Twitter Inc.'s first major product change under new owner Elon Musk encountered a setback as a promised software update to let some subscribers buy blue check marks for their accounts led to widespread confusion after it failed to materialize for most users.
Twitter on Saturday said it began software updates to charge users $7.99 a month for an expanded subscription service that would include marking their accounts with a blue check, which previously had been given out free by the company to signal that a user was authentic.
Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry's rapid growth during the pandemic.
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.
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Expected Major Events for Monday
06:45/SWI: Oct Unemployment
07:00/GER: Sep Industrial Production Index
07:00/DEN: Sep Industrial production & new orders
07:00/UK: Oct Halifax House Price Index
07:00/FIN: Sep Foreign trade
07:00/NOR: Sep Industrial Production Index
08:00/AUT: Oct Wholesale Price Index
08:00/SWI: Oct SNB foreign currency reserves
08:00/CZE: Sep External trade
08:00/CZE: Sep Industry, Construction
09:00/ICE: Oct External trade, preliminary figures
10:00/GRE: Sep External Trade (provisional data)
10:00/LUX: Oct CPI
11:00/IRL: Oct Irish Live Register latest monthly figures
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(END) Dow Jones Newswires
11-07-22 0015ET
