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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 …

Olivia Poh / Bloomberg: 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  —  - Elevated inflation and interest rates hit online consumption  — AI-ready data centers emerge as a bright spot for investments

Bloomberg: 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  —  - Connor Moucka taken into custody on provisional arrest warrant  — Stolen logins used to access Snowflake customer accounts

Maxwell Zeff / TechCrunch: 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  —  Meta's former head of augmented reality glasses announced on Monday she is joining OpenAI to lead robotics and consumer hardware, according to a post on LinkedIn.

Jonathan Vanian / CNBC: Meta is extending its ban on new political ads past Election Day in the US, “until later this week”  —  Meta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S.  —  The social media giant announced the political ads policy update on Monday …

Hannah Lang / Reuters: 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  —  A consortium of financial technology and cryptocurrency companies including Robinhood (HOOD.O), Kraken and Galaxy Digital …

Bloomberg: 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  —  - Legal status change may face scrutiny over IP valuations  — Firm in early talks with California attorney general's office

Mark Gurman / Bloomberg: 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  —  - Company's hardware division is researching idea with employees  — Move signals that Apple aims to follow Meta into new category

Sara Fischer / Axios: 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  —  - It later adjusted its policies to temporarily stop all social issue, electoral, or political ads from running after the polls closed on November 3rd.

NBC News: 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  —  A Pennsylvania judge declined to issue an emergency injunction Monday, allowing Elon Musk's super PAC to continue its cash giveaway to registered voters.

The Information: 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  —  TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024 …

Todd Spangler / Variety: 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  —  On Monday, Amazon announced X-Ray Recaps on Prime Video, touting the generative-AI-based feature as …

Aaron Holmes / The Information: 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  —  T-Mobile agreed to pay OpenAI roughly $100 million over the next three years as part of a deal to use the startup's technology, The Information reported on Monday.

Arsheeya Bajwa / Reuters: 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  —  Palantir Technologies (PLTR.N) on Monday raised its annual revenue forecast for the third time, betting on strong spending …

Maxwell Zeff / TechCrunch: 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”  —  Last week, OpenAI released its highly anticipated search product, ChatGPT Search, to take on Google.

Politico: 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  —  The $39 billion high-tech subsidy plan was supposed to come with guardrails.  Progressives worry those are dissolving before their eyes.

Jordan Novet / CNBC: 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  —  With Wall Street laser focused on cloud computing this week, Google outpaced its rivals in growth, a key sign for investors …