Techmeme
October 29, 2021, 7:35 AM

Top News

Mark Zuckerberg / About Facebook:
Mark Zuckerberg says Facebook the company is now Meta, to better encompass all of its products  —  We are at the beginning of the next chapter for the internet, and it's the next chapter for our company too.  —  In recent decades, technology has given people the power to connect and express ourselves more naturally.
More: Meta, YouTube, The Atlantic, Associated Press, cziscience.medium.com, The Economic Times, Decrypt, Washington Post, New York Times, Insider, The Guardian, The Guardian, Bloomberg, Techpoint Africa, WISH-TV, Firstpost Tech, Quartz, fossbytes.com, TechCabal, cryptonews.com, Financial Times, CNET, Tom's Guide, Silicon Canals, and Search Engine Journal
Alex Heath / The Verge:
Interview with Mark Zuckerberg on rebranding the company to Meta to avoid the awkwardness of sharing the name of its main app, building the metaverse, and more  —  The company wants to move past the ‘confusion and awkwardness’ of sharing a name with its main app
Ben Thompson / Stratechery:
Facebook's Meta renaming is a bet on the power of founder control, and is about a future that doesn't yet exist, but one that Zuckerberg believes needs to  —  The obvious analogy to Facebook's announcement that it is renaming itself Meta and re-organizing its financials to separate …
Andrew Bosworth:
Andrew Bosworth says Facebook Reality Labs will become Reality Labs, Oculus brand will shift to Meta for hardware and Oculus Quest app starting in early 2022  —  Well the cat's (officially) out of the bag: Our company is now Meta to better reflect who we are and our ambitions to help build the metaverse.
YouTube:
Video of Facebook Connect 2021, where VR updates, Project Cambria, and a new Meta brand name were announced  —  Tune in at 10:00am PT / 1:00pm ET on Thurs.  Oct. 28 when Facebook holds its annual Facebook Connect.  The company is expected to announce Oculus updates and o...
Dean Takahashi / VentureBeat:
Facebook unveils Horizon Home social VR spaces, Messenger VR calls, fitness VR, Quest for Business, including Work Accounts support on Quest 2, and more  —  this upcoming November 9-10.  Learn more about what comes next.  —  Facebook has turned its social media battleship toward the metaverse …
Apple:
Apple misses with Q4 revenue of $83.4B, up 29% YoY, vs $84.85B est., iPhone revenue of $38.87B, up 47% YoY, services revenue of $18.3B, up 25.6%; stock down 3%+  —  New September quarter record with revenue up 29 percent  —  Services and Mac revenue reach new all-time highs
Kif Leswing / CNBC:
Apple reports Q4 Mac revenue of $9.18B, up 1.6% YoY, and iPad revenue of $8.25B, up 21.4% YoY, and says supply chain issues cost the company ~$6B in the quarter  —  - Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed …
Mark Gurman / Bloomberg:
The Facebook View app on iOS contains an image of a potential Meta smartwatch, which has a front-facing camera, rounded screen, and a detachable wrist strap  —  - Device has front-facing camera, possibly for videoconferencing  — Image of watch is found inside of Facebook View iPhone app
About Amazon:
Amazon misses with Q3 revenue of $110.8B, up 15% YoY, vs $111.6B est., net income of $3.2B, down from $6.3B YoY, AWS net sales of $16.1B, up 39%; stock down 4%+  —  SEATTLE—(BUSINESS WIRE)— Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2021.
Catalin Cimpanu / The Record:
Europol says it has detained 12 suspects that were orchestrating ransomware attacks that hit 1,800+ victims across 71 countries since 2019  —  - Twelve members of a ransomware group were detained this week in Ukraine and Switzerland, Europol said.  — Suspects are believed to have orchestrated …
Source: Europol.  More: BleepingComputer, ZDNet, Politico, and Forbes
Reuters:
Meme-based coin Shiba Inu rose about 160% this week, briefly surpassing dogecoin to become the eighth biggest cryptocurrency by market cap  —  Dogecoin, watch out!  —  Meme-based cryptocurrency Shiba Inu soared more than 45% over the last 24 hours, muscling its way into the top 10 largest digital tokens by market capitalization.

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Earlier Picks

Alexander Osipovich / Wall Street Journal:
Joe Rossignol / MacRumors: