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November 7, 2022, 11:30 PM
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| Casey Newton / Platformer: |
Sources: Musk has pitched charging most or all users a subscription fee to use Twitter; internal estimates show the new Blue could actually lose Twitter money — Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
More:
Wired, CNN, New York Times, SlashGear, CNBC, CNET, MobileSyrup, and Insider
Tweets: @caseynewton, @popcrave, @carnage4life, @tomaxwell, @elliottgray, and @gergelyorosz
| Alex Heath / The Verge: |
Source: Twitter is telling advertisers the site added 15M+ mDAUs since the end of Q2, “crossing the quarter billion mark”; Musk also tweeted user numbers are up — Twitter's daily user growth hit “all-time highs” during the first full week of Elon Musk owning the platform … | Jonathan Vanian / CNBC: |
Early Twitter investor Chris Sacca says Elon Musk is “alone right now and winging this” and needs people around him who can “speak some truth to power” — - Venture capitalist Chris Sacca was one of Twitter's first investors and an early user.
More:
The Atlantic. Tweets: @sacca, @jason_paladino, @eghosao, @martinsfp, @dangillmor, @marceloclaure, @janusrose, @karaswisher, @anandramesh, @mmasnick, @nmasc_, @silvermanjacob, @blackgirlinmain, @jayrosen_nyu, and @maxapotter
| Andrew Rummer / The Block: |
FTX CEO Sam Bankman-Fried says “FTX is fine” as Binance begins selling FTX's FTT token; an Alameda balance sheet leaked on November 2 showed $8B in liabilities — - FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX's FTT token.
More:
CoinDesk, Bloomberg, CoinDesk, Coinpedia Fintech News, Forkast, Crypto Briefing, CryptoSlate, SiliconANGLE, crypto.news, NewsBTC, Cointelegraph, and The Information
Tweets: @cz_binance, @sbf_ftx, @carolinecapital, @ftx_official, @sbf_ftx, @sbf_ftx, @sbf_ftx, @ki_young_ju, @milesdeutscher, @sbf_ftx, @sbf_ftx, @timccopeland, @carolinecapital, @ftx_official, @versusbtc, @byzgeneral, @patio11, @bennetttomlin, @bitcoinissaving, @blockchainchick, @kurtwuckertjr, @sassal0x, @patio11, @bennetttomlin, @tree_of_alpha, @mikeburgersburg, @cryptoworldjosh, @aarondbennett, @bardstocks, @imnotthewolf, @iamdcinvestor, @iamdcinvestor, and @thorhartvigsen
| CoinDesk: |
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens received from exiting FTX equity in 2021; FTX-linked Alameda offers to buy them for $22 each — Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece. — Binance's CEO, responding to a CoinDesk scoop …
More:
The Block, Market Recap, Decrypt, Bitcoin Magazine PRO, ZyCrypto, Bloomberg, The Daily Hodl, CoinJournal, Protos, Cryptopolitan, Blockworks, The Weekly S#!, CryptoPotato, and CoinGape
Tweets: @cz_binance, @carolinecapital, @lawmaster, @cz_binance, @versusbtc, @timccopeland, @heyibinance, @lawmaster, @cz_binance, @heyibinance, @cz_binance, @cryptomanran, @frxresearch, @cz_binance, @cz_binance, @milesdeutscher, @lawmaster, @lawmaster, @jose34730, @prhillmann, @heyibinance, @thetaseek, @rewkang, @seyitaylor, @fossgregfoss, @lilmoonlambo, @armaniferrante, @prhillmann, and @pelioncap
| Oliver Knight / CoinDesk: |
The US DOJ seized 50,676 bitcoins in November 2021, now worth ~$1B, from James Zhong, who pled guilty to wire fraud for taking the coins from Silk Road in 2012 — The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they're worth $1.04 billion.
More:
U.S. Department of Justice, Ars Technica, Protos, Wired, CNBC, The Guardian, The Block, Watcher Guru, Trustnodes, The Verge, The Register, Crypto Briefing, Gizmodo, Tech Xplore, CryptoSlate, Crypto Daily, BTC Times, Blockworks, Insider, PYMNTS.com, Cryptopolitan, The Daily Hodl, crypto.news, SiliconANGLE, Financial Times, Wall Street Journal, Bitcoinist.com, and The Record
| David Pierce / The Verge: |
An interview with YouTube Shorts Director of Product Management Todd Sherman on UI challenges as YouTube rolls out the TikTok competitor to its TV apps — YouTube Shorts is working. That much Todd Sherman knows for sure. Sherman, the product manager behind YouTube's endless-scrolling …
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YouTube Official Blog, YouTube Viewers, MIT Technology Review, Livemint, XDA Developers, TechCrunch, Adweek, iMore, TechRadar, Social Media Today, Thurrott, BGR, 9to5Google, Android Central, Pocket-lint, Redmond Pie, Engadget, Deadline, Tubefilter, and Search Engine Journal
Tweets: @mattnavarra, @nealmohan, @dcseifert, and @gregfinn
| Andrew Hayward / Decrypt: |
Some NFT marketplaces stop honoring NFT royalties, usually a 5%-10% fee set by the creator and paid by sellers on secondary market sales, rocking the community — Creators sound the alarm after the marketplace reveals its plans, which include blacklisting rivals and potentially optional royalties.
More:
Cryptopolitan, ONE37pm, and CoinDesk
| Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q3 net bookings down 3% YoY to $1.83B vs. $1.7B est., and MAUs down 6% YoY to 368M; Modern Warfare II made $1B+ in its first 10 days — Activision Blizzard reported that its bookings for the third quarter ended September 30 fell 3% to $1.83 billion compared to a year ago.| Aisha Malik / TechCrunch: |
End-to-end encrypted messaging app Signal launches its Stories feature out of beta on Android and iOS; users' Stories will automatically expire after 24 hours — End-to-end encrypted messaging app Signal is rolling out a new Stories feature to all users on Android and iOS, the company announced on Monday.
More:
Signal Blog, The Verge, Digit, and XDA Developers
Tweets: @signalapp, @signalapp, @navalang, @chronotope, @popey, @mer__edith, @tante, @cubicleapril, and @tehabe
| Allison Pohle / Wall Street Journal: |
Airbnb plans to show the total cost of stays including cleaning fees in its search results starting in December 2022, after announcing a fee review in May 2021 — The travel company also says it will make predeparture cleaning requirements easier for customers to find earlier in their search
More:
Airbnb Newsroom, Insider, TechCrunch, BGR, iPhone in Canada Blog, KnowTechie, WRAL TechWire, Digital Trends, VICE, and Fortune
Tweets: @bchesky, @nomadicmatt, @rafat, @alexisohanian, @seyitaylor, @bchesky, @allisonpohle, @immad, @bchesky, and @modestproposal1
| Jane Lanhee Lee / Reuters: |
Nvidia is offering Chinese customers the A800 GPU, which it says meets US export control rules, as an alternative to its A100 chip that the US banned for export — U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed …
More:
South China Morning Post and Bloomberg
| Preetika Rana / Wall Street Journal: |
Lyft reports Q3 revenue up 22% YoY to $1.05B, riders up 7% YoY to 20.31M, vs. 21.3M est., and a $422.2M net loss, up from $99.7M YoY; the stock drops 10%+ — The number of people using the ride-sharing app grew less than analysts had been predicting — Uber, Lyft and the Crucial Challenge for Profitability in 2022
More:
Yahoo Finance, TechCrunch, Lyft, Inc., Barron's Online, Benzinga, MarketWatch, Reuters, Lyft, Inc., and SiliconANGLE
| Manish Singh / TechCrunch: |
Indian edtech startup Unacademy cuts 350 jobs, or 10% of its workforce, in its second round of layoffs this year after cutting 1,000 roles in April 2022 — Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoffs this year as the Indian edtech warns of harsh economic conditions.
More:
The Morning Context, Outlook, Moneycontrol, VCCircle, and The Economic Times
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