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Personal news: after a fulfilling seven years at Meta, I’ve made the difficult decision to step down and leave the company at the end of this year. (1/7)

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David Marcus

Personal news: after a fulfilling seven years at Meta, I’ve made the difficult decision to step down and leave the company at the end of this year. (1/7)

Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support 💙

jack⚡️ @jacknot sure anyone has heard but, I resigned from Twitter
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Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support 💙

not sure anyone has heard but,

I resigned from Twitter

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not sure anyone has heard but,

I resigned from Twitter

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After 9 years at Twitter, today is my last day. Thank you for the opportunity @Twitter. 🐦👋

There’s no easy way to sum up my time here. I’ve done fulfilling work, met amazing people and created lifelong friendships along the way. #LoveWhereYouWorked

Redesigned labels for potentially misleading Tweets are now rolling out to more of you.

In our test, more people clicked into the new labels and fewer people Retweeted or liked potentially misleading Tweets with these labels. We’ll continue to improve our label design.

Twitter Support @TwitterSupportLast year, we started using labels to let you know when a Tweet may include misleading information. For some of you on web, we?ll be testing a new label design with more context to help you better understand why a Tweet may be misleading.
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Redesigned labels for potentially misleading Tweets are now rolling out to more of you.

In our test, more people clicked into the new labels and fewer people Retweeted or liked potentially misleading Tweets with these labels. We’ll continue to improve our label design.

Some news: I’m taking on a new role as GP @a16z! I’ll continue investing in games & crossover verticals (social, web3)

Huge thanks to @andrewchen and an amazing consumer team for supporting me over the past 2yrs. I’m also stoked to welcome @gwertz to the team! 🧵👇

a16z @a16zAs part of our critical and ongoing effort to back the next generation of games startups, we?re excited to announce Jonathan Lai and James Gwertzman as the newest general partners at a16z. Congrats @Tocelot and welcome @gwertz! @andrewchen shares more ?
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Jon Lai

Some news: I’m taking on a new role as GP @a16z! I’ll continue investing in games & crossover verticals (social, web3)

Huge thanks to @andrewchen and an amazing consumer team for supporting me over the past 2yrs. I’m also stoked to welcome @gwertz to the team! 🧵👇

Today, we’re opening up the Twitter Developer Platform and launching the v2 API as the primary Twitter API🚀 This is the most important launch since the initial launch of the Twitter API. What’s changing and what does it mean for the future of our platform? 🧵

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Amir Shevat

Today, we’re opening up the Twitter Developer Platform and launching the v2 API as the primary Twitter API🚀 This is the most important launch since the initial launch of the Twitter API. What’s changing and what does it mean for the future of our platform? 🧵

#NFTs are taking over the art world. With investors spending big money to own a piece of digital art, young artists like @all_smilesss are getting in on the action. @AndreaDay reports on how he’s shaking up the #NFT space.

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0:000:00

#NFTs are taking over the art world. With investors spending big money to own a piece of digital art, young artists like @all_smilesss are getting in on the action. @AndreaDay reports on how he’s shaking up the #NFT space.

#Twitter continues to work on the #NFT Profile Pictures feature 👀

Here’s the introductory screen 👇🏻

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#Twitter continues to work on the #NFT Profile Pictures feature 👀

Here’s the introductory screen 👇🏻

I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨

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0:000:00

I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨

gm

Co-writing a piece in The Economist with @cdixon, my favorite and most-cited tech writer, seems like the perfect way to announce that I’m joining @a16z Crypto as an advisor.

Chris Dixon @cdixongm, @packyM and I wrote about the promise of web3 in the latest issue of The Economist
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Packy McCormick

gm

Co-writing a piece in The Economist with @cdixon, my favorite and most-cited tech writer, seems like the perfect way to announce that I’m joining @a16z Crypto as an advisor.

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@packyM @mariogabriele @discord probably nothing

Read Thread
The process of getting married today is broken In the future, you'll be able to apply for a partner and get married 60 seconds later Thread: How NFTs will change marriage forever:
The way marriage (mostly) works today: 1. You apply to 50 dating apps and marriage portals with your CV 2. You get 5 dates to prove competency 3. You hope 5/5 are able to properly gauge your skills to get a marriage offer Buuuut CV + a date often doesn’t tell the whole story
Let's be real: - Many dates don’t date well - Many dates undersell themselves - Many dates have prejudice - Many dates lie on dating apps and don't resemble their bio on actual dates Bottom line: we could do better
The web3 enabled internet will give you quests, adventures to prove your worth as a potential partner You'll earn on-chain credentials You’ll use your credentials to prove who you are, what your interests are and what people say about you You can't hide from the blockchain ;)
How it will work: - You apply for a date - It scans the blockchain and rates your set of on chain experiences, interests, and credentials - If above a certain rating, you get married within 60 secs No prejudice, no wasted time, no pain. Just a quick yes or no This is a big deal
We are already seeing a glimpse of the future of what on chain credentials This is just the beginning Will startups be the driving force for this new on chain revolution? Or will Tinder/ Shaadi dot com go deep here? Who knows, but this is this the direction we're headed

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Mj

personal news: Fri Nov 5th I’m announcing my involvement as investor and advisor in a startup that is building a playground for the new economy. A destination where creators will have a stake in the company from day one Super excited more to come #Web3 #Creatoreconomy #DAO

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James Andrews (keyinfluencer.eth)

personal news: Fri Nov 5th I’m announcing my involvement as investor and advisor in a startup that is building a playground for the new economy. A destination where creators will have a stake in the company from day one Super excited more to come #Web3 #Creatoreconomy #DAO

1) Monday night was a night I’ll never forget. I’m still speechless. I got to take the first ride, by anyone, ever, in a *driverless* robotaxi on the streets of San Francisco.

This was officially ride #1 for @Cruise. Full story and vids below.

https://www.youtube.com/watch?v=dmvZBiWYkFQ

My first fully driverless pickup!Earlier this week, I requested a ride through our Cruise app and took several back-to-back rides in San Francisco - with no one else in the vehicle! There ar... www.youtube.com

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1) Monday night was a night I’ll never forget. I’m still speechless. I got to take the first ride, by anyone, ever, in a *driverless* robotaxi on the streets of San Francisco.

This was officially ride #1 for @Cruise. Full story and vids below.

https://www.youtube.com/watch?v=dmvZBiWYkFQ

Cool stuff on the way to show off the NFTs you own👀 What do you think?

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0:000:00

Cool stuff on the way to show off the NFTs you own👀 What do you think?

Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection.

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0:000:00

Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection.

Like being ahead of the curve?

Today, we’re rolling out Labs 🔬, giving you *early access* to some new features we’re building before everyone else like:
🔹 Pinned Conversations on iOS
🔹 Longer video uploads on desktop only

Here are some questions you might be asking:

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Twitter Blue

Like being ahead of the curve?

Today, we’re rolling out Labs 🔬, giving you *early access* to some new features we’re building before everyone else like:
🔹 Pinned Conversations on iOS
🔹 Longer video uploads on desktop only

Here are some questions you might be asking:

If we’ve learned anything from the last decade of tech, it’s that incentives, intentional and not, drive reality. @sequoia‘s new fund structure has tighter incentive alignment between founders, investors, employees, and customers. This is a big deal and a welcome reform.

Roelof Botha @roelofbothaToday is a crucible moment in @sequoia?s journey. The traditional 10-year fund cycle of VC has become obsolete. Enter: The Sequoia Fund. It removes all artificial time horizons on how long we can partner with companies. (1/3)
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Phil Libin

If we’ve learned anything from the last decade of tech, it’s that incentives, intentional and not, drive reality. @sequoia‘s new fund structure has tighter incentive alignment between founders, investors, employees, and customers. This is a big deal and a welcome reform.

Read Thread
An *enormous thread* on alleged @Google @Facebook collusion based on the just-released *unredacted* complaint from the Texas AG. First filed December. Anything PURPLE is newly unredacted. Yellow/Orange is just normal highlights. 1/?
Online advertising is enormous. Google's Exchange process processes 11bn online ad spaces / day. Google says "more daily transactions are made on AdX than on the NYSE and NASDAQ combined."
Google also owns the largest buy-side and sell-side brokers. "It is pitcher, batter, and umpire, all at the same time," says complaint. Senior GOOG employee: “[t]he analogy would be if Goldman or Citibank owned the NYSE.” More to the point -- if NYSE was the only stock exchange
Google started a programme Dynamic Allocation, ostensible to maximize revenue for publishers. In reality it was to "snatch publishers' best inventory at the expense of publishers' best interests," complaint alleges.
To respond, competitors came up with HEADER BIDDING: publishers could route ad inventory to multiple exchanges to solicit highest bid. By 2016, this was adopted by 70% of major US on-line publishers GOOG to public: "Not at all" a threat to us GOOG in private: existential threat”
Google's response - "secretly made its own exchange win, even when another exchange submitted a higher bid," complaint alleges. The program's name: Jedi.
Google's own words: Jedi program “generates suboptimal yields for publishers and *serious risks of negative media coverage if exposed externally*.” One GOOG employee proposed **"NUCLEAR OPTION"** of cutting GOOG exchange fees down to zero.
Then comes @Facebook. In March 2017 Facebook throws its weight behind header bidding. Big threat. "Facebook communications reveal that Facebook executives fully understood why Google wanted to cut a deal with them: “they want this deal to kill header bidding.”
Google doesn't want to compete with Facebook. Says it would rather "build a moat" by collaborating instead. Facebook anticipated this in "an 18 month head bidding strategy" -- new unredacted detail.
Facebook and Google allegedly agreed on quotas for how often Facebook would win publishers's auctions -- "literally manipulating the auction with minimum spends and quotas for how often Facebook would bid and win," complaint alleges.
Google employees discussed "a Jedi mind trick" on the industry to cut off exchanges in header bidding.
Newly unredacted "tax" figure: "Google now uses its immense market power to extract a very high tax of 22 to 42 percent of the ad dollars otherwise flowing to the countless online publishers and content producers such as online newspapers"
Old but still juicy: Complaint alleges: "the open internet is now threatened by a single company" + "Google’s current dominance is also merely a preview of its future plans" + "Google uses “privacy” as a pretext to conceal its true motives."
Unredacted figures: "publishers generally make almost all (~80 percent) of their revenue from just a small portion (~20 percent) of their impressions."
Old, still juicy: "Now, Google monopolizes the publisher ad server market for display inventory through its product called Google Ad Manager (GAM). Today, GAM controls over 90 percent of this product market in the United States."
How much Google's exchange charges: "Google’s exchange charges publishers 19 to 22 percent of exchange clearing prices, which is double to quadruple the prices of some of its nearest exchange competitors." "exponentially higher than analogous exchange fees on a stock exchange."
A Google employee conceded: an exchange shouldn't be an immensely profitable business ... (it should be) like a public good used to facilitate buyers and sellers."
Google's Display Advertising Network, GDN, extracts been higher fees: 32-40%
"Google internal documents suggest that Google’s share of the market* is eight times larger than FAN’s. *Market here is mobile app network market
"Google Ads" - ad buying tool for what Google calls "smaller, less sophisticated advertisers" charges 8-9% commission to purchase inventory from exchange; or 15% from Google's exchange.
Google considered “creating a completely neutral platform like the NYSE,” they ultimately chose instead to stack the deck in their favor by owning the exchange. Google gives itself speed advantages - that's how it wins 80%+ of auctions on AdX
"GOOG's unilateral ability to extract non-competitive ad server fees demonstrates its monopoly power." New: GOOG charges 5% of gross spend for routing inventory to non-G exchanges Its ad server charges 10% fee of gross transactions for routing inventory to non-Google ad networks
"Industry experts compare a change in ad servers to “switching engines in mid-flight.” Google’s internal documents confirm publishers’ high switching costs. Because switching costs are high, publishers are effectively locked in."
Google's ad exchange held 60% share of all display ad inventory sold on US exchanges by Oct 2019. Among high-value users, its market share is "over 80%" "Google’s closest exchange competitors typically transact a mere 4 to 5 percent of the same publishers’ exchange impressions"
re Google’s monopoly power in the display ad exchange market and charging "supra-competitive prices" -They are 19-22% of every trade, vs. closest competitors paying 5-15%. And still, smaller players can't grow.
Good felt pressure in 2018 on its 20% fee, in 2018. Yet: Its fee increased from 20% in 2017 to 22% in 2019. "Google has insulated its exchange from any of the competitive market dynamics that would otherwise incentivize them to lower their prices."
"When rival exchanges attempted to gain market share by lowering prices in 2017, Google’s exchange maintained or even increased prices and still increased share. Competing exchanges have not been able to meaningfully increase share, despite some cutting take rates by half"
"GDN charges high double-digit commissions of at least 32 percent on advertising transactions, which, according to public sources, is double the “standard rate” elsewhere in the industry."
Why does Google charge such high rates? Because "we can," executive said in 2016. "Smaller pubs don't have alternative revenue sources."
"Prior to Google’s anticompetitive conduct, the markets for ad exchanges and publisher ad servers were competitive...." In 2009, when Yahoo process 9bn daily ad impressions, Google's exchange transacted fewer than 200m.

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Patrick McGee

Some ✨personal✨ news.

This week I started a new role @opensea as the Head of Special Projects. I’ve been in crypto since 2018 and nothing has gotten me as energized as NFTs — what they are now and the huge role they’ll play as Web3 becomes a reality. 🚀🚀🚀

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Anne Fauvre-Willis (anniefauv.eth)

Some ✨personal✨ news.

This week I started a new role @opensea as the Head of Special Projects. I’ve been in crypto since 2018 and nothing has gotten me as energized as NFTs — what they are now and the huge role they’ll play as Web3 becomes a reality. 🚀🚀🚀

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Sam Kirschner

Ecstatic to be joining @beondeck to help run their accelerator, as the Director of ODX.

There still aren’t enough first believers in founders across the world 🌍 We’re changing that 💪

🧵 👇

SO excited to announce that I’ve joined @VariantFund as a research partner. Longer blog post coming soon, but tl;dr working with @ljin18 @jessewldn @spencernoon and @jonitzler is an absolute dream, and I can’t wait to support founders building in the ownership economy

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medha ☀️🍃

SO excited to announce that I’ve joined @VariantFund as a research partner. Longer blog post coming soon, but tl;dr working with @ljin18 @jessewldn @spencernoon and @jonitzler is an absolute dream, and I can’t wait to support founders building in the ownership economy

I’m joining Coinbase (biggest crypto company in the US) as a Tech Lead.

There are countless phenomenal big tech and startups out in the industry right now, and it’s always so difficult saying “next time” to other amazing opportunities. #NFT #Coinbase @tezos

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I’m joining Coinbase (biggest crypto company in the US) as a Tech Lead.

There are countless phenomenal big tech and startups out in the industry right now, and it’s always so difficult saying “next time” to other amazing opportunities. #NFT #Coinbase @tezos

And just like that, yesterday was my first day as COO of @CommnThreadCo!

I’ve been thinking about meaning, purpose and values, and how to help entrepreneurs for the longest time, but didn’t know where to start given my history of “future-proofing the enterprise”…🧵

Orchid Bertelsen @OrchidBertelsenSome personal news: After 6 amazing years at Nestl, Friday was my last day. I?ve had the opportunity to work w/ amazing folks and learned more than I could have ever imagined. And I?m so extremely grateful for the experience.
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Orchid Bertelsen

And just like that, yesterday was my first day as COO of @CommnThreadCo!

I’ve been thinking about meaning, purpose and values, and how to help entrepreneurs for the longest time, but didn’t know where to start given my history of “future-proofing the enterprise”…🧵

Read Thread
What is a DAO? Let me try to explain using an example: Imagine that you want to work for a hot tech startup...
1/ Instead of applying for a job, you can just join this startup's Slack with one click. There's no real onboarding - you see dozens of channels right away. It's overwhelming but you start exploring...
2/ You introduce yourself and another person reaches out. They point you to two different ways to work for this startup: 1. Bounties 2. Teams
3/ "Bounties" is a massive JIRA board with tickets on everything from taking meeting notes to shipping a feature. You take notes for a meeting and share them in Slack. Someone marks the ticket as done and you get a few shares of the company in return.
4/ You want to contribute more and check out the #Growth team Slack. Someone leads this team but nobody reports to them. You volunteer to ship a marketing page for the website for 100 company shares.
5/ You're finding it hard to coordinate with other people on this team as everyone seems to be part time. Somehow you still manage to ship the page with another contributor and you both get more shares. You like that you only get rewarded if you put in the work vs. face time.
6/ You figured out why people are part time - they're all working for 5 other startups at the same time! People are just choosing to work on whatever they're most interested in. And almost all decisions at these startups are public for everyone on the internet to see.
7/ There does seem to be 20 people who are less part time at this startup. These core contributors all own significant company shares and can vote on decisions.
8/ A month into working for this startup you want to get some performance feedback. However, you don't have a manager. Instead, you meet 1:1 with core contributors to get feedback. There's also no career ladder, but...
9/ Someone submits a proposal to give you an $150K salary for your hard work. There's no CEO to approve this. Instead, all contributors vote and the proposal passes. You feel validated that you're getting a salary. Maybe you'll only work for 2 other startups instead of 5.
10/ So that's how this startup (DAO) works: 1. Most people are part time and work at multiple startups 2. All decisions are transparent 3. You earn the right to own more of the company by putting in the work

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Peter Yang
Read Thread
Hello #MEKAGANG !🦾🚀 What a hard and fantastic day yesterday... 🤯🥳 We hope you had a good time at our event. 🤍 ↓ We'd like to go over a few points raised in the community in order to clarify everthings and what’s happened in the last two days! 🤖 ↓
1. First, we received A LOT of notifications during the drop's launch, so we had to use Twitter and Discord less for the sake of our mental health and to stay focused on MekaVerse release. 🦾🧠
2. WEBSITE & RAFFLE STATISTICS 🌐📈 We had 172,876 total wallets that registered for our Raffle. → 115,931 select Two Meka and 56,945 selected One Meka 🤖
3. We had 4,635,249 website views and 661,737 unique users during the event! We had a max visitor peak at 130,000+ after a few minutes launching the website 🤯📈🔥
4. HUGE thank you to @MiindedStudio and everyone who helped us for managing the development side. This allowed everyone to have a smooth drop! 🤍
5. THE UNMINTED MEKA 👾 We are aware that a certain number of Tokens were not minted because of some Winners who were off during the event. Stay tuned as these MekaVerse NFTs will be used for giveaways to active members on Discord, supporters, and future events 🎉😊
6. SECONDARY MARKET STATISTICS 💎 📈 Current Floor: 5.1 ETH. 🤝Total Volume: 13.9K ETH. 🤖Total Meka Minted: 8593. 🔒 Unique Holders: 5453. This is crazy in less than 24 hours!🤯🤯 ☑️Our collection has been verified on @opensea ! → https://opensea.io/collection/mekaverse
7. THE REVEAL ✨ We will be having our reveal between October 10th and - October 11th. 🗓️On these dates, you will know how your Meka will look like 😵🤖
We truly appreciate all of your support! It was not an easy task to handle so many people on the project, but we did it! Despite the project's excitement, we did all possible to ensure a seamless release. There is a lot you still haven't seen yet, love from the MekaVerse Team 🤍

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MekaVerse

I’m honored to @joinrepublic as Managing Director of Republic MENA. At Republic we say “invest in the future you believe in.” I am excited to keep our promise of prosperity and purpose in building a thriving future for our planet and ALL our (digital and physical!) peoples.

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mona hamdy

I’m honored to @joinrepublic as Managing Director of Republic MENA. At Republic we say “invest in the future you believe in.” I am excited to keep our promise of prosperity and purpose in building a thriving future for our planet and ALL our (digital and physical!) peoples.

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