Techmeme
October 26, 2022, 4:40 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 turn them off  —  Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
Edward Ludlow / Bloomberg:
Elon Musk changes his Twitter bio to Chief Twit and visits the company's San Francisco office; memo to employees: “you'll all hear directly from him on Friday”  —  Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday, posting a video clip of himself walking …
Berber Jin / Wall Street Journal:
Sources: a16z's flagship crypto fund is down ~40% in H1 2022, above the 10%-20% losses at rival funds; a16z dramatically slowed its crypto investments in 2022  —  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
Nelson Wang / CoinDesk:
Meta's Reality Labs division posts a $3.67B loss for Q3 2022 on $285M in revenue vs. $406M est., up from its Q2 2022 loss of $2.81B on $452M in revenue  —  Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.
Meta - Investor Relations:
Meta Q3: revenue down 4% YoY to $27.7B, net income down 52% YoY to $4.4B, family daily active people up 4% YoY to 2.93B, headcount up 28% YoY; stock drops 10%+  —  MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
Reuters:
Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated  —  Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves …
More: TechCrunch
Wayne Ma / The Information:
Source: Apple is working on an iPad with a 16-inch screen, the largest iPad yet and in line with the company's largest laptop, and is planning a Q4 2023 release  —  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 …
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 …
Alex Heath / The Verge:
Lauren Hirsch / New York Times:
A profile of Delaware Chancery Court judge Kathaleen McCormick, who is overseeing the Elon Musk-Twitter lawsuit and set an October 28 deadline to close the deal  —  Kathaleen St. J. McCormick, the chief judge of Delaware's Chancery Court, gave Mr. Musk until Friday to acquire Twitter.
Aaron Tilley / Wall Street Journal:
A look at HoloLens' development, as Microsoft ceded its early lead in AR to Meta and others; one executive blames a lack of money and people behind the effort  —  Problems plagued development of its HoloLens augmented reality headset; ‘we had the opportunity to own this market’
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
Ashley Capoot / CNBC:
Mobileye's stock pops 37.95% on its first day of trading after spinning out from Intel  —  - Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public.  — Intel bought the Israeli company for $15.3 billion in 2017 …
More: Reuters, CRN, and Fortune
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 …
Jon Swartz / MarketWatch:
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY  —  Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years

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