Meta lays off thousands, FTX collapses, Twitter is having a very strange week • TechCrunch

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Twitter was so bizarre for a week that he could have easily created this newsletter. We’ll stick to the following points:

• Elon laid off a large percentage of the company’s employees last week. According to reports, some of those who were released were released this past week return request.
• Twitter started giving verified blue checks marks to anyone who paid $8. Things It quickly became messy.
• Twitter has released a new version. SecondCheckmark for “Official” accounts. And then get rid of them. Then, you brought them back.
• Twitter suspended the $8 verification badge program on Friday morning after fake accounts were discovered for everything, from politicians to athletes to companies.
• You can find more information at The number of execs quit– To the extent of exits The FTC’s ears are bothered.
• According to Twitter, Elon told employees so ‘Bankruptcy is out of the question’ For the good of the company.

FTX collapsesFTX, once one of the most important cryptocurrency exchanges in the globe, has seen a massive increase in its popularity this week. It was briefly thought that Binance would acquire FTX. However, Binance quickly retracted almost immediately after taking a look at FTX’s notebooks. FTX founder Sam Bankman Fred resigned. The company has filed for bankruptcy.

layoffs deadMeta – the parent company of Facebook, Instagram, and Whatsapp – has laid off 13% its workforce this week. This is more than a mere 13% reduction in the global workforce of 87,000. Eleven thousandRoles to be cut

Gmail won’t let you go back to your old Gmail anymore: You don’t like the new Gmail look Back in July? Bad News. Bad News.

Google finds exploits in Samsung phonesZach Whitaker stated that Google claims it has evidence that a commercial surveillance vendor was exploiting three zero days vulnerabilities in Samsung’s newest smartphones. “Serial vulnerabilities enable an attacker to gain root read-write privileges in the kernel and expose device data.”

audio report

Are you looking for a podcast that you can listen on the go? Here’s what happened recently on the TC podcasts.

• The chain reaction As it was happening, the crew dismantled the FTX’s ridiculous breakdown.
• the financial value (With a special appearance by TC’s Becca Szkutak). She discussed the constant layoffs tech companies large or small are seeing, and what the collapse in FTX means for them as well as companies like them.
• Daryl Join in TechCrunch Podcast Dom Madhuri Davis is TC’s Senior correspondent to discuss the “Coalition of Venture Capital Firms Defending Procreative Rights” and to summarize the top tech stories of the week.

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