Techmeme
October 30, 2025, 9:40 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 12%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025.
Jonathan Vanian / CNBC:
Jaspreet Singh / Reuters:
Alphabet:
Jennifer Elias / CNBC:
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 …
Keith Bradsher / New York Times:
New York Times:
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 …
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 …
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.
Financial Times:
Google, Meta, and Microsoft collectively spent nearly $80B on AI infrastructure in Q3, dividing the market on whether they can translate huge capex into income  —  Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income
Wall Street Journal:
Sources detail how Binance boosted the Trump family's World Liberty Financial by facilitating a $2B purchase of USD1 and building its tech ahead of CZ's pardon  —  Giant crypto exchange facilitated $2 billion purchase of World Liberty's stablecoin and built its technology; clemency for Changpeng Zhao surprised some in administration
Katherine Sayre / Wall Street Journal:
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
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.
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.
Financial Times:
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.

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