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Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss (Ashley Carman/Bloomberg) 24-10-2023

Ashley Carman / Bloomberg: Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss  —  Spotify Technology SA, the music-streaming giant, reported third-quarter sales that exceeded analysts’ projections … Lees verder op Tech Meme

Automattic plans to acquire Texts, a $15 per month messaging app that works with WhatsApp, Instagram, LinkedIn, Signal, iMessage, and more, for $50M (David Pierce/The Verge) 24-10-2023

David Pierce / The Verge: Automattic plans to acquire Texts, a $15 per month messaging app that works with WhatsApp, Instagram, LinkedIn, Signal, iMessage, and more, for $50M  —  Automattic, the company that runs WordPress.com, Tumblr, Pocket Casts, and a number of other popular web properties, just made a different kind … Lees verder op Tech Meme

Taiwan VP Lai Ching-te criticizes China's Foxconn investigation; sources say China disclosed the move for political reasons tied to Taiwan's January elections (Reuters) 24-10-2023

Reuters: Taiwan VP Lai Ching-te criticizes China’s Foxconn investigation; sources say China disclosed the move for political reasons tied to Taiwan’s January elections  —  Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple (AAPL.O) supplier Foxconn (2317.TW) … Lees verder op Tech Meme

Sources: the UK is set to reject Big Tech calls to be able to appeal rulings by the CMA's Digital Markets Unit, expected to be able to levy fines and more (Bloomberg) 24-10-2023

Bloomberg: Sources: the UK is set to reject Big Tech calls to be able to appeal rulings by the CMA’s Digital Markets Unit, expected to be able to levy fines and more  —  – Decision due within two months in new Parliamentary session  — Ministers seek to curb dominance of major technology companies Lees verder op Tech Meme

EU environmental groups criticize Apple branding new Apple Watches as “carbon neutral” and using credits to cancel out the 7kg to 12kg of emissions per unit (Kenza Bryan/Financial Times) 24-10-2023

Kenza Bryan / Financial Times: EU environmental groups criticize Apple branding new Apple Watches as “carbon neutral” and using credits to cancel out the 7kg to 12kg of emissions per unit  —  iPhone maker flags credentials of its latest Watch products as EU seeks to clamp down on ‘greenwashing’ Lees verder op Tech Meme