Bloomberg:
Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, half of the company’s workforce, starting November 4, and reverse its existing work-from-anywhere policy — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce …
Jasper Ward / Reuters:
Source: Sam Bankman-Fried plans to reverse his decision to contest extradition to the US; legal experts say any trial is likely more than a year away — Former FTX CEO Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition …
Bloomberg:
Source: Elon Musk plans to become Twitter CEO after completing his $44B acquisition and reverse lifetime bans, but may eventually cede the role — Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition …
Sylvia Varnham O’Regan / The Information:
Internal memo: Instagram plans to eventually eliminate its existing Shopping page and will test a simpler and less personalized page over the next few months — Instagram is planning to drastically scale back its shopping features, the company told Instagram staffers on Tuesday …
Manish Singh / TechCrunch:
India says it will set up a Grievance Appellate Committee with the veto power to reverse the content moderation decisions of social media companies — India will set up grievance committees with the veto power to reverse content moderation decisions of social media firms, it said today …
Brody Ford / Bloomberg:
HP reports Q4 revenue down 11.2% YoY to $14.8B and Personal Systems revenue down 13% YoY to $10.3B, and forecasts a 10% drop in PC sales in FY 2023 — HP Inc. said it will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits.
Biz Carson / Protocol:
A look at antitrust concerns for Adobe’s $20B Figma acquisition, including whether the deal could eliminate competition and harm consumers by reducing choices — Hello, and welcome to Pipeline. I’m Biz Carson, and I’m devastated after I lost my 149-day Wordle streak to “parer” yesterday.
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