Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats (Jackie Davalos/Bloomberg)

Jackie Davalos / Bloomberg:
Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats  —  Uber Technologies Inc. reported revenue that beat analysts' expectations, fueled by a recovery in driver supply that supported increased ridership …

Elon Musk's plan to monetize Twitter verification would generate marginal revenue, even at $20/month, and create myriad problems, including enabling spammers (James Ball/New Statesman)

James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification would generate marginal revenue, even at $20/month, and create myriad problems, including enabling spammers  —  Elon Musk's latest brainwave risks alienating the users Twitter depends on and would expose it to lawsuits.

Gartner forecasts public cloud spending will grow 20.7% to $591.8B in 2023, including SaaS spending up 16.8% to $195.2B and PaaS spending up 23.2% to $136.4B (Maria Deutscher/SiliconANGLE)

Maria Deutscher / SiliconANGLE:
Gartner forecasts public cloud spending will grow 20.7% to $591.8B in 2023, including SaaS spending up 16.8% to $195.2B and PaaS spending up 23.2% to $136.4B  —  Worldwide spending on public cloud services will grow 20.7% in 2023, to $591.8 billion, according to a new Gartner Inc. forecast released today.

China Covid lockdown: Apple supplier Foxconn quadruples staff bonuses

Daily bonuses for employees, who are part of a Foxconn unit responsible for making electronics including smartphones at the site, have been raised to 400 yuan ($55) a day for November from 100 yuan, according to the official WeChat account of Foxconn's Zhengzhou plant. https://ift.tt/PIezWqT

The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November (Amitoj Singh/CoinDesk)

Amitoj Singh / CoinDesk:
The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November  —  A pilot for a retail version will start within a month.  —  India's central bank will introduce a pilot wholesale central bank digital currency …

Doreen Bogdan-Martin's election to the UN's ITU, beating the Russian candidate, signals support for a US-backed open internet, but significant issues remain (Justin Ling/Wired)

Justin Ling / Wired:
Doreen Bogdan-Martin's election to the UN's ITU, beating the Russian candidate, signals support for a US-backed open internet, but significant issues remain  —  Open-internet advocates are breathing a sigh of relief after a recent election for the International Telecommunications Union's top leadership.