Larry Summers steps back from public commitments after his Jeffrey Epstein emails were released; OpenAI still lists Summers as a board member and didn't comment (Raquel Coronell Uribe/NBC News)
NBC News
'I am deeply ashamed': Larry Summers to step back from public commitments after new Epstein emails
Sen. Elizabeth Warren had called for institutions affiliated with Summers, who was treasury secretary during the Clinton administration, to sever t...
Techmeme
Larry Summers steps back from public commitments after his Jeffrey Epstein emails were released; OpenAI still lists Summers as a board member and didn
By Raquel Coronell Uribe / NBC News. View the full context on Techmeme.
Klarna reports Q3 revenue up 26% YoY to $903M, above $882M est., a $95M net loss, and expects $1B+ revenue in Q4, in its first post-IPO earnings release (Samantha Subin/CNBC)
CNBC
Klarna tops third-quarter revenue estimates in first earnings report since IPO
Klarna experienced strong U.S. growth, driven the adoption of tools like Klarna Card and fair financing.
Techmeme
Klarna reports Q3 revenue up 26% YoY to $903M, above $882M est., a $95M net loss, and expects $1B+ revenue in Q4, in its first post-IPO earnings release
By Samantha Subin / CNBC. View the full context on Techmeme.
Roblox plans to require all users to undergo an age estimation process to access chat features, starting January 2026, in an effort to enhance child safety (Jay Peters/The Verge)
The Verge
Roblox will require age estimation to chat starting next year
The tool is available starting today.
Techmeme
Roblox plans to require all users to undergo an age estimation process to access chat features, starting January 2026, in an effort to enhance child safety
By Jay Peters / The Verge. View the full context on Techmeme.
Filing: the US FTC ends its review of SoftBank's $6.5B acquisition of chip designer Ampere, granting an early termination; SoftBank announced the deal in March (Josh Sisco/Bloomberg) https://www.bloomberg.com/news/articles/2025-11-17/softbank-s-6-5-billion-deal-for-chip-firm-ampere-wins-ftc-nod
Techmeme
Filing: the US FTC ends its review of SoftBank
By Josh Sisco / Bloomberg. View the full context on Techmeme.
Mastodon founder and CEO Eugen Rochko is stepping down from the decentralized social network as part of its shift to a nonprofit structure overseen by a board (Sarah Perez/TechCrunch)
TechCrunch
Mastodon CEO steps down as the social network restructures | TechCrunch
Eugen Rochko is stepping down as CEO of decentralized social network Mastodon. Felix Hlatky will now become the executive director as the company b...
Techmeme
Mastodon founder and CEO Eugen Rochko steps down from the decentralized social network as part of its transition to a nonprofit structure governed by a board
By Sarah Perez / TechCrunch. View the full context on Techmeme.
Xiaomi reports Q3 revenue up 22.3% YoY to ~$15.9B, below ~$16.4B est., and net profit up 80.9% YoY to ~$1.59B, above ~$1.5B est., driven by AI and EV sales (Reuters) https://www.reuters.com/world/asia-pacific/xiaomi-reports-22-jump-q3-revenue-2025-11-18/
Techmeme
Xiaomi reports Q3 revenue up 22.3% YoY to ~$15.9B, below ~$16.4B est., and net profit up 80.9% YoY to ~$1.59B, above ~$1.5B est., driven by AI and EV revenue
From Reuters. View the full context on Techmeme.
The EU Commission opens an investigation into AWS and Azure to determine whether they should fall under the DMA and says they "occupy very strong positions" (Samuel Stolton/Bloomberg) https://www.bloomberg.com/news/articles/2025-11-18/amazon-s-aws-and-microsoft-azure-face-eu-probe-into-cloud-power
Techmeme
The EU Commission opens an investigation into AWS and Azure to determine whether they should fall under the DMA and says they “occupy very strong positions”
By Samuel Stolton / Bloomberg. View the full context on Techmeme.
Sources: Larry Ellison is overhauling a £10B science initiative in Oxford after clashing with President John Bell, who left in September, and COO Lisa Flashner (Financial Times)
Client Challenge
Techmeme
Sources: Larry Ellison is overhauling a £10B science initiative in Oxford after clashing with President John Bell, who left in September, and COO Lisa Flashner
From Financial Times. View the full context on Techmeme.
Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership (Zheping Huang/Bloomberg) https://www.bloomberg.com/news/articles/2025-11-18/baidu-posts-worst-sales-fall-on-record-despite-major-ai-spending
Techmeme
Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership
By Zheping Huang / Bloomberg. View the full context on Techmeme.
The UK CMA opens probes into StubHub, Viagogo, and others over allegedly deceptive online pricing practices; the UK plans to ban above face value ticket resales (Martin Arnold/Financial Times)
Client Challenge
Techmeme
The UK CMA opens probes into StubHub, Viagogo, and others over allegedly deceptive online pricing practices; the UK plans to ban above face value ticket resales
By Martin Arnold / Financial Times. View the full context on Techmeme.