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November 2, 2022, 9:40 PM
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| Bloomberg: |
Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, half of the company's workforce, starting November 4, and reverse its existing work-from-anywhere policy — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce …
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Insider, The Hill, The Information, Reuters, CNBC, Digital Trends, and Axios
Tweets: @hunterwalk, @realdvb, @paulcolgan, @parismarx, @qualityrye, @thecryptomonk, @martinsfp, and @hunterwalk
| Bloomberg: |
Sources: Twitter aims to charge for verification as soon as November 7, with a grace period for current verified users, and give all users edit button access — Twitter Inc. aims to start selling blue verification badges for user profiles as soon as next week, part of a plan by new owner Elon Musk …
More:
Platformer, The Verge, Wall Street Journal, iPhone in Canada Blog, MobileSyrup, New York Times, New York Post, The i Paper, and TIME
Tweets: @elonmusk, @aoc, @caseynewton, @sarahfrier, @scottnover, @steventdennis, @kurtwagner8, and @martinsfp
| Washington Post: |
Elon Musk says Twitter will not reinstate banned accounts “until we have a clear process for doing so, which will take at least a few more weeks” — After Zoom meeting, Twitter boss tweets that no suspended accounts will return to site until there is clear process for doing so
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Financial Times, VICE, Ars Technica, New York Times, Protocol, Free Press, Bloomberg, CNN, Wall Street Journal, USA Today, NBC News, Bloomberg, Politico, Mashable, SlashGear, Search Engine Land, New York Post, Associated Press, TechCrunch, Variety, Adweek, The Week, TheStreet, MobileSyrup, Newser, PCMag, and Reclaim The Net
Tweets: @elonmusk, @elonmusk, @elonmusk, @elonmusk, @elonmusk, @elonmusk, @aoc, @aoc, @jkfecke, @mcuban, @aoc, @davidsacks, @kimcrayton1, @goangelo, @timcast, @kofiemeritus, @sisterinferior, @mattwalshblog, @lizzadwoskin, @kimdotcom, @gheshes, @willoremus, @_barringtonii, @mmasnick, @timcast, @ajeetbhartii, @echo_chamberz, @kurtschlichter, @jennaellisesq, and @thevivafrei
| Tom Warren / The Verge: |
Sony plans to launch the PlayStation VR2 with Sense controllers and stereo headphones on February 22 for $550, £530, or €600; preorders open on November 15 — Sony will launch its PSVR2 headset on February 22nd priced at $549.99. The PSVR2 will be priced at $549.99 in the US …
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PlayStation.Blog, PlayStation.Blog, PlayStation on YouTube, Gizmodo, Road to VR, Forbes, IGN, TechCrunch, Press Start, WhatIfGaming, VRScout, Thurrott, GamingBolt, SlashGear, ZDNet, Gamereactor UK, Pocket-lint, BGR, Android Central, TechRadar, Neowin, Android Authority, Gameranx, Digital Trends, UploadVR, XDA Developers, Tech Advisor, T3, KnowTechie, Laptop Mag, Mashable, Polygon, Game Rant, Tom's Guide, PCMag, VentureBeat, Destructoid, and Ars Technica
| Mark Gurman / Bloomberg: |
Qualcomm expects to provide modem chips for the “vast majority” of iPhones in 2023, retaining its current foothold after previously planning to supply ~20% — Qualcomm Inc. will continue to provide the modem chips for the “vast majority” of iPhones in 2023 …
More:
The Verge, 9to5Mac, MacRumors, AppleInsider, Tom's Guide, iPhone in Canada Blog, iMore, Axios, and MacDailyNews
Tweets: @mytechmusings, @rogerentner, @tapbot_paul, and @inafried
| Reuters: |
More:
iTnews, Qualcomm Investor Relations, Thurrott, Wall Street Journal, CNBC, Bloomberg, and Android Central
Tweets: @markgurman and @benbajarin
| Kate Irwin / Decrypt: |
Meta is letting select Instagram US creators test a toolkit for minting NFTs and selling them on and off the platform, and says it won't charge fees until 2024 — Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be “subject to applicable app store fees.”
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Meta, Facebook, The Verge, Reuters, Stephane Kasriel, The Block, CoinDesk, Financial Times, Engadget, TechCrunch, 9to5Mac, Search Engine Journal, Phandroid, Social Media Today, MobileSyrup, BGR, Polygon | Blog, and Insider
Tweets: @solana, @0xpolygon, @metanewsroom, @ogdfarmer, @timccopeland, @aeyakovenko, @bchillman, @mihailobjelic, @0xpolygon, @skasriel, @fwiz, @0xsisyphus, and @codybrown
| Elisa Lipsky-Karasz / Wall Street Journal: |
A profile of, and interview with, Jony Ive, covering life before and after Apple, his design philosophy, his company LoveFrom, the importance of words, and more — can always write an awful lot that I can't draw,“ Jony Ive, the mastermind behind Apple's most revolutionary products, says as he holds up a Space Age-style coffee cup. ”
More:
MacRumors, iPhone in Canada Blog, 9to5Mac, and Insider
Tweets: @aidanhornsby, @chriswelch, @parkerortolani, @dsilverman, and @wsjmag
| Tom Warren / The Verge: |
Google expands Google Play Games beta for PC to the US, Canada, Mexico, Brazil, Indonesia, the Philippines, Malaysia, and Singapore, offering 85 Android games — Google Play Games is launching in open beta in the US today, allowing anyone to try out a selection of Android games on PC.| Ian Allison / CoinDesk: |
A financial document details some ties between Sam Bankman-Fried's FTX and Alameda Research; Alameda's biggest asset is $3.66B of unlocked FTT, an FTX token — Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed.
More:
Finbold. Tweets: @dylanleclair_, @mikeburgersburg, @raphschoen, @wublockchain, and @cryptadamist
| Manish Singh / TechCrunch: |
South Korea-based Wemade, which develops the Wemix blockchain gaming platform, raised ~$46M from Microsoft, Shinhan Asset Management, and Kiwoom Securities — Microsoft has backed Wemade, a popular video game developer that has made aggressive bets on blockchain in recent years … | Kyle Barr / Gizmodo: |
Malwarebytes: four malicious Android apps from developer Mobile apps Group, which has deployed malware before, remain on Google Play with millions of downloads — Google is still failing to catch malicious apps from being listed on its app store, but it seems that some developers …
More:
Malwarebytes Labs, Security Affairs, TechRadar, and Tom's Guide
| Patrick Clark / Bloomberg: |
Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss — Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered US housing demand.
More:
Opendoor, The Information, Silicon Valley Business …, GeekWire, Newser, and TechCrunch
Tweets: @rabois and @bowtiedbull
| Steven Musil / CNET: |
Former Apple employee Dhirendra Prasad pleaded guilty to mail and wire fraud charges after defrauding Apple of $17M+, including via kickbacks, starting in 2011 — Former parts buyer engaged in theft, taking kickbacks and inflating invoices, prosecutors say. — Steven Musil
More:
U.S. Department of Justice, NBC Bay Area, MacRumors, TechSpot, and USA Today
| Washington Post: |
Internal email: Twitter appears to be rushing out a “high”-risk “Paywalled Video” feature, letting users charge to view their videos, with Twitter taking a cut — The tool would let video creators charge users for access. The team working on it flagged big potential pitfalls.
More:
The Information, Gizmodo, Vanity Fair, IGN, Insider, Social Media Today, CNBC, Mashable, HotHardware, Cracker Barrel Barthian, iPhone in Canada Blog, MobileSyrup, SlashGear, and Tubefilter
| Todd Spangler / Variety: |
Roku reports Q3 revenue up 12% YoY to $761.4M, vs. $694M est., 21.9B streaming hours, and 2.3M active accounts added; the stock drops 18%+ on weak Q4 guidance — Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed …
More:
Roku Investor Relations, Silicon Valley Business …, Protocol, TechCrunch, Reuters, Barron's Online, and Deadline
Tweets: @xpangler and @justinlist
| Josh Sisco / Politico: |
Sources: the US DOJ is preparing to open an in-depth probe into Adobe's $20B takeover of Figma and has been contacting customers, competitors, and investors — The Justice Department is preparing to open an in-depth investigation of Adobe's $20 billion takeover of design collaboration company Figma … | The Block: |
SEC filing: Coinbase Chief Product Officer Surojit Chatterjee plans to step down on November 30 as the company restructures its product team into four divisions — Chief Product Officer Surojit Chatterjee is set to depart the exchange. — Coinbase revealed plans to overhaul its entire product team … | Meagan Simpson / BetaKit: |
Vancouver-based Dapper Labs, the NFT startup behind CryptoKitties and NBA Top Shot, lays off ~134 staff, or ~22% of its workforce; Dapper Labs has raised $600M+ — Dapper Labs has laid off around 22 percent of its staff, BetaKit has learned. — The company confirmed the layoffs to BetaKit … | Karen Hao / Wall Street Journal: |
China's Zhengzhou industrial park, home of Foxconn's most advanced iPhone plant, begins a weeklong lockdown to combat COVID-19's “severe and complicated” spread — HONG KONG—The industrial park where Foxconn Technology Group's iPhone assembly plant is struggling to maintain production amid …
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Reuters, BBC, New York Times, Daring Fireball, Fortune, CNBC, Washington Post, Bloomberg, MacDailyNews, iThinkDifferent, South China Morning Post, Six Colors, iMore, iPhone in Canada Blog, and BGR
Tweets: @vsoien, @pelstrom, @lindadalew, @pelstrom, @pelstrom, @pelstrom, and @lisaabramowicz1
| Hamish McKenzie / On Substack: |
Substack co-founder says it's time for a “real alternative” to Twitter, and plans features to let writers and readers “hang out”, show their status, and more — It's time you had your own private social network — If you're into writing and reading …
More:
Washington Post, SlashGear, Axios, and BGR India
Tweets: @julian_epp, @niubi, @hamishmckenzie, @niubi, @taylorlorenz, @ricmac, @david_moscrop, @dan_rowinski, @hunterw, and @bitinn
| Maria Heeter / The Information: |
Neobank Chime lays off 12% of its 1,300-person workforce, or ~150, citing “current market dynamics”; Chime raised $750M at a $25B valuation in August 2021 — Online banking startup Chime, which before this year's market meltdown had been widely seen as a candidate … | Annie Massa / Bloomberg: |
Robinhood reports Q3 revenue down 1% YoY to $361M, vs. $357.8M est., net loss down 87% YoY to $175M, and MAUs down 1.8M QoQ to 12.2M in September 2022 — Robinhood Markets Inc. posted third-quarter revenue that beat analysts' estimates as transaction-based income increased from the previous three-month period.
More:
CoinDesk, The Information, Robinhood Markets, Inc., Protocol, Blockworks, SiliconANGLE, The Block, Reuters, and Crypto Briefing. Tweets: @business
| Nivedita Balu / Reuters: |
eBay reports Q3 revenue down 5% YoY to $2.4B, vs. $2.32B est., gross merchandise volume down 11% YoY to $17.7B, active buyers down 11% YoY to 135M; stock up 6%+ — Ecommerce company eBay Inc (EBAY.O) on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped …
More:
Bloomberg and eBay Investor Relations
| Bloomberg: |
Apple's unionized Maryland store filed a complaint with the NLRB after Apple withheld medical, educational, and other new benefits given to non-union workers — Apple Inc.'s unionized retail store in Maryland is filing a complaint with the National Labor Relations Board after it was excluded …
More:
MacRumors, IAMAW, iMore, and AppleInsider
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