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November 4, 2022, 12:00 PM
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| Faiz Siddiqui / Washington Post: |
Twitter begins laying off staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
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| Josh Eidelson / Bloomberg: |
Twitter workers file a class action lawsuit against the company in San Francisco for executing mass layoffs without at least 60 days notice, per the WARN Act — Twitter Inc. was sued over Elon Musk's plan to eliminate about 3,700 jobs at the social-media platform — half of its workforce …
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| Wall Street Journal: |
Elon Musk says Twitter has had a “massive” revenue drop due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists” — Chief of the social-media company cites activist groups pressuring advertisers
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Fortune, The Verge, New York Post, Bloomberg, and CNBC
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| 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
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| Reed Albergotti / Semafor: |
A profile of Twitter's global head of safety and integrity Yoel Roth, who has become one of few executives to gain Elon Musk's public support after his takeover — Reed is Semafor's Technology Editor, joining us from the Washington Post. Louise is a Technology Reporter for Semafor, joining us from NBC News.
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| New York Times: |
Sources: Elon Musk weighs adding paid DMs to let users privately message “Very Important Tweeters”; docs show 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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Tweets: @rmac18, @wongmjane, @clarajeffery, @ariehkovler, @racheltobac, @alexhern, @smtuffy, @nycsouthpaw, @mikeisaac, @goldman, @clarajeffery, @tomcoates, @joshbutler, @racheltobac, @jyjault, @mattyglesias, @markharrisnyc, @alexhern, @peg_perl, @dlind, @nikkimcr, @clarajeffery, @pt, @green_footballs, @radiofreetom, @catovitch, @danteatkins, @tomcoates, @grogsgamut, @oalexanderdk, @gwillowwilson, @leahmcelrath, @modernistwitch, @nameshiv, @naomikritzer, @lauramlippman, @kenbensinger, @carnage4life, @whstancil, @zackfox, @goldman, @abnerpastoll, @laurenwilliams, @mattgertz, @matthewbevan, @radiofreetom, @sheeraf, @firstadopter, @kennykeil, and @molly_knight
| Reuters: |
Sources: Elon Musk told Twitter's teams to find up to $1B in annual infrastructure cost savings, including reduced spending on cloud services and server space — Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, according …
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| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and pauses its new Notes product and crypto wallet — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
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Tweets: @mattnavarra, @niubi, @fmanjoo, @caseynewton, @hunterwalk, @martinsfp, @mcwm, and @ryneismean
| Juli Clover / MacRumors: |
PayPal plans to support iPhone's Tap to Pay in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options on merchant platforms, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal …
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PayPal Holdings, Inc., Finextra, KnowTechie, BGR, and TechCrunch
| Fortune: |
How Reddit's blockchain-based Collectible Avatars, which avoid the NFT label, became popular; Polygon data shows the total sales volume was $10M+ by November 2 — At 2:59 p.m. ET on Oct. 20, when Reddit announced its second generation of collectible avatars, Ethan Clark was ready, phone in hand.| Vas Panagiotopoulos / Wired: |
A look at the use of biometric surveillance tech in European soccer stadiums; 15,000+ cameras will monitor fans in eight stadiums at the 2022 World Cup in Qatar — Stadiums around the world, including at the 2022 World Cup in Qatar, are subjecting spectators to invasive biometric surveillance tech.| Heather Somerville / Wall Street Journal: |
PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior full-year cycle, concentrated among large funds at Sequoia, Lightspeed, and others — Limited partners who back venture funds still seek access to startups, which have outperformed other asset classes during recessions| Reuters: |
Chainalysis: Binance processed around $7.8B through Iran's largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron — Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended … | Jay Peters / The Verge: |
Hands-on with Netflix's Basic with Ads: while most shows have pre-roll ads, mid-roll ads are more unpredictable; many popular shows are locked to higher tiers — Clicking into something on Netflix's new ads tier is a roll of the dice: you never know how many ads you might have to sit through.| Richard Waters / Financial Times: |
Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 — Companies are not going to let up spending despite weakening economy — Investors have grown accustomed to periodic leaps … | Kyle Wiggers / TechCrunch: |
Dataloop, which offers data annotation and unstructured data management tools, raised a $33M Series B led by Nokia Growth, bringing its total funding to $50M — Data annotation, or the process of adding labels to images, text, audio and other forms of sample data, is typically a key step in developing AI systems.
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| 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.| Jordan Novet / CNBC: |
Atlassian reports Q1 revenue up 31% YoY to $807.4M, vs. $806.4M est., and forecasts lower than expected Q2 revenue; stock drops 20%+ after falling 54% in 2022 — - Atlassian's quarterly revenue outlook missed expectations. — The software maker said existing customers are adding users at a reduced pace.Sponsor Posts
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