The Wall Street Journal reports that Europe and Canada are stepping up efforts to field satellite networks they control, after what the Journal describes as Elon Musk's decision to abruptly limit Ukraine's use of Starlink. The Journal says Europeans are worried about a system with a 'built-in kill switch.' Musk and the Trump administration each point to the other over who imposed the cap on Starshield terminals, which began around Oct. 13–14. Ukraine's defense ministry said Oct. 24 that speeds above 400 km/h had been restored.
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DoorDash and Instacart parent Maplebear announced a definitive agreement under which DoorDash will acquire Instacart for $65 per share, an equity value of about $17 billion.
Intel shares fell 14% in after-hours trading on Oct. 29, per Reuters, with later reports putting the drop at about 17% to more than 20%, after the company guided fourth-quarter revenue below estimates. CFO David Zinsner told Reuters an October explosion at its Kiryat Gat, Israel fab will cut about $600 million of revenue over two quarters.
On Amazon's third-quarter earnings call, CEO Andy Jassy said AWS has a $578 billion backlog of contracted future revenue, more than double a year earlier, and that Amazon expects to spend meaningfully more on capital projects in 2027 than the roughly $220 billion planned for 2026.
Rivian’s R2 was the company’s best-selling vehicle by volume in the third quarter, though Rivian did not disclose R2 unit counts. Revenue rose 38% to $2.155 billion, software and services revenue rose 45% to $605 million, and the automotive gross loss narrowed year over year.
According to CEO Steve Huffman, Reddit will require users to log in to browse the site, beginning with tests in select markets outside the US. The change aims to curb scraping and support advertising.
