Techmeme
November 7, 2022, 5:05 AM

Top News

Richard Lawler / The Verge:
Bloomberg:
Sources: after cutting ~3,700 staff, Twitter asks dozens to return upon realizing some are needed to build features Musk wants and others were sacked in error  —  Twitter Inc., after laying off roughly half the company on Friday following Elon Musk's $44 billion acquisition …
Ashley Capoot / CNBC:
Jack Dorsey apologizes for growing Twitter “too quickly” amid mass layoffs; Twitter's headcount jumped from ~2,000 to 7,500+ between June 2013 and December 2021  —  - Twitter co-founder Jack Dorsey apologized Saturday for growing the company “too quickly,” a day after hundreds …
Wall Street Journal:
Sources: Meta plans to lay off thousands of employees this week, with an announcement expected as soon as November 9, the first broad staff cuts in its history  —  Social-media company's planned cuts expected to affect many thousands of its workforce  —  Meta Platforms Inc. META 2.11%increase …
Joe Rossignol / MacRumors:
Apple expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than anticipated due to COVID-19 restrictions at Foxconn's factory in Zhengzhou, China  —  Apple today said it expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than the company previously anticipated due …
CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX's Alameda in 2021; Binance received ~$2.1B from the previous sale  —  Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.  —  Binance's CEO, responding to a CoinDesk scoop …
New York Times:
Internal post and sources: Twitter delays rolling out verification checkmarks to Blue subscribers until November 9, the day after the US midterm elections  —  Users and employees had raised concerns that Elon Musk's plan to give check marks to those who paid a monthly fee could be misused to sow discord.
Elon Musk / @elonmusk:
Dave Karpf / The Future, Now and Then:
Chance Miller / 9to5Mac:
Billy Perrigo / TIME:
Q&A with Mastodon founder and lead developer Eugen Rochko on how decentralized social media servers mitigate hateful speech, why he built the service, and more  —  (To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.)
Mark Gurman / Bloomberg:
Emily Birnbaum / Bloomberg:
The White House plans to push for antitrust legislation in the post-midterms lame duck session, perhaps a final shot for AICOA, Open App Markets Act, and others  —  The White House is planning a post-midterms push for antitrust legislation that would rein in the power of the world's largest tech companies …
The Bureau of Investigative Journalism:
An investigation details India's “hack-for-hire” industry, which helps global corporate intelligence clients target businesses, journalists, and politicians  —  In a quiet alcove of the opulent Leela Palace hotel in Delhi, two British corporate investigators were listening intently …

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