Twitter is laying off about 350 people — that’s 9 percent of its workforce. Wall Street likes that news, along with Twitter’s Q3 numbers, which beat expectations.— [Peter Kafka / Recode]
Recode Daily: Twitter cuts its workforce and beats its Q3 numbers
Jack Dorsey is letting go of 350 people.
Drew Angerer/Getty Images
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]
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The Museum of Modern Art has acquired the original set of 176 emoji, designed for pagers in 1999.
This article originally appeared on Recode.net.
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