Situational awareness: Twitter lost 9 million monthly active users last quarter, bringing its total down to 326 million, the company reports in its Q3 earnings. This could be a reflection of social media companies seemingly hitting a point of saturation, per Axios' Sara Fischer. Still, it beat revenue expectations and was profitable for its fourth straight quarter.
President Trump on a landline. Photo: Jabin Botsford/The Washington Post via Getty Images
The New York Times report that China and Russia are eavesdropping on President Trump's cellphone calls is, in one sense, shocking. On the other hand, it's exactly what experts have warned about since before he took office.
Why it matters: Whether the risk is spilling state secrets or providing blackmail material, letting others listen in on the president's calls can't be a good idea.
Flashback: In January 2017, I co-wrote a story for Recode headlined "For the sake of national security, Donald Trump needs to trade in his cellphone."
Former White House CIO Theresa Payton tells Axios that it's tough to assess just how bad things are "without knowing what information was accessed, when, and how." But, Payton, who's now CEO of cybersecurity firm Fortalice Solutions, adds...
"What it could mean, in a worst-case scenario, is that China and Russia have had access to the president's most intimate and delicate conversations, and that they could be using that knowledge to exploit perceived weaknesses and gain an upper hand in trade negotiations and possibly even military operations."
"If true, this may be the largest, most significant breach of White House communications in history."
And then there are his tweets. Regardless of what device they are sent from, the president's penchant for tweeting personal attacks, changes in U.S. policy and communications to foreign leaders poses creates a huge risk if someone were ever able to gain access to his account: Followers couldn't easily distinguish between his impulsive messages and those of a hacker.
What they're saying:
The bottom line: It's past time for the president to use a more secure means of communication.
Telecom giants AT&T and Verizon are both pursuing a strategy that marries content and distribution. But they are taking different approaches and, so far, are seeing radically different results, Sara reports.
Driving the news: Verizon admitted Tuesday that its media arm, Oath — which consists of AOL, HuffPost, Yahoo and other digital brands — is struggling to drive revenue.
Why it matters: Oath is driven by digital ad income, whereas WarnerMedia is driven by revenue from streaming subscriptions, its studio business and its digitally-sold television ads business.
What they're saying:
Between the lines: While this was only the first full quarter of earnings reported for WarnerMedia under its new parent company, all signs point to optimism from investors.
The bottom line: Even in an internet age, TV content still has value, regardless of which screens are used to view it. On the other hand, internet media continues to be a tough sale, even when you own the pipe.
Cheddar, the streaming video network dubbed the "CNBC for millennials," is acquiring Rate My Professors, a popular website used by college students to evaluate their teachers.
My thought bubble: At first blush, the deal seems far afield for a news company. But it fits with the company's effort to become a compelling source of information for college students.
Go deeper: Sara has more here.
Tesla's showroom in D.C. Photo: Saul Loeb/AFP/Getty Images
Tesla turned in remarkably strong earnings, reporting $312 million in third quarter profit and free cash flow of $881 million — only its third quarterly profit in history. What's more, CEO Elon Musk says he expects continued positive cash flow and profits in all quarters going forward, with the exception of occasional debt repayments.
"We do not intend to raise equity or debt, at least that’s ... our intention right now. That may change in the future."— Elon Musk
Why it matters: This could be a turning point for Tesla, Axios' Joann Muller writes. The operating improvements reported last night suggest the company has the potential to buckle down and deliver sustained profits after losing money for much of its 15-year existence.
Go deeper: Joann has more here.
Check out this baby hearing her mom for the first time thanks to a hearing aid.