General Motors says it is suspending advertising on Twitter as it evaluates the “direction of the platform under their new ownership” (CNBC)

Tanaya Macheel / CNBC:
Coin Metrics: on Tuesday, bitcoin fell 12.6% to $18,203 and briefly hit $17,300.80, its lowest level since November 2020; ether dropped 18.2% to $1,311.50  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  WATCH NOW  —  FTX token plunges as Binance steps in to buy the crypto exchange’s non-U.S. unit: CNBC Crypto World

Yun Li / CNBC:
Salesforce stock is up 6%+ pre-market after activist investor Starboard reveals a “significant” stake; shares of Salesforce have fallen more than 40% in 2022  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc.

Sarah Whitten / CNBC:
Netflix Q3: revenue of $7.9B, up 5.9% YoY, net income of $1.4B, down from $1.45B YoY, global paid net additions of 2.4M subs, vs. 1.09M est.; stock up ~11%  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Netflix shares skyrocketed more than 10% after the bell Tuesday …

Todd Haselton / CNBC:
AMD announces ~$5.6B in preliminary Q3 revenue, below its outlook of $6.7B plus or minus $200M, driven by weaker Client segment revenue and supply chain issues  —  – AMD issued preliminary third-quarter results on Thursday that are well below its initial guidance.  —  Follow your favorite stocksCREATE FREE ACCOUNT

New York Times:
Online sports-betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook’s $8.4M deal with Michigan State  —  In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling.

Amanda Hoover / Wired:
Some Twitter users, concerned about Elon Musk’s ownership, are moving to alternative platforms, including Mastodon, which has seen sign-ups surge, and Discord  —  Discord, Mastodon and other services are bustling as Twitter fans make backup plans for their online social lives.