Jeremy C. Owens / MarketWatch:
Elon Musk says buying Twitter “is an accelerant to creating X, the everything app”; Musk previously teased launching X.com as a social media site — Entrepreneur’s first big hit was with X.com, an online bank that was acquired by PayPal; he re-acquired the rights to the website …
Simon Owens / Simon Owens’s Media Newsletter:
A look at Spotify’s podcast exclusivity strategy, which led to 75% audience drops for some Gimlet shows and caused others, like the Obamas, not to renew deals — The open podcast ecosystem isn’t dead yet. — Welcome! I’m Simon Owens and this is my media newsletter.
Tage Kene-Okafor / TechCrunch:
African e-commerce giant Jumia announces co-founders Jeremy Hodara and Sacha Poignonnec have stepped down as co-CEOs, replaced by executive Francis Dufay — African e-commerce giant Jumia has made a new change in management as co-founders Jeremy Hodara and Sacha Poignonnec step down effective today …
Jon Swartz / MarketWatch:
Alphabet reports Q3 advertising sales of $54.5B, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY — Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years
Emily Bary / MarketWatch:
DocuSign reports Q3 revenue up 18% YoY to $645.5M, vs. $627M est., and billings up 17% YoY to $659.4M, vs. $588.6M est.; stock is up ~10% after hours — Company easily tops expectations on billings and other key metrics — Shares of DocuSign were flying higher in aftermarket action Thursday …
Chris Matthews / MarketWatch:
Lina Khan says she’s “extremely disturbed” by, and looking closely at, Mudge’s claim that Twitter misled the FTC about its compliance with a 2011 consent decree — FTC is ‘looking at this closely,’ Khan said — Federal Trade Commission Chairwoman Lina Khan said Tuesday she was …
Jon Swartz / MarketWatch:
Meta plans to consider removing news from its platform if Congress passes Senator Klobuchar’s “ill-considered” Journalism Competition and Preservation Act — Bill would allow news organizations to band together to negotiate for a larger share of online advertising revenue
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