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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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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
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| 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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| 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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