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Tech Brew Ride Home

Fri. 10/21 – What If Uncle Sam Let’s Elon Off The Hook?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 21 October 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

I said Elon’s name five times in front of a mirror and the whole Elon/Twitter headlines came flooding back into our lives. Forbes alleges that they’ve caught TikTok doing the thing that everybody fears. What if I told you there was a third huge AI raise story to round out this week? And of course, the weekend longreads suggestions. Links: Documents detail plans to gut Twitter’s workforce (Washington Post) Twitter Tumbles as US Weighs Security Reviews for Musk Deals (Bloomberg) TikTok Parent ByteDance Planned To Use TikTok To Monitor The Physical Location Of Specific American Citizens (Forbes) OpenAI, Valued at Nearly $20 Billion, in Advanced Talks with Microsoft For More Funding (The Information) Snap plunges more than 25% on third-quarter revenue miss (CNBC) Weekend Longreads Suggestions: Technology that lets us “speak” to our dead relatives has arrived. Are we ready? (MIT Technology Review) How Gamers Beat NFTs (Bloomberg) The Hottest App Right Now? One Where Teens Have to Say Nice Things About Each Other (WSJ) I Turned My Home Into a Fortress of Surveillance (The Atlantic) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Friday, October 21st, 2022.

0:07.7

I'm Brian McCullough.

0:09.4

Today I made the mistake of saying Elon's name five times in front of a mirror so all the Elon

0:14.4

Twitter headlines came back to terrify us. Forbes alleges that they've caught

0:19.1

Tik-Toc doing the exact thing that everybody fears they're doing. What if I told you there was a third huge

0:25.6

AI-Raze story to round out this week? And of course, the weekend long read suggestions.

0:30.9

Here's what you missed today in the world of tech. I almost

0:36.9

tweeted earlier this week, hey has everyone forgotten that the whole Elon

0:41.3

Twitter thing hasn't actually been resolved yet. I didn't end up

0:46.0

hitting the send button because I didn't want to jinx it and bring on a bunch of headlines,

0:49.6

but I guess just thinking about that did the trick.

0:54.0

Bloomberg is reporting this morning that Twitter and Elon Musk's advisors are preparing the paperwork to finally complete the takeover deal by October 28th which was the court's

1:04.4

deadline that's a week from today that came after the Washington Post was

1:10.4

reporting this quote Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75% of Twitter's 7,500 workers,

1:21.0

whittling the company down to a skeleton staff of just over 2,000.

1:25.7

Even if Musk's Twitter deal falls through, and there's little indication now that it will,

1:30.6

big cuts are expected.

1:32.3

Twitter's current management plan to pair the company's payroll by about $800 million by the end of next year.

1:38.0

A number that would mean the departure of nearly a quarter of the workforce,

1:41.0

according to corporate documents and interviews

1:43.7

with people familiar with the company's deliberations. The company

1:46.6

also planned to make major cuts to its infrastructure including data centers that

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