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November 3, 2022, 5:35 PM
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| Bloomberg: |
Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, or half of the company's workforce, starting on November 4, and reverse its work-from-anywhere policy — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce …
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Bloomberg, The Verge, The Verge, Collective Action in Tech, Financial Times, Insider, The Verge, Ars Technica, New York Post, The Guardian, Payments Dive, Financial Times, The Guardian, MacDailyNews, Adweek, Thurrott, San Francisco Business Journal, WRAL TechWire, TheGamer, Mercury News, iMore, TheStreet, Fortune, and TechSpot
Tweets: @kurtwagner8, @esthercrawford, @sheonhan, @willoremus, @daniellecitron, @fchollet, @thecryptomonk, @mdudas, @schmittnyc, @mattbc, @adamserwer, @marketurbanism, @annevclark, @gossithedog, @gergelyorosz, @juliahobsbawm, @corpaltaddison, @corpaltaddison, @cassiecodes, @nick_craver, @kurtwagner8, @josephmenn, @kurtwagner8, @heihachimachi, @kurtwagner8, @joshuaphilll, @secretnofun, @lib_crusher, @defnotbeka, and @laurenthoman
| New York Times: |
Sources: Elon Musk and his advisers have discussed adding paid DMs to Twitter, which would let users send private messages to “Very Important Tweeters” — The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.| Will Oremus / Washington Post: |
Sources: Twitter staff have yet to receive a single official message since Elon Musk took over, relying instead on his tweets, media reports, and private chats — Workers follow new boss's tweets and share rumors on anonymous apps amid silence from leadership on firings, staff cuts and product changes.
More:
Insider, The Register, Mercury News, Bloomberg, and Observer
Tweets: @davetroy, @willoremus, @loriamontgomery, @jesselehrich, @katies, @minhtngo, @stonekettle, @damianpaletta, and @issielapowsky
| Bloomberg: |
Sources: Twitter aims to charge for verification as soon as November 7, give current verified users a multi-month grace period, and make the edit button free — Twitter Inc. aims to start selling blue verification badges for user profiles as soon as next week, part of a plan by new owner Elon Musk …
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Wired, The Verge, The Verge, Associated Press, USA Today, Moneycontrol, VICE, CryptoPotato, Insider, Cointelegraph, Digital Trends, Newser, Second Guess, Reuters, iPhone in Canada Blog, Insider, and Los Angeles Times
Tweets: @elonmusk, @davidsacks, @elonmusk, @robertkazinsky, @elonmusk, @aoc, @davidakaye, @vitalikbuterin, @williamshatner, @sarahfrier, @atrupar, @halomancer1, @oliviasolon, @malwaretechblog, @hashtaggriswold, @maxboot, @blogjam, @julian_epp, @kurtwagner8, @robleathern, @hkesvani, @punishedmother, @prchovanec, @felixsalmon, @simonstalenhag, @cobie, @killermartinis, @hsajwanization, @matt_levine, @keffals, @maxberger, @johncoogan, @erikvoorhees, @q_review, @mollyjongfast, @jbarro, @ariehkovler, @silvermanjacob, @danrather, @rightwingcope, @joshuamzeitz, @atrupar, @hunterwalk, @mepfuller, @nandoodles, @timcast, and @caitiedelaney
| Jennifer Surane / Bloomberg: |
Memo: Stripe plans to lay off 14% of its staff this week, reducing its headcount by 1,000+ to almost 7,000, to trim expenses in preparation for “leaner times” — Stripe Inc., one of the world's most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn.
More:
Stripe, CNBC, Forbes, Microsoft Tech Community, TechCrunch, Financial Times, PYMNTS.com, Wall Street Journal, Payments Dive, Finextra, Reuters, Neowin, The Information, Business Post, The Block, CryptoSlate, CoinDesk, Silicon Republic, and RTÉ
Tweets: @kateclarktweets, @mikeisaac, @om, @markdistef, @librariancap, @kr00ney, @gergelyorosz, @cee_pain, @levie, @alexrkonrad, @nmasc_, @mdudas, @buccocapital, @kvlly, @ricburton, @gergelyorosz, @sue_bohn, @copyconstruct, @irreverentmike, @adrianweckler, @makispoke, @eladgil, @izakaminska, @cavandy, @kateclarktweets, @film_girl, @stop, @asolove, and @shaneoleary1
| Annie Palmer / CNBC: |
Amazon pauses hiring for roles in its corporate workforce, after announcing in October plans to freeze hiring for corporate roles in its retail business — KEY POINTS — Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
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About Amazon, New York Times, TechCrunch, Engadget, Seattle Business Journal, CNN, PYMNTS.com, Associated Press, The Register, SiliconANGLE, The Information, GeekWire, Reuters, The Verge, Neowin, Insider, and WRAL TechWire. Tweets: @thedomino
| Wall Street Journal: |
Lyft plans to cut 13% of its 5,000+ employees, or nearly 700 jobs, due to “a probable recession”, after laying off 60 people, or under 2% of staff, in July 2022 — Ride-hailing company, which is cutting 13% of staff, maintained its earnings outlook
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Lyft, CNBC, PYMNTS.com, San Francisco Business Journal, Gizmodo, CNN, Barron's Online, Reuters, Bloomberg, CNET, The Information, Neowin, TechCrunch, Bloomberg, The Hill, TechSpot, WRAL TechWire, and The Verge
Tweets: @modestproposal1, @izakaminska, and @preetika_rana
| Sarah Perez / TechCrunch: |
WhatsApp launches Communities, a structured discussion group feature for of up to 1,024 people, in testing since August 2022, worldwide over the next few months — WhatsApp today is officially launching Communities, the new feature offering larger, more structured discussion groups that first entered into testing earlier this year.| Dan Milmo / The Guardian: |
TikTok plans to update its privacy policy on December 2 to confirm that its staff outside of Europe, including in China, can access the data of European users — Privacy policy update confirms data of continent's users available to range of TikTok bases including in Brazil, Israel and US
More:
Metacurity, Quartz, TechCrunch, BBC, CNN, The Irish Times, Infosecurity, Security Affairs, and Light Reading
Tweets: @isaacstonefish, @niubi, @vtchakarova, and @mrbcyber
| James Vincent / The Verge: |
Google unveils an AI model trained on 400+ languages with the largest “coverage seen in a speech model” and plans to support the 1,000 most spoken languages — Google has announced an ambitious new project to develop a single AI language model that supports the world's “1,000 most spoken languages.”
More:
The Keyword and Android Central
| Jennifer Pattison Tuohy / The Verge: |
Amazon plans to roll out the Matter over Wi-Fi standard to 17 Echo devices in December, starting with Android phones, covering smart plugs, bulbs, and switches — Amazon will start its Matter journey slowly, bringing support for the new smart home standard to 17 Echo devices in December.
More:
alexa-blog, Connectivity Standards …, Gizmodo, 9to5Mac, Thurrott, Android Police, Android Police, TechCrunch, Appuals.com, ZDNet, iPhone in Canada Blog, 9to5Google, Engadget, and 9to5Mac
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| Sarah Perez / TechCrunch: |
In the coming weeks, Google will update Gmail to show live package tracking for order confirmation emails under the sender's name in the inbox — Google announced today a small but useful update to Gmail that will allow users to soon be able to track their upcoming package deliveries directly from their inbox.
More:
The Keyword, Thurrott, Fox News, TechRadar, iThinkDifferent, BigTechWire, Livemint, Android Central, CNBC, Tom's Guide, and MacRumors
Tweets: @dcseifert and @quinnypig
| Ivan Mehta / TechCrunch: |
Twitter cancels its Chirp developer conference set for November 16 in San Francisco as the team builds “some things that we're excited to share with you soon” — Twitter is canceling its developer-focused Chirp conference amid management transition, the company said late Thursday.
Tweets: @twitterdev, @karissabe, @harrymccracken, @carnage4life, @simonw, @twitterdev, @metzinaround, @ashevat, @igorbrigadir, and @i_am_daniele
| Sarah Perez / TechCrunch: |
Substack announces Chat, an opt-in feature letting writers host discussions with their subscribers, available in the Substack iOS app and coming soon to Android — Another company hoping to capitalize on Twitter's upheaval in the wake of Elon Musk's takeover is the newsletter platform Substack.
More:
On Substack, Engadget, Vanity Fair, and Search Engine Journal
Tweets: @helentobin, @hamishmckenzie, @ericnewcomer, and @niubi
| Preetika Rana / Wall Street Journal: |
DoorDash reports Q3 revenue up 33% YoY to $1.7B, orders up 27% YoY to 439M, and net loss up 193% YoY to $296M; the stock jumps 15%+ on strong Q4 guidance — The delivery company issued better-than-expected guidance for the current quarter — DoorDash Inc.'s DASH 5.52%increase …
More:
Bloomberg, DoorDash, Inc., CNBC, and MarketWatch
| Sharon Goldman / VentureBeat: |
OpenAI releases a DALL-E API in public beta, letting developers integrate DALL-E into their apps and products; the API is priced per image output, based on size — Get ready, developers: Today, OpenAI released the hotly anticipated DALL-E API in public beta, which means developers … | Thomas Brewster / Forbes: |
Police and other sources say Block's Cash App has become a primary payment tool for adult and children sex traffickers due to lax monitoring and user ID rules — The Twitter and Block billionaire made Cash App into a $700 million monster. Now police officers, nonprofit critics and current …
More:
CoinDesk. Tweets: @forbes, @elizableu, @forbes, @iblametom, and @iblametom. Thanks:@alexrkonrad
| TechCrunch: |
Ajit Mohan, the head of Meta India who joined the company in January 2019, has left to become the president of Snap's Asia Pacific business — Ajit Mohan, the head of Meta in India, has left the firm and joined rival Snap, according to sources familiar with the matter.
More:
Reuters, Bloomberg, PYMNTS.com, Moneycontrol, The Economic Times, Reuters, LinkedIn, Entrackr, Firstpost Tech, NDTV, Inc42 Media, and Reuters
Tweets: @madhavchanchani and @chandrarsrikant
| Mia Sato / The Verge: |
Patreon launches its native ad-free video hosting tool out of beta for creators on pro and premium plans, removing the need for third-party embeds and links — The update marks a major shift in how creators on Patreon can share video content with fans. Previously, creators had to upload videos … | Erin Mulvaney / Wall Street Journal: |
Ericsson's Vonage agrees to pay $100M to settle FTC allegations about creating obstacles to canceling internet-based phone services and charging unexpected fees — Agreement with Ericsson subsidiary represents largest penalty in FTC enforcement push to stop companies from creating obstacles to consumer cancellations
More:
The Verge, Federal Trade Commission, PYMNTS.com, Federal Trade Commission, and Reuters. Tweets: @linakhanftc
| Chris Stokel-Walker / MIT Technology Review: |
Bot Sentinel: ~877K Twitter users deactivated their accounts and 497K suspended their accounts between October 27 and November 1, more than double the usual — Estimates from Bot Sentinel suggest that more than 875,000 users deactivated their accounts between October 27 and November 1, while half a million more were suspended.| Stephanie Lai / New York Times: |
US political groups are increasingly using influencers, a practice the FEC's campaign finance laws do not regulate, relying on an honor system for disclosures — Campaigns are using social media influencers as a way to reach young and diverse voters, a novel and mostly unregulated strategy.| Joel Khalili / Wired: |
A look at what Elon Musk might do with Twitter's Bluesky “federated social network”; CEO Jay Graber tweeted on October 27 she is “very glad we're independent” — For years, the platform has funded a project that's meant to create a better, decentralized online experience.| Sarah Perez / TechCrunch: |
Mastodon says 230,000 people joined its open-source decentralized social network in the past week and the service has hit a record 655,000 active users — Open-source, decentralized social network Mastodon has been benefiting from the chaotic Twitter takeover by Elon Musk.| Nelson Wang / CoinDesk: |
Coinbase Q3: net revenue down 28% QoQ to $576M, net loss down 50% to $545M, subscription and services revenue up 43%, and monthly transacting users down to 8.5M — The crypto exchange's transaction revenue fell 44% from the second quarter, however. — Crypto exchange Coinbase (COIN) …
More:
Decrypt, Coinbase Global, Inc., Bloomberg, and CNBC
Tweets: @b1ockgreg, @crypto, and @fintechfrank
| Josh Ye / Reuters: |
Lenovo reports Q2 revenue down 4% YoY to $17.09B, vs. $16.74B est., its first decline in 10 quarters as pandemic-fueled PC demand weakens, especially in China — China's Lenovo Group (0992.HK) reported its first revenue decline in 10 quarters as a pandemic-fuelled computer sales boom comes to an end …
More:
Lenovo StoryHub, The Register, Bloomberg, HPCwire, and Financial Times
| Matt Burgess / Wired: |
Egypt is one of the internet's most prominent choke points thanks to 16 subsea cables carrying ~17% of the world's internet traffic touching land in the country — Underwater cables keep the internet online. When they congregate in one place, things get tricky.
Tweets: @aipio and @mattburgess1
| Bloomberg: |
Preqin: Chinese VC deals fell 44% YoY to $62.1B from January to October 2022, of which $7.9B went to semiconductor companies, up 24% YoY from $6.3B in 2021 — Venture capital investments in China are falling sharply this year, making it one of the worst-performing countries globally … Sponsor Posts
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