Meta posts $64B Q3 revenue, announces new non-voting share class to fund AI push
Meta's earnings show its AI infrastructure spending is being financed partly through new equity, while the stock split also keeps Zuckerberg in California ahead
The Verge · +5 outlets
Meta ordered to pay $25B in Cambridge Analytica penalties; child safety settlement costs $9.89B
The penalties hit Meta's Q3 results, which the company said would have topped $22 billion in income absent the child safety settlement.
The Verge · +14 outlets
Tesla Q3 revenue flat at $28B as Musk confirms Tesla-SpaceX merger talks
Tesla's earnings call featured Musk floating a possible merger with SpaceX and plans to let owners add their cars to the robotaxi fleet next year.
The Verge · +12 outlets
Critical PHP vulnerabilities force emergency patches across major sites
Two AI-discovered bugs in the PHP language disrupted sites including Wikipedia, 4chan, and DeviantArt, prompting urgent patching guidance.
The Verge · +14 outlets
EA lays off 3% of staff, shuts BioWare in studio restructuring
The cuts are EA's first major move since going private and include putting Respawn and DICE together on a new Star Wars Battlefront game.
Variety · +14 outlets
SpaceX reports revenue jump on AI growth, Musk says Starship catch attempt next
SpaceX's AI unit posted a $431 million operating profit in Q3, and Musk said the company will attempt to catch Starship and its booster for the first time.
The Verge · +13 outlets
Netflix stock and price targets slide as Wall Street questions US execution
Analysts are debating whether Netflix can reverse slowing engagement in the US, with the company pointing to Peter Rice for better execution.
The Hollywood Reporter · +8 outlets
Disney and Netflix court creators as YouTube plays hardball to keep them
Streaming rivals are increasingly competing with YouTube for creator talent, a shift that could reshape where top creators distribute their work.
The Hollywood Reporter · +2 outlets
Data centers threaten to erase decades of US air quality gains
A new report warns that the AI infrastructure buildout, concentrated in Texas, could push pollution back to 2000s levels.
The Verge · +14 outlets
Disney greenlights Glee revival for Disney+ and Hulu; Lea Michele in talks to return
The revival revives one of Fox's biggest musical franchises for Disney's streaming services, with original cast negotiations reportedly underway.
The Hollywood Reporter · +2 outlets
Writers Guild East inks deal with AI-shielding software company
The agreement marks a labor-adjacent effort to give writers tools that block their work from being used to train AI models.
The Hollywood Reporter · +3 outlets
FCC's Brendan Carr warns broadcast networks over airing 'fake polls'
The warning signals the agency's continued scrutiny of broadcasters, raising questions about regulatory pressure on newsrooms.
Forbes · +14 outlets
Microsoft-estimated next Xbox could cost $1,200 to $1,800, report says
The reported price range suggests console hardware costs are rising sharply, a potential headwind for the next generation of gaming.
Forbes · +14 outlets
TikTok begins censoring searches for popular peptides
The search restrictions add peptides to the list of health topics TikTok limits, part of broader platform content-moderation moves.
The Verge · +1 outlets
Legendary heats up bid to acquire Lionsgate
A deal would consolidate another pair of Hollywood studios amid ongoing media industry consolidation.
The Hollywood Reporter · +2 outlets
Judge dismisses Sam Altman's sister's sexual abuse lawsuit
The ruling ends a legal challenge against the OpenAI CEO that had drawn wide attention.
The Verge · +14 outlets
Robert Downey Jr. signs on as pitchman for Snap's $2,200 Specs AR glasses
Snap is using a major celebrity endorsement to push its augmented-reality glasses into the consumer market.
Variety · +1 outlets
YouTube says it is not testing hiding the dislike button
The platform denied reports that screenshots showed the dislike button being moved into the three-dot menu.
The Verge