Alphabet, Microsoft, Spotify, Snap earnings + more

Alphabet Q3 earnings: revenue: $76.7B (+11% y/y), net income: $19.7B (+41% y/y), YouTube ad revenue: ~$8B (+12.5% y/y), Cloud revenue: ~$8.4B (+22.5% y/y), shares were down 8% due to cloud miss - Link

Microsoft Q1 earnings: revenue: $56.5B (+13% y/y), net income: $22.3B (up 27% y/y), Azure revenue was up 29% y/y; shares were up ~3% on cloud beat - Link

Spotify Q3 earnings: revenue: €3.4B (+11% y/y), net income: €65M, FCF: €216M, paid subs: 226M (+16% y/y); shares were up 8% initially, then dropped 5% - Link

Snap Q3 earnings: revenue: $1.19B (+5% y/y), net loss: $368M, DAUs: 406M (+12% y/y); shares were down 5% after initially jumping 20% - Link

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Mathew Russell Lee from Inner City Press joins Jason to discuss life as an independent journalist (13:47), startup fraud trends (2:27), his firsthand observations from the SBF courtroom (17:05), the state of the justice system (1:01:16), and much more! - Link

The Information sources: Perplexity is in discussions to raise ~$50M led by IVP at a ~$500M valuation; the startup is currently generating ~$3M in ARR - Link

WaPo sources: The Biden Admin is planning to announce an EO covering AI on 10/30, which will require model assessments for federal use and could ease immigration barriers for high-skilled workers - Link

SBF’s lawyers have told the judge overseeing his trial that the FTX founder plans to testify to defend himself, which could happen as soon as Thursday - Link

Byju’s CFO Ajay Goel has resigned after six months at the company, as the startup continues delaying its FY2022 earnings - Link

This Week in Startups

E1833: The Trial of SBF: A deep dive with Inner City Press's Matthew Russell Lee

E1832: Reverse-engineering autonomy in humanoid robots with Sanctuary AI CEO Geordie Rose

E1831: Should Apple buy Disney? Plus: Apple's $1B blockbuster bet and more with Lon Harris

E1830: Booking Holdings CEO Glenn Fogel on travel industry trends, M&A, leadership, and more!

E1829: AI demos: ChatGPT’s UI punch ups, Google’s generative image search, and more with Sunny Madra

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