Recode Daily: Twitter cuts its workforce and beats its Q3 numbers


Jack Dorsey is letting go of 350 people

Twitter is laying off about 350 people that’s 9 percent of its workforce. goes here. Wall Street likes that news, along with Twitter’s Q3 numbers, which beat expectations.— [Peter Kafka / Recode]

Apple will unveil its next-generation TV guide at its product event today (livestream starting at 10 am PT), but it won’t include Netflix programming. The event will feature long-awaited updates to the MacBook lineup. Meanwhile, Apple announced a delay in shipping its wireless AirPod earbuds. — [Peter Kafka / Recode]

Tesla shares jumped more than 4 percent after the company surprised Wall Street with its first profit in eight quarters. The company shipped 24,821 vehicles in Q3, more than 300 above its target. — [Johana Bhuiyan / Recode]

Verizon is buying Vessel, the subscription video company started by former Hulu CEO Jason Kilar, for its technology and will shut the service down. — [Ina Fried / Recode]

Microsoft unveiled new products targeting creative professionals, including an all-in-one PC called the Surface Studio and the novel Surface Dial input device to go with it, along with an update to Windows 10 that features 3-D creation tools and support for a new line of VR headsets. — [Ashley Carman and Chaim Gartenberg / The Verge]

Snapchat will be looking to raise as much as $4 billion in an IPO early next year. The offering could value the company at $25 billion to $35 billion. — [Alex Barinka and Sarah Frier / Bloomberg]

Amazon is expected to report another strong quarter after the bell, with analysts forecasting a 29 percent year-over-year increase in revenue. Also reporting will be Google parent Alphabet — core ad revenue is expected to remain strong, but its side businesses look iffy. — [Ángel González / Seattle Times]

Top Stories From Recode

The Hyperloop will take a lot more money to build than Elon Musk anticipated

Leaked documents from Hyperloop One show the high cost of attempting to build transportation infrastructure from scratch.

Weird dancing robots are here to help you at the San Jose airport

They’re not very smart.

Ericsson has hired one of its board members to take over as CEO amid sales slump

Börje Ekholm will start in January.

Ex-AOL exec Ted Leonsis sounds off on Apple, Snapchat, Netflix and more

Leonsis spoke with Kara Swisher on the latest episode of Recode Decode.

Here’s what you can do to prevent your smart-home devices from being hijacked

Step No. 1: Strong passwords.

Mossberg: The PC has become part of the furniture

New designs are coming, but not that old excitement.

Full Video: Facebook head of commerce Mary Ku at Code Commerce 2016

Facebook wants to provide customers with choices in how to shop.

Full Video: Forerunner founder Kirsten Green at Code Commerce 2016

Her venture firm is known for picking winners in the e-commerce space.

Full Video: Stripe co-founder John Collison at Code Commerce 2016

His payments startup is valued at $5 billion, but he’s in no hurry to IPO.

Full transcript: ‘Iron Man’ director Jon Favreau on Recode Decode

“I wanted to create an experience that would make you want to stay there, and you’d be disappointed when I pull the [VR] headset off.”

This Is Cool

MoMA’s newest collection: The original emoji

The Museum of Modern Art has acquired the original set of 176 emoji, designed for pagers in 1999.

via http://ift.tt/2ePv7vx

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