Techmeme
October 26, 2022, 2:30 PM

Top News

Joe Rossignol / MacRumors:
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to stop them  —  Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
Berber Jin / Wall Street Journal:
Sources: a16z's flagship crypto fund lost ~40% of its value in H1 2022, above the 10%-20% losses at rival funds; a16z has dramatically slowed crypto investments  —  Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’  —  Crypto Crashed, Coinbase's Stock Followed: What Went Wrong
Wayne Ma / The Information:
Source: Apple is working on an iPad with a 16-inch screen that the company hopes to release in Q4 2023  —  Apple is developing its largest iPad yet, a model with a 16-inch screen that it hopes to release in the fourth quarter of next year, according to a person familiar with the project.
Alex Heath / The Verge:
Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules  —  The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
Alphabet:
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+  —  MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. today announced financial results for the quarter ended September 30, 2022.
Jon Swartz / MarketWatch:
Todd Spangler / Variety:
Anne Steele / Wall Street Journal:
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011  —  Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million
Aaron Tilley / Wall Street Journal:
A look at HoloLens' development, as Microsoft spurned an early lead in AR to cede ground to Meta and others; one executive blames a lack of money and people  —  Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’
Reuters:
SK Hynix warns memory chip demand faces an “unprecedented deterioration” and reports Q3 2022 operating profit fell 60% YoY to ~$1.16B amid soaring inflation  —  South Korea's SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand …
Clare Duffy / CNN:
LinkedIn starts letting users verify their profile with a work email address or phone number and plans to alert users if a message they receive seems suspicious  —  Here's how Elon Musk calculated the number of bots on Twitter  —  Robot artist Ai-Da reset while speaking to UK politicians
Frederic Lardinois / TechCrunch:
Microsoft says GitHub has a $1B ARR and 90M+ active users, up from a reported $200M to $300M in ARR and 28M active users when Microsoft acquired GitHub in 2018  —  As part of its earnings call, Microsoft today announced a number of new data points for GitHub, the massively popular code repository service …
Microsoft:
Tom Warren / The Verge:

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