Thu. 10/27 – Meta (Insert Bomb Emoji Here)

(BOMB SOUND). That’s the sound of Meta’s disastrous earnings announcement yesterday. That’s the sort of insightful analysis you come to this podcast for. But also, Argo AI is shutting down. Google Cloud has a new blockchain tool for developers. And the Elon Twitter thing is happening. It’s really happening, people. Behave accordingly. Sponsors: ZocDoc.com/techmeme Links: Meta Tumbles as Sales Forecast Shows Depth of Ad-Market Weakness (Bloomberg) Meta Plummets 25% as Zuckerberg’s Plea for ‘Patience’ Falls Flat (Bloomberg) It’s Official: Meta Is a Disaster (Intelligencer) Mark Zuckerberg Is Going To Kill His Company (Ed Zitron's Where's Your Ed At) Ford, VW-backed Argo AI is shutting down (TechCrunch) Samsung's Third-Quarter Profit Plunges Amid Chip Market Woes (CNET) Google's new service helps Web3 developers build for blockchain-based platforms (ZDNet) Elon Musk Is In Twitter’s Office and Will Address Staff Friday (Bloomberg) Elon Musk, on Eve of Twitter Deal Close, Promises Advertisers It Won’t Become a ‘Free-for-All Hellscape’ (Variety)