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November 4, 2022, 7:35 AM
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| Faiz Siddiqui / Washington Post: |
Twitter begins laying off staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
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New York Times, Collective Action in Tech, Engadget, The Verge, Bloomberg, BBC, The Economic Times, Insider, TechCrunch, Livemint, Bloomberg, The Information, Silicon Republic, RTÉ, MobileSyrup, Forbes, Attack of the 50 Foot …, Insider, City A.M., Android Headlines, Fossbytes, Reuters, CNBC, CoinGape, CNN, The Guardian, Tech in Asia, Silicon Valley Business …, SlashGear, Deadline, Variety, New York Post, The Hollywood Reporter, Financial Times, Insider, BGR India, The Register, Wall Street Journal, Digital Trends, Mashable, Axios, Neowin, Engadget, Pixel Envy, and Newser
Tweets: @willoremus, @ruchowdh, @sheonhan, @sbkcrn, @oneunderscore__, @willoremus, @kurtwagner8, @caseynewton, @yashagarwalm, @emilyettel, @scottnover, @joandeitchman, @thisisme0311, @tech_actions, @lu_shennan, @chrisyounie, @maxkennerly, @carnage4life, @kayvz, @elibelly, @oneunderscore__, @caseynewton, @dickc, @oliviasolon, @jensantamaria, @oneunderscore__, @mbfhunzaker, @wiczipedia, @jarredt, @lu_shennan, @okwonga, @darth, @cbouzy, @rsa, @zoeschiffer, @zoeschiffer, @zoeschiffer, @leakissner, @mallorymhughes, @kiransudhir7, @christinecuoco, @ciplukcarlita, @damienviel, @andypiper, @kiraoconnor, @bendreyfuss, @alex_abads, @nbreitbach, @martinsfp, @hayskali, @tweetsbyparker, @caseynewton, @adamgreattweet, @jamesrbuk, @mjg59, @sungwoochun, @adambain, @enzetest, @joannag, @nikkimcr, @oneunderscore__, @wbm312, @scottnover, @ianbetteridge, @ruchowdh, @hunterwalk, @ericajoy, @joandeitchman, @ackocher, @fmanjoo, @karaswisher, @harryh, @bborrman, @ruchowdh, @tomwarren, @rmac18, @mattblaze, @jon_christian, @edludlow, @lizzadwoskin, @billmckibben, @carnage4life, @goldman, @jsrailton, @danprimack, @jowens510, @pandemona, and @faizsays
| 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 — Twitter Inc. was sued over Elon Musk's plan to eliminate about 3,700 jobs at the social-media platform — half of its workforce …
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The Guardian, Gizmodo, Insider, TheGamer, Cointelegraph, Neowin, New York Times, The Economic Times, Bitcoinist.com, TechCircle, NBC Bay Area, CoinGape, and Tech.co
| 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 …
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Insider, International Business Times, Livemint, and SlashGear
| 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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Gizmodo, Bloomberg, International Business Times, Fortune, Wall Street Journal, CNN, and Only Third Party
Tweets: @rmac18, @wongmjane, @esthercrawford, @ariehkovler, @clarajeffery, @willoremus, @mikeisaac, @nycsouthpaw, @alexhern, @goldman, @carnage4life, @whstancil, @quatoria, @oalexanderdk, @catovitch, @molly_knight, @goldman, @smtuffy, @nikkimcr, @clarajeffery, @lauramlippman, @radiofreetom, @peg_perl, @dlind, @clarajeffery, @pt, @green_footballs, @ibd_ecarson, @danteatkins, @tomcoates, @grogsgamut, @gwillowwilson, @leahmcelrath, @modernistwitch, @parkerortolani, @nameshiv, @naomikritzer, @kenbensinger, @racheltobac, @abnerpastoll, @laurenwilliams, @mattgertz, @matthewbevan, @radiofreetom, @sheeraf, @firstadopter, @rmac18, @baseballgaloot, @racheltobac, @ryanlcooper, @adamparkhomenko, and @adambvary
| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and pauses its new Notes product and crypto wallet — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
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TNW, ZDNet, Ars Technica, Bitcoinist.com, SlashGear, Cryptopolitan, CoinDesk, and CryptoPotato
Tweets: @kurtwagner8, @mattnavarra, @niubi, @fmanjoo, @caseynewton, @hunterwalk, @martinsfp, @mcwm, and @ryneismean
| Wall Street Journal: |
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
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Wall Street Journal, CNBC, The Guardian, The Register, Barron's Online, Ad Age, Fortune, Washington Post, The Economic Times, Mobile Dev Memo, New Republic, New York Post, and AdExchanger
| Juli Clover / MacRumors: |
PayPal plans to support iPhone's Tap to Pay in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options on merchant platforms, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal … | 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, New York Times, Coinspeaker, TechCrunch, and Bloomberg
Tweets: @teamblind, @thedomino, @gergelyorosz, @lesliejosephs, and @conorjrogers
| Jay Peters / The Verge: |
Hands-on with Netflix's Basic with Ads: while most shows have pre-roll ads, mid-roll ads are more unpredictable; many popular shows are locked to higher tiers — Clicking into something on Netflix's new ads tier is a roll of the dice: you never know how many ads you might have to sit through.
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9to5Mac, Variety, MacRumors, TheGamer, Deadline, Variety, Mashable, Pocket-lint, Digital Trends, and Deadline
| Heather Somerville / Wall Street Journal: |
PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior full-year cycle, concentrated among large funds at Sequoia, Lightspeed, and others — Limited partners who back venture funds still seek access to startups, which have outperformed other asset classes during recessions
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The Korea Herald
| Richard Waters / Financial Times: |
Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 — Companies are not going to let up spending despite weakening economy — Investors have grown accustomed to periodic leaps … | Mark Gurman / Bloomberg: |
Sources: Apple paused hiring in October for many jobs outside of R&D, including some corporate functions and standard hardware and software engineering roles — Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan … | 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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Coinbase Global, Inc., Bloomberg, Cryptonews, CryptoPotato, Coinpedia Fintech News, PYMNTS.com, and Digiday
Tweets: @b1ockgreg, @juthica, @fintechfrank, @mrnllmtt, @coinbureau, @sbf_ftx, @sbf_ftx, @sbf_ftx, and @crypto
| Jordan Novet / CNBC: |
Atlassian reports Q1 revenue up 31% YoY to $807.4M, vs. $806.4M est., and forecasts lower than expected Q2 revenue; stock drops 20%+ after falling 54% in 2022 — - Atlassian's quarterly revenue outlook missed expectations. — The software maker said existing customers are adding users at a reduced pace.
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The Register and SiliconANGLE
| The Verge: |
AMD unveils the RX 7900 XTX for $999 and the lower powered RX 7900 XT for $899, its first GPUs built on its RDNA 3 chiplet architecture, shipping on December 13 — AMD has announced its next generation of graphics cards, the RX 7900 XTX and RX 7900 XT, which are the first cards powered by its new architecture, RDNA 3.| 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, Tech Monitor, Cointelegraph, Tech in Asia, and International Business Times
| Bill Toulas / BleepingComputer: |
Lookout: almost 50% of Android phones used by US state and local government staff run outdated versions of the OS, exposing them to hundreds of vulnerabilities — According to a new report, almost half of Android-based mobile phones used by U.S. state and local government employees … | 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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Block, Inc., Bloomberg, Benzinga, and SiliconANGLE
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