Tech Brew Ride Home Mon. 11/29 – Jack Dorsey To Leave Twitter
Nov 29, 2021
Jack Dorsey is on the verge of stepping down from Twitter, leading to speculation about the platform's future under the new CEO. The Giphy acquisition faces regulatory hurdles that could jeopardize its success. Meanwhile, Microsoft is grappling with antitrust complaints, highlighting fair market issues in Europe. Apple is working on a revolutionary multi-device charger and an AR headset, promising standalone capabilities. Lastly, Amazon is ramping up its delivery infrastructure to dominate holiday logistics amidst ongoing supply chain challenges.
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Dorsey Steps Down, Twitter's Goals
- Jack Dorsey stepped down as Twitter CEO, potentially due to pressure from Elliott Management.
- Twitter aims for aggressive user and revenue growth by 2023.
Meta's Giphy Acquisition Blocked
- The UK's CMA is expected to block Meta's acquisition of Giphy over competition concerns.
- This marks the first time the CMA might unwind a completed big tech deal.
Meta's VR Pivot and Regulatory Scrutiny
- Meta's focus has shifted from major acquisitions in advertising and social media to the VR space.
- This strategic pivot might draw increased regulatory scrutiny to Meta's VR-related deals.