~techmeme | Bookmarks (1014)

Anissa Gardizy / The Information: 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  —  Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.

Sarah Perez / TechCrunch: 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  —  TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …

Ari Levy / CNBC: 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  —  AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …

Ciara Linnane / MarketWatch: 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  —  Referenced Symbols  —  Toast Inc.'s stock soared 26% in after-hours trade Thursday, after the digital-payment platform …

Arsheeya Bajwa / Reuters: 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  —  Cloudflare (NET.N) forecast fourth-quarter revenue below estimates on Thursday, hurt by intense competition in the cybersecurity market …

MacKenzie Sigalos / CNBC: 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  —  WATCH NOW  —  Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.

Thomas Brewster / Forbes: 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  —  The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.

Jonathan Vanian / CNBC: 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  —  Pinterest shares plunged 15% Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite …

Bloomberg: 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  —  - Trump has pledged to fire Gensler on the first day in office  — Next SEC chair is expected to push forward new regulations

Manish Singh / TechCrunch: 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  —  The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations …

Ian King / Bloomberg: 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  —  - Both companies are seeing stronger demand for high-end models  — Qualcomm results outshine Arm's in dueling reports Wednesday

Jay Peters / The Verge: Roblox plans to stop kids under 13 from accessing experiences with “certain types of interactive features”, including “social hangouts”, starting November 18  —  Roblox is going to block kids from accessing certain types of experiences following reports alleging that the platform has enabled child abuse.

Mackenzie Hawkins / Bloomberg: Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories  —  - US officials look to announce agreements in coming weeks  — Biden team is racing to get Chips Act money out the door

Jaspreet Singh / Reuters: 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.  —  Freshworks (FRSH.O) raised its annual revenue and profit forecasts on Wednesday after upbeat third-quarter results …

Maxwell Zeff / TechCrunch: Perplexity's US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context  —  On Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate …

Maani Truu / ABC: Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent  —  In short:  —  Social media users under the age of 16 are set to be barred from using social media, under legislation expected to be introduced to parliament this month.

Zaheer Kachwala / Reuters: 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  —  Take-Two Interactive Software (TTWO.O) beat Wall Street expectations for second-quarter bookings and profit on Wednesday …

Priyanka.G / Reuters: 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  —  Bumble (BMBL.O) posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer …

Krisztian Sandor / CoinDesk: 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  —  The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities …

Meir Orbach / CTech: 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  —  The Israeli startup's solutions help security teams manage the organization's applications, identities, and detect unusual behavior within the SaaS ecosystem.

Ismail Shakil / Reuters: 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  —  Canada on Wednesday ordered Chinese-owned TikTok's business in the country to be dissolved, citing national-security risks …

Jaspreet Singh / Reuters: 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  —  Match Group (MTCH.O) forecast fourth-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand …

Akash Sriram / Reuters: 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  —  Lyft (LYFT.O) forecast current-quarter gross bookings above estimates after beating September-quarter sales on Wednesday …

Devin Coldewey / TechCrunch: 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  —  The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines …