Techmeme
November 5, 2021, 4:00 PM

Top News

Mike Isaac / New York Times:
Sources: Meta has discussed opening retail stores globally to showcase devices made by its Reality Labs division, like VR headsets and, eventually, AR glasses  —  The social networking company has discussed opening physical stores to showcase its virtual reality and augmented reality devices.
Benjamin Mayo / 9to5Mac:
Report: Apple and TSMC plan to produce 3nm chips for Macs as soon as 2023, with as many as four dies and up to 40 CPU cores per chip  —  Apple is taking the PC world by storm with its first debut of Apple Silicon chips inside of Macs, taking what it learned from developing the iPhone and iPad …
Wall Street Journal:
Internal docs: a Facebook well-being team's survey found 12.5% of participants reported compulsive use of Facebook that negatively impacted their lives  —  The app hurts sleep, work, relationships or parenting for about 12.5% of users, who reported they felt Facebook was more of a problem than other social media
Balaji Srinivasan / @balajis:
Kurt Wagner / Bloomberg:
Square reports Q3 revenue of $3.84B, up 27% YoY but missing $4.51B estimates, bitcoin revenue of $1.81B, up 11% YoY, and gross payment volume of $45.4B, up 43%  —  - Overall third-quarter sales fall short of analysts' estimates  — Gross profit was up 43% from the same period a year earlier
Muhdan Saglam / Middle East Eye:
Turkish live streamers expose a fraud ring that used Twitch's Bit platform to launder ~$10M; Twitch says it has taken action against 150 users  —  Hundreds of streamers said to have taken 20 percent cut to help launder money stolen by hackers through credit cards
Katie Jennings / Forbes:
Papa, which connects elderly Americans with virtual and physical companions, raises a $150M Series D led by Vision Fund 2 at a $1.4B valuation  —  I am a staff writer covering healthcare.  Email me at kjennings@forbes.com.  —  Andrew Parker's grandfather needed help, but he didn't need a doctor.
Anna Pruchnicka / Reuters:
Polish e-commerce company Allegro to buy Czech online retailer Mall Group for about $1.02B  —  (Reuters) -Polish e-commerce group Allegro has agreed to buy Czech online retailer Mall Group for 881 million euros ($1.02 billion) to create a regional platform, sending its shares up as much as 11%.
More: PYMNTS.com
Takashi Mochizuki / Bloomberg:
Nintendo president says he doesn't “see a sign of the component shortages recovering” as the company cuts Switch sales target for FY 2021 from 25.5M to 24M  —  - Company upgrades operating profit outlook citing FX rates  — Sustaining sales momentum will depend heavily on OLED model
Paul Sawers / VentureBeat:
Reltio, an enterprise data management tool that unifies data from many sources to offer insights, raises $120M led by Brighton Park Capital at a $1.7B valuation  —  Reltio, a master data management (MDM) platform that helps enterprises unify data from myriad sources to unearth new insights …
More: Reltio

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