This episode is brought to you by the new season of Mozilla's podcast IRL.

Host Bridget Todd shows how we can reclaim AI to put people over profit.

Listen wherever you get your podcasts or at IRLpodcast.org.

Welcome to Tech News Briefing, it's Thursday, October 26.

I'm Zoe Thomas for the Wall Street Journal.

Apple is trying to reduce its dependency on China as geopolitical and economic pressures

mount, but it's ties to one manufacturer are making that harder, and it's not Fox

Cotton, a company you've probably heard of, it's a business called Luckshare.

Our Tokyo Bureau Chief Peter Landers will be here to talk about luckshare, it's founder,

and how it became so crucial to Apple.

Starting with Meta though, the social media giant reported its largest quarterly revenue

in years, as demand for advertising picks up again.

The parent company of Facebook and Instagram said third quarter sales increased to just

over $34 billion, 23% higher than a year earlier.

Like other tech companies, Meta saw a drop in ad spending last year, as customers worried

about the state of the economy.

Meta's net profit for the three months through September was $11.6 billion, an increase

from last quarter and more than double what it was during the same period a year ago.

FTX founder Sim Bankman Freed is expected to testify today in his criminal trial.

Many legal observers see the decision to take the stand as a Hail Mary attempt to persuade

jurors that he never intended to defraud customers of his crypto exchange.

Meta Bankman Freed has been charged with stealing billions of dollars from FTX customers

...