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November 3, 2022, 6:30 PM
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| New York Times: |
Sources: Elon Musk and his Twitter advisers discussed adding paid DMs, which would let users privately message “Very Important Tweeters” — 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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MUO. Tweets: @wongmjane, @mikeisaac, @brianmcc, @dantwany, @ibd_ecarson, @parkerortolani, and @rmac18
| Will Oremus / Washington Post: |
Sources: Twitter staff have yet to receive a single official message since Elon Musk took over, relying instead on his tweets, media reports, and private chats — Workers follow new boss's tweets and share rumors on anonymous apps amid silence from leadership on firings, staff cuts and product changes.
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Insider, The Register, Mercury News, Bloomberg, and Observer
Tweets: @davetroy, @willoremus, @loriamontgomery, @jesselehrich, @katies, @willoremus, @minhtngo, @stonekettle, @damianpaletta, and @issielapowsky
| Bloomberg: |
Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, or half of the company's workforce, starting on November 4, and reverse its work-from-anywhere policy — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce …
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Bloomberg, The Verge, Financial Times, The Verge, Washington Post, Collective Action in Tech, Ars Technica, Insider, The Verge, Fortune, New York Post, The Guardian, Financial Times, The Guardian, Adweek, Thurrott, San Francisco Business Journal, WRAL TechWire, TheGamer, Mercury News, iMore, TechSpot, and MacDailyNews
Tweets: @kurtwagner8, @esthercrawford, @sheonhan, @willoremus, @daniellecitron, @willoremus, @fchollet, @thecryptomonk, @mdudas, @mattbc, @adamserwer, @marketurbanism, @annevclark, @gossithedog, @gergelyorosz, @juliahobsbawm, @corpaltaddison, @corpaltaddison, @cassiecodes, @kurtwagner8, @josephmenn, @kurtwagner8, @heihachimachi, @kurtwagner8, @joshuaphilll, @secretnofun, @lib_crusher, @defnotbeka, and @laurenthoman
| Bloomberg: |
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Wired, The Verge, The Verge, Moneycontrol, Associated Press, CryptoPotato, USA Today, VICE, crypto.news, Cointelegraph, Insider, Digital Trends, Reuters, Newser, Los Angeles Times, and Second Guess
Tweets: @davidsacks, @elonmusk, @elonmusk, @robertkazinsky, @vitalikbuterin, @davidakaye, @elonmusk, @aoc, @atrupar, @halomancer1, @oliviasolon, @malwaretechblog, @hashtaggriswold, @williamshatner, @sarahfrier, @maxboot, @blogjam, @julian_epp, @kurtwagner8, @robleathern, @hkesvani, @punishedmother, @prchovanec, @felixsalmon, @simonstalenhag, @cobie, @killermartinis, @hsajwanization, @matt_levine, @keffals, @maxberger, @johncoogan, @erikvoorhees, @q_review, @mollyjongfast, @jbarro, @ariehkovler, @silvermanjacob, @danrather, @rightwingcope, @joshuamzeitz, @atrupar, @hunterwalk, @mepfuller, @nandoodles, @timcast, and @caitiedelaney
| 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.
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About Amazon, Insider, New York Times, MacRumors, Bloomberg, TechCrunch, Engadget, Seattle Business Journal, CNN, Associated Press, PYMNTS.com, SiliconANGLE, The Register, Reuters, GeekWire, The Information, Neowin, and The Verge. Tweets: @thedomino
| Jennifer Surane / Bloomberg: |
Memo: Stripe plans to lay off 14% of its staff this week, reducing its headcount by 1,000+ to almost 7,000, to trim expenses in preparation for “leaner times” — Stripe Inc., one of the world's most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn.
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CNBC, Stripe, Forbes, Microsoft Tech Community, TechCrunch, Crowdfund Insider, Financial Times, PYMNTS.com, Wall Street Journal, The Information, Payments Dive, Business Post, Reuters, The Block, CryptoSlate, CoinDesk, Silicon Republic, and RTÉ
Tweets: @kateclarktweets, @mikeisaac, @markdistef, @om, @librariancap, @kr00ney, @gergelyorosz, @cee_pain, @levie, @alexrkonrad, @nmasc_, @mdudas, @buccocapital, @kvlly, @ricburton, @gergelyorosz, @sue_bohn, @copyconstruct, @irreverentmike, @adrianweckler, @makispoke, @eladgil, @izakaminska, @cavandy, @kateclarktweets, @film_girl, @stop, @asolove, @shaneoleary1, and @paulcolgan
| Wall Street Journal: |
Lyft plans to cut 13% of its 5,000+ employees, or nearly 700 jobs, due to “a probable recession”, after laying off 60 people, or under 2% of staff, in July 2022 — Ride-hailing company, which is cutting 13% of staff, maintained its earnings outlook
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Lyft, CNBC, Protocol, PYMNTS.com, CNN, San Francisco Business Journal, Gizmodo, The Information, CNET, Neowin, Reuters, Barron's Online, Bloomberg, The Hill, TechCrunch, TechSpot, and The Verge
Tweets: @modestproposal1, @izakaminska, and @preetika_rana
| Dan Milmo / The Guardian: |
TikTok plans to update its privacy policy on December 2 to confirm that its staff outside of Europe, including in China, can access the data of European users — Privacy policy update confirms data of continent's users available to range of TikTok bases including in Brazil, Israel and US
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The Information, Metacurity, Quartz, Tubefilter, BBC, TechCrunch, The Irish Times, Light Reading, and CNN
Tweets: @isaacstonefish, @niubi, @vtchakarova, and @mrbcyber
| Sarah Perez / TechCrunch: |
WhatsApp launches Communities, a structured discussion group feature for of up to 1,024 people, in testing since August 2022, worldwide over the next few months — WhatsApp today is officially launching Communities, the new feature offering larger, more structured discussion groups that first entered into testing earlier this year.| Preetika Rana / Wall Street Journal: |
DoorDash reports Q3 revenue up 33% YoY to $1.7B, orders up 27% YoY to 439M, and net loss up 193% YoY to $296M; the stock jumps 15%+ on strong Q4 guidance — The delivery company issued better-than-expected guidance for the current quarter — DoorDash Inc.'s DASH 5.52%increase …
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Bloomberg, DoorDash, Inc., CNBC, and MarketWatch
| Jennifer Pattison Tuohy / The Verge: |
Amazon plans to roll out the Matter over Wi-Fi standard to 17 Echo devices in December, starting with Android phones, covering smart plugs, bulbs, and switches — Amazon will start its Matter journey slowly, bringing support for the new smart home standard to 17 Echo devices in December.
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alexa-blog, Connectivity Standards …, Gizmodo, 9to5Mac, Android Police, Thurrott, Android Police, NextPit, TechCrunch, 9to5Google, ZDNet, iPhone in Canada Blog, Engadget, and 9to5Mac
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| Sarah Perez / TechCrunch: |
Substack announces Chat, an opt-in feature letting writers host discussions with their subscribers, available in the Substack iOS app and coming soon to Android — Another company hoping to capitalize on Twitter's upheaval in the wake of Elon Musk's takeover is the newsletter platform Substack.
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On Substack, Vanity Fair, Neutral Density, Engadget, and Search Engine Journal
Tweets: @helentobin, @ericnewcomer, @niubi, and @hamishmckenzie
| James Vincent / The Verge: |
Google unveils an AI model trained on 400+ languages with the largest “coverage seen in a speech model” and plans to support the 1,000 most spoken languages — Google has announced an ambitious new project to develop a single AI language model that supports the world's “1,000 most spoken languages.”
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Android Central
| Sharon Goldman / VentureBeat: |
OpenAI releases a DALL-E API in public beta, letting developers integrate DALL-E into their apps and products; the API is priced per image output, based on size — Get ready, developers: Today, OpenAI released the hotly anticipated DALL-E API in public beta, which means developers … | Ivan Mehta / TechCrunch: |
Twitter cancels its Chirp developer conference set for November 16 in San Francisco as the team builds “some things that we're excited to share with you soon” — Twitter is canceling its developer-focused Chirp conference amid management transition, the company said late Thursday.
Tweets: @twitterdev, @karissabe, @harrymccracken, @carnage4life, @simonw, @twitterdev, @metzinaround, @igorbrigadir, and @i_am_daniele
| Thomas Brewster / Forbes: |
Police and other sources say Block's Cash App has become a primary payment tool for adult and children sex traffickers due to lax monitoring and user ID rules — The Twitter and Block billionaire made Cash App into a $700 million monster. Now police officers, nonprofit critics and current … | TechCrunch: |
Ajit Mohan, the head of Meta India who joined the company in January 2019, has left to become the president of Snap's Asia Pacific business — Ajit Mohan, the head of Meta in India, has left the firm and joined rival Snap, according to sources familiar with the matter.
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Reuters, PYMNTS.com, Bloomberg, Moneycontrol, Reuters, LinkedIn, The Economic Times, Firstpost Tech, NDTV, Entrackr, Inc42 Media, and Reuters
Tweets: @madhavchanchani and @chandrarsrikant
| Chris Stokel-Walker / MIT Technology Review: |
Bot Sentinel: ~877K Twitter users deactivated their accounts and 497K suspended their accounts between October 27 and November 1, more than double the usual — Estimates from Bot Sentinel suggest that more than 875,000 users deactivated their accounts between October 27 and November 1, while half a million more were suspended.| Nelson Wang / CoinDesk: |
Coinbase Q3: net revenue down 28% QoQ to $576M, net loss down 50% QoQ to $545M, subscription and services up 43% QoQ, and monthly transacting users down to 8.5M — The crypto exchange's transaction revenue fell 44% from the second quarter. — Crypto exchange Coinbase (COIN) …
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The Block, Decrypt, CNBC, Coinbase Global, Inc., Ethereum World News, and Bloomberg
Tweets: @b1ockgreg, @crypto, and @fintechfrank
| Erin Mulvaney / Wall Street Journal: |
Ericsson's Vonage agrees to pay $100M to settle FTC allegations about creating obstacles to canceling internet-based phone services and charging unexpected fees — Agreement with Ericsson subsidiary represents largest penalty in FTC enforcement push to stop companies from creating obstacles to consumer cancellations
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The Verge, Federal Trade Commission, PYMNTS.com, Federal Trade Commission, and Reuters. Tweets: @linakhanftc
| Mia Sato / The Verge: |
Patreon launches its native ad-free video hosting tool out of beta for creators on pro and premium plans, removing the need for third-party embeds and links — The update marks a major shift in how creators on Patreon can share video content with fans. Previously, creators had to upload videos …
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TechCrunch, Patreon Blog, Engadget, TechRadar, Game Rant, PCMag, and Observer. Tweets: @juliangutman
| Jennifer Surane / Bloomberg: |
PayPal reports Q3 revenue up 12% YoY to $6.85B, vs. $6.81B est., and payments volume up 14% YoY to $337B, vs. $343.2B est.; stock drops 8%+ on lower FY forecast — PayPal Holdings Inc. trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. The shares fell as much as 14%.
More:
The Block, Reuters, CNBC, and Barron's Online
| Kif Leswing / CNBC: |
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — - Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
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Bloomberg, CoinDesk, Protocol, Block, Inc., Reuters, Seeking Alpha, and MarketWatch
| Stephanie Lai / New York Times: |
US political groups are increasingly using influencers, a practice the FEC's campaign finance laws do not regulate, relying on an honor system for disclosures — Campaigns are using social media influencers as a way to reach young and diverse voters, a novel and mostly unregulated strategy.| Joel Khalili / Wired: |
A look at what Elon Musk might do with Twitter's Bluesky “federated social network”; CEO Jay Graber tweeted on October 27 she is “very glad we're independent” — For years, the platform has funded a project that's meant to create a better, decentralized online experience.| Sarah Perez / TechCrunch: |
Mastodon says 230,000 people joined its open-source decentralized social network in the past week and the service has hit a record 655,000 active users — Open-source, decentralized social network Mastodon has been benefiting from the chaotic Twitter takeover by Elon Musk.Sponsor Posts
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