Anchorage Digital plans to custody a "significant portion" of Apollo Global's crypto portfolio and offer crypto custody services to Apollo's clients (Andrew Throuvalas/Decrypt)

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SEC filing: Jack Dorsey has agreed to rollover his remaining 2.4% in Twitter, worth over $1B, into X Holdings, an amount Elon Musk won't have to pay (Kali Hays/Insider)

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Sources: Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, to help at Twitter (Lora Kolodny/CNBC)

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Sources: Elon Musk told Twitter engineers to work on a Vine reboot that may be ready by the end of 2022; Twitter acquired Vine in 2012 and shut it down in 2016 (Axios)

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Debunking five myths that may be sinking Meta's stock, including claims of Facebook users deserting, Instagram engagement falling, and TikTok dominating (Ben Thompson/Stratechery)

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India's ban on Chinese video games has boosted its domestic industry but foreign publishers, wary of the heavy-handed approach, are afraid to invest (Benjamin Parkin/Financial Times)

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Twitter faces ~$1B per year in interest expenses after Elon Musk's deal added ~$13B in debt, up from ~$50M in 2021 when operations generated ~$633M in cash flow (Lauren Hirsch/New York Times)

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Sources: Twitter plans to change Twitter Blue into a $19.99 subscription that verifies users; staff are told they will be fired if they don't build it by Nov. 7 (Alex Heath/The Verge)

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Interview with Gerard de Graaf, director of a new EU office in San Francisco, on the DMA taking force on November 1 and its likely impact on tech companies (Khari Johnson/Wired)

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Sources: Musk ordered Twitter homepage to be changed to show the Explore page to logged out users, not a sign-up form, which was quietly implemented on Friday (Alex Heath/The Verge)

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How the detention of Huawei's then CFO Meng Wanzhou to stand trial in the US provoked a standoff between global powers and splintered US-China relations (Wall Street Journal)

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Twitter's head of safety and integrity says it has not changed content policies but had been subject to "an organized effort to make people think we have" (Dan Milmo/The Guardian)

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Source: Elon Musk fired top Twitter executives, including CEO Parag Agrawal, "for cause", in an apparent attempt to avoid severance and unvested stock payouts (Martin Peers/The Information)

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New Orleans-based Resilia, which sells software to help nonprofits manage their operations, raised a $35M Series B, bringing its total funding to ~$50M (Jared Council/Forbes)

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Dogecoin surged by nearly 75% on Saturday after Elon Musk took control of Twitter, its biggest daily gain since April 2021, as it rallied 150% since October 25 (Yashu Gola/Cointelegraph)

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Sources: Elon Musk plans to begin layoffs at Twitter as soon as Saturday, to take place before November 1, when staff were scheduled to receive stock grants (New York Times)

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A look at an online reputation laundering market for victims of Nigeria's unlicensed, predatory loan apps, which publicly shame borrowers who can't pay (Olatunji Olaigbe/Rest of World)

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[Thread] Musk made himself the global face of content moderation amid growing governmental pressures, even as his wealth via Tesla depends on China and others (Alex Stamos/@alexstamos)

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eMarketer: US advertisers are on track to spend $65.3B on Facebook, Twitter, and other social networks in 2022, up 3.6% YoY, which is ~10x slower than in 2021 (Financial Times)

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General Motors says it is suspending advertising on Twitter as it evaluates the "direction of the platform under their new ownership" (CNBC)

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Apple stock closes up 7.56%, its best day since April 2020; it was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday (Kif Leswing/CNBC)

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Elon Musk says Twitter will form a content moderation council with "widely diverse viewpoints" for making major decisions about content and reinstating accounts (Elon Musk/@elonmusk)

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Telegram CEO says it will disable paid posts in its iOS app after being told Apple was not happy with creators monetizing "without paying a 30% tax to Apple" (Sami Fathi/MacRumors)

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Some users are testing the limits of Twitter's moderation system following Musk's takeover by using hate speech like profane slurs, racial epithets, and more (David Gilbert/VICE)

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Twitter is testing a blockchain-agnostic feature for displaying NFTs through tweets in partnership with Dapper Labs, Magic Eden, Rarible, and Jump.trade (Andrew Hayward/Decrypt)

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Intel Q3: revenue down 15% YoY to $15.34B, vs. $15.25B est., Datacenter and AI revenue down 27% YoY; stock up 5%+ on plans to reduce ~$10B in costs over 3 years (Jordan Novet/CNBC)

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Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; stock is down 17%+ on weak Q4 guidance (Amazon)

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Investors dump Amazon as economy concerns grow The tech giant warned of slower growth as shoppers return to bricks and mortar stores. October 28, 2022 at 02:42AM

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London-based buy now, pay later startup Tymit raised a £23M Series A led by luxury retailer Frasers Group to launch its installment program for merchants (Eric Johansson/Verdict)

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Source: creators that use Snapchat's TikTok clone Spotlight will now be paid millions per year, down from millions per week in 2021 and $1M per day in 2020 (Lauren Forristal/TechCrunch)

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Meta's Reality Labs division posts a $3.67B loss for Q3 2022 on $285M in revenue vs. $406M est., up from its Q2 2022 loss of $2.81B on $452M in revenue (Nelson Wang/CoinDesk)

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Facebook owner Meta sales continue to fall The company has lost confidence of many investors, after shares have plunged roughly 60% this year. October 27, 2022 at 02:10AM

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Sources: the US DOJ launched a criminal probe into Tesla in 2021 that is still underway, following over a dozen crashes, some fatal, with Autopilot activated (Reuters)

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iPad Pro (2022) review: M2 runs GPU-intensive tasks well and Pencil hover is nice, but the upgrade is incremental and the front camera remains on the wrong side (Kevin Purdy/Ars Technica)

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Elon Musk's Twitter bio reads "Chief Twit", as he visits the company's San Francisco office; memo to employees: "you'll all hear directly from him on Friday" (Edward Ludlow/Bloomberg)

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Source: Apple is working on an iPad with a 16-inch screen that the company hopes to release in Q4 2023 (Wayne Ma/The Information)

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Microsoft's cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, and from Azure and other cloud services, up 35% YoY (Taylor Soper/GeekWire)

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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 (Jon Swartz/MarketWatch)

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Microsoft reports Q1 Windows OEM revenue down 15% YoY, devices revenue up 2% YoY, Xbox hardware revenue up 13%, and Xbox content and services revenue down 3% (Tom Warren/The Verge)

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Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss (Dawn Chmielewski/Reuters)

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China's path to chip self-sufficiency is extremely complicated and relies upon re-creating multiple supply chain components without outside help (Ben Thompson/Stratechery)

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Samsung rolls out Maintenance Mode, meant to keep a device's data safe during repair, to select Galaxy devices with One UI 5 worldwide (Andrew Romero/9to5Google)

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Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more (Daryna Antoniuk/The Record)

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Netherlands-based Axelera AI, which is developing AI acceleration cards, systems, and software, raised a $27M Series A led by Innovation Industries (Kyle Wiggers/TechCrunch)

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Apple's new App Store guidelines say that social networking apps that let users buy "boosts" for social media posts must use IAPs for these transactions (Juli Clover/MacRumors)

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FTC sanctions Uber-owned alcohol delivery company Drizly and its CEO for data privacy abuses; Drizly will have to implement new data controls and training (Cat Zakrzewski/Washington Post)

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Austin-based staff at Alphabet subcontractor YouTube Music Content Operations file with the NLRB for union recognition after a supermajority signed union cards (Kris Holt/Engadget)

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Apple releases iOS 16.1, iPad OS 16.1, and macOS Ventura, with iCloud Shared Photo Library, Continuity Camera, Stage Manager for Mac and iPad, and more (Darrell Etherington/TechCrunch)

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Updated App Store guidelines say that apps may sell NFTs via IAP and display NFTs, provided that NFT ownership does not unlock in-app features (Filipe Espósito/9to5Mac)

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PayPal adds support for passkeys, which are designed to replace passwords, on iOS, iPadOS, and macOS in the US, and plans to support passkeys on other platforms (Kyle Wiggers/TechCrunch)

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