Techmeme
November 4, 2022, 6:30 PM

Top News

Wall Street Journal:
Elon Musk says Twitter suffered “a massive drop in revenue” due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists”  —  Chief of social-media company cites activist groups pressuring advertisers, as many staffers brace to lose jobs
J.D. Capelouto / Semafor:
A Birdwatch note adding context to Elon Musk's tweet about Twitter's revenue drop is gone; Musk called the community notes feature “awesome” earlier this week  —  Sign up for Semafor Tech, led by Reed Albergotti, to get our scoops and coverage of the industry's biggest stories in your inbox twice a week.
Reed Albergotti / Semafor:
A profile of Twitter Head of Safety & Integrity Yoel Roth, who joined in 2015 and is one of few executives to gain Elon Musk's public support after the 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.
Wall Street Journal:
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  —  The lawyer who sued Twitter Inc. “pre-emptively” on the eve of mass layoffs by Elon Musk said she's “pleased” …
Faiz Siddiqui / Washington Post:
More: Reuters, New York Times, Wired, Insider, Wall Street Journal, The Verge, TechCrunch, CNN, Axios, Collective Action in Tech, TYT Network, Bloomberg, Protocol, VICE, RTÉ, BBC, Wired, Gizmodo, Forbes, Los Angeles Times, Engadget, Bloomberg, New York Post, Fortune, Barron's Online, NBC News, Deadline, Mashable, New York Magazine, The Economic Times, Neowin, SlashGear, The Irish Times, The Information, TheGamer, MobileSyrup, Android Central, Mercury News, Observer, The Guardian, ComputerWeekly.com, BuzzFeed News, The Hollywood Reporter, IGN, Livemint, Insider, TheStreet, fpt., and iPhone in Canada Blog
The Verge:
Sources: Twitter teams hit hardest by the layoffs span product trust and safety, policy, and fighting election misinformation ahead of next week's US midterms  —  About half of Twitter's 7,500 employees are now gone, with teams focused on trust and safety issues hit the hardest.
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 …
New York Times:
Casey Newton / Platformer:
Alex Barinka / Bloomberg:
Instagram head Adam Mosseri talks about balancing the urgency to make Reels drive revenue for Meta and not making “any mistakes by pushing too hard or too fast”  —  As Meta Platforms Inc. pursues an expensive, unproven metaverse strategy, success will depend in part on whether Instagram can pay the bills.
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