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November 3, 2022, 10:30 PM
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| New York Times: |
Sources: Elon Musk is weighing adding paid DMs to let users privately message “Very Important Tweeters”; docs: 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.
More:
Bloomberg, Big Technology, The Verge, SlashGear, MUO, and iMore
Tweets: @kurtwagner8, @wongmjane, @rmac18, @esthercrawford, @goldman, @mikeisaac, @ariehkovler, @nameshiv, @mmasnick, @hankgreen, @dlind, @gwillowwilson, @ryanlcooper, @leahmcelrath, @clarajeffery, @laurenwilliams, @mattgertz, @matthewbevan, @adamparkhomenko, @nickconfessore, @radiofreetom, @modernistwitch, @firstadopter, @kenbensinger, @sheeraf, @karaswisher, @pt, @ibd_ecarson, and @parkerortolani
| Faiz Siddiqui / Washington Post: |
In an email to its employees, Twitter says that layoffs across its global workforce will begin on Friday to “place Twitter on a healthy path” — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce. Musk originally pitched investors on cutting Twitter's staff up to 75 percent.| Casey Newton / Platformer: |
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
More:
CoinDesk, The Guardian, Financial Times, Adweek, and MacDailyNews
Tweets: @niubi, @mattnavarra, @hunterwalk, @ryneismean, @adrierising, @caseynewton, @martinsfp, @mcwm, and @arielbogle
| 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.
More:
Bloomberg, Collective Action in Tech, Ars Technica, BBC, The Verge, Attack of the 50 Foot …, Axios, Insider, Reuters, Fortune, Observer, Digiday, Payments Dive, and SlashGear
Tweets: @willoremus, @willoremus, @willoremus, @willoremus, @loriamontgomery, @mattbc, @adamserwer, @jesselehrich, @katies, @marketurbanism, @gergelyorosz, @willoremus, @heihachimachi, @kurtwagner8, @joshuaphilll, @minhtngo, @secretnofun, @lib_crusher, @stonekettle, @defnotbeka, @damianpaletta, @issielapowsky, @laurenthoman, @edludlow, @davetroy, and @schwarz
| Reuters: |
Sources: Elon Musk directed Twitter's teams to find $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 to two sources familiar …
Tweets: @mattsheffield, @iboudreau, and @lgbtqfc
| 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
More:
Financial Times, The Guardian, Associated Press, Moneycontrol, Washington Post, Mobile Dev Memo, CNBC, Al Arabiya, Los Angeles Times, Reuters, TechCrunch, and New York Post
Tweets: @gregbensinger, @rfsquared, @patrickcoffee, @jason_kint, @lopezlinette, @techwontsaveus, @dalitdiva, and @danprimack
| 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.
More:
Stripe, CNBC, Morning Brew, Forbes, TechCrunch, The Information, Microsoft Tech Community, Payments Dive, San Francisco Business Journal, Business Post, The Block, CryptoSlate, Wall Street Journal, and Crowdfund Insider
Tweets: @mikeisaac, @kateclarktweets, @yashar, @tylerdinucci, @markdistef, @brandur, @librariancap, @kr00ney, @semil, @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, @paulcolgan, @ow, @mikeisaac, @om, @carlquintanilla, @mcwm, @kateclarktweets, @liron, @chastaylor, @markdistef, @suzanbond, and @gergelyorosz
| 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.
More:
About Amazon, Australian Financial Review, Neowin, SiliconANGLE, The Information, Engadget, Bloomberg, The Register, The Verge, BGR, GeekWire, and Reuters
Tweets: @thedomino, @gergelyorosz, and @lesliejosephs
| 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
More:
Lyft, CNBC, Bloomberg, Protocol, CNN, PYMNTS.com, San Francisco Business Journal, Neowin, Reuters, TechSpot, The Verge, CNET, The Information, WRAL TechWire, and Gizmodo
Tweets: @modestproposal1, @izakaminska, @jessicalessin, @preetika_rana, and @davemcclure
| 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.
More:
alexa-blog, Connectivity Standards …, Android Police, AppleInsider, TechCrunch, TechHive, 9to5Google, iPhone in Canada Blog, Redmond Pie, Appuals.com, Gizmodo, MacRumors, Pocket-lint, Thurrott, NextPit, and Tom's Guide
Tweets: @alexadevs, @jp2e, @stshank, @caro_milanesi, and @smartthingsbeat
| 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
More:
Quartz, The Information, BBC, The Irish Times, TechCrunch, CNN, and Mashable
Tweets: @isaacstonefish, @vtchakarova, @lukolejnik, and @alexhern
| 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 … | 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.
More:
Financial Times, Gizmodo, Data protection …, PCMag, Politico, and 9to5Google
Tweets: @joinmastodon and @baekdal
| 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.| 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.”
More:
Android Central
| Juli Clover / MacRumors: |
PayPal plans to add support for iPhone's Tap to Pay feature in its PayPal and Venmo iOS apps “soon”, add Apple Pay to its checkout options, and more — The PayPal and Venmo iOS apps will soon offer Apple's Tap to Pay on iPhone functionality, allowing merchants that use PayPal …
More:
The Verge, AppleInsider, iMore, PayPal Holdings, Inc., 9to5Mac, Bloomberg, and The Apple Post. Tweets: @chancehmiller
| 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.
More:
CoinDesk, Bloomberg, Block, Inc., The Information, Protocol, SiliconANGLE, Reuters, Seeking Alpha, MarketWatch, and Crowdfund Insider
| Mark Gurman / Bloomberg: |
Sources: Apple paused hiring last month for many jobs outside of R&D, including some corporate functions and hardware and software engineering roles — Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading …
More:
AppleInsider and The Mac Observer
| 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.
More:
On Substack, Numeric Citizen Substack, Search Engine Journal, and Engadget
Tweets: @ericnewcomer, @niubi, @hamishmckenzie, @hamishmckenzie, @substackinc, and @yoda
| Jordan Novet / CNBC: |
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+ — - Twilio's quarterly revenue projection was softer than analysts had been looking for. — The company added about 5,000 active customer accounts in the quarter.| 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.
More:
Reuters, Bloomberg, Moneycontrol, Adweek, NDTV, Entrackr, Inc42 Media, Reuters, PYMNTS.com, and The Economic Times
Tweets: @madhavchanchani and @chandrarsrikant
| 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%.| 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 …
More:
DoorDash, Inc. and CNBC
| 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 cancellationsSponsor Posts
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Zoho:
CIO challenge 5: Can we find an effective solution that also minimizes operational costs? — Welcome to the next and final installment of our CIO series! After what feels like a thousand cups of coffee …
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