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October 31, 2022, 2:00 PM
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| Alex Heath / The Verge: |
Sources: Twitter could make Twitter Blue a $20/month subscription that verifies users; staff have until November 7 to build the feature or face being fired — Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave.
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Tweets: @elonmusk, @elonmusk, @jason, @reckless, @alexeheath, @stephenking, @alexeheath, @cd_hooks, @antoniogm, @astrokatie, @tszzl, @i_zzzzzz, @gergelyorosz, @trustnobis, @nickstatt, @mmasnick, @k8em0, @martinslewis, @danslott, @mattyglesias, @chey_cobb, @sm, @mexopolis, @taylorlorenz, @thestalwart, @evan_greer, @sethanikeem, @iamtexture, @can, @dangillmor, @asharangappa_, @rcmb323, @joannastern, @petekeeley, @fg_dolan, @bchesky, @wkamaubell, @katzonearth, @mattblaze, @bradmossesq, @stevenglinert, @drmistercody, @privacylaw_jjw, @reckless, @jeremymonjo, @ericgeller, @mattwalshblog, @gerritd, @tszzl, @hiattb, @mattblaze, @michaelaokla, @pt, @kendrawrites, @emmetpeppers, @joshtpm, @jackbutcher, @edbott, @simplylay, @profcarroll, @alexhern, @fawfulfan, @hotchnersgf, @sarthakgh, @can, @ernopp, @lukeplunkett, @turnernovak, @jburnmurdoch, @eric_seufert, @megreenwell, @krishnanrohit, @calebsaysthings, @pwnallthethings, @fawfulfan, @andrewwrites, @chescaleigh, @kevincollier, @nickstatt, @danprimack, @malwaretechblog, @gergelyorosz, @normcharlatan, @adrierising, @dalailama, @kimzetter, @joesiegler, @mikalfm, @rob_sheridan, @michaelcrider, @maxberger, @tomwarren, @runasand, @jbouie, @pwnallthethings, @moorehn, @kevinrose, @seangentille, @peteblackburn, @matthew_d_green, @joshtpm, @parismarx, @cyynapse, @oranicuhh, @alexrkonrad, @tahk0, @joshuagrubbsphd, @gergelyorosz, @disinformeddan, @benjaminwittes, @nickstatt, and @ajaraden
| Casey Newton / Platformer: |
Sources: Twitter is strongly considering taking away its verified users' badges if they don't subscribe to Twitter Blue — Under pressure to generate revenue quickly, Twitter's new CEO considers ending free verification — Twitter is strongly considering making its users pay to remain verified …
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Gizmodo, TechCrunch, Thurrott, Insider, Twitter Help Center, CoinGape, MobileSyrup, Internet Governance Project, Android Central, International Business Times, ZDNet, crypto.news, KnowTechie, PCMag, and MacRumors
Tweets: @caseynewton, @tiffanycli, @brendannyhan, @emilygorcenski, @hankgreen, @broderick, @ketanj0, @evleaks, @epiellie, @blackamazon, @g_e_anderson, @ascannerburkely, @brianyoung, @mgerrydoyle, @cfq, @cari_luna, @alwaystheself, @jhweissmann, @mattgurney, @justkelly_ok, @trentbwrites, @todgoldberg, @petergleick, @danushman, @shahmiruk, @malwaretechblog, @randyrenstrom, @tiffanycli, @mattgertz, @mmasnick, @klasfeldreports, and @hinadirah
| Washington Post: |
Source: Elon Musk plans to lay off 25% of Twitter's workforce in the coming days, focusing on sales, product, engineering, legal, and trust and safety — The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce — SAN FRANCISCO …
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Ars Technica, Washington Post, The Atlantic, The Guardian, Video Games Chronicle, San Francisco Business Journal, Reuters, iPhone in Canada Blog, Insider, New York Post, The Economic Times, Bloomberg, Financial Times, Livemint, and NBC News
Tweets: @mikeisaac, @elonmusk, @taylorleese, @massawyrm, @washingtonpost, @ericuman, @caspiancey, @taylorleese, @lizzadwoskin, @washingtonpost, @washingtonpost, @washingtonpost, @washingtonpost, @catstaggs, @r0wdy_, @lukeplunkett, @garywhitta, @carnage4life, @faizsays, @katymontgomerie, @teddyschleifer, @bruceqburke, @jdcmedlock, @shiraovide, @mmasnick, @tomgara, @carlquintanilla, @shannonpareil, @hacks4pancakes, @kylesouther1, @davidheniguk, @grady_booch, @washingtonpost, @techwontsaveus, @johnhawkinsrwn, @amandarivkin, @ruskin147, @johnmcquaid, @daveyalba, @parismartineau, and @gergelyorosz
| Lauren Hirsch / New York Times: |
Twitter faces ~$1B per year in interest expenses after Elon Musk's deal added ~$13B in debt, up from ~$50M in 2021 when operations generated ~$633M in cash flow — Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.| Financial Times: |
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in March, falling apart, and then closing late on October 27 — Even as his $44bn buyout came down to the wire, Elon Musk kept Twitter guessing. — Normally, lawyers and advisers on each side …
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The Guardian and The Economic Times
Tweets: @sindap, @marioescribano_, @matt_levine, and @mroliverbarnes
| Alex Heath / The Verge: |
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The Economic Times, Insider, SlashGear, Digit, Dinner Table Don'ts, New York Post, Coinspeaker, WRAL TechWire, and Mashable
Tweets: @sriramk, @alexeheath, @nickrw, @alexeheath, @mniehaus, @joshelman, @bendreyfuss, @carnage4life, and @dansaltzstein
| Alyssa Lukpat / Wall Street Journal: |
The top 20 tech billionaires globally have lost $480B+ on paper in the past year; Mark Zuckerberg's wealth drops by $87B+, Elon Musk and Jeff Bezos by $58B+ — Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies
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Bloomberg, Fortune, Axios, Philip Elmer‑DeWitt, and Daily Mail
Tweets: @steventdennis, @mattyglesias, @robinwauters, @gunnelswarren, @fmanjoo, @rwang0, @nspector4, and @iseff
| Selina Cheng / Wall Street Journal: |
Inside Foxconn's Zhengzhou iPhone plant as the company grapples with a weekslong COVID-19 outbreak during a critical period, leading to harsh lockdown measures — As it adheres to Beijing's strict epidemic controls, Apple's biggest smartphone assembler scrambles to keep production lines moving
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Reuters, Financial Times, AppleInsider, Financial Times, 9to5Mac, AppleInsider, Associated Press, The Guardian, Nikkei Asia, Fortune, Financial Times, City A.M., Associated Press, WinBuzzer, iThinkDifferent, iMore, PYMNTS.com, The Information, Bloomberg, MacRumors, CNBC, Bloomberg, iPhone in Canada Blog, MacDailyNews, iMore, BGR, TheStreet, Neowin, and South China Morning Post
| Wall Street Journal: |
TuSimple's board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+ — Self-driving trucking company's leadership faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup
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FreightWaves, PingWest, and Reuters
| Wall Street Journal: |
Sources: US-based self-driving trucking company TuSimple faces US federal probes into whether it improperly financed and transferred tech to a Chinese startup — Government authorities are investigating whether the U.S. self-driving trucking company defrauded investors by financing and transferring technology to China-backed Hydron
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TechCrunch, The Verge, The Information, and FreightWaves
Tweets: @niubi, @john__rosevear, and @byron_wan
| Natasha Singer / New York Times: |
The FTC accuses homework help app Chegg of security lapses, such as ~40M users' personal info and passwords stolen in 2018; Chegg agrees to boost data security — Chegg, a homework help app, exposed the data of 40 million users, including details about some students' sexual orientation and religion … | 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.
More:
SlashGear, Insider, and Bloomberg
Tweets: @joinmastodon, @joinmastodon, @joinmastodon, @mer__edith, @sgirardclos, @joinmastodon, @zeithistoriker, @mjg59, @davewiner, @uint8_t, @dsquintana, @1br0wn, @blakereid, and @wfkars
| 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 in select locations within a month — A pilot for a retail version will start within a month. — India's central bank will introduce a pilot wholesale central bank digital currency … | Benjamin Parkin / Financial Times: |
India's ban on Chinese video games has boosted its domestic industry but foreign publishers, wary of the heavy-handed approach, are afraid to invest — Heavy-handed approach drives domestic success, but executives worry foreign publishers now afraid to invest in country — It is the year 2500.| Stacy Elliott / Decrypt: |
CoinGecko: over the past year, normalized exchange volume has dropped 91% for Crypto.com, 90% for Huobi, 77% for FTX, 75% for Coinbase, and 57% for Binance — Bad ad or bad timing? Either way, trading is down big. — Whichever version of the Latin proverb you choose … Sponsor Posts
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Why eIDAS 2.0 might be the EU's boldest digital move yet — eIDAS: The first building block of digital trust More than a decade ago, the EU introduced the eIDAS regulation (Regulation [EU] No 910/2014) …
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