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Washington Post:
Sources: Elon Musk takes over Twitter, and has fired several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde — Musk's $44 billion deal to acquire the social media company closed on Thursday night. — SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …
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Todd Spangler / Variety:
Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter …
Discussion:
@elonmusk, @sep, Insider, Bloomberg, CNBC, Digiday, @cwarzel, @daveyalba, Reuters, Pirate Wires, AdExchanger, Insider, @wajahatali, Vanity Fair, The Drum, @schmittnyc, @donie, Mediaite, @ruthbenghiat, @bcappelbaum, Gizmodo, @miblogestublog, Media Matters for America, @robinw, @mzhemingway, @schwarz, New York Post, @theplumlinegs, @adriennelaf, The Hill, @oneunderscore__, MAGA Underground, @emilybell, @goldman, @maxkennerly, @schwarz, @hayskali, The Verge, @cwarzel, @adriennelaf, @marklittlenews, Vox, @greg_price11, @vprasadmdmph, 9to5Mac, @jayrosen_nyu, @briannawu, @esqueer_, @pkafka, @justinhendrix, Fortune, Slate, Rolling Stone, PC Gamer, Associated Press, Financial Times, The Wrap, Quartz, Jordan's Newsletter, The Guardian, Ad Age, CNN, TMZ.com, The Verge, Deadline, MediaPost, The Daily Beast, Mumbrella, Observer, Engadget and El País, more at Techmeme »
Wall Street Journal:
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
Erik Wemple / Washington Post:
A reassessment of The New York Times' apology and James Bennet's firing after Sen. Tom Cotton's op-ed: Bennet was right and Publisher A.G. Sulzberger was wrong — Controversy over an op-ed by Sen. Tom Cotton (R-Ark.) consumed the New York Times in June 2020 and claimed the job of then-editorial page editor James Bennet.
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Mediaite, @easterbrookg, @jennifersey, @davidfolkenflik, @thomaschattwill, @levinejonathan, @rubensteinadam, @davidharsanyi, @nprinskeep, @heerjeet, @bariweiss, @jeffreyasachs, @toley88, @jeffreyasachs, @jeffjarvis, @nickgillespie, @bariweiss, @matthewfoldi, @sethamandel, @jonathanchait, @tomscocca, @coreypein, @mtracey, @fka_tabs, @tomscocca, @froomkin, @sethamandel, @coreypein, @razibkhan, @mattwelch, @sullydish, @anncoulter, @tomscocca, @__seab, @marcbodnick, @garylegum, @tomscocca, @repbrendanboyle, @jbarro, @anncoulter, @isaac_schorr, @semaforben, @kcjohnson9, @jtlol, @nycsouthpaw, @sivavaid, @lukeoneil47, @__seab, @joeconchatv, @coreypein, @coreypein, @sethamandel, @conor64, Fox News and Overtime
Defector:
Defector reports $3.8M in annual revenue, up from $3.2M in 2021, $3.7M in expenses, up from $3M in 2021, and 38K subscribers, who generated 95% of its revenue — Purpose of this report — Defector continues to have no outside investors and no intention of raising outside capital.
Discussion:
Adweek, Nieman Lab, Media Voices, @defectormedia, @mckinneykelsey, @mckinneykelsey, @markstenberg3, @madbastardsall, @defectormedia, @scott_tobias, @sarahscire, @drewmagary, @lyzl, @mattdpearce, @defectormedia, @adweek, @defectormedia, @ahazlett, @film_girl, @taylorkatebrown, @theisen95, @defectormedia, @jayrosen_nyu and @aznfusion
David Gutman / The Seattle Times:
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
Discussion:
Washington State, @katieharbath, @jvagle, The Hill, @agowa, CNET, @evelyndouek, Gizmodo, Associated Press and MediaPost
Gerry Smith / Bloomberg:
CNN names Athan Stephanopoulos, previously the president of Vox Media's news site NowThis, as its chief digital officer, starting on November 14 — CNN has named Athan Stephanopoulos as its new chief digital officer, appointing a veteran of the online video business to grow its audience as the network braces for further cost-cutting.
Discussion:
CNN, @versharma, Advanced Television, Variety, Deadline and The Hollywood Reporter
The Verge:
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.
Discussion:
@caseynewton, @chrismessina, @jake_k, XDA Developers, @marcoarment, 9to5Mac and AppleInsider, more at Techmeme »
Lauren Forristal / TechCrunch:
Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020 — Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat's TikTok clone …
Discussion:
@blackamazon, @carnage4life, XDA Developers and The Verge, more at Techmeme »
Georg Szalai / The Hollywood Reporter:
Comcast reports NBCU revenue down 4% to $9.6B and EBITDA up 24.6% YoY to $1.7B; Peacock has 15M+ subscribers, up 70% YTD, and accounted for a $614M EBITDA loss — Parent company Comcast also updates broadband subscriber trends at its cable systems business amid growth challenges across the industry.
Discussion:
CNBC, Wall Street Journal, Deadline, @tvgrimreaper, The Wrap, Adweek, IndieWire, The Streamable, The Wrap and Business Wire
Joe Rossignol / MacRumors:
Following complaints from prominent developers, Apple says the company “paused ads related to gambling and a few other categories on App Store product pages” — Original story from October 25 follows. — Apple today rolled out new ad placements in the App Store on the iPhone …
Discussion:
CNBC, The Verge, 9to5Mac, @film_girl, TechCrunch, Insider and XDA Developers
Kif Leswing / CNBC:
Apple's Services revenue grew 4.98% YoY to $19.19B vs. $20.1B expected in Q4; fiscal year Services growth was above 14%, slower than 2021's 16% and 2020's 27% — - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Discussion:
Apple, Wall Street Journal, Bloomberg, 9to5Mac, Engadget, Variety, @carnage4life, @jsnell, Apple Inc., MacRumors, @claireatki, @samifathi_, The Verge, TechCrunch and AppleInsider, more at Techmeme »
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