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Twitter’s $5bn-a-year business hit as Elon Musk clashes with advertisers
ft.com28.11.2022 Multiple top ad agencies and media buyers told the FT nearly all of the big brands they represent have paused spending on Twitter. Elon Musk, meanwhile, has been calling chief execs of some brands that have curbed advertising in order to berate them. ShareEdit werbung twitter
TechMemes Aktuellstes
Die wichtigsten Headlines aus TechMeme
- Source: Musk sought to call some brands' CEOs to berate them for advertising less on Twitter; others lowered spend to the minimum needed to avoid confrontation (Financial Times), 45 minutes ago
- Source: between Q1 2019 and this fall, Alphabet's Google Cloud, hardware unit, and YouTube have roughly doubled headcount, as the total employee count grew ~80% (Jon Victor/The Information), 2 hours ago
- BlockFi files for Chapter 11 bankruptcy protection in New Jersey, plans to lay off a large portion of its staff, and says it has $256.9M cash on hand (Decrypt), 4 hours ago
- Chinese protestors are holding up blank pieces of paper as a protest against censorship, leading platforms and censors to quickly remove the images (Wall Street Journal), 5 hours ago
- UK police report: financial losses from crypto fraud were up 32% YoY to £226M between October 2021 and September 2022 and cases rose 16% to 10,030 (Financial Times), 5 hours ago
- Ireland's Data Protection Commission fines Meta €265M for failing to safeguard data on 500M+ users from data scrapers, the third fine by the DPC on Meta (Sam Schechner/Wall Street Journal), 6 hours ago
- Yahoo takes a ~25% stake in Taboola and plans to use Taboola's ad tech as part of a 30-year exclusive deal expected to generate $1B+ in annual revenue (New York Times), 6 hours ago
- The UK plans to criminalize self-harm content in the updated Online Safety Bill, in line with suicide content, after the death of teenager Molly Russell in 2017 (Charley Adams/BBC), 7 hours ago
- Paris-based Kiln, an Ethereum "staking-as-a-service" startup, raised a €17M Series A from Consensys and more; Kiln has $500M+ of staked assets under management (Eliza Gkritsi/CoinDesk), 7 hours ago
- Sources: the fall of FTX, one of the first companies to receive a license in Dubai, prompts concerns from UAE officials over embracing crypto too quickly (Ben Bartenstein/Bloomberg), 7 hours ago
- EU lawmakers claim the Markets in Crypto Assets rules, expected to be approved in 2023, would prevent an FTX-like crash, but some say the proposal needs updates (Gian Volpicelli/Politico), 8 hours ago
- Coinbase names four executives, covering Ireland, Germany, the UK, and EMEA, to lead its expansion in Europe (Bloomberg), 8 hours ago
- WhatsApp begins rolling out a Message Yourself feature, letting users send notes, reminders, and shopping lists to themselves (Jagmeet Singh/TechCrunch), 8 hours ago
What‘s hot on Reddit?
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- … China continuing their extremely restrictive Covid policy?
- … World Cup in Qatar and LGBTQ+ rights?
- … racism towards romani people?
- … Kim Kardashian and bondage bears?
- … the “Balenciaga scandal”?
- … this 'r/memes' quiz having over 500k upvotes? It doesn't look that interesting or special to me, so what makes it so popular?
- … /u/N8theGr8 deleting their account?
- … Kaka and many recent news reports saying that a lot of Brazilians aren't supporting the national team at the World Cup?
- [NSFW] … Ben Shapiro's sister and her breasts?
- … children and drag show?
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