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November 3, 2022, 10:15 PM
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| New York Times: |
Sources: Elon Musk is weighing adding paid DMs to let users privately message “Very Important Tweeters”; docs: Twitter Blue checks won't require ID verification — The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
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Bloomberg, Big Technology, The Verge, SlashGear, MUO, and iMore
Tweets: @kurtwagner8, @wongmjane, @esthercrawford, @rmac18, @ariehkovler, @goldman, @mikeisaac, @nameshiv, @mmasnick, @hankgreen, @dlind, @gwillowwilson, @ryanlcooper, @leahmcelrath, @clarajeffery, @laurenwilliams, @mattgertz, @matthewbevan, @adamparkhomenko, @nickconfessore, @radiofreetom, @modernistwitch, @firstadopter, @kenbensinger, @sheeraf, @karaswisher, @pt, @ibd_ecarson, and @parkerortolani
| Faiz Siddiqui / Washington Post: |
In an email to its employees, Twitter says that layoffs across its global workforce will begin on Friday to “place Twitter on a healthy path” — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce. Musk originally pitched investors on cutting Twitter's staff up to 75 percent.
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New York Times, The Verge, The Information, Reuters, San Francisco Business Journal, Wall Street Journal, Fox News, CNN, TechCrunch, The Guardian, Forbes, Engadget, Insider, Deadline, NBC News, SlashGear, The Hollywood Reporter, and Axios
Tweets: @oneunderscore__, @caseynewton, @caseynewton, @harryh, @carnage4life, @bborrman, @oneunderscore__, @caseynewton, @danprimack, @fmanjoo, and @faizsays
| 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:
Bloomberg, Collective Action in Tech, Ars Technica, BBC, The Verge, Attack of the 50 Foot …, Axios, Insider, Reuters, Fortune, SlashGear, Observer, Digiday, and Payments Dive
Tweets: @willoremus, @willoremus, @willoremus, @willoremus, @loriamontgomery, @mattbc, @adamserwer, @jesselehrich, @katies, @marketurbanism, @gergelyorosz, @willoremus, @heihachimachi, @kurtwagner8, @joshuaphilll, @minhtngo, @secretnofun, @lib_crusher, @stonekettle, @defnotbeka, @damianpaletta, @issielapowsky, @laurenthoman, @edludlow, @davetroy, and @schwarz
| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
More:
CoinDesk, The Guardian, Financial Times, Adweek, and MacDailyNews
Tweets: @niubi, @mattnavarra, @hunterwalk, @ryneismean, @adrierising, @mcwm, @caseynewton, @martinsfp, and @arielbogle
| Wall Street Journal: |
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
More:
Financial Times, The Guardian, Associated Press, Washington Post, Moneycontrol, CNBC, Mobile Dev Memo, Reuters, Bloomberg, Al Arabiya, TechCrunch, and New York Post
Tweets: @gregbensinger, @rfsquared, @techwontsaveus, @patrickcoffee, @jason_kint, @dalitdiva, and @danprimack
| 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, Morning Brew, Forbes, The Information, TechCrunch, Microsoft Tech Community, Payments Dive, San Francisco Business Journal, Business Post, The Block, CryptoSlate, RTÉ, Wall Street Journal, and Crowdfund Insider
Tweets: @mikeisaac, @kateclarktweets, @markdistef, @brandur, @semil, @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, @shaneoleary1, @paulcolgan, @ow, @mikeisaac, @om, @carlquintanilla, @mcwm, @kateclarktweets, @liron, @chastaylor, @markdistef, @suzanbond, and @gergelyorosz
| 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.
More:
About Amazon, Australian Financial Review, Neowin, TechCrunch, SiliconANGLE, The Information, Engadget, Bloomberg, The Register, The Verge, BGR, GeekWire, and Reuters
Tweets: @thedomino, @gergelyorosz, and @lesliejosephs
| 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
More:
Lyft, CNBC, Protocol, Bloomberg, PYMNTS.com, CNN, San Francisco Business Journal, Neowin, Reuters, TechSpot, The Verge, CNET, The Information, WRAL TechWire, and Gizmodo
Tweets: @davemcclure, @modestproposal1, @izakaminska, @jessicalessin, and @preetika_rana
| 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:
Quartz, The Information, BBC, The Irish Times, TechCrunch, CNN, and Mashable
Tweets: @isaacstonefish, @vtchakarova, @lukolejnik, and @alexhern
| 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 …, AppleInsider, Android Police, TechCrunch, TechHive, 9to5Google, Gizmodo, iPhone in Canada Blog, Redmond Pie, iMore, Appuals.com, MacRumors, Pocket-lint, Thurrott, NextPit, and Tom's Guide
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| 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 … | 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.| 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.
More:
Financial Times, Gizmodo, Data protection …, PCMag, Politico, and 9to5Google
Tweets: @joinmastodon and @baekdal
| 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:
Android Central
| Juli Clover / MacRumors: |
PayPal plans to add support for iPhone's Tap to Pay feature in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal …
More:
The Verge, AppleInsider, iMore, PayPal Holdings, Inc., 9to5Mac, Bloomberg, and The Apple Post. Tweets: @chancehmiller
| Kif Leswing / CNBC: |
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — - Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
More:
Bloomberg, CoinDesk, The Information, Block, Inc., Protocol, SiliconANGLE, Reuters, Seeking Alpha, MarketWatch, and Crowdfund Insider
| Mark Gurman / Bloomberg: |
Sources: Apple paused hiring last month for many jobs outside of R&D, including some corporate functions and hardware and software engineering roles — Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading …
More:
AppleInsider, iMore, and The Mac Observer
| 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, Numeric Citizen Substack, Search Engine Journal, and Engadget
Tweets: @ericnewcomer, @niubi, @hamishmckenzie, @hamishmckenzie, @substackinc, and @yoda
| Jordan Novet / CNBC: |
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+ — - Twilio's quarterly revenue projection was softer than analysts had been looking for. — The company added about 5,000 active customer accounts in the quarter.| 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 … | 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, Moneycontrol, Adweek, PYMNTS.com, NDTV, Entrackr, Inc42 Media, Reuters, and The Economic Times
Tweets: @madhavchanchani and @chandrarsrikant
| Jennifer Surane / Bloomberg: |
PayPal reports Q3 revenue up 12% YoY to $6.85B, vs. $6.81B est., and payments volume up 14% YoY to $337B, vs. $343.2B est.; stock drops 8%+ on lower FY forecast — PayPal Holdings Inc. trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. The shares fell as much as 14%.| 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:
DoorDash, Inc. and CNBC
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