Techmeme
October 31, 2024, 4:10 AM

Top News

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.
Karissa Bell / Engadget:
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs  —  Threads has surged to reach “almost 275 million” people, Mark Zuckerberg said.  —  Last month at Meta Connect, Mark Zuckerberg said that Meta AI was …
Sarah E. Needleman / Wall Street Journal:
Mark Zuckerberg says the company's AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram  —  Meta META -0.25%decrease; red down pointing triangle Platforms on Wednesday reported record revenue despite slower digital advertising growth …
Jonathan Vanian / CNBC:
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 …
Ina Fried / Axios:
Antonio G. Di Benedetto / The Verge:
Apple's new MacBook Pro has M4 Pro or Max with 24GB+ RAM and Thunderbolt 5 for $1,999+ (14") or $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:
Andrew Webster / The Verge:
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles  —  This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning the last few decades …
New York Times:
Kraken lays off workers and names Arjun Sethi as co-CEO; sources say the cuts are to 15% of its workforce, or ~400 employees, and include its COO and CTO  —  The influential cryptocurrency exchange has undergone several reorganizations in recent years.  —  Kraken, one of the world's largest …
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
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.”
John O'Nolan:
John O'Nolan, CEO of open-source CMS Ghost, outlines the organization's governance structure and says the platform generates around $7.5M in annual revenue  —  Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
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 …

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