With board’s dissolution, Elon is ‘sole director’ of Twitter

Elon Musk is now lord of the manor over at Twitter after the board of directors was dissolved as part of the merger agreement. While the state of affairs likely isn’t permanent, it does mean that as owner, director, and “Chief Twit,” he has what amounts to ultimate power to hire, fire, and change the social media platform. In an SEC filing, the company...
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Google gets into the Halloween spirit with a ghostly multiplayer interactive Doodle

If you want to take a break from work or the never-ending news cycle, Google is here to give you an escape. The search giant has launched a new Halloween-themed playable Doodle that opens up to a Snake-like game that you can play with your friends or random players from around the world. The goal of the game is to collect as many wandering spirit...
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How to effectively manage a remote team during wartime

Alex Fedorov Contributor Alex Fedorov is CEO and founder at OBRIO, an IT company with Ukrainian roots that develops products in mobile applications, web products and SaaS. Business owners always say that each company has to live through a real crisis before it becomes a real business. All big companies we know have experienced a few big crises...
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Money Fellows, an Egyptian fintech digitizing money circles, raises $31M funding

Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment. The round, which the startup expects to top up in the coming months, was led by CommerzVentures, Middle East Venture Partners (MEVP) and Arzan Venture Capital. Other...
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Zebra Labs raises $5M to help Chinese celebrities enter the metaverse

In June, Chinese pop-punk singer Wowkie Zhang released a music video where he encounters a virtual character in a hyper-colored, animated world that is reminiscent of Pixar films. The avatar, sporting Gen-Z-styled silver hair, a yellow and black oversize sweat, and baggy pants, makes hip-hop moves to Zhang’s catchy, light-hearted tune. The virtual...
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Elon Musk refutes Twitter layoff timing to affect year-end compensation

Elon Musk, Chief Twit, has refuted claims from a New York Times report this weekend that states he plans to lay off employees before Tuesday, November 1, thus cutting staff off from receiving stock grants as part of their compensation. In response to a tweet from Eric Umansky, deputy managing editor of ProPublica, that said Musk was “making sure to...
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Remote work is here to stay. Here’s how to manage your staff from afar

Over the last two and a half years, remote and hybrid working has become the norm — a majority of employed Americans have the option of working from home for all or part of the week, and 87% of workers who were offered remote work embraced the opportunity heartily. While some companies are pushing for a return to the office, today’s strapped labor...
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3 founders discuss how to navigate the nuances of early-stage fundraising

Fundraising isn’t a monolithic event but rather a series of meetings and pleasantries, each with their own vibe and nuance. Yet many pieces of fundraising advice to founders paint the process with a broad brush. We heard from three founders at TechCrunch Disrupt last week: Amanda DoAmaral, co-founder and CEO of Fiveable; Arman Hezarkhani, founder of...
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Elon Musk completes Twitter purchase, Meta’s in trouble and it’s time to admit self-driving cars ain’t gonna happen

Hey, folks, welcome back to another edition of TechCrunch Week in Review, the place where we point you to the hottest stories of the past sevenish days. I’m stepping in front of the laptop for Greg Kumparak this week, but don’t fret, he will be back soon. If you want this goodness in your inbox every Saturday, head on over here to sign up. Now, let’s...
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This Week in Apps: Elon buys Twitter, new App Store rules, gambling ads backlash

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same...
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Why “generative AI” is suddenly on everyone’s lips: it’s an “open field”

If you’ve been closely following the progress of Open AI, the company run by Sam Altman whose neural nets can now write original text and create original pictures with astonishing ease and speed, you might just skip this piece. If, on the other hand, you’ve only been vaguely paying attention to the company’s progress and the increasing traction that...
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GM pauses paid advertising on Twitter as Chief Twit Elon Musk takes ownership

General Motors has temporarily paused paid advertising on Twitter, one day after billionaire and Tesla CEO Elon Musk finalized a $44 billion acquisition of the social media platform. CNBC was the first to report GM’s decision. TechCrunch confirmed the U.S. automaker’s decision. “We are engaging with Twitter to understand the direction of the platform...
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