Consumerist.com will no longer operate as a standalone site, and, instead, will be folded into parent Consumer Reports. “Some Consumerist stories are already on the Consumer Reports site, and we will be bringing over more in the weeks and months to come,” the unit explains. “We will be offering a RSS feed of Consumer Reports content in the next few weeks,” while, “We are developing a longer-term strategy for the Consumerist brand moving forward.”
Thanks to a strong chip business, Samsung reported its biggest operating profit ever on Monday. “The company said its third-quarter operating profit nearly tripled to [$12.92 billion] as it recovered from last year's Note 7 fires and recall,” CNet reports. “Samsung also generated revenue of [$55.18 billion], up 30 percent from the previous year.”
In early November of last year, roughly 126 million U.S. Facebook users were exposed to content created by Russian disinformation specialists, sources tell Recode. “Previously, Facebook had only shared information on ads purchased by Kremlin-tied accounts, revealing that they reached more than 10 million U.S. users,” Recode notes. More broadly, “Facebook, Google and Twitter plan to tell congressional investigators this week that the scope of Russia’s campaign to spread disinformation on their sites … is much broader than the companies initially reported.”
In China, iPhone sales jumped by about 40% in the third quarter, according to a new report from research firm Canalys. “While customers in the U.S. may be indifferent to the new iPhone 8, China appears to be a different story,” Venture Beat writes. “As a result, Apple saw its first increase in smartphone sales in that critical market after an 18-month losing streak.”
After being barred from Twitter, Donald Trump henchman Roger Stone is vowing to sue the company. “I am going to sue Twitter on multiple grounds,” Stone tells Business Insider. Notes BI: “He did not elaborate when he would file the suit, and when asked what grounds he planned to sue Twitter on, he replied that he would let the suit ‘speak for itself when filed.’”
The New York Times
considers Facebook’s role in spreading false and inflammatory information around the world. In Myanmar, for instance, the ultranationalist Buddhist monk Ashin Wirathu is using the social network to “spread a narrative
of [the country’s Rohingya ethnic group] as aggressive outsiders.” Meanwhile, “In Britain, investigations have begun into the spread of misinformation on social media about the European Union membership referendum.”
While stopping short of calling the iPhone X a game-changing gadget, Wired writer Steven Levy says it comes pretty close. “Though the next truly disruptive device will be something other than another slab of glass and silicon -- AR glasses, anyone? -- it’s possible that the iPhone X will be remembered as kicking off a new wave of apps that take us a step closer to making technology truly invisible.” Specifically, “Built-in machine learning, facial recognition, and higher resolution cameras might unlock ideas for previously untenable applications,” he writes.
Apple is seeking the SEC’s approval to exclude a shareholder proposal to tie executive compensation to employee diversity rates. “In the latest tug-of-war between Apple and a few shareholders pushing for diversity reforms, Apple pushed back on the latest proposal months before its upcoming annual shareholders conference,” SiliconBeat reports.
Beating analysts’ expectation, Amazon reported revenue of $43.74 billion for the third quarter of the year. ‘Without including Whole Foods [which it bought this past quarter], the company increased sales by 29% year-over-year,” Business Insider points out. Meanwhile, “Amazon is gearing up for the holiday shopping season and said it expects net sales between $56 billion and $60.5 billion in the fourth quarter.”
After Walmart, Amazon is now the second largest employer in the United States, GeekWire reports. “Amazon’s headcount grew 77 percent over this time last year, and a big reason for that is the completion of Amazon’s blockbuster deal to buy Whole Foods Market for $13.7 billion and the acquisition of e-commerce company Souq,” it writes. In total, the tech giant now employs about 540,000 U.S. employees.