Techmeme
October 26, 2022, 2:45 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 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
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 …
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 …
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, since the pandemic began, masked by an overall growth in DAUs  —  “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Microsoft:
Microsoft reports Q1 revenue up 11% YoY to $50.1B, net income down 14% YoY to $17.6B, Office Commercial revenue up 7% YoY, LinkedIn up 17% YoY; stock drops 5%+  —  REDMOND, Wash. — October 25, 2022 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
Frederic Lardinois / TechCrunch:
Tom Warren / 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.
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
Alphabet:
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 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’
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 …

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