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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
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| Faiz Siddiqui / Washington Post: |
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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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| 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.
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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.
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Bloomberg, TechCrunch, Forbes, CoinGape, and SlashGear
| Casey Newton / Platformer: |
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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 …
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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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