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Meta told employees that, while new engineers won’t be added to several product teams across Facebook, Messenger, and Instagram, layoffs aren’t being planned. Meta is pulling back its investments in a number of products, including the teams it spun up early in the pandemic to compete with Zoom and build shopping features, The Verge has learned. In addition to a hiring freeze for certain engineering roles,

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Elon Musk’s latest stunt: calling on the SEC to investigate Twitter’s user numbers

Elon Musk’s Twitter acquisition is apparently on hold, pending proof he’ll accept about what impact bots have on its daily active user numbers. And, now, he’s pretending to call in the SEC. So does Elon Musk want to buy Twitter or not? This morning, the company’s prospective new owner insisted (in a tweet, of course) that the $44 billion deal he’d agreed to “cannot move forward” until he sees the proof he’s looking for about

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The videos that don’t work on YouTube and the future of the creator business with Nebula CEO Dave Wiskus

The economics of running a creator-owned streaming service that’s an alternative to the YouTube algorithm, negotiating brand deals, and partnering with Curiosity Stream. One of our recurring jokes at The Verge is that every YouTuber eventually makes a video where they talk about how mad they are at YouTube. Whether it’s demonetization or copyright strikes or just the algorithm changing, YouTubers have to contend

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Terra’s crash has left some other stablecoins and protocols on shaky ground

The DEI stablecoin from Deus finance has lost its peg to the US dollar, as has Fantom USD. This comes in the wake of TerraUSD basically crashing. In the wake of the sudden collapse of TerraUSD, several other stablecoins’ values (whose values are supposedly pegged to the dollar) have started facing issues. Deus Finance’s DEI coin is currently trading at around 66 cents and has been

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Jeff Bezos is not a poster

Jeff Bezos seems to lack a basic understanding of how Twitter works. He’s tweeting about PowerPoint on a platform where there is no incentive to be reasonable. Friends, I’ve had alerts on for Jeff Bezos’ tweets for a while now, and after some consideration, I’m afraid I have to conclude that this man cannot post. I am, in fact, finding it difficult to believe how bad he is at posting. It’s

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Twitter’s CEO and Elon Musk are beefing over bot counts

After a tweet from Elon Musk said his deal to buy Twitter is "temporarily on hold," company CEO Parag Agrawal is defending its calculations, saying internal reports show bot activity is "well under" its 5 percent mDAU estimate. Twitter CEO Parag Agrawal is pushing back against Elon Musk’s concerns around spam and bots on the platform, saying that Musk’s suggestion to measure the problem by performing a random sampling of 100 accounts wouldn’t work. “Our actual

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JetBlue launches hostile takeover of Spirit after its earlier acquisition was rejected

JetBlue launched a hostile takeover of Spirit after its earlier acquisition was rejected by the budget airline’s board of directors. Spirit prefers to merge with Frontier. JetBlue launched a hostile takeover of Spirit Airlines after its earlier acquisition offer was rejected. The New York-based airline said in a release that its tender offer for $30-per-share was “all-cash” and “fully financed.” Earlier this

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Uber unveils new products for business travelers, wedding parties, and EVs

Uber is rolling out nearly a dozen new features aimed at business travelers, large group rides, electric vehicles, and autonomous delivery. Uber held its second annual product event today, at which the company announced new features for business travelers, group rides, and electric vehicles. The news comes as the company’s CEO, Dara Khosrowshahi, is renewing his efforts to make

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Twitter CEO: ‘We need to be prepared for all scenarios’

Twitter CEO Parag Agrawal explained why he dismissed top Twitter executives and froze hiring while acknowledging that the Elon Musk deal could fall through after Musk said the agreement was "on hold." Twitter CEO Parag Agrawal acknowledged the possibility that Elon Musk’s deal to purchase the company could fall through in a series of tweets this afternoon that sought to explain why he’s shaking up Twitter’s leadership. Agrawal said that

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Netflix is beefing up its audio description and subtitling accessibility features

Netflix plans to expand its audio descriptions, subtitles for deaf and hard of hearing, and closed captioning features in order to make its shows and movies more accessible. Netflix’s closed captioning, subtitles for deaf and hard of hearing (SDH), and audio descriptions (AD) are all powerful tools designed to help make films and television shows more accessible to people with disabilities. But those kinds of features

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More PlayStation 5 consoles are coming to Walmart on June 2nd

Walmart has another round of PS5 restocks scheduled for June 2nd at 3PM ET. This one will once again be exclusive to paying Walmart Plus subscribers. We’re still seeing short or no supply of PlayStation 5 consoles in some places and going weeks between new nationwide restocks. Hopefully, this upcoming summer will prove more fruitful, and a good (though small) sign is that Walmart has a PS5

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