Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal chief, as SEC chair replacing Gary Gensler
Reuters: Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal...
Detroit plans to accept crypto for tax and fee payments starting mid-2025 through a PayPal-managed platform, becoming the largest US city to do so
Sebastian Sinclair / Decrypt: Detroit plans to accept crypto, including BTC and ETH, for tax and...
A US judge dismisses Ethan Zuckerman's lawsuit against Meta; Zuckerman sought to stop Meta from suing him over a tool to let users unfollow everyone on Facebook
David McCabe / New York Times: A US judge dismisses Ethan Zuckerman's lawsuit against Meta; Zuckerman...
Yelp agrees to buy RepairPal, a site for car repair estimates, for $80M in cash, with the deal expected to close by the end of 2024; RepairPal had raised $21.3M
Kyle Wiggers / TechCrunch: Yelp agrees to buy RepairPal, a site for car repair estimates, for...
Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI model Ernie next week, launching as soon as early 2025 for under $299
Bloomberg: Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI...
Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on bitcoin mining and its crypto wallet
Aoyon Ashraf / CoinDesk: Block says it is investing less in music streaming app Tidal and...
A US judge dismisses a copyright lawsuit by Raw Story and AlterNet against OpenAI over AI training, for now, saying the outlets couldn't show enough harm
Blake Brittain / Reuters: A US judge dismisses a copyright lawsuit by Raw Story and AlterNet...
Source: Amazon is discussing a second multibillion-dollar investment in Anthropic, but wants Anthropic to use a large number of servers powered by Amazon chips
Anissa Gardizy / The Information: Source: Amazon is discussing a second multibillion-dollar investment in Anthropic, but...
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages
Sarah Perez / TechCrunch: TikTok launches Share to TikTok, which lets users directly share music from...
AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD
Ari Levy / CNBC: AppLovin shares close up 46% after the company reported Q3 revenue up...
Toast reports Q3 revenue up 26% YoY to $1.305B, vs. $1.292B est., and annualized run rate up 28% YoY to $1.6B, vs. $1.5B est.; TOST jumps 15%+ after hours
Ciara Linnane / MarketWatch: Toast reports Q3 revenue up 26% YoY to $1.305B, vs. $1.292B est.,...
Cloudflare reports Q3 revenue up 28% YoY to $430.1M, vs. $424.1M estimated, and forecasts Q4 revenue below estimates; NET drops 7%+ after hours
Arsheeya Bajwa / Reuters: Cloudflare reports Q3 revenue up 28% YoY to $430.1M, vs. $424.1M estimated,...
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours
MacKenzie Sigalos / CNBC: Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est.,...
iVerify founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign
Thomas Brewster / Forbes: iVerify founder says the FBI is investigating whether China used its access...
Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours
Jonathan Vanian / CNBC: Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est.,...
The US SEC's crypto-related enforcement is slated for a major rollback under President Trump, who has pledged to fire Gary Gensler on the first day in office
Bloomberg: The US SEC's crypto-related enforcement is slated for a major rollback under President Trump, who...
Truecaller co-founders Alan Mamedi and Nami Zarringhalam plan to hand over day-to-day company operations to product chief Rishit Jhunjhunwala in January 2025
Manish Singh / TechCrunch: Truecaller co-founders Alan Mamedi and Nami Zarringhalam plan to hand over day-to-day...
Qualcomm and Arm's earnings results show the smartphone industry making an uneven comeback, with both companies seeing a stronger demand for high-end models
Ian King / Bloomberg: Qualcomm and Arm's earnings results show the smartphone industry making an uneven...
Roblox plans to stop kids under 13 from accessing experiences with “certain types of interactive features”, including “social hangouts”, starting November 18
Jay Peters / The Verge: Roblox plans to stop kids under 13 from accessing experiences with...
Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories
Mackenzie Hawkins / Bloomberg: Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars...
CRM software maker Freshworks plans to cut 13% of its workforce, or 660 employees, after reporting Q3 revenue up 22% YoY to $186.6M, vs. $181.6M average est.
Jaspreet Singh / Reuters: CRM software maker Freshworks plans to cut 13% of its workforce, or...
Perplexity's US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context
Maxwell Zeff / TechCrunch: Perplexity's US election hub offered helpful, real-time election insights and maps on...
Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent
Maani Truu / ABC: Australia plans to introduce legislation that would ban children under 16 from...
Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B est., net revenue up 4% to $1.35B, and sells its Private Division label to an unnamed buyer
Zaheer Kachwala / Reuters: Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B...
Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its first quarterly sales drop since going public in 2021, and 4.3M total paying users
Priyanka.G / Reuters: Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its...
JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add on-chain foreign exchange capabilities as early as Q1 2025, starting with USD and EUR
Krisztian Sandor / CoinDesk: JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add...
CrowdStrike agrees to acquire Tel Aviv-based Adaptive Shield, which offers cloud security for SaaS apps; sources say CrowdStrike will pay ~$300M for the company
Meir Orbach / CTech: CrowdStrike agrees to acquire Tel Aviv-based Adaptive Shield, which offers cloud security...
Canada orders TikTok's business in the country to be dissolved, citing national security risks, and says it's not blocking Canadians' access to the app
Ismail Shakil / Reuters: Canada orders TikTok's business in the country to be dissolved, citing national...
Match Group reports Q3 revenue up 2% YoY to $895M, vs. $900.9M est., paying users down 3% to 15.2M, forecasts Q4 revenue below est.; MTCH drops 12%+ after hours
Jaspreet Singh / Reuters: Match Group reports Q3 revenue up 2% YoY to $895M, vs. $900.9M...
Lyft reports Q3 revenue up 32% YoY to $1.52B, vs. $1.44B est, gross bookings up 16% to $4.1B, forecasts Q4 gross bookings above est.; LYFT jumps 20% after hours
Akash Sriram / Reuters: Lyft reports Q3 revenue up 32% YoY to $1.52B, vs. $1.44B est,...
Perplexity CEO Aravind Srinivas says his offer to help NYT was “to provide technical infra support” and “not to replace journalists or engineers” after pushback
Devin Coldewey / TechCrunch: Perplexity CEO Aravind Srinivas says his offer to help NYT was “to...
Google, Temasek, and Bain: online spending in Southeast Asia will reach $263B in 2024, up 15% YoY, the lowest growth rate since at least 2017, amid inflation
Olivia Poh / Bloomberg: Google, Temasek, and Bain: online spending in Southeast Asia will reach $263B...
Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and July of up to 165 Snowflake customers including AT&T
Bloomberg: Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and...
Caitlin Kalinowski, who served as Meta's head of AR glasses from March 2022 to July 2024 and oversaw Orion, joins OpenAI to lead robotics and consumer hardware
Maxwell Zeff / TechCrunch: Caitlin Kalinowski, who served as Meta's head of AR glasses from March...
Meta is extending its ban on new political ads past Election Day in the US, “until later this week”
Jonathan Vanian / CNBC: Meta is extending its ban on new political ads past Election Day...
Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar
Hannah Lang / Reuters: Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin...
Sources: OpenAI is in early talks with the California AG's office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG
Bloomberg: Sources: OpenAI is in early talks with the California AG's office to become a for-profit...
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market
Mark Gurman / Bloomberg: Sources: Apple is exploring a push into smart glasses by conducting an...
Source: Meta informed ad partners that it will extend its ban on new election ads for the week leading up to the election until several days after polls close
Sara Fischer / Axios: Source: Meta informed ad partners that it will extend its ban on...
A judge denies Philadelphia DA's emergency injunction request aiming to bring a halt to the $1M/day giveaway by Elon Musk's America PAC ahead of the US election
NBC News: A judge denies Philadelphia DA's emergency injunction request aiming to bring a halt to...
Sources: ByteDance's international revenue grew 60%+ YoY to about $17B in H1 2024, and overall revenue grew 35% to about $73B, after growing 40% in H1 2023
The Information: Sources: ByteDance's international revenue grew 60%+ YoY to about $17B in H1 2024, and...
Amazon unveils X-Ray Recaps on Prime Video, an AI feature that generates “spoiler-free and concise summaries” of TV shows, in beta to Fire TV users in the US
Todd Spangler / Variety: Amazon unveils X-Ray Recaps on Prime Video, an AI feature that generates...
T-Mobile to use OpenAI tech for a customer service bot slated for next year that can refer to customer-specific data, and will pay OpenAI $100M over three years
Aaron Holmes / The Information: T-Mobile to use OpenAI tech for a customer service bot slated...
Palantir reports Q3 revenue up 30% YoY to $725.5M, vs. $701.1M est., and raises 2024 revenue forecast again on robust AI adoption; PLTR jumps 11%+ after hours
Arsheeya Bajwa / Reuters: Palantir reports Q3 revenue up 30% YoY to $725.5M, vs. $701.1M est.,...
ChatGPT Search is impressive in some ways, but it's unreliable for short queries containing just a few words, meaning it's far from being a “Google killer”
Maxwell Zeff / TechCrunch: ChatGPT Search is impressive in some ways, but it's unreliable for short...
A single grant of $123M has been finalized from $33B+ announced so far under the US CHIPS Act, which is facing criticism on both sides of the political aisle
Politico: A single grant of $123M has been finalized from $33B+ announced so far under the...
Google Cloud Q3 revenue grew 35% YoY to $11.35B with a 17% operating margin, outpacing AWS' 19% YoY revenue growth to $27.45B with a 38% operating margin
Jordan Novet / CNBC: Google Cloud Q3 revenue grew 35% YoY to $11.35B with a 17%...
Experts say Tesla's imitation learning-based approach to building fully autonomous driving systems needs AI breakthroughs that may not be achieved for some time
Christopher Mims / Wall Street Journal: Experts say Tesla's imitation learning-based approach to building fully autonomous...
Spot AI, which helps companies analyze security camera footage, raised $31M and unveiled Video AI Agents that can detect and trigger responses to safety issues
Maria Deutscher / SiliconANGLE: Spot AI, which helps companies analyze security camera footage, raised $31M and...
Interviews with Amazon's health chief Neil Lindsay and others on the company's health care push, the PillPack and One Medical acquisitions, its future, and more
Harry McCracken / Fast Company: Interviews with Amazon's health chief Neil Lindsay and others on the...