Techmeme
November 1, 2022, 9:00 AM

Top News

Bloomberg:
Sources: Twitter froze some staff access to content moderation and policy enforcement tools, raising worries about a misinformation spike before the US midterms  —  Twitter Inc., the social network being overhauled by new owner Elon Musk, has frozen some employee access to internal tools used …
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.
Lora Kolodny / CNBC:
Sources: Elon Musk asks trusted staff from his other companies, including 50+ from Tesla, two from Boring Company, and one from Neuralink, 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.
James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification would generate marginal revenue, even at $20/month, and create myriad problems, including enabling spammers  —  Elon Musk's latest brainwave risks alienating the users Twitter depends on and would expose it to lawsuits.
Kali Hays / Insider:
SEC filing: Jack Dorsey rolled over his remaining 2.4% stake in Twitter, worth $1B+, into X Holdings, which Elon Musk didn't have to pay to acquire the company  —  - Dorsey left his second stint as CEO of Twitter last year.  — A co-founder of the platform and friend of Musk, he's been supportive of the $44 billion takeover.
Matt Levine / Bloomberg:
Washington Post:
Nikhilesh De / CoinDesk:
Coinbase asks to file an amicus brief to back Ripple's case against the US SEC, which sued Ripple in 2020 for selling XRP as an allegedly unregistered security  —  The crypto exchange joins a trade group and other groups in arguing the SEC's case threatens the broader industry.
Andy Robinson / Video Games Chronicle:
Sony reports PlayStation Plus subscribers declined to 45.4M in Q2, down from 47.3M in Q1, and PlayStation Network MAUs dropped to 102M in Q2 from 103M in Q1  —  PlayStation Plus subscribers have dropped by nearly 2 million users since the revamped service launched in June.
Steve Dent / Engadget:
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 …
Vikas SN / Moneycontrol:
Google paused its in-app billing policy in India after the Competition Commission of India ruled not to restrict app developers from using third-party payments  —  Google said on November 1 it has paused enforcement of its in-app billing system in India following a recent ruling of the Competition Commission of India (CCI).

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