Techmeme
October 30, 2024, 7:05 PM

Top News

Microsoft:
Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B  —  Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …
Antonio G. Di Benedetto / The Verge:
Apple's new MacBook Pro features M4 Pro/Max with 24GB+ RAM, Thunderbolt 5 for $1,999+ (14") and $2,499+ (16"), or M4 with 16GB+ RAM for $1,599+, shipping Nov. 8  —  Apple is updating the MacBook Pro and introducing some even more powerful chips.  Announced this morning via a low-key press release …
Hartley Charlton / MacRumors:
Apple unveils the M4 Max: up to a 16-core CPU for up to 2.2x speeds over the M1 Max, up to a 40-core GPU, up to 128GB of memory, Thunderbolt 5 support, and more  —  Apple today announced the M4 Max chip alongside new MacBook Pro models—its most advanced and powerful Apple silicon chip to date.
Devindra Hardawar / Engadget:
Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Jonathan Vanian / CNBC:
Karissa Bell / Engadget:
Rohan Goswami / CNBC:
Super Micro's stock drops 30%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence  —  Super Micro's shares plunged 33% on Wednesday after the company disclosed its auditor had resigned following months …
Kyle Wiggers / TechCrunch:
Dropbox is laying off 528 employees, or 20% of its workforce, in what CEO Drew Houston says is a “transitional period”; filing: the layoffs cost $63M to $68M  —  Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a “transitional period.”
Tanaya Macheel / CNBC:
Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
Andrew Webster / The Verge:
Nintendo announces Nintendo Music, an app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles, available on Android and iOS  —  This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning …
New York Times:
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors  —  Mr. Singh, who was a top executive in Sam Bankman-Fried's business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.
Paige Smith / Bloomberg:
Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card  —  - Access to crypto used to be challenging but is becoming easier … Coinbase already has millions of connections …
Jason Schreier / Bloomberg:
PlayStation closes Firewalk Studios, which debuted shooter game Concord in August 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs  —  The company will also close the mobile game studio Neon Koi, which hasn't released a game, according to a blog post from Sony on Tuesday.
Arasu Kannagi Basil / Reuters:
Robinhood reports Q3 revenue up 36% YoY to $637M, vs. $657.9M est., and crypto transaction revenue up 165% to $61M; HOOD drops 8%+ after hours  —  Brokerage Robinhood (HOOD.O) reported a third-quarter profit on Wednesday, driven by robust equities and crypto trading volumes.
Washington Post:
Sources: in August, Andy Jassy called Donald Trump to outline Amazon's plans, and Trump said Amazon should cut him a large check for his presidential efforts  —  Executives at companies founded by the billionaire Post owner have sought contact with Trump.  He argues he didn't end presidential endorsements out of self-interest.
The GitHub Blog:
Contributions to generative AI projects on GitHub grew 59% YoY from October 2023 to September 2024 and Python overtook JavaScript as the most popular language  —  In this year's Octoverse report, we study how public and open source activity on GitHub shows how AI is expanding as the global developer community surges in size.
Niket Nishant / Reuters:
Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024  —  Global Payments (GPN.N) will sell its medical software business, AdvancedMD, to investment firm Francisco Partners for $1.13 billion …
Jasper Ward / Reuters:
Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election  —  WASHINGTON, Oct 29 (Reuters) - (This Oct. 29 story has been corrected to reflect quotes from the CISA spokesperson in paragraph 6)

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Zoho:
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