Techmeme
October 28, 2022, 12:55 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:
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.
Amazon:
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 …
Meghan Bobrowsky / Wall Street Journal:
Earnings from Amazon, Microsoft, Meta, Alphabet, Intel, and others signal the tech boom is over, as inflation, lower demand, and interest rates weigh on results  —  Tech giants embark on belt tightening to ease investor concerns over slowing growth  —  A week of earnings by big technology companies …

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Ari Levy / CNBC: