Techmeme
October 27, 2021, 12:35 AM

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.
Kyle Orland / Ars Technica:
Amid harassment fallout, Blizzard says it will pause plans for next year's BlizzCon event to focus 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 …
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.
Jacob Kastrenakes / The Verge:
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:
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.
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 …
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 …
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 …
Jon Brodkin / Ars Technica:
FCC orders China Telecom Americas to stop providing services in the US within 60 days, says the US unit is subject to Chinese government control and influence  —  China Telecom Americas ordered to stop providing service in US within 60 days.  —  The Federal Communications Commission today voted …
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.
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 access 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 …
Ingrid Lunden / TechCrunch:
UserGems, whose AI-based data mapping tech helps companies identify prospective customers for B2B sales, raises a $20M Series A led by Craft Ventures  —  Finding a way to connect with people who might buy from you, while spending less time pursuing those who will never be interested …
More: FinSMEs

Sponsor Posts

Upwork:
Key Takeaways from Season 1 of Work Unlocked  —  Look at work in a whole new way with insights from Work Unlocked, a podcast featuring business leaders, future-of-work experts, and freelancers helping to drive innovation.
Zoho:
Introducing receipt autoscan for Free and Standard plans in Zoho Expense  —  We know just how annoying it can be for your employees to carry around stacks of receipts and spend time entering them one by one into a spreadsheet.
Climate Draft:
Join, advise, or invest in climate startups in 2022  —  We're mobilizing top tech talent to work with leading climate startups.  Sign up to be the first to know about future Climate Drafts and how you can participate.
Techmeme Leaderboards:
Find out who the top reporters are in 43 different tech categories  —  Who are the most influential writers on topics like AI, VR, IoT, or e-commerce?  We've analyzed Techmeme's news crawl data to find out.
Techmeme Ride Home:
(TWTR SPC) That Feeling When You Almost Buy The Constitution
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:35 AM ET, October 27, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Salvador Rodriguez / CNBC:
Cecilia Kang / New York Times:
Loren Grush / The Verge:

Earlier Picks

Ashley Carman / The Verge:
Wall Street Journal:
Issie Lapowsky / Protocol:
Financial Times: