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November 5, 2022, 8:50 AM
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Sources describe Twitter after mass layoffs: key teams gutted, severance packages account for WARN Act, ad hoc directories of remaining workers in Google Docs — I. The Snap — The email went out at 5:21 PT PT on Thursday. — For a full week, Twitter employees had waited in hopes … | Financial Times: |
Current and former Twitter staffers shed light on Musk's “War Room”, which includes Jason Calacanis and David Sacks, tasked with transforming Twitter's business — In his first week as owner, billionaire axed management, began mass job cuts and launched new products| The Verge: |
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New York Times, NBC News, Washington Post, TechCrunch, New York Times, Politico, Insider, CNBC, Engadget, NewsBTC, GeekWire, Bloomberg, and The Guardian
Tweets: @shannonrsingh, @joandeitchman, @contextfall, @gerardkcohen, @arctictony, @donmoyn, @gerardkcohen, @willoremus, @oneunderscore__, @kldivergence, @_micheleaustin, @jesselehrich, @nytimes, @ketanj0, @nytimes, @rnoweber, @indiecwilson, @aoc, @elainef, @antonschulz, @jaymefr, @nslwin, @b52malmet, @stevekovach, @habengirma, @bendreyfuss, @kateconger, @bgrueskin, @rmac18, @carnage4life, @arctictony, @redsteeze, @marklittlenews, @markjeffrey, @rmac18, @maxblumenthal, @mtracey, @edzitron, @jonbernhardt, @ryanmer, @evacide, @maxkennerly, @byajperez, @meghann, @ronbrownstein, @jsrailton, @oneunderscore__, @normative, @ggreeneva, @alexeheath, @hugovk, @nytimes, @nytimes, @niggi, @oneunderscore__, @cbouzy, @lisabloom, @scottnover, @joshelman, and @om
| Faiz Siddiqui / Washington Post: |
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San Francisco Chronicle, The Guardian, Wall Street Journal, Insider, Reuters, Gizmodo, Insider, NBC News, CNN, Mashable, Wired, BBC, Gizchina, Silicon Valley Business …, Ars Technica, Washington Post, Bloomberg, Reuters, and Crunchbase News
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| Wall Street Journal: |
Elon Musk says Twitter suffered “a massive drop in revenue” 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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Wall Street Journal, TIME, The Verge, CNBC, Adweek, VICE, Forrester, NBC News, Watcher Guru, Android Central, Associated Press, CNBC, Bloomberg, and Forbes
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| J.D. Capelouto / Semafor: |
A Birdwatch note adding context to Elon Musk's tweet about Twitter's revenue drop is gone; Musk called the community notes feature “awesome” earlier this week — Sign up for Semafor Tech, led by Reed Albergotti, to get our scoops and coverage of the industry's biggest stories in your inbox twice a week.
More:
Wall Street Journal and Bloomberg
Tweets: @dansinker, @elonmusk, @kevindaleydc, @tomdelonge, @esaagar, @martinsfp, @ia, and @evan_greer
| Brian Morrissey / The Rebooting: |
Elon Musk's focus on Twitter Blue is part of a trend in which consumer tech platforms pivot from advertising in favor of recurring revenue through subscriptions — Tech's marriage of convenience to the ad industry hits the rocks — Request: Please fill out this survey as I think through …
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New York Times. Tweets: @zeynep, @dabeard, @alexgibneyfilm, @iansherr, @hkanji, and @nytopinion
| Bloomberg: |
Sources: Apple is building a live TV ad network and talking to ad partners as part of its deal to stream Major League Soccer games starting in February 2023 — Apple Inc. is building an advertising network for live television as part of its deal to stream Major League Soccer games next year … | Lily Hay Newman / Wired: |
A look at the Rust programming language after 12 years, evolving from side project to robust ecosystem, as developers praise its security, ease, and performance — Rust makes it impossible to introduce some of the most common security vulnerabilities. And its adoption can't come soon enough.| Jordan Pearson / VICE: |
As chess explodes on Twitch, a look at Chess.com's Global Championship, its first in-person event since 2018, and “fair play” measures amid a cheating scandal — Cheating allegations have changed how chess is played, just as the game is shifting into looking a lot more like esports.| 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.
More:
Bloomberg, TechCrunch, Forbes, CoinGape, and SlashGear
| Casey Newton / Platformer: |
More:
One Knight in Product …, Bloomberg, Fortune, DCD, TechRadar, 500ish, and The Information
Tweets: @gwire, @dimensionmedia, @gray, and @cubicleapril
| Tage Kene-Okafor / TechCrunch: |
Cairo-based Money Fellows, which digitizes money circles or rotating savings and credit associations, raised a $31M Series B, bringing its total funding to $37M — Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment.| Deepsekhar Choudhury / Moneycontrol: |
Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt — Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers — A week after securing $120 million …
More:
The Morning Context, The Hindu BusinessLine, Financialexpress, The New Indian Express, Livemint, Business Today, and YourStory
Tweets: @moneycontrolcom and @chandrarsrikant
| Zeke Faux / Bloomberg: |
El Salvador's Bitcoin “revolution” is failing miserably and behind the debacle are crypto evangelists from wealthier countries who cheered on President Bukele — On an estuary along the coast of El Salvador, a few miles west of the Conchagua volcano, about 70 families live in a settlement called Flor de Mangle.
Tweets: @leomschwartz, @realmaxkeiser, @tgarcianyc, @bw, @skinosian, and @mdudas
| Jack Daleo / FreightWaves: |
Loop, a logistics payments startup that matches shipping invoices to pricing, raised $30M across a seed and a Series A from Founders Fund, Flexport, and others — Company handled $1B in payment volume in its 1st year … Here's a wild stat: Between 20% and 30% of all invoices today contain some form of exception or error.Sponsor Posts
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