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November 4, 2022, 1:05 PM
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| Faiz Siddiqui / Washington Post: |
Twitter begins laying off staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
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Wired, New York Times, The Verge, VICE, Collective Action in Tech, Wall Street Journal, Bloomberg, RTÉ, Insider, Bloomberg, BetaKit, BBC, The Economic Times, Wired, Engadget, Reuters, PCMag, Livemint, Politico, The Information, Insider, IGN, The Guardian, The i Paper, Profectio, CNN, ComputerWeekly.com, Elezea, Forbes, NBC News, The Irish Times, Attack of the 50 Foot …, Insider, Digit, TheGamer, Fossbytes, Tech in Asia, CNBC, Android Headlines, TechCircle, BGR India, iPhone in Canada Blog, and Silicon Republic
Tweets: @willoremus, @ruchowdh, @sbkcrn, @sheonhan, @joandeitchman, @oneunderscore__, @rachbonn, @kurtwagner8, @yashagarwalm, @chrisyounie, @caseynewton, @kurtwagner8, @mattdpearce, @scottnover, @biz, @monikabauerlein, @nikkimcr, @dickc, @joandeitchman, @arctictony, @thisisme0311, @tech_actions, @wiredbusiness, @maxkennerly, @oneunderscore__, @martinsfp, @jasonschreier, @carnage4life, @scottnover, @kayvz, @elibelly, @c7five, @ackocher, @oneunderscore__, @sarthakgh, @melcolmruffin, @emilyettel, @caseynewton, @chadloder, @kevinbankston, @mollyesque, @adambain, @caseynewton, @sarthakgh, @sg, @greenhousenyt, @hcuccinello, @scottnover, @mmasnick, @tron, @damienviel, @kurtwagner8, @brandyzadrozny, @lu_shennan, @pkafka, @katestarbird, @leakissner, @sg, @ashleymayer, @jaseemabid, @caseynewton, @sillyrobin, @krave, @oneunderscore__, @jamesrbuk, @wbm312, @jamesrbuk, @antonschulz, @mbfhunzaker, @ianbetteridge, @zoeschiffer, @enzetest, @ruchowdh, @hunterwalk, @joannag, @wiczipedia, @mmasnick, @hayskali, @okwonga, @jensantamaria, @alex_abads, @kiraoconnor, @ericajoy, @ciplukcarlita, @dsilverman, @darth, @gossithedog, @fmanjoo, @karaswisher, @harryh, @bborrman, @ruchowdh, @tomwarren, @lu_shennan, and @cbouzy
| Josh Eidelson / Bloomberg: |
Twitter workers file a class action lawsuit against the company in San Francisco for executing mass layoffs without at least 60 days notice, per the WARN Act — Twitter Inc. was sued over Elon Musk's plan to eliminate about 3,700 jobs at the social-media platform — half of its workforce …
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Moneycontrol, The Verge, TechCrunch, NBC News, The Information, Ars Technica, Fortune, VICE, USA Today, BuzzFeed News, TheStreet, MobileSyrup, SlashGear, New York Times, Variety, CNBC, Coinpedia Fintech News, Android Headlines, TechCabal, Daily Mail, TechCircle, New York Post, Insider, CoinGape, Watcher Guru, WRAL TechWire, TheGamer, and Gizmodo
Tweets: @lisabloom, @lmanul, @josheidelson, @ketanj0, @willoremus, @lisabloom, @scottnover, @elizabeth_joh, @tomcoates, @lisabloom, @evan_gocats, @drmistercody, @hallam, @amasna, and @jesselehrich
| Wall Street Journal: |
Elon Musk says Twitter has had a “massive” revenue drop due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists” — Chief of social-media company cites activist groups pressuring advertisers, as many staffers brace to lose jobs
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The Information, Bloomberg, VICE, The Economic Times, The Guardian, Fortune, Reuters, The Verge, New York Post, Insider, Axios, CNBC, Reclaim The Net, CoinGape, and New York Times
Tweets: @elonmusk, @kurtwagner8, @anildash, @grady_booch, @loloverruled, @noupside, @pt, @cabel, @brianklaas, @amasna, @piersmorgan, @lizrummy, @buccocapital, @cbouzy, @garyblack00, @georgetakei, @robdenbleyker, @jamessurowiecki, @bennyjohnson, @seldo, @aodespair, @checkmyadshq, @nberlat, @jilliancyork, @christinapushaw, @ggreenwald, @scalzi, @bradheath, @barry, @pt, @artemr, @edmundlee, @sdkstl, @oneunderscore__, @nicoleperlroth, @gerritd, @johnpaczkowski, @tomtomorrow, @charlesarthur, @cwarzel, @davewiner, @peterhimler, @fmanjoo, @steinkobbe, @stevekovach, @film_girl, @matthewstoller, @fmanjoo, @teroterotero, @carnage4life, @cwarzel, @markwby, @harrymccracken, @madhurchadha, @karaswisher, @katies, @rmac18, @maxberger, @heerjeet, @renato_mariotti, @soledadobrien, @timcast, and @timcast
| Reed Albergotti / Semafor: |
A profile of Twitter's global head of safety and integrity Yoel Roth, who has become one of few executives to gain Elon Musk's public support after his takeover — Reed is Semafor's Technology Editor, joining us from the Washington Post. Louise is a Technology Reporter for Semafor, joining us from NBC News.
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CNBC. Tweets: @rothschildmd, @daveyalba, @nicoleperlroth, @sociogeeks_, @semafor, @andrewdoyle_com, @ncweaver, @tomgara, @lmatsakis, and @reedalbergotti
| Wall Street Journal: |
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
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Wall Street Journal, CNBC, TechCrunch, Bloomberg, CNN, The Register, The Guardian, Insider, The Wrap, Ad Age, Associated Press, SlashGear, Washington Post, Mobile Dev Memo, AdExchanger, and New Republic
| New York Times: |
Sources: Elon Musk weighs adding paid DMs to let users privately message “Very Important Tweeters”; docs show Twitter Blue checks won't require ID verification — The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
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Engadget, Vanity Fair, TechCrunch, Protocol, Vox, Wall Street Journal, Insider, Mercury News, SlashGear, Social Media Today, and Bloomberg
Tweets: @rmac18, @wongmjane, @clarajeffery, @esthercrawford, @jason, @ariehkovler, @racheltobac, @alexhern, @smtuffy, @nycsouthpaw, @mikeisaac, @hankgreen, @hankgreen, @goldman, @jason, @clarajeffery, @racheltobac, @jyjault, @peg_perl, @dlind, @nikkimcr, @clarajeffery, @pt, @green_footballs, @radiofreetom, @catovitch, @danteatkins, @tomcoates, @tomcoates, @grogsgamut, @joshbutler, @oalexanderdk, @mattyglesias, @gwillowwilson, @leahmcelrath, and @modernistwitch
| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and pauses its new Notes product and crypto wallet — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
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Gizmodo, Decrypt, The Information, The Block, Vox, NBC News, and International Business Times
Tweets: @kurtwagner8, @mattnavarra, @niubi, @fmanjoo, @hunterwalk, @mcwm, and @ryneismean
| Reuters: |
Sources: Elon Musk told Twitter's teams to find up to $1B in annual infrastructure cost savings, including reduced spending on cloud services and server space — Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, according …
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Bloomberg, Ars Technica, Insider, Fortune, TechRadar, ZDNet, and Cryptopolitan
Tweets: @cubicleapril, @dhh, @valpancakes, @tante, @jendrawscomics, @iboudreau, @notshenetworks, @petrillic, @kyleworton, @tenderlove, @mattsheffield, and @peteccde
| Jay Peters / The Verge: |
Hands-on with Netflix's Basic with Ads: while most shows have pre-roll ads, mid-roll ads are more unpredictable; many popular shows are locked to higher tiers — Clicking into something on Netflix's new ads tier is a roll of the dice: you never know how many ads you might have to sit through.| Reuters: |
Chainalysis: Binance processed around $7.8B through Iran's largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron — Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended … | Fortune: |
How Reddit's blockchain-based Collectible Avatars, which avoid the NFT label, became popular; Polygon data shows the total sales volume was $10M+ by November 2 — At 2:59 p.m. ET on Oct. 20, when Reddit announced its second generation of collectible avatars, Ethan Clark was ready, phone in hand.| Vas Panagiotopoulos / Wired: |
A look at the use of biometric surveillance tech in European soccer stadiums; 15,000+ cameras will monitor fans in eight stadiums at the 2022 World Cup in Qatar — Stadiums around the world, including at the 2022 World Cup in Qatar, are subjecting spectators to invasive biometric surveillance tech.| Heather Somerville / Wall Street Journal: |
PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior full-year cycle, concentrated among large funds at Sequoia, Lightspeed, and others — Limited partners who back venture funds still seek access to startups, which have outperformed other asset classes during recessions| Juli Clover / MacRumors: |
PayPal plans to support iPhone's Tap to Pay in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options on merchant platforms, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal …
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Finextra, KnowTechie, and BGR
| Richard Waters / Financial Times: |
Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 — Companies are not going to let up spending despite weakening economy — Investors have grown accustomed to periodic leaps … Sponsor Posts
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