Techmeme
October 27, 2022, 11:00 PM

Top News

Washington Post:
Sources: Elon Musk takes over Twitter, and has fired 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.  —  SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …
Todd Spangler / Variety:
Bloomberg:
Sources: Elon Musk asked Tesla engineers to meet with Twitter product leaders to review code, which Twitter can no longer change until the deal closes  —  Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc. …
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
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  —  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.
Annie Palmer / CNBC:
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B, vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B  —  - Amazon reported third-quarter results on Thursday that missed analysts' estimates.  — It also gave a disappointing sales forecast for the fourth quarter.
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.
Sofia Pitt / CNBC:
Meta's stock closes down 24.56% at $97.94, its 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 …
Ari Levy / CNBC:
Alex Barinka / Bloomberg:
Jordan Novet / CNBC:
Intel reports Q3 revenue down 15% YoY to $15.34B, vs. $15.25B est., Datacenter and AI revenue down 27% YoY to $4.21B, and ~$10B in cost cutting over three years  —  - Intel plans up to $10 billion in cost reductions and efficiency improvements in the next three years.
Mary Jo Foley / ZDNet:
Joe Belfiore, who has been Microsoft's VP of Office Group for the past two years and with the company for 32 years, has announced his retirement  —  Joe Belfiore, who has been the Corporate Vice President of Microsoft's Office Group for the past two years and with the company in various roles for 32 years, has announced his retirement.
More: OnMSFT.com

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