Techmeme
November 4, 2022, 12:00 PM

Top News

Faiz Siddiqui / Washington Post:
More: New York Times, The Verge, VICE, Collective Action in Tech, Wall Street Journal, Bloomberg, Irish Examiner, BetaKit, Financial Times, BBC, RTÉ, Wired, Insider, PCMag, Livemint, Engadget, The Guardian, Insider, The Economic Times, Politico, The i Paper, The Information, Reuters, The Irish Times, Profectio, ComputerWeekly.com, Elezea, CNN, Forbes, Digit, Attack of the 50 Foot …, Insider, TheGamer, iPhone in Canada Blog, MobileSyrup, The Guardian, Fossbytes, Tech in Asia, CNBC, Android Headlines, New York Post, TechCircle, BGR India, Silicon Republic, Neowin, and Pixel Envy
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 …
Wall Street Journal:
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
Reed Albergotti / Semafor:
A profile of Twitter's global head of safety and integrity Yoel Roth, who has become one of few executives to gain Elon Musk's public support after his takeover  —  Reed is Semafor's Technology Editor, joining us from the Washington Post.  Louise is a Technology Reporter for Semafor, joining us from NBC News.
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.
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 …
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 …
Vas Panagiotopoulos / Wired:
A look at the use of biometric surveillance tech in European soccer stadiums; 15,000+ cameras will monitor fans in eight stadiums at the 2022 World Cup in Qatar  —  Stadiums around the world, including at the 2022 World Cup in Qatar, are subjecting spectators to invasive biometric surveillance tech.
Reuters:
Chainalysis: Binance processed around $7.8B through Iran's largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron  —  Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended …
Kyle Wiggers / TechCrunch:
Dataloop, which offers data annotation and unstructured data management tools, raised a $33M Series B led by Nokia Growth, bringing its total funding to $50M  —  Data annotation, or the process of adding labels to images, text, audio and other forms of sample data, is typically a key step in developing AI systems.
More: FinSMEs
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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Nelson Wang / CoinDesk: