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November 4, 2022, 12:30 AM
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memeorandum
WeSmirchTop News
| New York Times: |
Sources: Elon Musk is weighing adding paid DMs to let users privately message “Very Important Tweeters”; docs: 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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Bloomberg, Big Technology, The Verge, and MUO
Tweets: @kurtwagner8, @wongmjane, @rmac18, @esthercrawford, @ariehkovler, @mikeisaac, @tomcoates, @clarajeffery, @goldman, @dlind, @pt, @ibd_ecarson, @gergelyorosz, @gwillowwilson, @leahmcelrath, @modernistwitch, @parkerortolani, @nameshiv, @kenbensinger, @laurenwilliams, @mattgertz, @matthewbevan, @radiofreetom, @sheeraf, @firstadopter, @rmac18, and @ryanlcooper
| Faiz Siddiqui / Washington Post: |
In an email, Twitter told its employees that layoffs will begin on Friday and they will receive an email with the subject line “Your Role at Twitter” by 9AM PST — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
More:
CoinDesk, SlashGear, MacDailyNews, and iPhone in Canada Blog
Tweets: @mattnavarra, @niubi, @caseynewton, @hunterwalk, @martinsfp, @mcwm, and @ryneismean
| Reuters: |
Sources: Elon Musk directed Twitter's teams to find $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 to two sources familiar … | 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.
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Bloomberg, Ars Technica, The Verge, BBC, Insider, TWC Newsletter, Attack of the 50 Foot …, Tech.co, The Pragmatic Engineer, Reuters, Digiday, Fortune, SlashGear, and VICE
| 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| 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.
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About Amazon, New York Times, SiliconANGLE, The Information, Engadget, Bloomberg, The Register, The Verge, BGR, GeekWire, Reuters, The Economic Times, PYMNTS.com, Neowin, and CNN
Tweets: @thedomino, @gergelyorosz, @lesliejosephs, and @conorjrogers
| 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, Insider, CNBC, Los Angeles Times, Bloomberg, CNN, Reuters, TechSpot, PYMNTS.com, CNET, Protocol, San Francisco Business Journal, The Information, WRAL TechWire, Gizmodo, and Neowin
Tweets: @modestproposal1, @izakaminska, @jessicalessin, @preetika_rana, and @davemcclure
| 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, Morning Brew, Stripe, Forbes, International Business Times, TechCrunch, Microsoft Tech Community, The Information, CryptoSlate, Crowdfund Insider, and Financial Times
Tweets: @mikeisaac, @gergelyorosz, @kateclarktweets, @markdistef, @yashar, @librariancap, @kr00ney, @humanworkplace, @tylerdinucci, @carnage4life, @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, @om, @carlquintanilla, @mcwm, @kateclarktweets, @liron, @chastaylor, @markdistef, @suzanbond, @brandur, @gergelyorosz, @madhavchanchani, @carnage4life, @makispoke, @micsolana, @sts_news, and @bdsams
| Kyle Wiggers / TechCrunch: |
Momento, which offers a “serverless cache” optimized for cloud computing that it claims developers can add with ~5 lines of code, exits stealth with a $15M seed — After working at NASA as a rover roboticist, Khawaja Shams underwent something of a career pivot …
More:
Momento, SiliconANGLE, and DevOps.com
| Juli Clover / MacRumors: |
PayPal plans to add support for iPhone's Tap to Pay feature in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal …
More:
The Verge, PayPal Holdings, Inc., 9to5Mac, iMore, AppleInsider, and The Apple Post. Tweets: @chancehmiller
| 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
| The Verge: |
AMD unveils the RX 7900 XTX for $999 and the lower powered RX 7900 XT for $899, its first GPUs built on the RDNA 3 chiplet architecture, coming December 13 — AMD has announced its next generation of graphics cards, the RX 7900 XTX and RX 7900 XT, which are the first cards powered by its new architecture, RDNA 3.
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Ars Technica, Gizmodo, OSnews, TechPowerUp, Digital Trends, Club386, Wccftech, Dexerto, TechRadar, IGN, PC Gamer, SlashGear, Appuals.com, and Tom's Hardware
| Jordan Novet / CNBC: |
Atlassian reports Q1 revenue of $807.4M, up 31% YoY, and forecasts lower than expected Q2 revenue; stock is down 20%+, after having fallen 54% already this year — - Atlassian's quarterly revenue outlook missed expectations. — The software maker said existing customers are adding users at a reduced pace.
More:
SiliconANGLE
| 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 … | Mark Gurman / Bloomberg: |
Sources: Apple paused hiring last month for many jobs outside of R&D, including some corporate functions and hardware and software engineering roles — Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading …
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The Mac Observer
| 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:
CoinDesk, Bloomberg, Block, Inc., The Information, Seeking Alpha, SiliconANGLE, Protocol, Crowdfund Insider, and MarketWatch
| Sarah Perez / TechCrunch: |
Mastodon says 230,000 people joined its open-source decentralized social network in the past week and the service has hit a record 655,000 active users — Open-source, decentralized social network Mastodon has been benefiting from the chaotic Twitter takeover by Elon Musk.
More:
Financial Times, Gizmodo, Data protection …, Politico, and 9to5Google
Tweets: @joinmastodon and @baekdal
| 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, AppleInsider, XDA Developers, CSA-IOT, TechCrunch, 9to5Google, iPhone in Canada Blog, Android Police, Redmond Pie, Appuals.com, Gizmodo, Pocket-lint, Thurrott, NextPit, and 9to5Mac
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| 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.| 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:
PYMNTS.com, Bloomberg, The Block, CNBC, Coinbase Global, Inc., Cointelegraph, Digiday, Protocol, Decrypt, Ethereum World News, Financial Times, and Bloomberg
Tweets: @b1ockgreg and @crypto
| 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.| 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
| 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 …
Tweets: @iblametom, @forbes, @iblametom, @elizableu, @forbes, @kimcrayton1, and @iblametom. Thanks:@alexrkonrad
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