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BusinessPositive

TechCrunch Founder Summit 2026: Everything you need to know

The TechCrunch Founder Summit 2026 is a one-day event in Boston, focusing on providing founders with tactical insights on building and scaling their companies. It is ideal for founders looking to get a head start on their 2027 plans. The event includes sessions on fundraising, AI-native building, leadership, and product market fit, and is open to investors and founders, as well as students and aspiring founders. It is accessible via public transportation and located at the SoWa Power Station. The event is free for…

TechnologyPositive

Meta says Muse has over 10M users, with shopping a top activity

Meta announced that its AI app Muse has been adopted by over 10 million users, with shopping being a top activity, indicating significant growth and engagement. CEO Mark Zuckerberg highlighted that 25% of users now use Muse daily, contributing to improved retention. The app's integration with Plaid's connector and the "Muse Secure VM" feature underscore its security and trustworthiness. Meta forecasts Muse will eventually bring in more revenue per user than current app users, aiming to improve cost efficiency by m…

TechnologyNegative

CoreWeave’s market confidence erodes as bond yields spike and stock sinks

CoreWeave's market confidence erodes as interest rates spike and stock sinks, with the company's stock down 29% and its unsecured debt yielding 15%. The company's unsecured debt's credit default swap spread has risen 164% in the past year and 30% in October, up to nearly 1, 067 basis points, or 10. 67%. CoreWeave's market cap has shrunk to roughly $34 billion, down from $90 billion three months earlier. The company's debt is set to mature in 2030, with prospects of higher interest rates on future financing. The si…

SciencePositive

An affinity for warm climes has helped crocs thrive for eons

An affinity for warm climates has been crucial for crocodilians' survival and success over eons, with new research highlighting their long-standing association with tropical and low-latitude environments. This trait likely contributed to their survival during the asteroid strike 66 million years ago.

TechnologyPositive

Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)

Meta Platforms Inc. has revised its 2026 capex forecast to $135B-$145B, up from $130B-$145B, and its Q4 revenue forecast to $73B-$76B, up from $73.6B. The company's stock price has surged by 3%+ after hours following the announcement.

TechnologyNeutral

Tiger shooters got weapons via ‘dead drop’; couriers delivered guns a day earlier

The accused in the Tiger shooting case were arrested on October 31, following the incident on October 17. Weapons were delivered to the shooters through a "dead drop" arrangement, where couriers were provided the weapons at New Delhi Railway Station by the main supplier, identified as Kunal. The couriers, Babita and Radha, were arrested on October 17, and the weapons were collected by one of the shooters at an isolated spot near the hotel where they checked in on October 17. The main supplier, Kunal, had been in t…

PoliticsNeutral

Filing: Meta says Mark Zuckerberg is considering leaving California if it passes a one-time 5% tax on billionaires; voters will decide on the measure next month (Pierre Paulden/Bloomberg)

Mark Zuckerberg is considering relocating to another state if California passes a one-time 5% tax on billionaires, which is expected to be voted on by California voters next month. This move could impact the state's tax revenue and Zuckerberg's future plans.

TechnologyNegative

New York’s first microdrama film festival searches for its audience

New York's inaugural microdrama film festival, Alza, aimed to legitimize vertical entertainment as an art form but left its audience uncertain about the future of this genre. The festival showcased a variety of short and vertical content, including adaptations of classic novels and romantic dramas, with a primary focus on appealing to mainstream women who watch microdramas on their phones. While some microdramas have been successful, the festival's attendees seemed skeptical about the future of vertical entertainm…

Checkpoint

+10

stories reviewed — about 33 min of reading, summarized for quick catch-up.

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PoliticsNegative

'Null and void:' Egypt condemns Turkey-Libya maritime deal, reaffirms pact with Greece

This statement marks a show of support for Greece, a longtime partner in the Eastern Mediterranean, and underscores Cairo's reservations about the Turkish agreement, which directly contradicts one it reached with Athens. Turkey's eastern parliament surprised many on Tuesday by unanimously approving a contentious maritime deal with Turkey that it had opposed for years. The agreement was first approved by Libya's Tripoli-based government in 2019, and eastern Libya is controlled by Khalifa Haftar, a general who previ…

TechnologyPositive

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)

Meta plans to introduce a new class of nonvoting stock to meet capital requirements for AI model development, with an effective date in January 2027. This strategic move aims to maintain governance without altering the current voting structure.

PoliticsPositive

Iran's Araghchi says Iran prepared to give diplomacy another chance

Iran’s Foreign Minister Abbas Araghchi has expressed readiness to engage in diplomacy again, stating that Iran is prepared to give diplomacy another chance if it perceives a genuine desire for reconciliation by the United States. Araghchi emphasized that if the US opts for war over diplomacy, it would likely lead to a more significant strategic failure.

BusinessNegative

Automattic begins layoffs following board upheaval and executive departures

Automattic, the parent company of WordPress.com, WooCommerce, Tumblr, and other popular websites, has initiated layoffs following a board upheaval and executive departures. Over the past week, the company has cut its communications team, social team, WordPress.com, and VIP enterprise business. The departures are part of a larger turmoil at Automattic, which has seen a complete board turnover and other executive departures, including its CFO, interim CFO, and Chief Legal Officer.

TechnologyPositive

IBM raises annual software revenue outlook as deal delays ease

IBM's annual software revenue outlook has been revised upwards as deal delays have eased, with the company now forecasting growth of about 7% to 8% compared to 6% to 8% previously. This comes after the finance chief, James Kavanaugh, indicated that software deals that had previously caused investor concern are now closing. The company reported better-than-expected third-quarter earnings, with revenue up 4.7% to $17.10 billion and adjusted profit at $2.95 per share, beating analysts' estimates.

TechnologyPositive

Meta reports Q3 revenue up 26% YoY to $64.6B, operating income down 37% to $12.99B on a $9.89B AG settlement charge, and family DAP up 3% to 3.64B for September (Meta)

Meta reported a 26% increase in revenue from the previous year, reaching $64.6 billion in the third quarter of 2026, despite a 37% decrease in operating income to $12.99 billion. The company also announced the establishment of a new class C common stock and reported a 3% increase in family daily active users (DAP) to 3.64 billion for September.

Checkpoint

+10

stories reviewed — about 14 min of reading, summarized for quick catch-up.

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Today: 0 caught up · 0 min saved

HealthNeutral

Pope does not need further treatment after lung cancer surgery

Pope Leo XIV has been discharged from Gemelli Hospital after undergoing surgery to remove a lung adenocarcinoma, confirming initial diagnosis. The 71-year-old Pope has resumed speaking to well-wishers and has held his first general audience since leaving the hospital. He has also engaged in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, urging a ceasefire for aid delivery and calling for dialogue and peace. The pontiff plans to visit Latin America in early November.

TechnologyPositive

Meta to issue new class of shares as it tightens AI spending forecast

Meta has raised its lower end of annual spending forecast and issued new non-voting shares to finance costly AI expansion, aiming to attract top talent and avoid diluting CEO Mark Zuckerberg's voting control. The company now expects capital expenditure between $135 billion and $145 billion this year, up from $130 billion to $145 billion previously. The shares will help Meta finance acquisitions without diluting Zuckerberg's voting control, despite security and legal challenges. Meta's better-than-expected revenue…

HealthNegative

CDC Ignored Request from States to Validate a New Measles Test

The Centers for Disease Control and Prevention (CDC) has been criticized for ignoring a request from several states to validate a new measles test developed by the agency. The new test, which is designed to detect the virus more accurately, has not been approved by the CDC and cannot be used in the United States. The states have been calling for the test to be validated, but the CDC has refused to do so, citing concerns about the test's accuracy.

BusinessPositive

‘Huge moment’: long-awaited extension to Sydney’s metro line to open next week, Minns reveals

The Sydney metro extension project, long-awaited and now set to open next week, will significantly alleviate travel congestion in the city's south-west, benefiting over 17,000 commuters during peak hours and reducing travel times by 24 minutes on average. The extension, spanning from Tallawong to Bankstown, will replace current buses and deliver capacity for an additional 17,000 people, with a 37-minute journey from Lakemba to Victoria Cross, offering a 24-minute savings compared to previous travel times. This pro…