Techmeme
October 30, 2025, 7:50 AM

Top News

Meta:
Meta reports Q3 revenue up 26% YoY to $51.2B, vs. $49.4B est., net income down 83% YoY to $2.7B, and family DAP up 8% to 3.54B for September; META drops 8%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025.
Jonathan Vanian / CNBC:
Jaspreet Singh / Reuters:
Mackenzie Hawkins / Bloomberg:
President Trump says he and Xi Jinping discussed Nvidia and other chipmakers' access to China, and that they didn't discuss approving sales of Blackwell chips  —  US President Donald Trump said he didn't discuss approving sales of Nvidia Corp.'s Blackwell chips to China with his counterpart Xi Jinping …
New York Times:
Keith Bradsher / New York Times:
Alphabet:
Jennifer Elias / CNBC:
Reuters:
Sources: OpenAI is preparing for a US IPO that could value it at ~$1T and has explored raising $60B+, filing as soon as H2 2026, and listing in 2027  —  OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion …
Microsoft:
Microsoft reports Q1 revenue up 18% YoY to $77.7B, vs. $75.3B est., net income up 12% YoY to $27.7B, and More Personal Computing revenue up 4% YoY to $13.8B  —  Microsoft Cloud and AI Strength Drives First Quarter Results REDMOND, Wash. — October 29, 2025 — Microsoft Corp. today announced …
Ashley Capoot / CNBC:
Dylan Butts / CNBC:
Samsung reports Q3 revenue up 8.85% YoY to ~$60.5B, vs. ~$60.4B est., and operating profit up 32.9% YoY to ~$8.57B, vs. ~$7.9B est., more than doubling from Q2  —  Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter …
Jonathan Vanian / CNBC:
Microsoft says an issue that impacted a subset of Microsoft 365 and Azure services for several hours on October 29 has now been mitigated  —  Microsoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the company's scheduled earnings release.
Adamya Sharma / Android Authority:
Google updates Play Store policy in the US to let developers link to external app stores and payment options, following the Epic v. Google injunction  —  Android users in the US are finally getting real app store freedom.  —  •  —  TL;DR  — Google is opening up the Play Store in the US …
Cursor:
Cursor launches Cursor 2.0, with its first coding model, Composer, that it says is 4x faster than similar models, and a multi-agent interface  —  Today, we're releasing two big updates that make Cursor the best place to work with agents: our first coding model, Composer, and a new interface for working with many agents in parallel.
Financial Times:
Greg Otto / CyberScoop:
A former L3Harris executive pleads guilty in a US district court to selling eight zero-day exploits to a Russian broker in exchange for millions of dollars  —  An ex-L3 Harris executive pleaded guilty to two counts of theft of trade secrets Wednesday, admitting to selling eight zero-day exploits …
Alex Heath / Sources:
Sources: YouTube reorganizes its leadership team, with three product teams reporting to CEO Neal Mohan, and announces a “voluntary exit program” for US staff  —  Neal Mohan's internal memo about YouTube's “next frontier” and opt-in layoffs.  —  ∙ Paid
Fortune:
Sources: Mastercard is in late-stage talks to acquire crypto and stablecoin infrastructure startup Zerohash for between $1.5B and $2B  —  Mastercard's stock has moved in response to reports of stablecoin interest from banks and large merchants like Amazon and Walmart.
Lucinda Shen / Axios:
Sources: Consensys, maker of crypto wallet MetaMask, plans to go public, with JPMorgan and Goldman Sachs leading its IPO; Consensys was valued at $7B in 2022  —  Crypto company Consensys has picked JPMorgan and Goldman Sachs to lead its IPO, Axios Pro has learned.
Abner Li / 9to5Google:
Google starts rolling out the Gemini for Home voice assistant in early access in the US, on Nest devices set to English  —  Google is beginning to roll out the Gemini for Home voice assistant in the US for devices set to English on all Nest speakers and displays from the past decade.

Sponsor Posts

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Zoho:
Zoho Books Launches CT600 & Final Accounts Filing for Micro-Entities in the UK  —  Tax compliance is the fulcrum of accounting and Zoho Books has come a long way in helping different business structures in the UK stay compliant with their tax obligations.
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

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Big Technology Podcast:
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Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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Earlier Picks

Katherine Sayre / Wall Street Journal:
Pooja Rajkumari / TheStreet:
Sara Fischer / Axios: