Techmeme
October 28, 2022, 12:30 PM

Top News

Washington Post:
Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde  —  Musk's $44 billion deal to acquire the social media company closed on Thursday night  — Elon Musk became Twitter's owner late Thursday …
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Nilay Patel / The Verge:
“Welcome to hell, Elon”: Musk won't be able to grow Twitter users and revenue without compromises and realizing that content moderation is the main product  —  You break it, you buy it. … Twitter is a disaster clown car company that is successful despite itself …
Bloomberg:
Source: Elon Musk plans to become Twitter CEO, but may cede the role, and reverse lifetime bans, including eventually for Donald Trump  —  Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm …
Kate Conger / New York Times:
Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving to cash-based employee compensation  —  The social media company went public in 2013.  But Elon Musk is taking it private as part of his acquisition of the firm.
Anders Melin / Bloomberg:
Analysis: with Elon Musk cleaning out Twitter's executive ranks, CEO Parag Agrawal is eligible to receive ~$50M, CFO Ned Segal $37M, and Vijaya Gadde $17M  —  Three of Twitter Inc.'s top executives who were said to be fired after Elon Musk completed his takeover are poised to collect …
Todd Spangler / Variety:
Bloomberg:
Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B; stock is up 6%+  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 9.67% YoY to $42.63B, iPad down 13.06% YoY to $7.17B, Other Products up 9.85% YoY to $9.65B, and Services up 4.98% YoY to $19.19B  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Michael Potuck / 9to5Mac:
Apple says it has awarded researchers ~$20M total, including 20 rewards of $100K+ each for high-impact issues, since opening its bug bounty in December 2019  —  Along with announcing its new Lockdown Mode feature this past summer, the company mentioned an upgraded bounty program, a donation to fund ethical security research, and more.
Sarah Perez / TechCrunch:
Responding to user feedback, YouTube splits video content into three tabs on channel pages: Videos, Shorts, and Live  —  YouTube is rolling out a change impacting how videos appear on its platform.  The company today announced a redesign that now splits video content into three different tabs …

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