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October 31, 2022, 1:15 PM
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| Alex Heath / The Verge: |
Sources: Twitter could make Twitter Blue a $20/month subscription that verifies users; staff have until November 7 to build the feature or face being fired — Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave.
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Tweets: @elonmusk, @reckless, @jason, @alexeheath, @stephenking, @elonmusk, @alexeheath, @cd_hooks, @antoniogm, @astrokatie, @tszzl, @i_zzzzzz, @danslott, @gergelyorosz, @trustnobis, @nickstatt, @mmasnick, @k8em0, @martinslewis, @chey_cobb, @sm, @mattyglesias, @mexopolis, @thestalwart, @evan_greer, @taylorlorenz, @asharangappa_, @runasand, @sethanikeem, @iamtexture, @can, @dangillmor, @rcmb323, @joannastern, @petekeeley, @fg_dolan, @bchesky, @wkamaubell, @katzonearth, @mattblaze, @bradmossesq, @stevenglinert, @drmistercody, @privacylaw_jjw, @reckless, @jeremymonjo, @ericgeller, @mattwalshblog, @gerritd, @tszzl, @hiattb, @mattblaze, @michaelaokla, @pt, @kendrawrites, @emmetpeppers, @joshtpm, @jackbutcher, @edbott, @simplylay, @profcarroll, @alexhern, @fawfulfan, @hotchnersgf, @sarthakgh, @can, @ernopp, @lukeplunkett, @turnernovak, @jburnmurdoch, @eric_seufert, @megreenwell, @krishnanrohit, @calebsaysthings, @pwnallthethings, @fawfulfan, @andrewwrites, @chescaleigh, @kevincollier, @nickstatt, @danprimack, @malwaretechblog, @gergelyorosz, @normcharlatan, @adrierising, @dalailama, @kimzetter, @joesiegler, @mikalfm, @rob_sheridan, @michaelcrider, @maxberger, @tomwarren, @jbouie, @pwnallthethings, @moorehn, @kevinrose, @seangentille, @peteblackburn, @matthew_d_green, @joshtpm, @parismarx, @cyynapse, @oranicuhh, @alexrkonrad, @tahk0, @joshuagrubbsphd, @gergelyorosz, @disinformeddan, @benjaminwittes, and @nickstatt
| Casey Newton / Platformer: |
Sources: Twitter is strongly considering taking away its verified users' badges if they don't subscribe to Twitter Blue — Under pressure to generate revenue quickly, Twitter's new CEO considers ending free verification — Twitter is strongly considering making its users pay to remain verified …
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The Guardian, Gizmodo, TechCrunch, Thurrott, Insider, Twitter Help Center, MobileSyrup, CoinGape, Android Central, Internet Governance Project, International Business Times, ZDNet, crypto.news, KnowTechie, PCMag, and MacRumors
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| Washington Post: |
Source: Elon Musk plans to lay off 25% of Twitter's workforce in the coming days, focusing on sales, product, engineering, legal, and trust and safety — The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce — SAN FRANCISCO …
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| Lauren Hirsch / New York Times: |
Twitter faces ~$1B per year in interest expenses after Elon Musk's deal added ~$13B in debt, up from ~$50M in 2021 when operations generated ~$633M in cash flow — Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.
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The Verge, Insider, and Axios
Tweets: @oneunderscore__, @scottnover, @jimmyjazz1968, @briannawu, @owasow, @jimmyjazz1968, @gartmartin9, @clarajeffery, @allanbell247, @russbengtson, @carnage4life, @ncweaver, @matthew_d_green, @dasvee, @ncweaver, @laurenshirsch, @carnage4life, @traskjd, @obrien, @obrien, @briantashman, @nytimes, and @patrickw
| Financial Times: |
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in March, falling apart, and then closing late on October 27 — Even as his $44bn buyout came down to the wire, Elon Musk kept Twitter guessing. — Normally, lawyers and advisers on each side …
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The Guardian and The Economic Times
Tweets: @sindap, @marioescribano_, @matt_levine, and @mroliverbarnes
| Alex Heath / The Verge: |
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Tweets: @sriramk, @alexeheath, @nickrw, @alexeheath, @mniehaus, @joshelman, @bendreyfuss, @carnage4life, @dansaltzstein, and @noahpinion
| Alyssa Lukpat / Wall Street Journal: |
The top 20 tech billionaires globally have lost $480B+ on paper in the past year; Mark Zuckerberg's wealth drops by $87B+, Elon Musk and Jeff Bezos by $58B+ — Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies
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Bloomberg, Fortune, Axios, Philip Elmer‑DeWitt, and Daily Mail
Tweets: @steventdennis, @mattyglesias, @robinwauters, @gunnelswarren, @fmanjoo, @rwang0, @nspector4, and @iseff
| Selina Cheng / Wall Street Journal: |
Inside Foxconn's Zhengzhou iPhone plant as the company grapples with a weekslong COVID-19 outbreak during a critical period, leading to harsh lockdown measures — As it adheres to Beijing's strict epidemic controls, Apple's biggest smartphone assembler scrambles to keep production lines moving
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Reuters, AppleInsider, AppleInsider, Financial Times, 9to5Mac, Associated Press, Fortune, The Guardian, Nikkei Asia, Associated Press, City A.M., Financial Times, PYMNTS.com, The Information, MacRumors, iMore, T3, Bloomberg, Bloomberg, CNBC, MacDailyNews, BGR, iClarified, Neowin, iPhone in Canada Blog, iMore, TheStreet, and South China Morning Post
| Wall Street Journal: |
TuSimple's board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+ — Self-driving trucking company's leadership faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup
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PingWest
| Wall Street Journal: |
Sources: US-based self-driving trucking company TuSimple faces US federal probes into whether it improperly financed and transferred tech to a Chinese startup — Government authorities are investigating whether the U.S. self-driving trucking company defrauded investors by financing and transferring technology to China-backed Hydron| Amanda Hoover / Wired: |
Some Twitter users, concerned about Elon Musk's ownership, are moving to alternative platforms, including Mastodon, which has seen sign-ups surge, and Discord — Discord, Mastodon and other services are bustling as Twitter fans make backup plans for their online social lives.| Amitoj Singh / CoinDesk: |
The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November — A pilot for a retail version will start within a month. — India's central bank will introduce a pilot wholesale central bank digital currency … | Natasha Singer / New York Times: |
The FTC accuses homework help app Chegg of security lapses, including ~40M users' personal info being stolen in 2018; Chegg agrees to boost its security — Chegg, a homework help app, exposed the data of 40 million users, including details about some students' sexual orientation and religion, regulators said in a legal complaint.| Stacy Elliott / Decrypt: |
CoinGecko: normalized exchange volume for Crypto.com has dropped 91% over the past year, 90% for Huobi, 77% for FTX, 75% for Coinbase, and 57% for Binance — Bad ad or bad timing? Either way, trading is down big. — Whichever version of the Latin proverb you choose … | Justin Ling / Wired: |
Doreen Bogdan-Martin's election win over the Russian candidate to the UN's ITU signals support for a US-backed open internet, but significant challenges remain — Open-internet advocates are breathing a sigh of relief after a recent election for the International Telecommunications Union's top leadership.
Tweets: @justin_ling
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