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October 27, 2022, 3:15 PM
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| Todd Spangler / Variety: |
Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter …
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The Verge, New York Times, TechCrunch, Gizmodo, Decrypt, CNBC, Reuters, Financial Times, San Francisco Business Journal, PCMag, CNN, The Hill, The Guardian, MobileSyrup, Politico, Livemint, The Economic Times, SlashGear, iPhone in Canada Blog, Newser, Associated Press, Fortune, Financial Times, PC Gamer, Quartz, Daring Fireball, Deadline, Bloomberg, Axios, iMore, WRAL TechWire, NPR, Mashable, and Washington Post
Tweets: @elonmusk, @theonion, @jamesfourm, @heydave7, @daveleeft, @manan, @sarthakgh, @silvermanjacob, @mmasnick, @jason_a_w, @tweetermeyer, @onelouderash, @profmjcleveland, @kept_simple, @dsilverman, @parismarx, @paldhous, @emmmacfarlane, @shannoncoulter, @parkermolloy, @mattzeitlin, @davidmackau, @cwarzel, @tomwarren, @pkafka, @hshaban, @toscamusk, and @ziyatong
| Wall Street Journal: |
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
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ZDNet, Engadget, The Verge, The Information, Insider, and Livemint
Tweets: @patrickcoffee, @jasonmillerindc, @nickstatt, @lwinthorpe, @anthony, @esqueer_, @esqueer_, and @kensweet
| Wall Street Journal: |
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| Edward Ludlow / Bloomberg: |
| Sofia Pitt / CNBC: |
Meta's stock plummets 22%+, opening at ~$100, the lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse — - The parent company of Facebook reported its second straight quarterly decline. — Meta's Reality Labs division …
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Bloomberg, Bloomberg, Financial Times, Financial Times, Gizmodo, San Francisco Business Journal, Wall Street Journal, New York Magazine, PC Gamer, Insider, Livemint, Reuters, CNBC, Sky News, MarketWatch, Reuters, KnowTechie, and Bloomberg
Tweets: @pwnallthethings, @zerohedge, @squawkstreet, @carnage4life, @lizannsonders, @shiraovide, @altcap, @mollywood, @lisaabramowicz1, @shortformernie, @thestalwart, @edbott, @jimcramer, @nikitabier, @stevekovach, @kantrowitz, @carlquintanilla, @alexandrosm, @elosolich, @lisaabramowicz1, @thebradsmith, @econompic, @adamsinger, @saylor, @wagatwe, @punchcardinvest, @mgeist, @swiftonsecurity, @richlightshed, @carlquintanilla, @acinvestorblog, @steventdennis, and @wilfredfrost
| Meta - Investor Relations: |
Meta reports 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, and headcount up 28% YoY — MENLO PARK, Calif. - October 26, 2022 - Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2022.
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Tweets: @snowden, @carlquintanilla, @bgurley, @munster_gene, @malwaretechblog, @munster_gene, @conorsen, @ryanlcooper, @sadlyitsbradley, @oneunderscore__, @alexhcranz, @gavinsbaker, @mgsiegler, @kalinh, @thetranscript_, @timothynoah1, @mikeinspace, @dansolomon, @business, @arty_burton, @markgongloff, @artemr, @sarthakgh, @thetranscript_, @thetranscript_, @antoniogm, @antoniogm, and @shiraovide
| Joe Rossignol / MacRumors: |
Following complaints from prominent developers, Apple says the company “paused ads related to gambling and a few other categories on App Store product pages” — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
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The Verge, The Verge, Insider, TechCrunch, Appuals.com, MobileSyrup, TechCircle, iPhone in Canada Blog, FOSS Patents, BGR, Engadget, The Information, and MediaNama
Tweets: @basicappleguy, @simonbs, @marcoarment, @viticci, @cabel, @rsgnl, @frederikriedel, @simonbs, @film_girl, @gruber, @johnvoorhees, @caseynewton, and @gartenberg
| The Verge: |
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.
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AppleInsider, Axios, Softpedia News, 9to5Mac, iDownloadBlog.com, and iMore
Tweets: @marcoarment, @arshapiro90, @matthew_d_green, @caseynewton, @lancescadden, and @arshapiro90
| Stephanie Condon / ZDNet: |
Google Cloud announces the Blockchain Node Engine, a fully managed service to help developers build and manage blockchain-based products, starting with Ethereum — Google Cloud on Thursday unveiled Blockchain Node Engine - a fully managed service for Web3 developers that wants to build …
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Cloud Blog, The Block, CoinDesk, Finbold, Cointelegraph, Decrypt, Bitcoinist.com, and Fortune. Tweets: @asvanevik
| Lauren Forristal / TechCrunch: |
Source: creators that use Snapchat's TikTok clone Spotlight will now be paid millions per year, down from millions per week in 2021 and $1M per day in 2020 — Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat's TikTok clone … | Mia Sato / The Verge: |
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XDA Developers, Pocket-lint, SlashGear, PetaPixel, and Engadget
Tweets: @arperelli, @jpmanga, @nmcalone, @arperelli, @arperelli, and @mattnavarra
| Sohee Kim / Bloomberg: |
Samsung Electronics formally names de facto leader Jay Y. Lee as executive chairman; his ascension was delayed by graft investigations and two stints in jail — Samsung Electronics Co. named Jay Y. Lee executive chairman of South Korea's largest company, finalizing a long-anticipated elevation … | Janko Roettgers / Protocol: |
Source: Google and Amazon struck a deal in recent months that lets Amazon work with manufacturers like TCL, which also makes Android TVs and phones, and Xiaomi — Last week, the Competition Commission of India published a damning report, alleging that Google was preventing major TV manufacturers … | The Wire: |
The Wire apologizes, saying technical evidence should have been independently verified and that “a member of our Meta investigation team” deceived the outlet — Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used … | David Gutman / The Seattle Times: |
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
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The Hill, Washington State, Associated Press, and Watcher Guru
Tweets: @elijsanders, @agowa, and @elijsanders
| Financial Times: |
Sources: TikTok plans to add a dedicated gaming tab to its app, announced as soon as November 2, featuring ad-supported mobile games and in-game purchases — Dedicated tab on platform's homepage is company's first venture beyond videos — TikTok is making a big push into gaming …
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Mashable, PYMNTS.com, Pocket-lint, Digital Trends, Android Headlines, and Gizchina. Tweets: @robforbesdj
| Nicole Wetsman / The Verge: |
YouTube opens a verification program for licensed health care professionals, adding panels to videos that mark them as reliable sources of health information — They'll also be able to have videos added to health content shelves, which compile information on specific medical conditions.| Chance Miller / 9to5Mac: |
iOS 16.1 and macOS Ventura fixed a bug that could let Bluetooth apps record keyboard dictation audio and Siri conversations without needing microphone access — Apple released iOS 16.1 and macOS Ventura to the public this week. In addition to headlining new features and changes, there are also essential security fixes as well.
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Rambo Codes, Security Affairs, TechRadar, BGR, The Hacker News, and BGR India
| Jules Roscoe / VICE: |
The NLRB files a complaint against Amazon CEO Andy Jassy for allegedly violating labor laws with union comments he made to CNBC and Bloomberg earlier in 2022 — Andy Jassy told CNBC that Amazon thinks employees would be “better off” without a union. A new NLRB complaint alleges that violated labor law.| Patrick Coffee / Wall Street Journal: |
NYC-based OpenWeb, which helps outlets target readers with ads and manage comments, raised a $170M Series F at a $1.5B valuation, up from $1B+ in November 2021 — The firm, now valued at $1.5 billion, plans to move further into ad sales and eventually go public, its CEO says| Nivedita Balu / Reuters: |
Shopify reports Q3 revenue up 22% YoY to $1.4B, vs. $1.34B est., a $45.1M loss, down from a $140.2M income YoY, and GMV up 11% YoY to $46.2B; stock jumps 15%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online …
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Shopify, The Information, Barron's Online, MarketWatch, CNBC, Bloomberg, and Stock Market Nerd
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