Techmeme
October 28, 2022, 2:35 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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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:
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:
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 …
Kif Leswing / CNBC:
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 …
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
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