Elon Musk says a ~50% ad revenue drop and a heavy debt load kept Twitter cash flow negative; he said in March 2023 the company could be cash flow positive in Q2
Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
The moderators of r/IAmA say they won't solicit and coordinate celebrity AMAs as Reddit “has all the funds they need to hire people” for work done by volunteers
The moderators of Reddit's IAmA community will no longer solicit and coordinate ask me anything (AMA) …
The Daily Wire claims that Twitter canceled a deal to premiere What Is a Woman and threatened to “throttle” the documentary over two instances of “misgendering”
Isaac Schorr / Mediaite :
Twitter's VP of Trust and Safety Ella Irwin says she has resigned from the company; Irwin joined in June 2022 and took over T&S when Yoel Roth resigned
Twitter's head of trust and safety Ella Irwin told Reuters on Thursday that she has resigned from the social media company.
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators
The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.
Google plans to shut down Stadia on January 18, 2023, and will refund hardware, software, and DLC purchases; members of the Stadia team will be reassigned
which scary games do you have queued up? @slimefiend : but... game streaming is the future https://twitter.com/... @wario64 : “We will be refunding all Stadia hardware purchases ma...
OpenAI removes the waitlist for DALL-E, giving everyone immediate access; OpenAI CEO Sam Altman says a public release is essential to develop the tech safely
None of these photos were taken by a camera. — All of these images were created by the artificial intelligence text …
Solend Labs, a “decentralized” lending protocol on Solana, overturns a controversial DAO vote to take over a whale's account that had deposited ~5.7M SOL
if they had the power to do this in the first place, it was never a DeFi protocol This shouldn't be an option at all https://twitter.com/... @vikingxbt : Damage is done already. ht...
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits
Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.”
At an all-hands, CEO Parag Agrawal acknowledged Twitter was vulnerable to a takeover since it had historically underachieved and asked staff to “embrace change”
CEO Parag Agrawal on five years of regrets — Late Thursday night, Twitter CEO Parag Agrawal announced the company …
Sources: PayPal Mafia members, Jack Dorsey, and others who disliked Twitter's direction pushed Musk to launch a bid; Musk is dismayed that Trump is still banned
Behind the scenes, fellow billionaires and internet provocateurs bent Tesla CEO's ear; Jack Dorsey's role — Elon Musk unveils the Tesla Model Y in 2019.
Binance, Coinbase, and others deny Ukrainian requests to freeze Russian and Belarusian accounts, citing “economic freedom”, but will comply with sanctions
Binance, the world's largest exchange, said “unilaterally” banning users “would fly in the face of the reason why crypto exists.”
Notion raises $275M led by Coatue Management and Sequoia at a $10B valuation; the company was reportedly valued at $2B in April
keep in mind that re-centralization (never called that but in the DNA) is always at the core of big valuations. BTW I think Notion is terrific. https://twitter.com/... @can : I'm h...
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
and certainly Instagram. Kanyi Maqubela / @km : I remember some people side-eyeing us for participating in this @Reddit round in 2013. https://redditblog.com/... Welp :) https://ww...
In his Epic v. Apple trial testimony, Tim Cook offered a carefully tended ignorance that left many of the lawsuit's key questions unanswered, or unanswerable
Apple CEO Tim Cook took his first turn in the witness chair this morning in what is probably the most anticipated testimony of the Epic v. Apple antitrust case.
Source: 800+ Amazon staffers are now working on its voice command-enabled home robot with multiple cameras, codenamed Vesta, that's the size of “two small cats”
everything you need to know Brittany A. Roston / SlashGear : Amazon's long-rumored Vesta home robot project details leak Gavin Phillips / MUO : Report: Amazon Is Building a Home Ro...
OnlyFans says it will generate $2B+ in sales in 2020, now has 85M users, is adding around 500K users a day, and is paying out $200M+ a month to its 1M+ creators
New link at Bloomberg
Alphabet's Verily launches a coronavirus screening website limited to the San Francisco Bay area, requires users to log in with their Google account
- Alphabet's Verily on Sunday night launched a pilot of a COVID-19 screening and testing website in the San Francisco Bay Area, a day earlier than it said it would.
Google says it is working with the US government to develop a nationwide COVID-19 website on symptoms, risks, and testing info, in addition to other measures
but Not Like Trump Said New York Times : Trump Oversold a Google Site to Fight Coronavirus Sean Collins / Vox : Despite his experts' grave warnings, Trump wants everyone to just “r...
Despite Trump implying that a triage website for COVID-19 tests will be available nationwide soon, Verily says it will only launch in Bay Area within a few days
Instead, Verily is building a triage website just for the Bay Area — Google is not working with the US government in building …