Techmeme
November 7, 2022, 7:10 AM

Top News

Richard Lawler / The Verge:
Wall Street Journal:
Sources: Meta plans to lay off thousands of employees this week, with an announcement expected as soon as November 9, the first broad staff cuts in its history  —  Social-media company's planned cuts expected to affect many thousands of its workforce  —  Meta Platforms Inc. META 2.11%increase …
Bloomberg:
Sources: after cutting ~3,700 staff, Twitter asks dozens to return upon realizing some are needed to build features Musk wants and others were sacked in error  —  Twitter Inc., after laying off roughly half the company on Friday following Elon Musk's $44 billion acquisition …
Sankalp Phartiyal / Bloomberg:
Sources: Elon Musk fired over 90% of Twitter's 200+ staff in India over the weekend, including ~70% of the product and engineering teams  —  Twitter Inc. fired more than 90% of its staff in India over the weekend — part of global reductions by new owner Elon Musk — severely depleting …
Ashley Capoot / CNBC:
CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX's Alameda in 2021; Binance received ~$2.1B from the previous sale  —  Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.  —  Binance's CEO, responding to a CoinDesk scoop …
Joe Rossignol / MacRumors:
Apple expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than anticipated due to COVID-19 restrictions at Foxconn's factory in Zhengzhou, China  —  Apple today said it expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than the company previously anticipated due …
Billy Perrigo / TIME:
Q&A with Mastodon founder and lead developer Eugen Rochko on how decentralized social media servers mitigate hateful speech, why he built the service, and more  —  (To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.)
Nico Grant / New York Times:
Ahead of the US midterms, researchers say YouTube, which often flies under the radar, has misinformation blind spots that allow false narratives to slip through  —  The video platform said it had limited the spread of misinformation ahead of Election Day, but new research showed that false narratives continued to slip through.
Steven Lee Myers / New York Times:
New York Times:
Internal post and sources: Twitter delays rolling out verification checkmarks to Blue subscribers until November 9, the day after the US midterm elections  —  Users and employees had raised concerns that Elon Musk's plan to give check marks to those who paid a monthly fee could be misused to sow discord.
Financial Times:
The UK's ICO reprimands the Department for Education for giving employment screening company Trustopia access to data on up to 28M children from 2018-2020  —  Privacy watchdog finds education department gave improper access to identifying information  —  The UK's data protection regulator …

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Emily Birnbaum / Bloomberg:
Mark Gurman / Bloomberg: