Techmeme
October 25, 2021, 10:35 PM

Top News

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.
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 …
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
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 …
Jacob Kastrenakes / The Verge:
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
Alexandra S. Levine / Politico:
Internal documents show Facebook had no clear playbook for handling the dangerous content delegitimizing the US elections ahead of the January 6 riots  —  Facebook's rules left giant holes for U.S. election falsehoods to metastasize.  On the day of the Capitol riot, employees began pulling levers to try to stave off the peril.
Leah Nylen / Politico:
Bloomberg:
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 …
Associated Press:
Casey Newton / The Verge:
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 …
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 …
Steven Levy / Wired:
Ben Schoon / 9to5Google:
Pixel 6 Pro review: an impressive flagship with excellent cameras, all day battery, and charging speeds up to 30W, but fingerprint sensor is “not super quick”  —  2016 marked a major year for Google, with the launch of Assistant and its first self-made smartphone, the Google Pixel.
Sam Rutherford / Gizmodo:
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.
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 …

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