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October 31, 2022, 3:35 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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BBC, USA Today, Financial Times, The Information, Bloomberg, VICE, Techdirt, Garbage Day, PYMNTS.com, CNN, Insider, ZDNet, The Hill, Ars Technica, Quartz, Reuters, TechCrunch, TIME, WRAL TechWire, Tubefilter, SlashGear, Droid Life, CryptoPotato, Fortune, MobileSyrup, Variety, New York Post, iPhone Hacks, CoinGape, Engadget, TechSpot, PLYR1NE Newsletter, Android Headlines, The Economic Times, Watcher Guru, BGR, iMore, Deadline, MSPoweruser, TechRadar, KnowTechie, iPhone in Canada Blog, City A.M., Tech Advisor, MediaNama, PCMag, TechCircle, ExchangeWire.com, Firstpost Tech, and iThinkDifferent
Tweets: @elonmusk, @jason, @reckless, @alexeheath, @stephenking, @alexeheath, @mmasnick, @i_zzzzzz, @cd_hooks, @nickstatt, @antoniogm, @astrokatie, @tszzl, @martinslewis, @gergelyorosz, @trustnobis, @k8em0, @mattyglesias, @realtimvine, @chey_cobb, @taylorlorenz, @sm, @danslott, @iamtexture, @asharangappa_, @joannastern, @bchesky, @katzonearth, @evan_greer, @stevenglinert, @drmistercody, @privacylaw_jjw, @reckless, @mattwalshblog, @mexopolis, @tszzl, @mattblaze, @michaelaokla, @pt, @kendrawrites, @emmetpeppers, @joshtpm, @simplylay, @profcarroll, @alexhern, @fawfulfan, @hotchnersgf, @sarthakgh, @can, @ernopp, @turnernovak, @jburnmurdoch, @eric_seufert, @krishnanrohit, @calebsaysthings, @thestalwart, @fawfulfan, @andrewwrites, @chescaleigh, @nickstatt, @danprimack, @malwaretechblog, @gergelyorosz, @dalailama, @joesiegler, @mikalfm, @rob_sheridan, @michaelcrider, @maxberger, @runasand, @moorehn, @kevinrose, @seangentille, @joshtpm, @parismarx, @cyynapse, @oranicuhh, @gergelyorosz, @nickstatt, @ajaraden, @jackallisonlol, @mikeelgan, @byyourlogic, and @dellcam
| Axios: |
Sources: Elon Musk told Twitter engineers to work on a Vine reboot that may be ready by the end of 2022; Twitter acquired Vine in 2012 and shut it down in 2016 — Elon Musk has instructed Twitter engineers to work on a Vine reboot that could be ready by year end, multiple sources tell Axios.
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TechCrunch, Digital Trends, Mercury News, TheStreet, iPhone in Canada Blog, PCMag, SlashGear, and Mashable
| Casey Newton / Platformer: |
| Washington Post: |
Source: Elon Musk plans to lay off 25% of Twitter's 7,000+ staff in the coming days — The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce — SAN FRANCISCO — Members of billionaire Elon Musk's inner circle huddled with Twitter's remaining …
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Washington Post, Ars Technica, Video Games Chronicle, The Atlantic, The Guardian, TechCrunch, Protocol, Fortune, Decrypt, San Francisco Business Journal, Reuters, Insider, iPhone in Canada Blog, New York Post, Bloomberg, Financial Times, NBC News, and WRAL TechWire
Tweets: @mikeisaac, @elonmusk, @taylorleese, @massawyrm, @ericuman, @caspiancey, @taylorleese, @washingtonpost, @faizsays, @lizzadwoskin, @washingtonpost, @teddyschleifer, @washingtonpost, @bruceqburke, @jdcmedlock, @catstaggs, @carnage4life, @shiraovide, @mmasnick, @tomgara, @carlquintanilla, @shannonpareil, @hacks4pancakes, @kylesouther1, @davidheniguk, @grady_booch, @washingtonpost, @techwontsaveus, @r0wdy_, @johnhawkinsrwn, @amandarivkin, @ruskin147, @johnmcquaid, @daveyalba, @washingtonpost, @parismartineau, @katymontgomerie, @lukeplunkett, @gergelyorosz, and @garywhitta
| 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.
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Bloomberg, The Verge, TechCrunch, Insider, and Axios
| Financial Times: |
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in late March 2022, falling apart in July, and 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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SlashGear, The Guardian, and The Economic Times
Tweets: @sindap, @marioescribano_, @matt_levine, and @mroliverbarnes
| Alex Heath / The Verge: |
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SlashGear, Insider, The Economic Times, Digit, New York Post, Coinspeaker, and Dinner Table Don'ts
Tweets: @sriramk, @alexeheath, @nickrw, @alexeheath, @joshelman, @mniehaus, and @dansaltzstein
| Alyssa Lukpat / Wall Street Journal: |
The world's top 20 tech billionaires have lost $480B+ on paper in 2022; Mark Zuckerberg's wealth dropped by $87B+, and Elon Musk and Jeff Bezos lost $58B+ each — 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, Daily Mail, and Philip Elmer‑DeWitt
Tweets: @steventdennis, @mattyglesias, @robinwauters, @gunnelswarren, @nspector4, and @iseff
| Selina Cheng / Wall Street Journal: |
Inside Foxconn's Zhengzhou iPhone plant as the company uses harsh lockdown measures to try to contain a weekslong COVID-19 outbreak in a crucial ordering period — 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, AppleInsider, Insider, Financial Times, Financial Times, 9to5Mac, AppleInsider, Nikkei Asia, The Guardian, Associated Press, Financial Times, iPhone Hacks, The Mac Observer, Fortune, WinBuzzer, City A.M., iThinkDifferent, Bloomberg, Bloomberg, PYMNTS.com, iPhone in Canada Blog, MacDailyNews, iMore, Associated Press, BGR, Neowin, South China Morning Post, and The Information
Tweets: @stephenmcdonell, @mingchikuo, @songpinganq, @bangxiao_, @chenchenzh, @songpinganq, @adam_tooze, @williamyang120, @kevinkfyam, @manyapan, and @jchengwsj
| 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 …
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Federal Trade Commission, PCMag, BleepingComputer, Engadget, and Reuters
Tweets: @edzitron, @nytimestech, @frankcatalano, and @natashanyt
| Wall Street Journal: |
TuSimple's board fires CEO Xiaodi Hou after finding that the company shared confidential information with Chinese trucking startup Hydron; the 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 and Reuters
| Wall Street Journal: |
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Forbes, TechCrunch, PingWest, The Verge, TuSimple Holdings, Inc., and FreightWaves
Tweets: @niubi, @john__rosevear, and @byron_wan
| Ben Thompson / Stratechery: |
Debunking five myths that may be sinking Meta's stock, including claims of Facebook users deserting, Instagram engagement falling, and TikTok dominating — What happened to Meta last week — and my response to it — expressed in meme-form: — In 2018, the market was panicking … | 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:
TechCrunch, The Verge, and SlashGear
Tweets: @joinmastodon, @joinmastodon, @joinmastodon, @mer__edith, @sgirardclos, @joinmastodon, @zeithistoriker, @mjg59, @davewiner, @uint8_t, @dsquintana, @1br0wn, @blakereid, @wfkars, @decustecu, and @norareed
| 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 … Sponsor Posts
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