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October 21, 2022, 10:00 AM
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| Washington Post: |
Docs: if Elon Musk buys Twitter, he plans to cut nearly 75% of staff; otherwise, Twitter aims to cut payroll by ~$800M by the end of 2023, ousting ~25% of staff — Previously unreported details shed new light on Twitter's motivations for selling the company — and Elon Musk's plans to transform it
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| Bloomberg: |
Sources: White House is weighing subjecting some Musk ventures, including the Twitter deal and Starlink, to national security reviews; Twitter stock is down 5%+ — Biden administration officials are discussing whether the US should subject some of Elon Musk's ventures to national security reviews …
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| Kurt Wagner / Bloomberg: |
Memo: Twitter told staff that there haven't been plans for companywide layoffs since it signed a deal with Elon Musk, and that it can't confirm Musk's plans — Twitter Inc., confronting reports that Elon Musk aims to gut its workforce as part of his takeover, told staff that there haven't been plans … | Emily Baker-White / Forbes: |
Documents: a China-based ByteDance audit and risk control team planned to collect TikTok location data of specific US citizens never employed by the company — The project, assigned to a Beijing-led team, would have involved accessing location data from some U.S. users' devices without their knowledge or consent.
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| Ben Schoon / 9to5Google: |
YouTube announces YouTube Premium's first major price hike, increasing the family plan from $17.99/month to $22.99/month, or $29.99/month in the App Store — YouTube Premium is getting its first major price hike as the service will now charge $22.99 per month for its family plan.
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| Platformer: |
Mailchimp CEO Ben Chestnut stepped down in August 2022 after sending an email saying that staff announcing their pronouns in meetings “does more harm than good” — Ben Chestnut stepped down in August after arguing that asking for pronouns at the start of meetings “does more harm than good”| Bloomberg: |
Sources: the US is exploring the possibility of new export controls that would limit China's access to quantum computing technology and AI software — The Biden administration is exploring the possibility of new export controls that would limit China's access to some of the most powerful … | Blake Brittain / Reuters: |
Apple sues Masimo, says the medical tech company “carefully studied Apple's IP” during its patent-infringement suit against Apple in order to make its W1 watch — Apple Inc sued medical technology company Masimo Corp in Delaware federal court on Thursday, accusing its new W1 line … | Mia Sato / The Verge: |
Amazon quietly shuts Fabric.com, an online retailer of fabrics, trims, notions, and other supplies since the late 1990s before being acquired by Amazon in 2008 — Crafters, home sewists, and small businesses will soon lose a major online fabric source.
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Craft Industry Alliance and Associated Press
| Lewis Maddison / TechRadar: |
AdGuard: EasyList, a community-run filter list used by popular ad blockers, is being throttled by the YuZu browser; many ad blockers cannot download updates — Access to popular filter list is being throttled — Audio player loading... EasyList has been hit with a burst of highly unusual traffic … | Mayank Parmar / Windows Latest: |
Microsoft publishes a Windows Subsystem for Android roadmap including Android 13, file transfer support, picture-in-picture, and local network access — Microsoft has been rolling out several updates for the Windows Subsystem for Android on Windows 11. The WSA is now significantly faster … | Dan Primack / Axios: |
Sources: Instacart has decided to push its highly anticipated IPO into 2023; the company confidentially filed for an IPO earlier in 2022 — Grocery delivery app Instacart has decided to push its highly anticipated IPO into 2023, believing the current stock market is too volatile …
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PYMNTS.com, Wall Street Journal, New York Times, CNBC, Coinspeaker, Bloomberg, and The Information
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