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November 5, 2022, 5:10 AM
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| 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
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| 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.
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Wall Street Journal, Bloomberg, and MobileSyrup
Tweets: @dansinker, @elonmusk, @kevindaleydc, @evan_greer, @tomdelonge, @esaagar, @martinsfp, and @ia
| Platformer: |
Sources describe Twitter after mass layoffs: key teams gutted, severance packages account for WARN Act, ad hoc directories of remaining workers in Google Docs — I. The Snap — The email went out at 5:21 PT PT on Thursday. — For a full week, Twitter employees had waited in hopes …
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The Guardian, Insider, BGR India, The Economic Times, Mashable, CNBC, and NBC News
Tweets: @drewharwell, @alex_segura, and @lpackard
| Financial Times: |
Current and former Twitter staffers shed light on Musk's “War Room”, which includes Jason Calacanis and David Sacks, tasked with transforming Twitter's business — In first week as owner, the billionaire has axed management, begun mass job cuts and launched new products| The Verge: |
Sources: Twitter teams hit hardest by the layoffs span communications, tweet curation, ethical AI, data science, research, ML, and some core engineering teams — About half of Twitter's 7,500 employees are now gone, with teams focused on trust and safety issues hit the hardest.
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New York Times, NBC News, Washington Post, New York Times, TechCrunch, CNBC, Trak.in, NewsBTC, Mashable, Engadget, Bloomberg, GeekWire, Insider, GamesIndustry.biz, Insider, and Fortune
Tweets: @joandeitchman, @shannonrsingh, @contextfall, @arctictony, @gerardkcohen, @willoremus, @donmoyn, @gerardkcohen, @jesselehrich, @_micheleaustin, @kldivergence, @oneunderscore__, @ketanj0, @nytimes, @nytimes, @rnoweber, @aoc, @indiecwilson, @elainef, @antonschulz, @jaymefr, @nslwin, @b52malmet, @stevekovach, @habengirma, @kateconger, @bgrueskin, @rmac18, @carnage4life, @arctictony, @redsteeze, @marklittlenews, @markjeffrey, @rmac18, @cbouzy, @edzitron, @jonbernhardt, @ryanmer, @evacide, @maxkennerly, @byajperez, @meghann, @jsrailton, @oneunderscore__, @normative, @ggreeneva, @alexeheath, @scottnover, @hugovk, @nytimes, @nytimes, @lisabloom, @joshelman, and @om
| Faiz Siddiqui / Washington Post: |
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Tweets: @elonmusk, @sbkcrn, @willoremus, @rachbonn, @kurtwagner8, @lisabloom, @joandeitchman, @chrisyounie, @sheonhan, @kurtwagner8, @oneunderscore__, @yashagarwalm, @dickc, @scottnover, @mattdpearce, @monikabauerlein, @kateconger, @nikkimcr, @leakissner, @lizzadwoskin, @sarthakgh, @jasonschreier, @melcolmruffin, @biz, @c7five, @oneunderscore__, @emilyettel, @martinsfp, @oneunderscore__, @elibelly, @maxkennerly, @wiredbusiness, @scottnover, @tech_actions, @oneunderscore__, @hunterwalk, @thisisme0311, @joannag, @katestarbird, @krave, @lu_shennan, @ruchowdh, @rdassaly, @kayvz, @ackocher, @jaseemabid, @scottnover, @sarthakgh, @rmac18, @adambain, @johncusack, @gossithedog, @mmasnick, @greenhousenyt, @brandyzadrozny, @mulegirl, @tsimonite, @sg, @kurtwagner8, @tron, @kevinbankston, @carnage4life, @elonmusk, @sarahjeong, @kevinroose, @pwnallthethings, @qhardy, @mollyesque, @hcuccinello, @louisgray, @markmilian, @danprimack, @chadloder, @jesselehrich, @pkafka, @carnage4life, @sg, @ashleymayer, @dsilverman, @jamesrbuk, @sivavaid, @timnitgebru, @gossithedog, @damienviel, @ewerickson, @ndtex, @karaswisher, @chrisjbakke, @danprimack, @antonschulz, @caseynewton, and @nickstatt
| Bloomberg: |
Sources: Apple is building a live TV ad network and talking to ad partners as part of its deal to stream Major League Soccer games starting in February 2023 — Apple Inc. is building an advertising network for live television as part of its deal to stream Major League Soccer games next year … | Brian Morrissey / The Rebooting: |
Elon Musk's focus on Twitter Blue is part of a trend in which consumer tech platforms pivot from advertising in favor of recurring revenue through subscriptions — Tech's marriage of convenience to the ad industry hits the rocks — Request: Please fill out this survey as I think through … | 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.
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BBC, Variety, and The Verge
Tweets: @yoyoel, @yoyoel, @yoyoel, @yoyoel, @yoyoel, @yoyoel, @chipgoines, @daveyalba, @yoyoel, @mirandadevine, @yoyoel, @nicoleperlroth, @sociogeeks_, @semafor, @andrewdoyle_com, @ncweaver, @tomgara, @lmatsakis, and @reedalbergotti
| Jordan Pearson / VICE: |
As chess explodes on Twitch, a look at Chess.com's Global Championship, its first in-person event since 2018, and “fair play” measures amid a cheating scandal — Cheating allegations have changed how chess is played, just as the game is shifting into looking a lot more like esports.| 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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TechCrunch, Wall Street Journal, Forbes, SlashGear, and DCD
| Casey Newton / Platformer: |
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Bloomberg, The Information, 500ish, Fortune, and TechRadar
Tweets: @gwire, @cubicleapril, @dimensionmedia, and @gray
| Deepsekhar Choudhury / Moneycontrol: |
Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt — Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers — A week after securing $120 million … | Zeke Faux / Bloomberg: |
El Salvador's Bitcoin “revolution” is failing miserably and behind the debacle are crypto evangelists from wealthier countries who cheered on President Bukele — On an estuary along the coast of El Salvador, a few miles west of the Conchagua volcano, about 70 families live in a settlement called Flor de Mangle.
Tweets: @leomschwartz, @realmaxkeiser, @tgarcianyc, @bw, @skinosian, and @mdudas
| Jack Daleo / FreightWaves: |
Loop, a logistics payments startup that matches shipping invoices to pricing, raised $30M across a seed and a Series A from Founder's Fund, Flexport, and others — Company handled $1B in payment volume in its 1st year … Here's a wild stat: Between 20% and 30% of all invoices today contain some form of exception or error.| Tage Kene-Okafor / TechCrunch: |
Cairo-based Money Fellows, which digitizes money circles or rotating savings and credit associations, raised a $31M Series B, bringing its total funding to $37M — Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment.
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Disrupt Africa, TechCabal, Arab News, The National, Zawya, FinSMEs, and Finextra. Tweets: @aoalfi
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