverse apps and services this year …
Washington Post:
Sources detail Zuckerberg's decisions to put growth over safety, like to ban anti-state posts in Vietnam and to halt a WhatsApp US voting info center in Spanish  —  Late last year, Mark Zuckerberg faced a choice: Comply with demands from Vietnam's ruling Communist Party to censor anti-government dissidents …
Mike Isaac / New York Times:
Steven Levy / Wired:
Associated Press:
Casey Newton / The Verge:
Clare Duffy / CNN:
Alex Heath / The Verge:
Internal documents show Facebook is struggling to attract US users under the age of 30, with US teenage users of the Facebook app declining by 13% since 2019  —  The world's largest social network is internally grappling with an existential crisis: an aging user base
Leah Nylen / Politico:
Alexandra S. Levine / Politico:
Bloomberg:
Andrei Frumusanu / AnandTech:
Apple M1 Pro and Max review: CPU and GPU improvements offer an unparalleled combination of raw performance, unique acceleration, and power efficiency  —  Last week, Apple had unveiled their new generation MacBook Pro laptop series, a new range of flagship devices that bring with them significant updates …
Nilay Patel / The Verge:
MacBook Pro (2021) hands-on: bringing back ports and removing the Touch Bar is welcome, mini-LED display looks great, and the 1080p webcam is an improvement  —  New chips, familiar ports, and actual volume buttons — it might be love  —  It's easy to be excited about the new MacBook Pros …
Jennifer Surane / Bloomberg:
Mastercard partners with Bakkt to let banks offer cryptocurrency rewards on credit and debit card purchases; Bakkt's stock closes at $30.60, up 234.43%  —  Mastercard Inc. is making it easier for banks to offer cryptocurrency rewards on their credit and debit cards as part of the payment network's recent embrace of digital currencies.
Sergiu Gatlan / BleepingComputer:
Microsoft says Russia-backed Nobelium, behind the 2020 SolarWinds hack, is still targeting the global IT supply chain with 14 providers breached since May 2021  —  Microsoft says the Russian-backed Nobelium threat group behind last year's SolarWinds hack is still targeting the global IT supply chain …
Chris Welch / The Verge:
AirPods (third-gen) review: less conspicuous design, IPX4 water resistance, and improved sound quality, but spatial audio is inconsistent and no ANC  —  The new regular AirPods get a lot right even before the gimmicky spatial audio part  —  For the first time since their introduction in 2016 …
Juli Clover / MacRumors:
Apple releases iOS 15.1 and iPadOS 15.1 with SharePlay, iPhone 13 ProRes video capture, a toggle for automatic macro mode, vaccine cards in Wallet, and more  —  Apple today released iOS and iPadOS 15.1, the first major updates to the iOS 15 operating system that was released …

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Ben Smith / New York Times: