Elon Musk says Twitter will not survive “without significant subscription revenue”, setting a goal of roughly half of its revenue coming from subscriptions (The Verge)

Kari McMahon / The Block:
BitMEX CEO Alexander Höptner steps down as CEO of the crypto exchange with immediate effect, replaced by CFO Stephan Lutz; Höptner joined BitMEX in 2021  —  – Alexander Höptner is departing from his role as CEO of crypto exchange BitMex with immediate effect.

Bloomberg:
Remote work and tech layoffs hollow out San Francisco, where only 43.1% of workers are back at offices, compared to LA’s 46.1%, NYC’s 47.6%, and Austin’s 62.7%  —  San Francisco’s Salesforce Tower opened almost five years ago as a monument to the region’s tech-driven economy …

Bloomberg:
Remote work and tech layoffs hollow out San Francisco, where only 43.1% of workers are back at offices, compared to LA’s 46.1%, NYC’s 47.6%, and Austin’s 62.7%  —  San Francisco’s Salesforce Tower opened almost five years ago as a monument to the region’s tech-driven economy …

Kurt Wagner / Bloomberg:
In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and ends remote work policies, saying employees should be in 40+ hours per week  —  New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for “difficult times ahead.”

Bloomberg:
Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline  —  Elon Musk’s deadline for Twitter Inc. employees to either commit to the company’s new “hardcore” work environment or leave is approaching.

Chavi Mehta / Reuters:
Meta’s Oversight Board says it can make binding decisions to apply a warning screen when “leaving up or restoring qualifying content”, starting this month  —  Meta Platforms Inc’s (META.O) independent oversight board said on Thursday that starting this month it can decide …