Techmeme
October 26, 2021, 9:20 PM

Top News

Tom Warren / The Verge:
Microsoft reports overall gaming revenue of $3.6B in Q1, up 16% YoY, with hardware revenue up 166% YoY on continued demand for Xbox Series X and S consoles  —  Microsoft's overall cloud revenue has jumped by 31 percent  —  Microsoft posted the first quarter of its 2022 financial results today …
Steve Clarke / Microsoft:
Microsoft reports Q1 revenue of $45.3B, up 22% YoY, net income of $20.5B, up 48% YoY, Azure revenue up 50% YoY, and LinkedIn revenue up 42% YoY  —  REDMOND, Wash. — October 26, 2021 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2021 …
Alphabet:
Alphabet reports Q3 revenue of $65.1B, up 41% YoY, net income of $18.9B, up from $11.2B YoY, Google Cloud revenue of $5B, up from $3.4B YoY  —  MOUNTAIN VIEW, Calif. - October 26, 2021 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2021.
Washington Post:
Facebook documents show its News Feed algorithm treated emoji reactions as 5x more valuable than Likes starting in 2017, amplifying controversial content  —  Five years ago, Facebook gave its users five new ways to react to a post in their news feed beyond the iconic “like” thumbs-up: “love,” “haha,” “wow,” “sad” and “angry.”
Alex Kantrowitz / Big Technology:
Docs: Facebook tested turning off News Feed ranking for 0.05% of users in Feb. 2018 and found engagement dropped, Groups content rose, and ad views increased  —  New leaked Facebook documents show what happened when Facebook tried to remove feed ranking.  It didn't go well.
Casey Newton / Platformer:
Frances Haugen's documents have been useful to the press and groups opposing Facebook, but reporting should now expand to explore Haugen and her backers' goals  —  At the end of 2019, the group of Facebook employees charged with preventing harms on the network gathered to discuss the year ahead.
Steve Dent / Engadget:
Adobe announces Photoshop and Illustrator web apps to improve collaboration, make quick edits, and more  —  Adobe has announced that it's taken “a major step forward for collaboration” by bringing its Photoshop and Illustrator apps to the web.  The idea is not to do let you do complex work from a web page …
Mitchell Clark / The Verge:
Adobe announces Content Credentials for Photoshop, letting NFT sellers link their Adobe ID to authenticate the artwork using IPFS, coming soon in preview  —  Adobe is looking to fight NFT art theft with Content Credentials  —  Adobe is launching a system built into Photoshop that can …
Kyle Orland / Ars Technica:
Amid harassment fallout, Blizzard says it will pause plans for next year's BlizzCon event to focus its energy on supporting its teams and game development  —  Feb. show nixxed in favor of “supporting our teams and progressing development...”  —  Following an online-only BlizzCon earlier this year …
Makena Kelly / The Verge:
Biden names Jessica Rosenworcel to officially lead the FCC, nominates Gigi Sohn as third Democratic commissioner, but it's unclear if Senate will confirm soon  —  And progressive Gigi Sohn as a third Democratic commissioner  —  President Joe Biden named acting Federal Communications …
Dan Primack / Axios:
Sequoia Capital is forming the Sequoia Fund, which will hold all its US and European investments, including stakes in public companies  —  Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments …
Sarah Perez / TechCrunch:
In Senate hearing, TikTok dodges questions about its plans for biometric data collected from US users, after changing its terms of use to allow the practice  —  In its first-ever Congressional hearing, TikTok successfully dodged questions about what it plans to do with the biometric data …
Loren Grush / The Verge:
Verizon partners with Amazon to use its Kuiper satellite network for expanded global 4G and 5G coverage in rural and remote locations  —  They still have to launch the satellites first  —  Amazon's ambitious satellite venture, called Kuiper, is teaming up with Verizon to further expand 4G / LTE …
Issie Lapowsky / Protocol:
A look at the Integrity Institute, a think tank formed by two former Facebook employees that wants to bring together tech integrity workers studying tech misuse  —  Shortly before he left Facebook in October 2019, Jeff Allen published his last report as a data scientist for the company's integrity team …
Maggie Fitzgerald / CNBC:
Robinhood Q3: revenue of $365M, up 35% YoY but missing estimates of $431.5M due to less crypto trading, net loss of $1.32B, up from $11M YoY; stock down 8%+  —  Stock trading app Robinhood reported a huge revenue miss in the third quarter as cryptocurrency trading dropped off.
Financial Times:
Sources: Amazon signs a contract with GCHQ, MI5, and MI6 to host top-secret material in the UK; the deal is worth an estimated £500M-£1B over a decade  —  Cloud contract for GCHQ, MI5 and MI6 with US tech group aims to speed analysis but likely to ignite sovereignty fears
Ashley Carman / The Verge:
Internal presentation details Amazon's “Project Mic”, a live audio app that lets users host radio shows, complete with music, focused on the US initially  —  A new app is in the works  —  Amazon is next on the list of companies getting into the live audio game.
Tiernan Ray / ZDNet:
AMD Q3: revenue of $4.31B, up 54% YoY, Computing and Graphics revenue of $2.4B, up 44% YoY, Enterprise, Embedded and Semi-Custom revenue of $1.9B, up 69% YoY  —  AMD said enterprise use of EPYC was particularly strong in the quarter among Dell, Lenovo, Cisco and other system makers.
Manish Singh / TechCrunch:
Bangalore-based neobank Zolve, which aims to help immigrants in the US gain access to financial services, raises a $40M Series A at a $210M valuation  —  Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million …
Siddharth Venkataramakrishnan / Financial Times:
Stripe partners with Klarna to let retailers in the US, UK, and Europe more easily offer a buy now, pay later option  —  Tie-up will allow retailers easily to add option for customers to pay in instalments at checkouts  —  Online payments processor Stripe has entered a strategic partnership with …
Salvador Rodriguez / CNBC:
Twitter reports Q3 revenue of $1.28B, up 37% YoY, monetizable DAUs of 211M, up 13% YoY, and says impact of Apple's ATT was less than expected  —  - Twitter reported revenue growth of 37% in the third quarter to $1.284 billion.  — The company said Apple's privacy changes to iOS 14 had less of an impact than expected.

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