Plaid lays off approximately 260 staff, or ~20% of its workforce, citing “macroeconomic changes”; the company raised $425M at a ~$13.4B valuation in April 2021
Mary Ann Azevedo / TechCrunch :
Sources: Amazon plans to spend $1B+ per year to produce and release movies for theaters, starting with a few releases in 2023, and eventually 12 to 15 annually
Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees
After purging nearly two-thirds of Twitter's 7,500-person workforce in three weeks, Elon Musk is hiring again.
Elon Musk fired at least two Twitter engineers who publicly criticized him on the social network, in one case announcing the firing in a now-deleted tweet
Twitter Inc. owner Elon Musk, who has called himself a “free speech absolutist,” has resorted to firing company engineers who publicly criticize him on the social-media service.
A look at a document from Twitter's trust and safety team on November 1 detailing how the Blue subscription could be abused, largely ignored in a rush to launch
Employees and advertisers keep warning him about the risks of changes he's making to Twitter — but he's not listening
Sources: Apple told unionized store staff in Maryland that they won't get its new benefits and would need to negotiate via the collective bargaining arrangement
From Mark Gurman's “Apple to Withhold Latest Employee Perks … Rida Imran / iThinkDifferent : Apple's latest education and health perks will be withheld from unionized store Joe Wit...
Canalys, IDC, and Gartner global Q3 2022 PC shipment estimates have a big discrepancy for Apple: up 1.7% YoY, up 40.2% YoY, and down 15.6% YoY, respectively
Ron Miller / TechCrunch :
Salesforce announces Net Zero Marketplace, which will aggregate offset providers and rating agencies for carbon credits, launching in October 2022 in the US
Salesforce Inc. is launching a marketplace for carbon credits that will aggregate offset providers and rating agencies …
Salesforce unveils Genie, a real-time data integration model for the entire Salesforce platform that the company claims will lead to better customer experiences
Good morning! We sent Workplace reporter Lizzy Lawrence … Salesforce News : Salesforce Announces Genie - a New Data Platform Powering the World's First Real-Time CRM Joel Khalili ...
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY
the cumulative number of individual transfers to scams so far in 2022 is the lowest it's been in the past 4 years. https://twitter.com/... @chainalysis : 4/ One type of crime type ...
Coinbase misses with Q2 revenue down 64% YoY to $808.3M, vs. $832.2M est., a $1.1B net loss, trading volume down 53% YoY to $217B, and 9M MTUs
- Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell. — The exchange operator lowered its full-year forecast for transacting users. Source: Coinba...
[Thread] Via iRobot, Amazon, one of the most powerful data collection companies on earth, will get another vast and intrusive set of data about people's homes
1. Hello. Amazon today announced it would pay $1.7 billion to acquire iRobot, the company behind the Roomba robotic vacuum. It may be the most dangerous, threatening acquisition in...
Amazon plans to acquire Roomba maker iRobot in a $1.7B all-cash deal; Colin Angle will remain as iRobot's CEO
Everyone's Favorite Robot Cleaning Company Financial Times : Amazon acquires Roomba maker iRobot for $1.7bn Jon Fingas / Engadget : Amazon is buying iRobot, the creator of the Room...
Amazon plans to acquire Roomba maker iRobot for $1.7B in an all-cash deal; Colin Angle will remain as iRobot CEO
Amazon this morning announced plans to acquire Roomba maker iRobot for an all-cash deal valued at $1.7 billion. — “Since we started iRobot, our team has been on a mission …
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal
Saritha Rai / Bloomberg :
Microsoft extends the useful life of its cloud server assets from four to six years, citing improved efficiencies and tech, and expects to save $3.7B in FY 2023
Simon Sharwood / The Register : Tweets: @ron_miller Tweets: Ron Miller / @ron_miller : Great example of digging into earnings data to find a deeper story. Microsoft extends life o...
Amazon says its 2021 carbon footprint rose 18% YoY and 40% from 2019 to ~71.54M metric tons of CO2 equivalent, despite its plans to be “net zero carbon” by 2040
Matt Day / Bloomberg :
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B
iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022
people coming from Android - saw double-digit growth) Ben Bajarin / @benbajarin : Important observation as Apple continues to defy macro concerns (just like they did in 08-09 econo...
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Un...