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Techmeme
October 31, 2024, 1:15 AM
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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:
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost ~$58B since 2020
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:
Microsoft says its AI business is on track to surpass an annual revenue run rate of $10B in Q2, its fastest product category ever to reach that milestone
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:
Apple says the MacBook Air with M2 or M3 chips will now come with 16GB of RAM as standard, up from 8GB, and leaves the pricing unchanged at $999+
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:
Kraken lays off workers and names Arjun Sethi as co-CEO; sources say the cuts amount to 15% of its workforce, or ~400 employees, including the COO and the CTO  —  The influential cryptocurrency exchange has undergone several reorganizations in recent years.
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
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 …
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.
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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This is a Techmeme archive page. It shows how the site appeared at 1:15 AM ET, October 31, 2024.

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From Mediagazer

Jem Bartholomew / Columbia Journalism Review:
How right-wing forces struck a coordinated blow to the BBC using a single incautious Panorama edit, after years of attacks by UK conservatives on the BBC

David Folkenflik / NPR:
CPB agrees to fulfill a $36M, multi-year contract with NPR, resolving litigation filed by NPR accusing CPB of illegally yielding to Trump's demands

Wall Street Journal:
Filing: Sinclair built an ~8% stake in E.W. Scripps and is vying to acquire the local TV broadcaster; Scripps has a market value of ~$270M and Sinclair $1.1B

More News

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

Earlier Picks

Thomas Ricker / The Verge:
Starlink Mini review: super compact and light, can be powered by a small power bank, installs quickly at new locations, but Wi-Fi range is sometimes a concern
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
Rebekah Valentine / IGN:
Ubisoft quietly debuted its first blockchain game, Champions Tactics: Grimoria Chronicles, for free on PC last week; in-game figurines are listed for $7 to $63K
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
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
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