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November 3, 2022, 7:45 PM
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| New York Times: |
Sources: Elon Musk and his Twitter advisers discussed adding paid DMs, which would let users privately message “Very Important Tweeters” — The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
More:
Big Technology, The Verge, and MUO
Tweets: @kurtwagner8, @wongmjane, @esthercrawford, @rmac18, @mikeisaac, @ariehkovler, @brianmcc, @dantwany, @ibd_ecarson, @parkerortolani, and @rmac18
| Will Oremus / Washington Post: |
Sources: Twitter staff have yet to receive a single official message since Elon Musk took over, relying instead on his tweets, media reports, and private chats — Workers follow new boss's tweets and share rumors on anonymous apps amid silence from leadership on firings, staff cuts and product changes.
More:
Bloomberg, The Verge, Ars Technica, Reuters, Fortune, Insider, Axios, Collective Action in Tech, The Register, SlashGear, Mercury News, Digiday, The Guardian, Adweek, Thurrott, Observer, TheGamer, and TechSpot
Tweets: @willoremus, @willoremus, @willoremus, @davetroy, @loriamontgomery, @mattbc, @adamserwer, @jesselehrich, @katies, @marketurbanism, @gergelyorosz, @cassiecodes, @willoremus, @heihachimachi, @kurtwagner8, @minhtngo, @secretnofun, @lib_crusher, @stonekettle, @damianpaletta, @issielapowsky, and @schwarz
| Casey Newton / Platformer: |
Sources: Twitter's newsletter platform Revue, acquired in early 2021, is scheduled to close by the end of the year, and its Notes product has been paused — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow, on Thursday employees once again endured …
More:
Financial Times, The Guardian, and Bloomberg
| Annie Palmer / CNBC: |
Amazon pauses hiring for roles in its corporate workforce, after announcing in October plans to freeze hiring for corporate roles in its retail business — KEY POINTS — Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
More:
About Amazon, Engadget, Australian Financial Review, TechCrunch, Seattle Business Journal, Associated Press, CNN, PYMNTS.com, iMore, BGR, Neowin, Reuters, The Register, SiliconANGLE, GeekWire, The Information, and The Verge
Tweets: @gergelyorosz and @thedomino
| Jennifer Surane / Bloomberg: |
Memo: Stripe plans to lay off 14% of its staff this week, reducing its headcount by 1,000+ to almost 7,000, to trim expenses in preparation for “leaner times” — Stripe Inc., one of the world's most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn.
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CNBC, Stripe, Forbes, TechCrunch, Microsoft Tech Community, Crowdfund Insider, The Information, Payments Dive, San Francisco Business Journal, Business Post, Reuters, The Block, CryptoSlate, CoinDesk, Silicon Republic, RTÉ, and Wall Street Journal
Tweets: @kateclarktweets, @mikeisaac, @markdistef, @librariancap, @kr00ney, @gergelyorosz, @om, @cee_pain, @levie, @alexrkonrad, @nmasc_, @mdudas, @buccocapital, @kvlly, @ricburton, @gergelyorosz, @sue_bohn, @copyconstruct, @irreverentmike, @adrianweckler, @makispoke, @eladgil, @izakaminska, @cavandy, @kateclarktweets, @film_girl, @stop, @asolove, @shaneoleary1, @paulcolgan, @ow, @mikeisaac, @carlquintanilla, @mcwm, @kateclarktweets, and @liron
| Wall Street Journal: |
Lyft plans to cut 13% of its 5,000+ employees, or nearly 700 jobs, due to “a probable recession”, after laying off 60 people, or under 2% of staff, in July 2022 — Ride-hailing company, which is cutting 13% of staff, maintained its earnings outlook
More:
Lyft, CNBC, Protocol, PYMNTS.com, CNN, San Francisco Business Journal, Fortune, Gizmodo, Neowin, Bloomberg, Barron's Online, The Information, CNET, Reuters, TechSpot, The Verge, and WRAL TechWire
Tweets: @davemcclure, @modestproposal1, @izakaminska, @jessicalessin, and @preetika_rana
| Dan Milmo / The Guardian: |
TikTok plans to update its privacy policy on December 2 to confirm that its staff outside of Europe, including in China, can access the data of European users — Privacy policy update confirms data of continent's users available to range of TikTok bases including in Brazil, Israel and US
More:
The Information, Metacurity, Quartz, BBC, Tubefilter, The Irish Times, TechCrunch, Light Reading, and CNN
Tweets: @isaacstonefish, @vtchakarova, and @lukolejnik
| Sarah Perez / TechCrunch: |
WhatsApp launches Communities, a structured discussion group feature for of up to 1,024 people, in testing since August 2022, worldwide over the next few months — WhatsApp today is officially launching Communities, the new feature offering larger, more structured discussion groups that first entered into testing earlier this year.
More:
MacRumors, Engadget, Moneycontrol, iThinkDifferent, MobileSyrup, Android Central, IT PRO, BigTechWire, MSPoweruser, iMore, PCMag, GSMArena.com, MUO, and WinBuzzer
| Jennifer Pattison Tuohy / The Verge: |
Amazon plans to roll out the Matter over Wi-Fi standard to 17 Echo devices in December, starting with Android phones, covering smart plugs, bulbs, and switches — Amazon will start its Matter journey slowly, bringing support for the new smart home standard to 17 Echo devices in December.
More:
alexa-blog, Connectivity Standards …, Android Police, Gizmodo, 9to5Mac, Redmond Pie, NextPit, TechCrunch, Thurrott, 9to5Google, ZDNet, iPhone in Canada Blog, Engadget, 9to5Mac, iMore, Appuals.com, and MacRumors
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| James Vincent / The Verge: |
Google unveils an AI model trained on 400+ languages with the largest “coverage seen in a speech model” and plans to support the 1,000 most spoken languages — Google has announced an ambitious new project to develop a single AI language model that supports the world's “1,000 most spoken languages.”
More:
Android Central
| Sharon Goldman / VentureBeat: |
OpenAI releases a DALL-E API in public beta, letting developers integrate DALL-E into their apps and products; the API is priced per image output, based on size — Get ready, developers: Today, OpenAI released the hotly anticipated DALL-E API in public beta, which means developers … | Sarah Perez / TechCrunch: |
Substack announces Chat, an opt-in feature letting writers host discussions with their subscribers, available in the Substack iOS app and coming soon to Android — Another company hoping to capitalize on Twitter's upheaval in the wake of Elon Musk's takeover is the newsletter platform Substack.
More:
On Substack, Neutral Density, Search Engine Journal, and Engadget
Tweets: @ericnewcomer, @niubi, @hamishmckenzie, @hamishmckenzie, and @substackinc
| Ivan Mehta / TechCrunch: |
Twitter cancels its Chirp developer conference set for November 16 in San Francisco as the team builds “some things that we're excited to share with you soon” — Twitter is canceling its developer-focused Chirp conference amid management transition, the company said late Thursday.
More:
SlashGear. Tweets: @twitterdev, @karissabe, @harrymccracken, @simonw, @twitterdev, @metzinaround, @igorbrigadir, @i_am_daniele, and @karissabe
| Sarah Perez / TechCrunch: |
In the coming weeks, Google will update Gmail to show live package tracking for order confirmation emails under the sender's name in the inbox — Google announced today a small but useful update to Gmail that will allow users to soon be able to track their upcoming package deliveries directly from their inbox.
More:
The Keyword, Thurrott, Fox News, iThinkDifferent, BigTechWire, TechRadar, CNBC, Tom's Guide, and MacRumors
Tweets: @dcseifert and @quinnypig
| Kif Leswing / CNBC: |
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — - Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
More:
Bloomberg, CoinDesk, The Information, Protocol, Reuters, Block, Inc., Seeking Alpha, MarketWatch, and Crowdfund Insider
| Jordan Novet / CNBC: |
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+ — - Twilio's quarterly revenue projection was softer than analysts had been looking for. — The company added about 5,000 active customer accounts in the quarter.| Thomas Brewster / Forbes: |
Police and other sources say Block's Cash App has become a primary payment tool for adult and children sex traffickers due to lax monitoring and user ID rules — The Twitter and Block billionaire made Cash App into a $700 million monster. Now police officers, nonprofit critics and current … | Preetika Rana / Wall Street Journal: |
DoorDash reports Q3 revenue up 33% YoY to $1.7B, orders up 27% YoY to 439M, and net loss up 193% YoY to $296M; the stock jumps 15%+ on strong Q4 guidance — The delivery company issued better-than-expected guidance for the current quarter — DoorDash Inc.'s DASH 5.52%increase …
More:
DoorDash, Inc., CNBC, and MarketWatch
| TechCrunch: |
Ajit Mohan, the head of Meta India who joined the company in January 2019, has left to become the president of Snap's Asia Pacific business — Ajit Mohan, the head of Meta in India, has left the firm and joined rival Snap, according to sources familiar with the matter.
More:
Reuters, Adweek, Bloomberg, Moneycontrol, PYMNTS.com, Reuters, LinkedIn, Firstpost Tech, NDTV, The Economic Times, Entrackr, Inc42 Media, and Reuters
Tweets: @madhavchanchani and @chandrarsrikant
| Chris Stokel-Walker / MIT Technology Review: |
Bot Sentinel: ~877K Twitter users deactivated their accounts and 497K suspended their accounts between October 27 and November 1, more than double the usual — Estimates from Bot Sentinel suggest that more than 875,000 users deactivated their accounts between October 27 and November 1, while half a million more were suspended.| Erin Mulvaney / Wall Street Journal: |
Ericsson's Vonage agrees to pay $100M to settle FTC allegations about creating obstacles to canceling internet-based phone services and charging unexpected fees — Agreement with Ericsson subsidiary represents largest penalty in FTC enforcement push to stop companies from creating obstacles to consumer cancellations| Nelson Wang / CoinDesk: |
Coinbase Q3: net revenue down 28% QoQ to $576M, net loss down 50% QoQ to $545M, subscription and services up 43% QoQ, and monthly transacting users down to 8.5M — The crypto exchange's transaction revenue fell 44% from the second quarter. — Crypto exchange Coinbase (COIN) …
More:
Bloomberg, The Block, Financial Times, Protocol, Decrypt, Coinbase Global, Inc., CNBC, CryptoSlate, Ethereum World News, and Bloomberg
Tweets: @b1ockgreg, @crypto, and @fintechfrank
| Stephanie Lai / New York Times: |
US political groups are increasingly using influencers, a practice the FEC's campaign finance laws do not regulate, relying on an honor system for disclosures — Campaigns are using social media influencers as a way to reach young and diverse voters, a novel and mostly unregulated strategy.| Mia Sato / The Verge: |
Patreon launches its native ad-free video hosting tool out of beta for creators on pro and premium plans, removing the need for third-party embeds and links — The update marks a major shift in how creators on Patreon can share video content with fans. Previously, creators had to upload videos …
More:
TechCrunch, Patreon Blog, Engadget, TechRadar, Game Rant, PCMag, and Observer. Tweets: @juliangutman
| Jennifer Surane / Bloomberg: |
PayPal reports Q3 revenue up 12% YoY to $6.85B, vs. $6.81B est., and payments volume up 14% YoY to $337B, vs. $343.2B est.; stock drops 8%+ on lower FY forecast — PayPal Holdings Inc. trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. The shares fell as much as 14%.
More:
The Block, Reuters, CNBC, and Barron's Online
| Bloomberg: |
Sources: Twitter aims to charge for verification as soon as November 7, give current verified users a multi-month grace period, and make the edit button free — 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:
Wired, The Verge, The Verge, Moneycontrol, Vanity Fair, CryptoPotato, Associated Press, USA Today, VICE, crypto.news, Cointelegraph, Reuters, Newser, Digital Trends, Los Angeles Times, Second Guess, iMore, and MSPoweruser
Tweets: @davidsacks, @elonmusk, @robertkazinsky, @elonmusk, @vitalikbuterin, @davidakaye, @elonmusk, @aoc, @atrupar, @halomancer1, @oliviasolon, @malwaretechblog, @hashtaggriswold, @maxboot, @williamshatner, @sarahfrier, @blogjam, @julian_epp, @robleathern, @hkesvani, @punishedmother, @prchovanec, @felixsalmon, @simonstalenhag, @cobie, @killermartinis, @hsajwanization, @matt_levine, @keffals, @maxberger, @johncoogan, @erikvoorhees, @q_review, @mollyjongfast, @jbarro, @joshuaphilll, @ariehkovler, @silvermanjacob, @danrather, @rightwingcope, @joshuamzeitz, @atrupar, @hunterwalk, @mepfuller, @nandoodles, @timcast, @caitiedelaney, @campuscodi, @eliothiggins, and @mnateshyamalan
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