Techmeme
October 28, 2022, 11:20 AM

Top News

Washington Post:
Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde  —  Musk's $44 billion deal to acquire the social media company closed on Thursday night  — Elon Musk became Twitter's owner late Thursday …
More: Wall Street Journal, Reuters, TechCrunch, Bloomberg, The Atlantic, New York Times, The Verge, Reuters, Bloomberg, Reuters, Thurrott, Bloomberg, Insider, CNN, Bloomberg, Decrypt, The Irish Times, New York Times, CNN, Axios, Fortune, Washington Post, Metaverse Post, Axios, CoinDesk, The Economic Times, BuzzFeed News, Android Central, SlashGear, CNBC, The Addition, Insider, CoinGape, BBC, USA Today, CNBC, TheGamer, TechCrunch, MacRumors, Financial Times, Huawei Central, Wired UK, Wired, Insider, Neowin, New York Post, Politico, Marketing Dive, Tech.co, New York Times, Watcher Guru, Coinspeaker, Protos, Platformer, Mashable, Bitcoinist.com, Firstpost Tech, Pocket-lint, CryptoPotato, BGR India, Livemint, Silicon Republic, International Business Times, Broadband TV News, Search Engine Journal, TheStreet, and Ethereum World News
Nilay Patel / The Verge:
“Welcome to hell, Elon”: Musk won't be able to grow Twitter users and revenue without compromises and realizing that content moderation is the main product  —  You break it, you buy it. … Twitter is a disaster clown car company that is successful despite itself …
Bloomberg:
Source: Elon Musk plans to become Twitter CEO, but may cede the role, and reverse lifetime bans, including eventually for Donald Trump  —  Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm …
Kate Conger / New York Times:
Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving to cash-based employee compensation  —  The social media company went public in 2013.  But Elon Musk is taking it private as part of his acquisition of the firm.
Anders Melin / Bloomberg:
Bloomberg:
Todd Spangler / Variety:
Edward Ludlow / Bloomberg:
Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B; stock is up 6%+  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 9.67% YoY to $42.63B, iPad down 13.06% YoY to $7.17B, Other Products up 9.85% YoY to $9.65B, and Services up 4.98% YoY to $19.19B  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Michael Potuck / 9to5Mac:
Apple says it has awarded researchers ~$20M total, including 20 rewards of $100K+ each for high-impact issues, since opening its bug bounty in December 2019  —  Along with announcing its new Lockdown Mode feature this past summer, the company mentioned an upgraded bounty program, a donation to fund ethical security research, and more.
Ari Levy / CNBC:
Meta, which hit a $1T market cap in June 2021, is no longer among the 20 most valuable US companies, after losing $730B+ in value since its September 2021 peak  —  - Last year, Facebook was among the five most valuable U.S. companies, with a market cap over $1 trillion.  Now the company is worth about $270 billion.
Sarah Perez / TechCrunch:
Responding to user feedback, YouTube splits video content into three tabs on channel pages: Videos, Shorts, and Live  —  YouTube is rolling out a change impacting how videos appear on its platform.  The company today announced a redesign that now splits video content into three different tabs …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Automate your scheduling workflows with Zoho Calendar  —  Your calendar can do more than schedule meetings Creating a calendar event takes only a few seconds.  But scheduling is rarely just about creating the event.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Invest Like the Best:
Gabe Stengel - Building Investing Superintelligence
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
Inside the AI Startup Making Customer Support 65% Cheaper
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
90 minutes of unfiltered product advice from Snap and Discord's product chief | Peter Sellis
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
AI Doom Backlash Arrives, Anthropic & OpenAI IPO Outlook, Frontier Business Momentum Slows
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
AI Wants to Shop for You. What Could Go Wrong?
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Baseten's CEO on why every company will want to own its AI
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:20 AM ET, October 28, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks