Techmeme
October 31, 2022, 7:15 PM

Top News

Axios:
Sources: Elon Musk told Twitter engineers to work on a Vine reboot that may be ready by the end of 2022; Twitter acquired Vine in 2012 and shut it down in 2016  —  Elon Musk has instructed Twitter engineers to work on a Vine reboot that could be ready by year end, multiple sources tell Axios.
Washington Post:
Source: Elon Musk plans to lay off 25% of Twitter's 7,000+ staff in the coming days  —  The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce  —  SAN FRANCISCO — Members of billionaire Elon Musk's inner circle huddled with Twitter's remaining …
Alex Heath / The Verge:
Sources: Twitter could make Twitter Blue a $20/month subscription that verifies users; staff have until November 7 to build the feature or face being fired  —  Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave.
Lora Kolodny / CNBC:
Sources: Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, to help at Twitter  —  - Tesla CEO Elon Musk, now sole director and CEO of Twitter, is asking employees of the social network to redesign their subscription and verification systems within one week.
Lauren Hirsch / New York Times:
Natasha Singer / New York Times:
The FTC accuses homework help app Chegg of security lapses, such as ~40M users' personal info and passwords stolen in 2018; Chegg agrees to boost data security  —  Chegg, a homework help app, exposed the data of 40 million users, including details about some students' sexual orientation and religion …
Alyssa Lukpat / Wall Street Journal:
The world's top 20 tech billionaires have lost $480B+ on paper in 2022; Mark Zuckerberg's wealth dropped by $87B+, and Elon Musk and Jeff Bezos lost $58B+ each  —  Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies
Ben Thompson / Stratechery:
Debunking five myths that may be sinking Meta's stock, including claims of Facebook users deserting, Instagram engagement falling, and TikTok dominating  —  What happened to Meta last week — and my response to it — expressed in meme-form:  —  In 2018, the market was panicking …
Selina Cheng / Wall Street Journal:
Inside Foxconn's Zhengzhou iPhone plant as the company uses harsh lockdown measures to try to contain a weekslong COVID-19 outbreak in a crucial ordering period  —  As it adheres to Beijing's strict epidemic controls, Apple's biggest smartphone assembler scrambles to keep production lines moving
The Intercept:
An investigation details the US DHS' ongoing plans to police misinformation on COVID-19, Afghanistan, Ukraine, and more; Meta built a portal to flag content  —  The Department of Homeland Security is quietly broadening its efforts to curb speech it considers dangerous, an investigation by The Intercept has found.
Samuel Stolton / Politico:
Sources: the EU is set to launch an in-depth probe into Microsoft's Activision Blizzard deal after Microsoft opted not to file remedies to antitrust enforcers  —  The European Commission is set to launch an in-depth investigation into Microsoft's record $69 billion splash …
More: Reuters
Mark Gurman / Bloomberg:
Sources: Apple's VP of online retail Anna Matthiasson is leaving the company, to be replaced by Karen Rasmussen; CIO Mary Demby is retiring after three decades  —  Apple Inc.'s top executives in charge of its online retail store and information-systems divisions are stepping down …
More: 9to5Mac

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Dan Milmo / The Guardian: