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October 28, 2022, 2:40 PM
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Washington Post:
Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and legal policy, trust, and safety 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 …
More: Wall Street Journal, Insider, The Verge, Bloomberg, Reuters, The i Paper, New York Times, CoinDesk, Reuters, The Atlantic, TechCrunch, Bloomberg, Fortune, San Francisco Business Journal, The Register, CNN, Decrypt, CNN, TechCrunch, TheStreet, The Hill, The Economic Times, Thurrott, TIME, Axios, Axios, Digit, Livemint, New York Times, ecoinomics, SlashGear, Gamereactor UK, BuzzFeed News, Redmond Pie, The Rooster, Forbes, The Irish Times, BBC, MobileSyrup, Neowin, Android Central, CNBC, KnowTechie, Tech.co, USA Today, New York Times, Watcher Guru, Coinspeaker, Protos, Wired UK, Bitcoinist.com, Social Signals, CryptoPotato, BGR India, Global Nerdy, and Washington Post
Tweets: @elonmusk, @thierrybreton, @walterisaacson, @davidfaber, @cz_binance, @nedsegal, @mmasnick, @yasminkhorram, @techemails, @mattzeitlin, @eliothiggins, @ben_rosen, @briannawu, @snowden, @biz, @repmtg, @binance, @sarthakgh, @beeple, @austinj, @nedsegal, @kashhill, @pwnallthethings, @lkrauss1, @sherman4949, @donie, @film_girl, @sifill_, @ericwallerstein, @jsnell, @repboebert, @gdickinson, @gasca, @ben_rosen, @drewharwell, @tedcruz, @lukewearechange, @duolingo, @seanspicer, @cwarzel, @vilile, @davemilbo, @striedinger, @jennaellisesq, @taylorlorenz, @marcoarment, @rsarver, @alexhern, @hsouthwellfe, @buzz, @spencerchen, @klonick, @danprimack, @cnbctech, @growing_daniel, @pulte, @film_girl, @paulg, @jason_kint, @lizzadwoskin, @backlon, @pwnallthethings, @campuscodi, @megan, @maxkennerly, @bondhack, @pkedrosky, @ashcryptoreal, @paulg, @karaswisher, @silvermanjacob, @keemstar, @paulmozur, @petestrzok, @mmasnick, @0xfoobar, and @esqueer_
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Bloomberg:
Source: Elon Musk plans to become Twitter's CEO, but may cede the role in the longer term  —  Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX.
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 …
Bloomberg:
Sources: Elon Musk asked Tesla engineers to meet with Twitter product leaders to review code, which Twitter can no longer change until the deal closes
Nilay Patel / The Verge:
“Welcome to hell, Elon”: Musk won't be able to grow Twitter users and revenue without enormous compromises and realizing that content moderation is the product  —  You break it, you buy it. … Twitter is a disaster clown car company that is successful despite itself …
David Gilbert / VICE:
Some users test the limits of Twitter's moderation system following Musk's takeover by using profane slurs, racial epithets, and other forms of hate speech  —  The very first hours of Musk's stewardship of Twitter have been dominated by users relishing their ability to use profane slurs and racial epithets.
Elon Musk / @elonmusk:
Elon Musk says Twitter will form a content moderation council with “widely diverse viewpoints” for making major decisions about content and reinstating accounts  —  Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes.
Todd Spangler / Variety:
Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape”
Michael Potuck / 9to5Mac:
Apple has awarded researchers nearly $20M, including 20 rewards of $100K+ each for high-impact issues, since opening its bug bounty program 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.
Reed Albergotti / Semafor:
Sources: Andreessen Horowitz is an investor in Android founder Andy Rubin's new hardware startup Simple Things and Marc Andreessen sits on the board  —  Reed is Semafor's Technology Editor, joining us from the Washington Post.  Sign up for the Semafor Tech newsletter to get his scoops …
Sarah Perez / TechCrunch:
Responding to user feedback, YouTube splits videos into three tabs on channel pages: Videos, Shorts, and Live, rolling out to all users in the weeks ahead  —  YouTube is rolling out a change impacting how videos appear on its platform.  The company today announced a redesign …
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
Kaya Yurieff / The Information:
Twitter confirms the company shut down its Ticketed Spaces test indefinitely before Elon Musk's takeover  —  Before Elon Musk's takeover of Twitter, the company paused paid tickets to its live audio feature Spaces, the social network confirmed.  “We've paused the Ticketed Spaces test indefinitely …
More: Livemint and Engadget
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

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From Mediagazer

Lucas Shaw / Bloomberg:
Sources: Warner Bros. Discovery plans more cost-cutting to hit financial targets for next year, including raising Max prices and the possibility of more layoffs

Aisha Malik / TechCrunch:
The New York Times Games rolls out a Wordle archive with 1,000+ past puzzles for “Games” and “All Access” subscribers, and adds its WordleBot to NYT Games app

Benjamin Mullin / New York Times:
The NYT added 210,000 digital subscribers in Q1, for 10.5M subscribers in total, up 8% YoY, and ad revenue fell 2.4% YoY to $103.7M; the OpenAI lawsuit cost $1M

More News

Earlier Picks

Ari Levy / CNBC:
Meta, which hit a $1T market cap in June 2021, is no longer among the 20 most valuable US companies, after losing $730B+ in value since its September 2021 peak
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