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Elon Musk's revamped Twitter Blue launch has hit some major snags in the past week. The shenanigans surrounding the blue check (and subsequent gray check) has heads spinning among average Twitter users, major advertisers and big-name celebrities. Here's a look at everything that's happened with Twitter Blue in the past week and the murky state of verification on the platform. Musk's new verification model was designed to become part of Twitter's existing Twitter Blue feature, a $4.99 monthly subscription offering premium services. He also said that Twitter is adding a "parody subscript," because "tricking people is not ok."It is unclear when and how Twitter Blue may be reinstated.
Elon Musk told Twitter staff that they should expect to work 80-hour weeks, per Bloomberg. Musk previously got rid of remote working, telling workers 40 hours in the office was a minimum. While working on the controversial new $8 verification feature, some Twitter managers told staff to work 84-hour weeks – or 12-hour shifts, seven days a week, CNBC reported. Musk himself is now laying down these demanding expectations, and also added that there will be fewer office perks like free food. Per The Verge's transcript of Musk's Q&A and with employees, Musk told staff to work with "a maniacal sense of urgency."
Elon Musk told Twitter staff he had PTSD and paranoia about recessions, per a transcript by The Verge. Musk also said in the meeting he sold Tesla stock to save the social-media platform, per The Verge. He said he had "recession PTSD" from keeping PayPal alive during the 2000 recession and Tesla alive through the 2009 recession. "You may have read that I sold a bunch of Tesla stock. Musk told Twitter staff to expect one or two years of recession, which will disproportionately affect the company, according to The Verge's transcript.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTime spent gaming is under pressure due to back-to-school, says The Verge's Nilay PatelNilay Patel, The Verge editor-in-chief, joins 'TechCheck' to discuss gaming trade valuations, optimism about daily-active-users gaining momentum in VR gaming and gaming companies finding monetization opportunities.
Apple's updated App Store rules give it 30% of in-app purchases for social media post "boosts." A Meta spokesperson told Insider that Apple's move undercuts other businesses and helps itself. "Apple continues to evolve its policies to grow their own business while undercutting others in the digital economy," a Meta spokesperson told Insider in a statement. In Meta's earning call on Wednesday, Meta CEO Mark Zuckerberg acknowledged some of Apple's recent changes, including its latest App Store policy language around boosted posts, saying they are "obviously big risks" that Meta "see as issues." Meta experienced a 4% revenue decline in the third quarter of this year, continuing a string of disappointing quarterly earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSearch and YouTube will carry Alphabet through market uncertainty, says The Verge's Nilay PatelNilay Patel, The Verge, joins 'TechCheck' to discuss what to expect from Meta and Alphabet's quarterly earnings results, whether he would rather be in Alphabet or Microsoft's position and more.
Watch CNBC's full interview with The Verge's Nilay Patel
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with The Verge's Nilay PatelNilay Patel, 'The Verge' editor-in-chief, join 'TechCheck,' joins 'TechCheck' to discuss Netflix's changes to their subscription model, the platform's plans for revenue growth through advertisements and a crackdown on password sharing, as well as how Netflix compares to other streaming platforms.
Netflix's plans for revenue growth with The Verge's Nilay Patel
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's plans for revenue growth with The Verge's Nilay PatelNilay Patel, 'The Verge' editor-in-chief, join 'TechCheck,' joins 'TechCheck' to discuss Netflix's changes to their subscription model, the platform's plans for revenue growth through advertisements and a crackdown on password sharing, as well as how Netflix compares to other streaming platforms.
Meta CEO Mark Zuckerberg said that he enjoys "being doubted" in an interview with The Verge. "I enjoy being doubted," Zuckerberg said, talking about building something over time. When Heath asked Zuckerberg how he still enjoys being doubted and why, Zuckerberg said he thinks "it gets a little comfortable" if "too many people get or think what you're doing is obviously going to happen." "If you tune out everyone who thinks that you're not doing something right, then you're going to miss a lot of really valuable signals to do stuff better than you're doing it today," Zuckerberg said. Zuckerberg told Heath getting more people onboard with his vision for the metaverse will "start slow" then "get faster and faster and faster."
The CEO of chip-design company Arm talked about leadership and decision-making in a new interview. He pointed to Tom Brady as an example, who is still playing football at 45 with people half his age. Haas has been at Arm for 9 years, but recently became CEO of the company six months ago. Haas compared the situation to football quarterback Tom Brady, who announced his retirement from the sport in February, just to reverse his decision 40 days later. "For those folks who are football fans out there: why is Tom Brady still playing quarterback at 45, even though, physically, he is playing with guys half his age?
Former Amazon boss Dave Clark took his seat as the co-CEO of Flexport on September 1. Petersen told The Verge that Clark will have more direct reports than he did when he was sole CEO. On September 1, former Amazon Global Consumer CEO Dave Clark officially took his spot as co-CEO of the supply chain unicorn. He took the role of senior vice president of operations at Flexport on September 12, and reports directly to Clark. On the podcast, Petersen touted Clark's decisiveness as a key asset.
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