Monday, 31 July 2023

Did Joe Biden Just Give Tommy Tuberville The Finger?

Senator Tommy Tuberville is new to politics and especially the bare-knuckled politics President Joe Biden has been involved in for decades now. I mention this because I am sure that Senator Tuberville actually thought he could hold up all of the military appointments forever and ever amen and Sleepy Joe would just sit there and nod sagely while Tuberville then indulged in tweets like this one, accusing Biden of being a rotten Commander-In-Chief.

He may have wanted to reconsider that impetuous act, because this same day that this same tweet hit the public square, President Joe Biden squashed all hope of the Space Force Command moving to Alabama. I'm sure it's not because Mr. President who knows bare-knuckle politics is choosing to reverse a policy that was ill-conceived and meant to reward Tuberville's own state with lots of military dollars.

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Dynatrace acquires cloud-native debugging platform Rookout

Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production.

Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level observability into production environments. Dynatrace expects the transaction to close before September 30.

The two companies did not disclose the acquisition price, but Rookout previously raised a total of $28 million, including a $16 million Series B round it announced a year ago. The company’s investors include the likes of Fort Ross Ventures, TLV Partners, Emerge, Cisco Investment, LIAN Group, Mighty Capital and Binder & Partners.

Rookout CEO Shahar Fogel and CTO Liran Haimovitch. Image Credits: Rookout

Unsurprisingly, Dynatrace says it plans to embed Rookout into its existing platform and notes that this will also help it improve collaboration between development, IT and security teams, which will then be able to use a single platform for their observability needs.

“Our mission is to make debugging easy and fast for developers with state-of-the-art quality and a simple experience,” said Shahar Fogel, CEO at Rookout. “We believe integrating Rookout into the Dynatrace platform and leveraging the AI and automation capabilities Dynatrace is known for will accelerate this mission. This will also create a new standard for how engineers use developer-first, cloud-native observability to improve productivity by enabling them to spend less time on manual activities and more time delivering business value.”



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How to succeed in today’s grocery delivery market

The instant grocery delivery market has been on a roller coaster ride over the past few years, and recently the ride has been down.

For example, Dunzo, a hyperlocal delivery startup in India, reportedly postponed employee salaries for a month and plans additional layoffs, with a strategy on “streamlining our cash flow so we can build a more sustainable business for the future,” it wrote to employees in an email.

Then over in Europe, Getir, the delivery giant there, said it was pulling out of Spain, Italy and Portugal as it was finalizing a new round of investment. That announcement came a month after Getir exited France.

Not everything is doom-and-gloom in this market, though. Misfits Market acquired Imperfect Foods at the end of 2022, and JOKR raised additional funding earlier this year. Meanwhile, Misfits Market is finishing up the integration of the two companies. Granted, Misfits Market had its own brush with layoffs earlier this year, but founder and CEO Abhi Ramesh told TechCrunch+ that he has seen “meaningful positive improvement” in operation.

But in broader terms, he also said that “it is hard times for the industry.” We sat down with Ramesh to chat about how to succeed in this sector, the key to driving unit economics and what’s next for Misfits Market.

The following was edited for length and clarity.

How do instant grocery delivery companies succeed in this environment?

One of the strategic mistakes folks in this category made was they assumed that the growth rate and demand in 2020 and 2021 would stay for the next three, four or five years. In reality, what happened is some of the demand was simply pulled forward, but not as much. Now it’s more like a normalization period.

For companies to do well right now, it requires a few things; one is you have to have scale. It’s tricky because this is also a time period where every company is trying to push profitability. When you’re pushing profitability, the first thing companies try to do is pull back on marketing spend to save dollars. But in e-commerce, that’s actually a vicious cycle where you pull marketing so you don’t grow as much or get the leverage in your finances to burn more.



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Shocker: The Highly-Anticipated Devon Archer Testimony Was A Dud

The heavily hyped testimony by Hunter Biden's former business partner Devon Archer with the House Oversight Committee on Capitol Hill doesn't appear to have turned up any evidence to link the President with his son's business dealings.

"And we're learning now after one Democratic member of the House Oversight Committee emerged from this three-hour meeting," CNN reports. "Now it's still going on."

"But he emerged and said, look, this testimony has offered no proof connecting the president to his son's foreign dealings," he continued.

"Congressman Dan Goldman, the Democrat on the committee, did say that, you know, Archer testified that Hunter and his son, Joe Biden, did speak every day, that at times Hunter Biden would be in a setting where there would be business partners present," he added. "But not once, according to Goldman, did these dealings ever come up."

CNN reports, "Archer's testimony comes as House Republicans appear to be shifting their focus away from trying to impeach members of President Joe Biden's Cabinet and prioritizing efforts to impeach the president himself by linking him to controversial business dealings by his son, Hunter."

The closed-door testimony was a dud, according to Rep. Daniel Goldman.

Goldman said Devon Archer testified when Hunter Biden put his father on the phone: "The witness was very consistent that none of those conversations had anything to do with any business dealings or transactions."

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Gutfeld's Stupid Excuse For Trump: Can't You Delete Your Own Tapes?

Trump's Watergate is stupid Watergate.

Greg Gutfeld makes a stupid excuse for Trump.

Greg Gutfeld thinks his audience is stupid (and he may be right about that).

Via Media Matters, Greg Gutfeld pretends that because the security tapes belong to Donald Trump, that means he can erase them whenever he likes.

Greg leaves out the part where Trump was made aware that there is a subpoena for the security tapes one day before he (allegedly!) instructed his underlings to destroy them. That's obstruction of justice, GREG.

Gutfeld also questions the timing of the new charges against Trump, because, in the opposite land where Gutfeld makes his living, the Trump indictments are a distraction from Hunter Biden. No, really.

GREG GUTFELD (CO-HOST): And this is amazing timing, as the -- Hunter's plea deal falls apart, that suddenly these new charges on Trump just happened to arrive.

And then, what about surveillance cameras? What's wrong with that? What's wrong with -- like, are those yours? Why can't you clear them? I don't understand that. They're not like other people's emails that you then, you know, disappear. But I'll leave that for another time because I'm not a lawyer.

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Only 4 In Trump’s Former Cabinet Say He Should Be Re-Elected

Former President Donald Trump no longer has the charisma or whatever drew people to him to run for the presidency. Out of the dozens of former Cabinet officials under Trump's administration, most have declined to publicly support the twice-indicted president's third bid for the White House, except for four. Only four.

Via NBC News:

NBC News reached out to 44 of the dozens of people who served in Trump's Cabinet over his term in office. Most declined to comment or ignored the requests. A total of four have said publicly they support his run for re-election. Several have been coy about where they stand, stopping short of endorsing Trump with the GOP primary race underway. Then there are those who outright oppose his bid for the GOP nomination or are adamant that they don't want him back in power.

"I have made clear that I strongly oppose Trump for the nomination and will not endorse Trump," former Attorney General Bill Barr told NBC News. Asked how he would vote if the general election pits Trump against President Joe Biden, a Democrat, Barr said: "I'll jump off that bridge when I get to it."

The Trump campaign declined to comment beyond pointing to three former Cabinet members as people to contact — one of whom has endorsed Trump and two others who, when asked, didn't commit to endorsing him at this time.

That's the opposite of a ringing endorsement.

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GM begins shipping a pricier-than-expected Chevy Blazer EV

The Chevrolet Blazer EV, a battery electric SUV that is part of GM’s bid to surpass Tesla in U.S. EV sales by 2025, is headed to dealerships.

The automaker said Monday that the first 2024 Chevrolet Blazer EVs have started shipping from GM’s factory in Ramos Arizpe, Mexico. GM also released details on pricing and range estimates for a few of the SUV’s trim models.

The upshot? Prices are higher than expected.

The Blazer EV follows the behemoth GMC Hummer pickup and Cadillac Lyriq in the new Ultium architecture — the modular electric platform that includes a new battery design and software and is at the heart of the automaker’s EV strategy.

The vehicle will initially be available in three trims: luxury (LT), rally sport (RS) and super sport (SS). The 2LT front-wheel drive version will be the entry-level option. The company said it’s also making a “police pursuit” vehicle available to law enforcement early next year.

GM, like most other automakers, has launched with its more pricey trim. Still, it seems even some of the lower priced trims are still higher than GM’s original estimate. Last year, the company revealed Blazer EV and said the base version would start at about $44,995. At the time, the company said it would price the 2LT at about $47,595 and the RS at $51,995.

In reality, the trims are as much as $10,000 higher than originally estimated.

The first Blazer EV to hit dealer lots this summer will be the RS all-wheel drive, a model that starts at $60,215 and has an estimated range of 279 miles. This vehicle is loaded with a number of features, including gloss black trim, a heads-up display, heated front and rear seats, ventilated front seats and animated exterior lighting. Prices don’t include tax, title, license, dealer fees and optional equipment.

The RS rear-wheel drive, which is expected to have a 320-mile range and has a few extras including a Bose audio system, will start at $61,790. The 2LT AWD, which starts at $56,7151 and has a range of 279 miles, will come equipped with a 17.7-inch-diagonal infotainment touchscreen and 11-inch-instrument cluster, heated steering wheel, heated front seats, heated side mirrors and wireless phone charging, among other features.

GM said the RS rear-wheel drive and 2LT AWD trims will begin production this fall. The company has pushed the production start date of the SS version to spring 2024.



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Sunday, 30 July 2023

Belly Rubs

While surfing teh Intertubes, I came across a channel called The Underdogs Show. It was the channel I needed all along but didn't know it. It's dogs. It's muppets. It's song parodies. It's perfect.

"Belly Rubs" was the first clip that I saw from them and even though I've watched scores of them, it is still, by far, my favorite. It could almost be any dog's theme song.

Open thread below...

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Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup.

The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a return of $3.5 billion on an investment of $1.2 billion, the New York-headquartered hedge fund told investors, according to a person familiar with the matter. Wall Street Journal first reported on the deal.

Flipkart is the only Indian startup in which Tiger Global had invested more than $1 billion, according to a person familiar with the matter. The U.S. investment giant has poured over $6 billion on Indian startups altogether.

The secondary Flipkart shares sale valued the Bengaluru-headquartered at $35 billion. Flipkart was valued at $37.6 billion in a funding round in 2021, but has since internally cut its worth by about $5 billion following the split of payments startup PhonePe.

Walmart, which paid $16 billion for a 77% stake in Flipkart in 2018, held 72% share in the firm as of last year, according to an analysis by market intelligence firm Tracxn. Tiger Global, prior to the recent transaction, held a 4% stake in Flipkart.

An alternative perspective on Walmart’s over $20 billion investment in Flipkart could be that the American giant has bought shares in a company that competes with the local division of Amazon, which was able to establish a similar business in-house for less than $7 billion.

The funding faucet for Flipkart probably won’t be turned off in the near future.

Flipkart has largely depleted the capital it raised in 2021 and now faces the need for another round of funding. Flipkart has gauged market interest in recent months, but no deal was struck due to a lower valuation. As such, it seems likely that it will turn back to Walmart to secure the majority of the financing needed for the next round.



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Tesla’s range-flation problem, Waymo reverses on self-driving trucks and Ford tweaks its EV playbook

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. 

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.

Hey frens! I’m back from vacation and who-wee — a lot happened this week from automaker earnings and the Tesla range inflation drama to Waymo tapping the brakes on self-driving and Cruise expanding to yet another city.

One other note, you can find me on TechCrunch’s Equity podcast, a place where I will show up on a semi-regular basis, including this episode that came out Friday!

Onward!


Want to reach out with a tip, comment or complaint? Email Kirsten at kirsten.korosec@techcrunch.com.

Reminder that you can drop us a note at tips@techcrunch.comIf you prefer to remain anonymousclick here to contact us, which includes SecureDrop (instructions here) and various encrypted messaging apps.

Micromobbin’

the station scooter1a

Is there anything else to talk about besides Lyft mulling the sale of its ebike division?

Lyft posted on its blog that it had received “strong inbound interest” in its bikes and scooters business.

The company stated:

As a leading bikeshare provider, supplying solutions to over 53 markets across 15 countries, it’s only logical for Lyft to listen to credible proposals and explore strategic partners and options in several forms to serve more riders in more cities. We expect this part of the business to continue to be a meaningful part of Lyft’s offering now and into the future.

The announcement runs contrary to what newly appointed CEO David Risher has told reporter Rebecca Bellan in past interviews. Risher, who is known as a big supporter of ebikes, did say the company planned to focus on its core ride-hailing business and become profitable, but it didn’t seem like the two-wheeled share service was on the chopping block.

The news prompted some here at TechCrunch to declare that shared micromobility was officially dead. I’m not so sure.

What do you think?

Deal of the week

money the station

Instead of a deal of the week, I’d like to call y’all’s attention to the list of deals below. See a pattern emerging?

Yup, me too. Software and EV charging sure seems like a thing, eh?

Other deals that got my attention this week …

Ampcontrol, an EV fleet management software startup, raised $10 million in Series A funding round led by the Westly Group. Other investors included AngelPad and Lorimer Ventures.

Aurora raised $820 million in a public and concurrent private offering (a deal we covered last week.) As I mentioned in the Equity podcast, tucked inside the SEC filing detailing the deal we learn that Uber invested $1 million in the private placement and $74 million in the public follow-on. When taking into account the Class B shares, Uber has a 22% stake in Aurora.

EV.energy, the UK-based EV charging software startup, raised $33 million in a Series B round led by National Grid Partners with participation from new investors Aviva Ventures, WEX Venture Capital and InMotion Ventures, as well as existing investors Energy Impact Partners, Future Energy Ventures and ArcTern Ventures.

Flipturn, a startup that developed a software management system for EV truck fleets, raised $4.5 million in a seed round led by Accel.

Field, the battery energy storage systems developer launched by former Bulb Energy co-founder Amit Gudka, raised £200 million from DIF Capital Partners.

Voltpost, a New York City–based startup that developed hardware that converts lampposts into EV charging spots, raised $3.6 million in a seed round led by RWE Energy Transition Investments with participation from Twynam Funds Management, Exelon Foundation, Good News Ventures and Climate Capital.

VW Group made a pair of deals with Chinese automakers aimed at shoring up sales in China, including taking a 5% stake valued at about $700 million XPeng as part of a deal to jointly develop and produce two mid-sized EVs for China. In a separate agreement, Audi expanded a partnership with SAIC. Reporter Rita Liao provides insight on what this deal could mean for future alliances between China and the West.

Notable reads and other tidbits

Autonomous vehicles

Cruise self-driving vehicles arrived in Nashville this week for testing; a robotaxi service is expected to follow. Cruise will also begin testing in multiple, new cities as part of its aggressive commercial ramp, according to the company. If the company’s careers page provides any hints, it seems Atlanta is one of them.

Want evidence that Cruise is accelerating? One year ago, Cruise only operated in San Francisco. Cruise has since expanded to Austin, Dallas, Houston, Phoenix and most recently Miami.

Rafaela Vasquez, the safety driver who was behind the wheel of an Uber ATG self-driving vehicle when it struck and killed a pedestrian in Tempe in 2018, pleaded guilty to endangerment. Vasquez was sentenced to three years of supervised probation.

Waymo is tapping the brakes on self-driving trucks and shifting most of its capital, resources and talent to one commercial bet: ride-hailing. I won’t call it a complete shutdown as limited testing will continue. But the program as it once stood is over. It seems most people on the team have kept their jobs at Waymo, per sources. (However, it’s still early; we’ll see how it all shakes out once the program is wound down.)

Earnings

Ford and GM both posted earnings this week and there were some general themes; namely that business is good if you’re selling gas and hybrid trucks and SUVs. The EV business? Well that’s a bit of a money loser. Both companies raised profit guidance for the year and GM said it would cut costs another $1 billion as it focuses on earning more money.

Ford, which now breaks out earnings for three business units, is tweaking its EV plans. The big line item is that Ford expects its EV business to lose $4.5 billion in 2023 — double what it previously forecast. And the company seems to be more bullish than ever on hybrids, which reminds me of Bill Ford’s comments way back in 2016 about viewing hybrids as a transitional, or bridge technology. At the time, the sentiment was about consumer adoption. These days Ford is learning that hybrid technology applied to trucks is particularly attractive to buyers.

Electric vehicles, batteries & charging

Ample, a San Francisco-based startup, is bringing its modular EV battery swapping technology to Mitsubishi Fuso’s electric trucks this winter.

GM isn’t going to kill off the Chevy Bolt EV after all. This is going to be a next-gen Bolt EV based on the new Ultium platform and battery design. I’m fascinated by this reversal because it happened so quickly (3 months!).  Will it still be assembled at the Orion plant? Reminder: Orion was supposed to be retooled for electric truck production once the Bolt went out of production at the end of 2023.

Tesla exaggerated the range estimates for its EVs for years, prompting owners to flood its service center over concerns that their vehicles needed service, according to a new detailed Reuters report. As I note in my own story, one of the nagging problems with range estimates is their variability, which allows some automakers to push the boundaries of the system. While the EPA does review and approve those estimates, it allows automakers to use one of two methods to reach those figures: use a standard formula that converts fuel economy results, or conduct additional tests to come up with their own range estimate. Tesla has always done the latter, which gives far better numbers.

Miscellaneous

Lacuna Technologies, a startup that sold software services to cities to help create and enforce transportation policies, has shut down, per a LinkedIn post from product lead Samuel Jackson. (h/t to the source who pointed me to the post).

Disrupt!

Beep beep! TechCrunch Disrupt 2023, taking place in San Francisco on September 19–21, is where you’ll get the inside scoop on the future of mobility. Come and hear from today’s leading mobility entrepreneurs on what it takes to build and innovate for a more sustainable future. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code STATION. Learn more.



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Conservative Attacks On Librarians Just Took A Very Dark Turn

The Houston Independent School District's (HISD) "Team Centers" will be for students with behavioral issues. Meanwhile, librarians are being thrown under the bus without a job. They will be eliminating librarian positions at 28 schools this upcoming year.

Click2Houston reports:

This comes as part of the new superintendent Mike Miles reform program, New Education System (NES). Currently, there are a total of 85 schools that have joined Miles' program, and of those, 28 campuses will lose their librarians. The district said they will have the opportunity to transition to other roles within the district.

The remaining 57 NES schools' librarians will be assessed on a case-by-case basis, according to the district.

Newsone put it well:

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Chuck Todd: 'It May Be Too Late' To Stop Trump From Dooming GOP

NBC host Chuck Todd argued that Republican voters may not realize Donald Trump can't win the presidency until it's "too late."

While speaking to NBC host Willie Geist on Sunday, Todd was asked if anything could change Trump's lead in the Republican primaries.

"You know, one of the things we're trying to focus people's attention to is what this calendar is starting to look like in the first six months of 2024," Todd explained. "In fact, the day of the Iowa caucuses, a civil trial involving Donald Trump begins,"

"I think that all of a sudden Republicans are going to ask themselves what are we doing," he continued. "But I don't think it's going to happen before it starts to play itself out."

Todd said he was astonished by the number of people who have not realized the seriousness of Trump's legal problems.

"I think that when it becomes clear that that the public's uncomfortable with this, it may be too late, and he may already have the nomination," the NBC host concluded.

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When you’ve got two exits under your belt by the age of 26

In this week’s edition of The Interchange, we get into M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in venture funding. We get into those deals and much more. Want to receive this in your inbox every Sunday? Sign up here.

Shopify’s credit bet, Jeeves’ update and AngelList’s second buy

Last week, Shopify announced a new offering — Shopify Credit, a business credit card designed exclusively for its merchants. The new product marked Shopify’s first pay-in-full business credit card, said Shopify president Harley Finkelstein. It is powered by Stripe and issued by Celtic Bank, “and accepted everywhere Visa is,” he added. My editor and I were intrigued by the fact that Shopify insisted it would charge no fees — no late fees, no foreign transaction fees, and no interest. But upon further digging into the fine print, as fellow fintech enthusiast Sar Haribhakti tweeted about, it turns out that Shopify is also describing the new offering as a “pay in full credit card.” So, merchants have 25 days after the close of their monthly billing cycle to pay their balance. And if they don’t? Well, according to Shopify’s website, the card will be locked and the merchant won’t be able to make any new purchases until the balance has been repaid. That explains how/why the company is not charging any interest! Unfortunately, I was traveling early last week and didn’t get to actually speak to Harley — our interview was over email, and somehow this little tidbit of information got left out. It certainly was not something that Shopify publicized. It feels like retail/commerce companies deciding to go into the credit card space should proceed with some caution, though, if Apple’s experience is any indication. The Information did a deep dive last week on how “the tech giant and the Wall Street titan went from ‘the most successful credit card launch ever’ to Goldman trying to exit the partnership.”

I also gave us an update on fintech startup Jeeves, which did something that us reporters wish more (actually, all) private companies would do — share financials. We’ve been covering the goings-on at Jeeves since the startup first emerged from stealth in July of 2021, announcing $131 million in debt and equity financing from investors such as Andreessen Horowitz (a16z). It then announced a $57 million Series B exactly three months later. Jeeves is among the many players in the corporate card space — but CEO and founder Dileep Thazhmon believes it’s got an advantage over competitors in that it can serve clients in Latin America (its biggest market) and other regions by offering cards that can be paid in local currencies. That’s a big deal, he says, because businesses can save money on foreign transaction fees, for example. He told us: “This is a really big differentiator because it means we’re the only expense management company that can issue local cards in Latin America, North America and Europe. It takes time to build rails in other countries. If you look at U.S.-based expense management platforms, they cannot onboard a company headquartered in Mexico. If you look at Mexican expense management providers, they cannot onboard a company [that] is headquartered in the U.S. Jeeves can do both.” Read about how Jeeves entered 2023 with annualized revenue of $40 million, its recent expansion beyond corporate cards into prepaid cards and cross-border payments, and what its plans for the future are here.

I also got the exclusive on some big news out of AngelList — its purchase of fintech startup Nova and formal expansion into the private equity space. I talked both with AngelList CEO Avlok Kohli and Nova founder Pradyuman Vig about how the deal came about and what the expansion means for the organization. On Friday’s episode of the Equity podcast, Alex Wilhelm, Kirsten Korosec and I dug into what some might consider an unexpected move for AngelList — which has historically served early-stage investors. Hint: We thought it might have a little something to do with its 2022 raise that was co-led by a global investor that rhymes with Kiger. Private equity talk aside, it’s always cool to see a young founder with not just one exit under their belt, but two — by the age of 26. — Mary Ann


Jeeves raises $180M at a $2.1B valuation

Image Credits: Founder Dileep Thazhmon / Jeeves

Weekly News

What do caregiving and divorce have in common? Financial stress for employees. This week, Christine reported on Helpful raising $7.5 million. The new app brings together insurance benefits, medical records and caregiving resources into one dashboard.

As reported by Manish Singh: “The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with Asia’s richest man. Jio Financial Services and BlackRock have struck a deal to form a joint venture, called Jio BlackRock, aimed at serving India’s growing investor base. BlackRock and Reliance’s finance unit are targeting an initial investment of $150 million each into the new 50/50 venture, which will seek to offer tech-enabled access to ‘affordable, innovative’ investment solutions for millions of investors in India, they said.” More here.

Dan Macklin, co-founder of SoFi, has joined Summer as president to help more students and families navigate and reduce student loans. TechCrunch reported on his original departure from SoFi here.

We spotted a tweet (or whatever it’s called now) by Forbes’ Alex Konrad this week about his interview with Victor Lazarte (the former CEO of Brazilian games startup Wildlife Studios), who is Benchmark’s newest equal partner. Lazarte told Forbes that he will invest broadly but has an interest in startups in games, consumer and fintech. TechCrunch’s Connie Loizos caught up with Benchmark’s Miles Grimshaw in June to discuss AI investment. More here.

Also, feds raised rates, and now some fintechs are doing so, too. Wealthfront announced on X that the rate on its “Cash Account” is increasing to 4.80% APY (annual percentage yield), up from 4.55% through its partner banks. If you refer a friend, you get 5.30% APY. Perhaps an interesting note is the up to $5 million FDIC insurance (and $10 million for joint accounts) being offered. Not to be outdone is Robinhood, which also announced via X that it was offering 4.9% APY on accounts that were FDIC-insured up to $2 million through program banks.

What else we’re reading

Six ways FedNow may affect businesses’ cash flow 

Vesttoo investigation reveals $4B fraud involving fake letters of credit

John Collison’s land grab: A Stripe co-founder grows in power

Mastercard’s cease-and-desist letters halt cannabis debit card transactions

Clearwater Analytics to launch new generative artificial intelligence solution for investment management

American Express introduces commercial partner program

Fundings and M&A

Seen on TechCrunch

Upgrade acquires travel-focused BNPL startup Uplift for a song (This is particularly notable considering that Uplift got acquired for far less than it raised over its lifetime.)

GlossGenius raises $28M to expand its bookings and payments platform for beauty businesses

Bloom Money raises £1M to digitize finance for ethnic communities

a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’

Bunq, the Dutch neobank, has raised $111M at a flat $1.8B valuation to break into the US 

Seen elsewhere

Inspectify, which sells software for property inspection services, lands $5.7M 

Digital MGA Foxquilt secures $12M funding

Houston workforce training startup acquired by California company

Mercury Financial secures $200M for its credit card business expansion

Deposit ‘marketplace’ launches with backing from BMO

Settle books $145M credit facility from Silicon Valley Bank 


Join us at TechCrunch Disrupt 2023 in San Francisco this September as we explore the impact of fintech on our world today. New this year, we will have a whole day dedicated to all things fintech, featuring some of today’s leading fintech figures. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code INTERCHANGE. Learn more.


Image Credits: Bryce Durbin



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This week in food tech: New fund shows food investments are still simmering

If you’re adventurous with your food, or just like to keep up with the fast-moving food tech industry, here’s a roundup of this week’s stories and some notable news we weren’t able to cover.

Supply Change Capital

The venture capital fund madness we’ve seen all year has made its way to the food sector. This week, I wrote about Supply Change Capital, which closed on $40 million in capital commitments for its first fund, targeting investments in the global food industry.

The female and Latina-owned firm is spearheaded by co-founders and managing partners Noramay Cadena and Shayna Harris, who met 14 years ago in business school.

The firm has already made 15 investments, including in allergen-free snack food company Partake Foods, ingredients startup Michroma and alternative seafood maker Aqua Cultured Foods.

Supply Change joins firms like Joyful Ventures, which debuted in June with $23 million, focused on investment in sustainable protein startups. Joyful was co-founded by Jennifer Stojkovic, Milo Runkle and Blaine Vess and has made two investments from the fund, including New School Foods and Orbillion Bio.

Global investment in food tech and agtech startups were 44% lower than in 2021, totaling $29.6 billion last year. Granted, 2021 had record-breaking investments into this space, but with all this dry powder on the sidelines, it looks promising for the next year.

As seen in TechCrunch

Brevel sprouts $18.5M to develop microalgae-based alternative proteins

Microalgae is everywhere, it seems. This week, Brevel announced a large seed round that will go toward developing microalgae into an alternative protein powder that can be used in foods.

What else I’m reading

Cultivated beef, it’s what’s for dinner in Europe: Israel’s Aleph Farms gears up to sell first cultivated beef cuts in Europe.

New to the aisles of Whole Foods Markets: Actual Veggies expands at the grocery chain amid over 300% growth in the past year. Meati Foods makes its national launch in 46 states (here’s more about them). And Konscious Foods debuts its frozen, plant-based sushi there.

Egg-citing growth: Yo! Egg makes its nationwide launch via a partnership with Veggie Grill. Read our coverage of the company, especially as it relates to the recent hike in traditional egg prices.

Smooth to the touch: MycoWorks unveils plastic-free leather alternative for luxury fashion brands. Read more about our coverage of this company making “leather” from mushrooms.

Gordon Ramsay likes ramen: Gordon Ramsay partners with vegan ramen brand. See who else has plant-based ramen.

Brewing up some M&A: RTD cold brew maker High Brew acquired by Beliv. Ready-to-drink is big; read more.

If you have a juicy tip or lead about happenings in the venture and food tech worlds, you can reach Christine Hall at chall.techcrunch@gmail.com or Signal at 832-862-1051. Anonymity requests will be respected. 



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Pyramid Scheme

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Saturday, 29 July 2023

LNMC: Take It To The Limit By The Eagles

They say deaths come in threes, and the music world hit their three. First with Tony Bennett. Then this week, the world took a one-two with the loss of Sinead O'Connor and Eagles founding member Randy Meisner. Out of all their music and all the songs that Meisner took part in, this is the one song that was his and he owned it with his heart and soul. The range of his vocals just leaves one dumbstruck, as this live performance of his song clearly demonstrates.

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Pharma Greed Leads To Over 300 Active Shortages Of Generic Drugs

Geoffrey Joyce, University of Southern California

Past public ire over high drug prices has recently taken a back seat to a more insidious problem – no drugs at any price.

Patients and their providers increasingly face limited or nonexistent supplies of drugs, many of which treat essential conditions such as cancer, heart disease and bacterial infections. The American Society of Health System Pharmacists now lists over 300 active shortages, primarily of decades-old generic drugs no longer protected by patents.

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Twitter rebrands to ‘X,’ hackers infect Call of Duty, and foreign visitors to China go cashless

Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. Life getting in the way of your daily TechCrunch habit? Not to worry. WiR will get you caught up in no time.

This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; Twitter rebranding to “X”; and hackers infecting Call of Duty with self-spreading malware. Elsewhere, we dive into a North Korean hacking group, foreign Chinese visitors’ newfound ability to go cashless, and the rollout of Sam Altman’s Worldcoin eyeball-scanning crypto project.

As always, it’s a lot to get to, so let’s not delay. But first, a reminder that if you haven’t already, sign up here to get WiR in your inbox every Saturday.

Most read

Twitter rebrands to “X”: This week, Twitter removed its iconic bird logo and adopted “X” as its new official branding. The move, which Elon Musk announced over the weekend, is a harbinger of the platform’s shift — perhaps more aspirational than concrete — to deemphasize text tweets in favor of audio, video, messaging and payment and banking.

Now it’s my X: Twitter’s rebranding to X hasn’t been faring exceptionally well. In addition to a haphazard rollout that saw parts of the site referencing “X” while others still implored you to “search Twitter” or push a blue button to “Tweet,” the company didn’t even make an attempt to secure the @x Twitter handle, owned by Gene X Hwang of the corporate photography and videography studio Orange Photography. Twitter later wrested control of the handle without notifying or compensating Hwang.

Hackers infect Call of Duty: Hackers are infecting players of an old Call of Duty game, Modern Warfare 2, with a worm that spreads automatically in online lobbies. As Lorenzo writes, Modern Warfare 2 was released quite a bit ago — 2009 — but still has a small community of players. Call of Duty publisher Activision said in a tweet that it would bring the Steam version of the game offline as it “investigates report of [the] issue.”

Foreign visitors to China go cashless: This week, China’s two dominant mobile payment solutions, WeChat Pay and Alipay, announced that foreign users can now pay at Chinese retailers by linking their foreign credit cards, including Visa, Mastercard and Discover. Previously, using WeChat Pay and Alipay in China required a local bank account, making it challenging for short-term visitors to use these payment methods.

Worldcoin launches its eyeball-scanning project: Worldcoin, Sam Altman’s audacious eyeball-scanning crypto startup, has begun the global rollout of its services to help build a reliable solution for distinguishing humans from AI online. People can download World App, the startup’s protocol-compatible wallet software, and visit an Orb, Worldcoin’s helmet-shaped eyeball-scanning verification device, to receive a unique “World ID.”

North Korean hackers expose themselves: Security researchers say they have high confidence that North Korean hackers were behind a recent intrusion at enterprise software company JumpCloud because of a mistake the hackers made. Mandiant, which is assisting one of JumpCloud’s affected customers, attributed the breach to hackers working for North Korea’s Reconnaissance General Bureau, or RGB, a hacking unit that targets cryptocurrency companies and steals passwords from executives and security teams.

Waymo puts the brakes on trucks: Waymo is tapping the brakes on self-driving trucks and shifting most of its capital, resources and talent to one commercial bet: ride-hailing. Kirsten writes that the move, which was announced Wednesday in a company blog post, comes six years after Waymo first tested its autonomous vehicle system in Class 8 trucks. The company emphasized the decision was driven by the commercial opportunities in applying its autonomous vehicle technology to ride-hailing.

SEC probes Bolt ex-CEO: Ryan Breslow, co-founder of the e-commerce software outfit Bolt, was subpoenaed along with the company last year by the U.S. Securities and Exchange Commission, Christine reported this week. A letter authored in April by a lawyer representing Bolt investors said the SEC was investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021.

Audio

In need of a podcast to fill the hours? You’re in luck. TechCrunch has a roster of new episodes to keep you both entertained and informed.

On Equity this week, the crew dug through the headlines of the past few days, starting with AngelList’s acquisition of Nova, Waymo steering toward robotaxis and the latest on interest rates from the Fed. They also touched on earnings for Big Tech and how more limited partner capital can funnel into diverse venture funds.

Found featured a conversation with Mandy Price, the co-founder and CEO at Kanarys, a software-as-a-service startup that helps companies tackle their diversity and inclusion problems with data. Mandy talked about why she started the company after a decade-long career as a lawyer and why she didn’t want Kanarys to just be focused on hiring metrics, as many other diversity, equity and inclusion platforms are.

And on Chain Reaction, Deana Burke and Natasha Hoskins, the co-founders of Boys Club, spoke about their social decentralized autonomous organization for the “crypto curious.” Originally designed to get women and nonbinary people into the web3 world, Boys Club now aims to be an open space for anyone looking to get into the space.

TechCrunch+

TC+ subscribers get access to in-depth commentary, analysis and surveys — which you know if you’re already a subscriber. If you’re not, consider signing up. Here are a few highlights from this week:

Why SAFE rounds are safe: SAFEs, simple agreements for future equity, have long been touted as a founder-friendly structure for signing venture deals. But is it really fair to call them that? Rebecca investigates.

Positivity in the face of toxicity: Dominic writes about how prioritizing positive company culture is just as important — or at least, should be as important — as investor returns.

Playing the long AI game: Microsoft’s and Alphabet’s results indicate the AI game is more of a long-term strategy, Alex writes.


Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code WIR. Learn more.



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CISA’s security-by-design initiative is at risk: Here’s a path forward

The Biden administration’s 2023 National Cybersecurity Strategy identified structural shortcomings in the state of cybersecurity, calling out the failure of market forces to adequately distribute responsibility for the security of data and digital systems. Most prominently, the strategy seeks to “rebalance responsibility [for security] to those best positioned.”

Shortly after the strategy’s launch in March of this year, the Cybersecurity and Infrastructure Security Agency (CISA) kicked off an effort to “shift the balance of cybersecurity risk” by pushing firms to adopt security-by-design (SbD) practices, improving the safety and security of their products at the design phase and throughout their life cycle.

CISA director Jen Easterly’s announcement of these efforts appears to put CISA at the forefront of this rebalancing, addressing technology vendors’ incentives to underinvest in security through changes in how those firms design and deploy the products they sell. As the first substantive proposal from President Biden’s administration to effectuate this rebalancing since the launch of the strategy, the success or failure of the SbD initiative could be a bellwether for one of the strategy’s two fundamental ideas.

Success with SbD is at risk, however, both from the political challenges of implementing SbD practices and the threat of unrealistic expectations. This piece addresses both and highlights a path forward.

Political and structural headwinds

The politics of SbD implementation — which implicitly require a capacity to compel change in vendor practices, as well as the insight to design them — are treacherous ground for CISA, as the fast-growing agency is not a regulator. In time, it might become one, but current and past leadership insist that such responsibilities would be at odds with agency culture and its operational responsibilities.

The agency’s ability to support, build capacity, train, coordinate, and plan together with state, local, tribal and territorial entities, and industry stakeholders is rooted in its disposition as a trusted partner and neutral convener.

This means CISA should be only one of several federal agencies working to implement SbD, with cooperation from regulators like the Federal Trade Commission (FTC), a sharp and pointy complement to CISA’s open-handed approach. Otherwise, the SbD initiative could place CISA in a bind, trying to fix entrenched market incentive problems but without the ability to compel companies to act differently. CISA efforts to create accountability might undermine its attempts to generate goodwill.

Developing and defining a set of SbD practices that vendors can attest to, and that the U.S. government and other parties can verify or enforce, is a tremendous undertaking in and of itself. CISA must build SbD practices alongside an architecture for enforcement that sets clear roles for entities like the FTC, the Department of Defense, the Securities and Exchange Commission, and the General Services Administration.

The White House has responsibility here, too, and specifically the Office of the National Cyber Director, to guide this multi-agency effort within a strategy to manage the industry politics of shifting the incentives in this market — precisely what the office was designed, staffed, and organized to do. CISA’s focus must remain on enumerating and updating the essential SbD practices.

Just one piece of the puzzle

As we have argued before, “no strategy can address all sources of risk at once, but . . . silver bullets often trade rhetorical clarity for crippling internal compromises.” The SbD program could achieve deep, meaningful changes in how some of the largest technology vendors build services and products. Those changes would have material benefits for the security of every technology user.

However, cajoling all firms toward a comprehensive and uniform set of best practices is a fundamentally incompletable task.

Malicious actors perpetually seek new means of exploit; different sectors and system classes face different and unique challenges; and new technologies are prone to modes of failure, both new and unforeseen. Adopting certain new processes, rigorously enforcing them, and fixing existing incentives would still be a much-needed improvement over the current status quo.

However, adopting memory-safe languages or pushing large actors toward better risk management would not necessarily have prevented many significant vulnerabilities in recent memory, such as Log4Shell. To succeed, CISA will also need to understand how large technology companies build products and services — current industry practice is far from complete or perfect, but it is the baseline from which SbD hopes to drive change. Understanding that baseline is critical.

There is danger when rhetoric around shifting responsibility in cyberspace suggests that cybersecurity problems and challenges exist only because technology vendors cut corners or that all cybersecurity risk can be avoided by following a simple set of straightforward practices. The increasingly interconnected, dependent nature of software systems, as well as the variety of organizations and systems they connect to, creates risks all its own.

SbD is an important piece of managing this — the status quo of responsibility deferred to the user is broken — but describing SbD as a panacea risks creating backlash when insecurity inevitably persists.

It is clear CISA recognizes that success in SbD could be one of the most impactful policy interventions in cybersecurity in the last decade. It is also clear that the program, even in its most successful incarnation, will leave some problems unsolved. Specificity about the scope and goals of the program will help prevent its inevitable critics from distorting the debate into all-or-nothing terms.

Risk and opportunity

SbD — the first policy manifestation of the National Cybersecurity Strategy’s effort to shift responsibility — will not come about by sheer goodwill alone. CISA is not a regulator, and it must define a path for federal agencies that are regulators so that the implementation of SbD leverages the broader standards setting, enforcement, and regulatory powers of the federal government.

Shying away from direct government enforcement of these security practices risks consigning the effort to history, alongside many other “voluntary” and “industry-led” programs.

The growing and talented team at CISA have 18 months until January 2025, which will bring either the paralyzing tumult of transition or the still-chaotic maturation of a first-term administration into a second. The largest vendors that would participate in this program are not going anywhere and can afford to wait.

In this sense, CISA and the wider U.S. government’s cyber policy apparatus is on the clock. CISA must focus on the essential elements of SbD and organize, build, and engage with a clear deadline in mind. The clock is ticking.



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Friday, 28 July 2023

We Don't Deserve Dogs - Part One Gazillion

Heart dogs is a term used by dog owners and it is used for those special dogs that can come into our lives and form a bond and a love with their human that it is so strong, it can take your breath away. The Dodo brings us this touching story of one such dog. Her human was diagnosed with cancer, which meant she would have to go away for several long months. The human tried to do facetimes with the dog when she could. And when the dogs were finally able to visit her, they were besides themselves with love and joy. But when the woman finally comes home, well, just have your box of tissues ready.

Now I have to go hug my heart dog for a few hours.

Open thread below...

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Medicare Advantage Is A Scam

Democratic U.S. lawmakers on Tuesday joined senior citizens, people with disabilities, and healthcare campaigners at a Capitol Hill press conference to kick off a week of action demanding Congress move to stop abuses by so-called Medicare Advantage programs peddled by profiteering insurance companies and "reclaim Medicare."

"We are here to raise the alarm about Medicare Advantage. We are here to protect our Medicare," Sen. Elizabeth Warren (D-Mass.) said to robust applause.

"This year, for the very first time, more than half of all beneficiaries are enrolled in Medicare Advantage instead of traditional Medicare," she continued. "But Medicare Advantage substitutes private insurance companies for traditional Medicare coverage, and that private coverage is failing both Medicare beneficiaries and taxpayers."

"It's all about the money," Warren said. "Private insurers are in Medicare Advantage to play games to extract more money from the government."

"Experts estimate that Medicare Advantage insurers will receive more than $75 billion in overpayments this year alone, and that's the real punch to the gut," she continued. "Not only do Medicare Advantage insurers rip off the government, they routinely deny care to patients who need it."

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Elon Musk’s Twitter: Everything you need to know, from layoffs to verification

Welcome to Elon Musk’s Twitter, where the rules are made up and the check marks don’t matter.

The Tesla and SpaceX CEO first announced his bid to buy Twitter in April 2022, zealously driven to rid the platform of spam bots and protect free speech.

“This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said at a TED conference on the day he made his offer. “I don’t care about the economics at all.”

Even for one of the richest men in the world, $44 billion is a lot of money to cough up to buy a middling social platform. Despite his fervent declarations about expanding “the scope and scale of consciousness” through public discourse, the billionaire got cold feet. A month later in May, he tried to kill the deal, claiming that Twitter had more bots than its public filings let on. After a truly chaotic legal discovery process, which even included some embarrassing texts, Musk was forced to seal the deal. By October, the platform was his.

Since Musk bought Twitter and took the company private, the news around the microblogging platform has been a whirlwind, rife with verification chaos, API access shakeups, ban reversals and staggering layoffs. Most recently, Musk tweeted that he will transition from his role as Twitter CEO to serving as its executive chair and CTO. It was announced on May 12 that Linda Yaccarino will step in as the next Twitter CEO. Yaccarino will be leaving her role as chairman of Global Advertising & Partnerships at NBCU.

If you’re just catching up, here’s a complete timeline of what’s going down at the bird app, starting with the most recent news:

July 2023

Twitter is now X

The iconic bird logo is officially replaced with ‘X’ after Elon Musk announced the change the weekend of July 22. Notably, Musk x.com now also redirects to twitter.com. Musk also called this an “interim” logo, so we might see another logo change in the future.

The app also changed its official handle to @x as part of the ongoing rebranding. The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. Follow @x for updates.” However, the original owner of the @x handle, Gene X Hwang of the corporate photography and videography studio Orange Photography, confirmed to TechCrunch that the company took over his account without warning or financial compensation, telling him the handle is property of X.

Twitter preps a job listing feature 

Twitter hasn’t officially announced the job postings feature yet, although some verified organizations have already been able to post job listings under their bios. The job listings take applicants directly to the company’s website, where they can learn more about the position and submit an application.

Twitter Notes is back…kinda

Twitter Notes, the feature that allows Twitter users to publish long-form content, appears to be back on track, according to a post from Twitter owner Elon Musk on Tuesday. Musk confirmed the company’s plans in response to a user’s tweet which claimed the Twitter Notes project had recently been rebranded as “Articles.”

On Tuesday, July 18, user @FaustoChou tweeted that Notes had been renamed to Articles, signaling perhaps renewed development efforts on Twitter’s part. His screenshot showed the Notes interface, looking much like it did before, as well as other unlaunched features, like Twitter Coins. Musk replied to the tweet, confirming Twitter’s plans.

Twitter shares ad revenue with verified creators

Twitter will now pay creators for a share of the ad revenue earned from ads served in the replies to their posts. Twitter Blue subscribers who have earned more than 5 million tweet impressions each month for the last 3 months are eligible to join the creator payouts.

According to Elon Musk, the first round of creator payouts will total $5 million, and will be cumulative from the month of February onward. These payouts will be delivered via Stripe.

Despite the program’s significant payouts, some creators weren’t happy — and took their complaints to Twitter owner Elon Musk. In a series of tweets, Musk addressed creators’ concerns over things like the types of accounts that were eligible for monetization, rate limits and other issues.

With the announcement of new DM settings, Twitter admits to having a Verified spammer issue

Starting “as soon as” July 14, Twitter will introduce a new messages setting aimed at reducing spam in DMs by moving messages from Verified users you don’t follow back to your “Message Request” inbox instead of your main inbox. Only messages from people you follow will arrive in your primary inbox going forward. Notably, these changes will also now apply to everyone who has their inboxes open to allow messages from anyone.

Before becoming pay-to-play, Twitter verification indicated a person was a public or notable figure of some sort — like a politician, celebrity, athlete, journalist or other well-known individual. By making the Verified blue checkmark accessible to anyone who purchased it, Twitter diluted the value of verification.

That apparently escalated to the point that people have become bothered by Verified users spamming their main inbox, when they had set it open to receive DMs from the blue-badged crowd. In other words, Twitter has a Verified user spam problem.

Twitter blocks links to Threads

Twitter CEO Linda Yaccarino is pushing back at reports that Twitter traffic is tanking as a result of the July 5 launch of a new competitor, Instagram Threads. However, on Monday, July 10, users reported that Twitter seems to be selectively blocking links to Threads.net’s website in Twitter searches, making it more difficult for anyone to surface conversations on Threads or locate users’ profiles.

Twitter threatens to sue Meta over its new Threads app

Less than 24 hours after Threads launched, the Elon Musk-owned company accused Meta of poaching former Twitter employees to create the new platform.

“Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information,” Spiro wrote in the letter, which Semafor shared online. “Twitter reserves all rights, including, but not limited to, the right to seek both civil remedies and injunctive relief without further notice to prevent any further retention, disclosure, or use of its intellectual property by Meta.”

June 2023

Only verified users will be able to access TweetDeck after 30 days from now

After swaths of users were unable to access parts of TweetDeck over the last few days, Twitter started rolling out a new version of the web app to users July 3. The company also added that in 30 days, users will have to be verified to access TweetDeck. This means only Twitter Blue subscribers, verified organizations and some folks who have been gifted verification by Twitter will be able to use TweetDeck come August.

Twitter limits the number of tweets users can read in a day

Twitter is putting limits to how many tweets its users can read as the social media platform suffers extended outage that has stymied users’ ability to track new posts.

Verified account holders can peruse a maximum of 6,000 posts daily, while unverified users must contend with a drastically reduced limit of 600 posts. Newly registered, unverified users face even tighter restrictions with an allowance of a mere 300 posts per day, according to Elon Musk. (He has since increased the limit to 10,000, 1,000 and 500, respectively.)

These read limits impacted TweetDeck users in particular, reporting major problems including notifications and entire columns failing to load.

Twitter requires an account to view tweets

If you’re not logged into your Twitter account, or don’t have one, and try to view a tweet, you’ll be presented with a sign-in screen. However, days later, Twitter silently removed the login requirement for viewing tweets.

When Twitter started enforcing the login requirement, Musk said that he took these “temporary” measures to prevent data scraping.

The company hasn’t made any official announcement about allowing users to view links when you aren’t logged in or given any details on what measures it has taken to stop scraping.

Subscribers can now post 25,000-character-long tweets

The company made the change to its Twitter Blue page today, indicating the limit. An engineer at Twitter, Prachi Poddar, also announced the change by posting a long tweet.

Twitter faces a $250 million lawsuit filed by major music publishers

The National Music Publishers’ Association (NMPA), representing 17 publishers, listed 1,700 songs for which it sent multiple copyright violation notices to Twitter. The lawsuit, filed in Federal District Court in Nashville, says that Twitter didn’t take any action against these notices. The publishers’ organization said in the filing that it is seeking fines of up to $150,000 for each violation.

The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.” It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music.

Twitter is being evicted from its Boulder office

Court documents show that Twitter owes three months’ rent to its Boulder landlord, and a judge has signed off on evicting the tech giant from that office.

In May the landlord took it to court, and on May 31 the judge issued an order that the sheriff should assist in the eviction of Twitter within the next 49 days — i.e. before the end of July. The case number is 2023CV30342 in Boulder District Court.

As many as 300 employees once worked in Twitter’s Boulder offices, but between layoffs, other firings, and resignations, it is probably less than half of that now.

Window to edit tweets is increased to one hour for Blue subscribers

The time limit to edit tweets has increased from 30 minutes to one hour for Blue subscribers, giving users a bigger window to change their tweets and correct any typos.

Linda Yaccarino is officially Twitter CEO

Twitter CEO Linda Yaccarino officially started her new gig on Monday, June 5, according to a tweet.

Trust and safety lead resigns

Ella Irwin took over for Yoel Roth, who famously left the company during the early days of Elon Musk’s chaotic Twitter takeover.

May 2023

Twitter launched Community Notes for images in posts

The latest feature is an effort to put more onus on crowdsourced moderation by allowing users to address scenarios of morphed images or AI-generated images across the platform where the photos are posted. The launches comes days after a fake AI-generated image about an attack on the Pentagon spread quickly as prominent accounts retweeted it.

Twitter’s new API tier costs $5,000 per month

Twitter API Pro for startups gives developers the ability to fetch 1 million tweets per month and post 300,000 tweets per month, and gives them access to the full archive search endpoint.

Twitter Blue users can now upload two-hour videos

Twitter made changes to its paid plan, allowing subscribers to upload two-hour videos — expanding the previous 60-minute limit.

The company also modified its Twitter Blue page and said the video file size limit for paid users is now increased from 2GB to 8GB. While earlier longer video upload was only possible from the web, now it’s also possible through the iOS app. Despite these changes, the maximum quality for upload still remains 1080p.

The rumors are confirmed: NBCU’s leader Linda Yaccarino as the next CEO of Twitter

Musk confirmed Yaccarino’s new role in a tweet this morning (May 12), a day after he announced that he had completed his search for a new CEO.

Elon Musk tweets that he has found a new CEO 

“Excited to announce that I’ve a new CEO for X/Twitter,” Musk wrote in a tweet on May 11. “She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops.”

Twitter released its first version of encrypted DMs

Currently, this feature is only available to verified Blue users or accounts associated with verified organizations. Additionally, the encryption feature isn’t compatible with group messages and Twitter doesn’t offer protection against man-in-the-middle attacks.

Twitter now allows you to react to DMs with emojis

Twitter has introduced a new feature that lets users choose almost any emoji to react to a DM in a conversation. Previously, the company allowed you to react to only the most recent DM with only a select set of emojis. CEO Elon Musk tweeted that the new feature is rolling out with the latest app update.

Twitter is purging old accounts and freeing up desired usernames, according to Elon Musk 

According to recent tweets by owner Elon Musk, Twitter is purging inactive accounts that have had “no activity at all for several years.”

Twitter is contemplating a cheaper verification plan for organizations

Twitter is thinking about an organizational verification plan that doesn’t cost $1,000 a month. Over the Cinco de Mayo weekend, Elon Musk tweeted that the company is working on a cheaper plan for small businesses, but didn’t give any details about the cost.

Twitter confirmed Circle tweets were temporarily not private 

Twitter confirmed a security error that made Circle tweets surface publicly. TechCrunch reported the glitch in early April, but the platform confirmed the issue May 5 in an email sent to Twitter Circle users.

“In April 2023, a security incident may have allowed users outside of your Twitter Circle to see tweets that should have otherwise been limited to the Circle to which you were posting,” the email said. Twitter claims that the bug has now been fixed, and that the team knows what caused it.

Twitter makes its API free for public announcement accounts 

Twitter announced on May 2 that it is making its API free for verified government or public-owned services posting about public utility alerts such as weather alerts, transportation information and emergency warnings. This comes a month after the company announced its new API pricing tiers.

A bug on Twitter causes legacy blue checks to reappear by updating your bio

It doesn’t seem to matter what text you’re adding to your bio — TechCrunch reporter Amanda Silberling added a few spaces, then got her check back for a moment. It even showed up with the old text that designates that she is “notable in government, news, entertainment, or another designated category,” and she did not, in fact, pay for this. But once you refresh the page it disappears. In fact, it’s unclear whether anyone else can even see your check briefly reappear.

April 2023

EU warns Twitter over disinformation

Twitter was confirmed April 25 as one of 19 major tech platforms subject to centralized oversight by the European Union’s executive starting this fall, when so-called very large online platforms (VLOPs) are expected to be compliant with the Digital Services Act (DSA). But the Commission has not wasted any time warning the Elon Musk-owned social network that things aren’t looking good for staying on the right side of the incoming law.

In a pair of tweets, Vera Jourova, the EU’s values and transparency VP, warned of “yet another negative sign” by Twitter — accusing the platform under Musk of “not making digital information space any safer and free from the Kremlin #disinformation & malicious influence”.

Twitter now shows labels on tweets with reduced visibility

Twitter said that labels will be shown to both authors and viewers. Usually, these tweets will show text such as “Visibility limited: this Tweet may violate Twitter’s rules against Hateful Conduct.”

The app’s enforcement policy says that tweets with such labels will not show up in search results, recommendations or timelines — those tweets will be hidden in both the “For You” and “Following timelines. Additionally, there will be no ads placed adjacent to posts with reduced visibility.

Twitter restored Blue verification mark for top accounts, even if they didn’t pay for Twitter Blue

Over the April 21st weekend, multiple top accounts (with more than 1 million followers) got their verification marks back. However, many of them, including writer Neil Gaiman, footballer Riyad Mahrez, musician Lil Nas X, actress Janel Parrish Long and British TV presenter Richard Osman said that they didn’t pay for the blue badge.

In March, The New York Times reported that Twitter was considering handing out a free verification mark to the top 10,000 brands and companies. It’s not clear if the company is applying the same policy to personal accounts.

Twitter removes ‘government-funded’ news labels

Twitter has removed “government-funded media” labels on all accounts, from NPR to the Chinese state-affiliated Xinhua News. The app even appears to have deleted its web page explaining the “government-funded media” labels.

Twitter sends an email seemingly requiring advertisers to have a verified checkmark

Several users have posted screenshots of an email reportedly sent by Twitter, which states that starting from April 21, verified checkmarks are required to continue running ads on the platform.

Twitter officially kills legacy blue checkmarks on 4/20

With the legacy checks gone, the app will have verification marks only for paid users and businesses, as well as government entities and officials. Now if a user sees a blue check mark and clicks on it, the label reads: “This account is verified because they are subscribed to Twitter Blue and verified their phone number.”

Microsoft drops Twitter from its advertising platform

Microsoft is dropping the bird app from its advertising platform starting on April 25, nearly two months after Twitter announced that it will begin charging a minimum of $42,000 per month to users of its API, including enterprises and research institutions. The moves mean users will no longer be able to access their account, or create, schedule or otherwise manage tweets through Microsoft’s free social media management service.

Twitter owner Elon Musk threatened to take legal action:

Twitter quietly removes policy against misgendering trans people

Twitter updated its content moderation guidelines regarding hateful content, removing a policy that prohibited the targeted deadnaming or misgendering of transgender people. Enacted in 2018, the policy explicitly stated that it violated Twitter’s rules to repeatedly and purposefully call a transgender person by the wrong name or pronouns.

Twitter to label tweets that get downranked for violating its hate speech policy

Twitter plans to “soon” begin adding visible labels on tweets that have been identified as potentially violating its policies, which has impacted their visibility. It did not say when exactly the system would be fully rolled out across its network.

Typically, when tweets violate Twitter’s policies, one of the actions the company can take is to limit the reach of those tweets — or something it calls “visibility filtering.” In these scenarios, the tweets remain online but become less discoverable, as they’re excluded from areas like search results, trends, recommended notifications, For You and Following timelines, and more.

Historically, the wider public would not necessarily know if a tweet had been moderated in this way. Now Twitter says that will change.

10,000-character-long tweets for Blue subscribers

Twitter’s new feature will let Blue subscribers post 10,000-character-long posts — as if the social network is trying to compete with a rival newsletter platform. Twitter has also added support for bold and italic text formatting.

Long-form writing is also not entirely new. Last June, the company introduced a program called Twitter Notes for select writers. However, that program was shut down under Musk. After taking over the company he also killed newsletter tool Revue, a startup Twitter had acquired in 2021.

NPR, PBS and a handful of other news organizations bail on Twitter as Musk meddles with account labels

A PBS spokesperson confirmed to Axios that PBS had “no plans to resume tweeting” after Twitter gave it a murky “government-funded media” label over the weekend. A few other news entities appeared to have followed suit, including the prominent Boston NPR affiliate WBUR, Hawaii Public Radio and LA-based local news source LAist.

The Australian Broadcasting Company (ABC Australia), Australia’s Special Broadcasting Service (SBS), New Zealand’s public broadcaster RNZ, Sweden’s SR Ekot and SVT, and Catalonia’s TV3.cat a were labeled “government-funded media” weeks later.

Twitter partners with eToro to show real-time stock and crypto information

This expands upon the social network’s Cashtag feature, which provided info about a limited number of stocks and crypto coins through TradingView data.

The new partnership with eToro goes beyond just displaying information. It also redirects users to the eToro site where they can engage in trading. If you search for a stock on Twitter, you will see a button saying “View on eToro,” which redirects to the site.

Elon Musk says he only bought Twitter because he thought he’d be forced to 

Elon Musk gave a rare interview to an actual reporter late on Tuesday, speaking to BBC reporter James Clayton on Twitter Spaces. During the interview, Clayton pressed Musk on whether his purchase of Twitter was, in the end, something he went through with willingly, or whether it was something he did because the active court case at the time in which Twitter was trying to force him to go through with the sale was going badly.

The answer was that Musk did indeed only do the deal because he believed legally, he was going to be forced to do so anyway.

Elon Musk says Twitter will officially remove legacy checkmarks on 4/20

This is the “final date,” he said in a tweet. If the move goes through, Twitter will have verification marks only for paid users and businesses, and government entities and officials.

Twitter, Inc. is now X Corp.

Twitter, Inc. is now called X Corp., according to a court filing in California.

Since Twitter is no longer a public company, it does not have to report updates like name changes to the SEC. But in any case, the new name was spotted in an April 4 document related to far-right activist Laura Loomer’s lawsuit against Twitter and Facebook.

“Twitter, Inc. has been merged into X Corp. and no longer exists,” the document states.

Ex-Twitter CEO and other execs sue firm over unpaid legal bills

The lawsuit, filed in Delaware Chancery Court, alleged that Twitter has to pay more than $1 million to the former executives for legal bills they incurred while at the company to respond to requests by the Department of Justice and Securities and Exchange Commission.

Twitter Circle tweets aren’t very private

Numerous Twitter users reported a bug on April 10 in which Circle tweets are surfacing on the algorithmically generated For You timeline. That means that your supposedly private posts might breach containment to reach an unintended audience, which could quickly spark some uncomfortable situations.

TechCrunch has spoken to multiple users who have also experienced this glitch firsthand; many more have reported the glitch in their tweets. Most often, it seems that Circle tweets are being surfaced in the For You timeline to users who follow the poster, but are not in their Circle. Others have reported that their Circle tweets are reaching even further than those who follow them.

A year later, Twitter is now resurfacing official Russian accounts in search results

The Elon Musk-owned platform has resumed surfacing accounts of Vladimir Putin and the Russian Embassy in search results. A former Twitter employee told the publication that this move is likely because of a policy change.

Twitter won’t let you retweet, like or reply to Substack links

Twitter is censoring Substack links by making the posts impossible to reply to, like or retweet. While quote-tweeting works, simply pressing the retweet button surfaces an error message: “Some actions on this Tweet have been disabled by Twitter.”

You didn’t hear this from us, but if you link to a Substack via a redirected URL, it seems to post without restrictions.

Twitter Blue subscribers will now be shown ‘half ads’ on the platform

Twitter is rolling out additional features for Blue subscribers including showing 50% of ads in their timeline compared to non-paid users and a visibility boost in search.

“As you scroll, you will see approximately twice as many organic or non-promoted Tweets placed in between promoted Tweets or ads. There may be times when there are more or fewer non-promoted Tweets between promoted Tweets,” Twitter’s description of the feature says.

While Twitter is claiming to reduce ads on paid subscribers’ feeds, it is hard to prove if they are actually seeing fewer ads apart from anecdotal experiences.

Twitter singles NPR out with misleading state-backed media label

NPR’s Twitter account on the platform now comes with a tag denoting it as “US state-affiliated media.” But NPR doesn’t meet Twitter’s own definition for a state-affiliated account:

State-affiliated media is defined as outlets where the state exercises control over editorial content through financial resources, direct or indirect political pressures, and/or control over production and distribution…

State-financed media organizations with editorial independence, like the BBC in the UK for example, are not defined as state-affiliated media for the purposes of this policy.

NPR later announced that it will no longer be posting content to its 52 official Twitter feeds, becoming the first major news organization to go silent on the social media platform.

Twitter’s verification changes feel like an accidental April Fools’ joke

Musk had claimed that starting on April 1, blue checkmarks that previously indicated that an account was legitimate, verified and notable would be maintained only for those who have a subscription to Twitter Blue. The change would be part of a wider push for Twitter to gate previously free features, and bundle new ones, under the $8 per month Twitter Blue subscription, which costs $11 on iOS and Android devices.

As numerous celebrities and businesses spoke out to say they wouldn’t pay the $8 fee, it appeared that removing so many blue checks would be easier said than done. Instead, Twitter merely updated the text accompanying a blue check to make it unclear whether someone was verified for being notable, or for paying for Twitter Blue. In an ultimate act of pettiness, Twitter removed The New York Times’ verification check when the news giant said it wouldn’t pay for verification.

Based on early returns, the revamped Twitter Blue has yet to contribute significantly to Twitter’s bottom line, with just $11 million generated from mobile signups in its first three months.

March 2023

Twitter announces new API tiers; free, basic and enterprise levels

The three API tiers include a free level meant for content posting bots, a $100/month basic level and a costly enterprise level. Subscribing to any level gets access to the Ads API at no additional cost. 

Twitter mentioned that over the next 30 days, the company will discontinue old access levels, including Standard (for v1.1), Essential and Elevated (for v2), and Premium.

Developers remain unhappy with Twitter’s new API structure.

Elon Musk says Twitter will only show verified accounts on its “For You” timeline starting April 15

Musk justified the move by saying this was the “only realistic way to address advanced AI bot swarms taking over.”

New Twitter accounts now have to wait only 30 days to purchase Twitter Blue

Twitter decreases the wait to purchase Twitter Blue for newly created Twitter accounts from 90 days to 30 days.

“New subscriptions to Twitter Blue are available globally on web, iOS, or Android. Not all features are available on all platforms. Newly created Twitter accounts will not be able to subscribe to Twitter Blue for 30 days. We may also impose waiting periods for new accounts in the future at our discretion, and without notice,” the Twitter Blue page reads.

Twitter to kill ‘legacy’ blue checks on April 1

Twitter announced that the removal of legacy blue checkmarks will begin April 1 for users that are not subscribed to Twitter Blue.

Elon tweeted back in December that the company will remove legacy checkmarks “in a few months.” After that, users with legacy blue checks had been seeing a pop-up when they clicked on their checkmark, which read, “This is a legacy verified account. It may or may not be notable.” But once Twitter botched this removal of checkmarks, they changed the copy again — as of now, users cannot distinguish whether someone has a checkmark because they paid, or because they were deemed notable.

Twitter’s privacy-preserving Tor service goes dark

Twitter’s Tor service, a version of the site that could be accessed even in countries where the social network is banned, has gone dark after the company failed to renew its certificate, which expired on March 6.

Pavel Zoneff, director of strategic communications at the Tor Project, told TechCrunch that the site “is no longer available seemingly with no plans to renew.”

Twitter Blue is now available in more than 20 countries

This expansion makes the social network’s subscription service available in more than 35 countries across the world.

These countries include Netherlands, Poland, Ireland, Belgium, Sweden, Romania, Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Slovakia, Latvia, Slovenia, Estonia, Croatia, Luxembourg, Malta and Cyprus.

February 2023

Layoffs continue

Twitter laid off more than 200 employees in its fourth round of cuts, including loyalist Esther Crawford — the chief executive of Twitter payments who oversaw the company’s Twitter Blue verification subscription.

Twitter’s staff is down from about 7,500 employees to less than 2,000 since Musk.

One of the numerous rounds of cuts eliminated the platform’s entire accessibility team. Senator Ed Markey (D-MA) called on Elon Musk to bring the accessibility team back in an open letter. Markey requested a response by March 17.

Twitter allows cannabis ads in states where it’s legal

After updating its ad policy on February 15, Twitter became the first social media app in the U.S. to allow cannabis advertising. Cannabis ads will run on Twitter in U.S. states where cannabis is legal and in Canada.

Twitter delays launch of its new API platform…again

The initial date set to cut free access to Twitter’s API was February 9, which was then extended to February 13. Now, the social network has delayed the shutdown again, this time with no date set.

The delay jeopardizes the plans of developers and startups building tools around the Twitter API as they wouldn’t have any clarity on future spending and budget allocation on the developer platform.

Twitter’s basic tier of its API will cost $100 per month

The company originally planned to shut down free access to its API on February 9. Now it has extended this deadline to February 13. Twitter said that it will charge $100 per month for the basic tier of API. This will get developers access to a “low level of API usage,” as well as the Ads API.

When developers trying to seek clarity around the new API rules went to the developer forum website, they found that the site had been put behind a login. The forum was finally accessible four days later on February 13.

Twitter Blue introduces 4,000-character tweets

Twitter announced the ability to post longer tweets for paid users on February 8. Instead of being limited to 280 characters, paying Blue subscribers can post tweets that are up to 4,000 characters.

While only Twitter Blue subscribers can post long tweets, all users will be able to read them. You will see only the first 280 characters on the timeline, and if you want to read more, you can click on “Show more.”

Elon Musk claims Twitter will start sharing ad revenue with creators

Elon Musk announced in a tweet on February 3 that the company would soon begin sharing advertising revenue with creators on the platform for the first time. He follows up the announcement with a catch: Eligible users must be signed up for Twitter Blue.

Payouts have yet to reach creators’ wallets.

More monetization pushes: Twitter Blue expands new countries, brings back Spaces curation

Twitter Blue subscriptions are now available in Saudi Arabia, France, Germany, Italy, Portugal and Spain, making it 12 regions in total to which users can subscribe to it as of February 2. On February 8, Twitter Blue extended services further to India, Indonesia and Brazil.

Twitter also announced launching a new Spaces tab with curated stations for live and recorded spaces, along with podcasts. The social network is making podcasts available only to Blue subscribers and “some people on Twitter for iOS and Twitter for Android apps.”

Twitter to end free access to its API

Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version, Twitter said as it looks for more avenues to monetize the platform.

A week later and days before the February 9 deadline, Elon Musk said that after getting feedback from developers, Twitter will provide a write-only API for “bots providing good content that is free.”

Twitter discontinues CoTweets

Twitter announced February 1 that it is discontinuing CoTweeting, a feature that allowed two users to co-author a tweet. Users will be able to view the set of co-tweets for a month. After that, they will be automatically converted to retweets on the co-author’s profile.

Screenshot of Twitter's new policy in sunsetting CoTweets

January 2023

Twitter partners with DoubleVerify and IAS on brand safety initiative

Due to declining ad revenue and advertiser exits, Twitter announced on January 25 that it has teamed up with adtech companies DoubleVerify and Integral Ad Science (IAS) to tell advertisers if their ad is placed around inappropriate content. The program, available first for U.S.-based advertising campaigns, allows brands to analyze the content adjacent to — primarily tweets above and below the ad — all types of ads, including promoted tweets.

Twitter rolls out its bookmark feature on iOS

The new design displays the bookmark button under the expanded tweet view, making it easier to add a post to your bookmarks.

Before the change, you had to tap on the share button to open the sharing card and then tap on the bookmark option to save a tweet. In addition to the new button, as soon as you tap on the button, you will see a banner at the top of the screen that says “Show all bookmarks.”

The option is currently visible only on the iOS app, but we can expect that Twitter will roll this out to Android and the web soon.

Image Credits: Twitter

Twitter quietly bans third-party clients

After cutting off prominent app makers like Tweetbot and Twitterific, Twitter quietly updated its developer terms to ban third-party clients altogether on January 19.

The “restrictions” section of the company’s developer agreement was updated with a clause prohibiting “use or access the Licensed Materials to create or attempt to create a substitute or similar service or product to the Twitter Applications.” Earlier in the week, the company said that it was “enforcing long-standing API rules” in disallowing clients access to its platform but didn’t cite which specific rules developers were violating.

As a result, third-party Twitter clients began offloading their apps from App Stores.

Twitter now offers an annual Blue subscription

Users now have a chance to get a discount for $84/year if they purchase an annual Blue subscription on the web.

Twitter Blue, including the new annual plan, is currently available in the U.S., the U.K., Canada, Australia, New Zealand and Japan.

monthly and annual pricing for Twitter Blue for iOS and Web depending on country

Image Credits: Twitter

Twitter HQ furniture auctions

In a strange attempt to make money, Twitter is auctioning off surplus office furniture (auction is now closed) that it doesn’t need anymore, now that thousands of employees have either left the company or been laid off. When you’re rapidly losing advertisers and apparently not paying your rent, why not go for the hail mary?

Twitter makes algorithmic “For You” timeline the default

The company has tried to pull this stunt previously, only to give the option to switch back to a chronological timeline after a lot of backlashes.

What’s different this time? The Elon Musk-led company is now showing both algorithmic and chronological feeds side-by-side. Users can switch between them by swiping on their phone screens. Until now, users had to tap on the sparkle icon in the top-right corner to switch between the “Home” and “Latest” timelines. Twitter is justifying its latest change by saying that users can now easily swipe between the renamed “For You” and “Following” timelines.

  • January 13: Twitter rolled out the dual-timeline update to the web but at that time the social network used to remember your choice.
  • January 20: The company made the “For You” feed default on the web when users first opened Twitter in a tab or refreshed the page.
  • January 24: Now, Twitter remembers your choices again.
  • February 7: Twitter remembers your choices again on iOS and Android, too.

Twitter’s advanced search filters for mobile are said to be coming soon

According to social media analyst Matt Navarra, Twitter’s advanced search filters for mobile are coming soon.

Here’s what it looks like:

Twitter lifts the political ad ban to bolster revenue

The company originally enforced the ban back in 2019. At that time, it said that “political message reach should be earned, not bought.” Twitter charted a different path from other social networks like Facebook and Instagram, which allowed political ads.

The company’s announcement to lift the political ad ban comes at a time when advertisers have been pulling back spending on the platform, and the company has been cutting down its internal revenue projections.

December 2022

Twitter Blue users can now upload 60-minute videos

On December 23, the Twitter Blue page was updated declaring that subscribers can now upload 60-minute videos from the web at 1080p resolution and 2GB in file size.

Layoffs continue, impacting employees in public policy, engineering

According to posts on Twitter and LinkedIn from a former public policy employee on December 22, Twitter cut half of its public policy team.

The company also laid off some engineers in infrastructure via email on December 16. Across all of Twitter, it’s estimated that about 75% of employees have either chosen to leave or have been laid off since Elon Musk took ownership of the company in October.

Twitter now displays stock and cryptocurrency prices directly in search results

To access the new feature, users have to just type the dollar symbol followed by the relevant ticker symbol, e.g. “$GOOG” or “$ETH” (minus the quote marks), in the search bar and Twitter will display the current price. This also works without using the $ symbol in some instances, but it’s less consistent and doesn’t always return the stock or crypto prices as requested.

If someone wants to know more details about a stock or cryptocurrency, they can hit the “View on Robinhood” button.

You can now see how many people view your tweets

A tweet’s View Count will be visible to everyone, not just the owner of the account.

“Twitter is rolling out View Count, so you can see how many times a tweet has been seen! This is normal for video,” Elon Musk wrote in a tweet. “Shows how much more alive Twitter is than it may seem, as over 90% of Twitter users read, but don’t tweet, reply or like, as those are public actions.”

Twitter Blue for Business now allows companies to identify their employees

Twitter’s product manager Esther Crawford said the social media platform is launching a pilot program for Blue for Business with select businesses. The company plans to expand this to more organizations next year.

Twitter goes on an account suspension spree, including prominent journalists

A day after Twitter crafted a new policy to explain its decision to ban an account that tracks Elon Musk’s private jet, Twitter also suspended its open source competitor Mastodon from the service.

Within the same day, Twitter suspended a number of prominent journalists on the platform without warning. “Same doxxing rules apply to ‘journalists’ as to everyone else,” Elon Musk tweeted in a reply about the journalists’ suspensions.

The company seemingly had a glitch that allowed banned users to still participate in Twitter Spaces. A group of the banned journalists started a group conversation on Spaces where Musk himself joined in. Shortly after, the app pulled its Spaces group audio feature temporarily.

Twitter shuts down Revue, its newsletter platform

Revue, the newsletter platform acquired by Twitter in January 2021, sent a message to newsletter writers on December 14 declaring, “We’ve made the difficult decision to shut down Revue.” Writers had until January 18, 2023 to retrieve their data before everything was deleted.

Twitter disperses the Trust & Safety Council

Twitter dispersed the advisory group consisting of roughly 100 independent researchers and human rights activists from around the world. The council members received an email on Monday, December 12 from the company saying that the Trust & Safety Council is “not the best structure” to get external insights into the company product and policy strategy.

Elon Musk says Twitter will remove all legacy verifications ‘in a few months’

Twitter will remove all legacy blue checkmarks “in a few months,” Elon Musk tweeted on December 12. Before Musk bought Twitter, checkmarks were used to verify individuals and entities as active, authentic and notable accounts of interest.

This past week, many blue checkmark holders have been seeing a pop-up when they click on their blue checkmark that reads, “This is a legacy verified account. It may or may not be notable.”

Twitter Blue relaunches with new verification process, plus Blue for Business

Twitter is officially bringing back the Twitter Blue subscription on December 12, starting in five countries before rapidly expanding to others. The app updated its terms to specify that users will need to verify their phone numbers before purchasing the Twitter Blue subscription.

Web sign-ups will cost $8 per month and iOS sign ups will cost $11 per month for “access to subscriber-only features, including the blue checkmark,” per a tweet from the company account. Twitter Blue became available on Android at the same price as iOS in January 2023.

In addition to the relaunch of Twitter Blue, the company also began rolling out a new offering called Blue for Business that adds a gold checkmark to company accounts.

Twitter’s Community Notes feature is now global

Community Notes, previously known as Birdwatch, are now visible around the world. Community Notes is the social media giant’s crowdsourced fact-checking system.

Moderators who are part of the program can add notes to tweets to add context and users can then vote if they determine the context to be helpful. Prior to this global expansion, Community Notes were only visible to users in the U.S. Twitter added moderators from the U.K., Ireland, Australia and New Zealand in January 2023.

Twitter announces charging $11 on iOS for Blue subscription to offset App Store fees

When Twitter launched its new subscription plan with a verification mark on November 9, it charged users $7.99 per month. In an attempt to offset App Store fees, the company is charging iOS users $11 for the new subscription plan — though the Twitter Blue plan is on halt.

November 2022

Twitter’s Community Notes updated to better address ‘low quality’ contributions

The platform’s crowdsourced fact-checking system, Community Notes, are notes written by users that are appended to tweets to provide further clarification and context.

The Community Notes algorithm change involves scoring notes where contributors explain why a tweet shouldn’t be deemed misleading.

Twitter announces a new multicolored verification system

Elon Musk announces that Twitter will tentatively roll out a new multicolored verification system where companies will get a gold checkmark, government officials will get a grey checkmark and the blue checkmark will be dedicated to individuals even if they are not celebrities. That means the blue checkmark will be used with legacy verified accounts and folks who buy the company’s proposed $8 per month paid plan.

If you’re confused about all the checkmarks, you’re not alone. Here’s a quick guide on what each checkmark and badge means.

Twitter Blue verification chaos ensues

On November 9, CEO Elon Musk floated changes to Twitter’s system for verifying user accounts, including charging $8 per month for it. The social media company seemingly began rolling out a new tier of Twitter Blue, its premium subscription service. According to a tweet by Esther Crawford, a former product lead, the new Twitter Blue plan wasn’t yet live, but some users saw notifications as part of a live test.

The company also launched grey-colored official checkmarks for notable accounts such as companies and politicians. But within hours of the launch, Elon Musk killed it. Crawford clarified that the grey “Official” labels are still going out as part of the new Twitter Blue product.

The new $8 Twitter Blue plan began rolling out to iOS users in the U.S., Canada, Australia, New Zealand and the U.K with the only feature available at the time being the blue “verified” checkmark. This caused a number of fake accounts pretending to be celebrities, brands and otherwise influential people to create accounts and spread misinformation.

The Twitter exodus begins with mass layoffs and exits

Elon Musk laid off 3,700 people on November 3, almost half its staff, shortly after completing the acquisition. Twitter was sued in a class action lawsuit in response to not giving employees advance notice of a mass layoff, alleging Twitter violated worker protection laws.

A week later, the app reached out to some former employees to return as they were laid off “by mistake.”

In addition to layoffs, a round of executive departures also swept through the company. In Musk’s first email to his new staff, he talked about ending remote work and making the fight against spam a priority.

October 2022

Elon Musk is revamping Twitter’s verification system

Twitter begins overhauling a new and more expensive version of Twitter Blue, the platform’s paid plan, that will reportedly cost $19.99 per month and give users a verified badge. At the time, Twitter Blue cost $4.99 per month in the U.S.

According to a report from The Verge, the company plans to remove verification badges from current holders if they don’t pay for Twitter Blue within 90 days of launching the new verification system.

Elon Musk officially owns Twitter

Elon Musk closed on his $44 billion acquisition of the bird app on October 27, 2022. The deal came after months of legal drama, bad memes and will-they-or-won’t-they-chaos. After sealing the deal, Musk took Twitter private and began clearing house. On day one, he fired former CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of Legal, Trust and Safety Vijaya Gadde.



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