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General Motors has temporarily paused paid advertising on Twitter, one day after billionaire and Tesla CEO Elon Musk finalized a $44 billion acquisition of the social media platform. CNBC was the first to report GM’s decision. TechCrunch confirmed the U.S. automaker’s decision. “We are engaging with Twitter to understand the direction of the platform under their new ownership,” the company said in an emailed statement to TechCrunch. “As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising. Our customer care interactions on Twitter will continue.” It’s unclear what percentage of GM’s total advertising budget is dedicated to Twitter. Most, if not all, automakers have a presence on Twitter. Although not all of them opt for paid advertising. Ford, GM, Stellantis, Porsche, VW and Volvo are just a handful of the established automakers along with newer companies like Rivian that have social media accounts on the pla...

NASA said Friday that its Psyche mission (named after the asteroid the mission is targeting) has been rescheduled to October next year. The news comes just a few months after the agency announced that it would definitively miss its planned 2022 launch attempt. The delayed schedule is due to late delivery of key components of the spacecraft, including the flight software and testing equipment. The launch window for this year concluded on October 11. NASA conducted an internal review to determine whether the mission could launch next year, in addition to a separate independent review commissioned by the agency to examine the failures that led to missing the launch window. It appears that the review determined that next year’s launch is a go. While the launch window has changed, NASA said the flight profile will be similar: The spacecraft will use Martian gravity in 2026 to propel the spacecraft toward the asteroid Psyche. If the mission does move forward next year, the spacecraft is ta...

Lo, the day is upon us: Elon Musk owns the bird app and all that comes with it. Musk’s $44 billion Twitter acquisition has closed, and he fired most of the top people in charge and is now busy learning about this thing he sort of wanted, then didn’t want at all, and now has been at least in part forced to spend a large fortune on. This week I talk with Taylor Hatmaker about the Twitter’s new owner and what it means. I also talk to Amanda Silberling about YouTuber MrBeast’s business, and why a billion-dollar-plus valuation for it makes us nervous. Plus, Kirsten Korosec comes on to talk about the scoop of the week after she broke the news that Argo is shutting down. Be sure to find us and subscribe on Apple Podcasts , Spotify or your podcast app of choice, leave us a rating and a review. The TwitterMusking and other news by Darrell Etherington originally published on TechCrunch from TechCrunch https://ift.tt/rFtyjvW

Elon Musk has only been in control of Twitter for a short time , but he’s already making big moves. Musk fired a number of key executives on day one including Twitter CEO Parag Agrawal, but in a new tweet he claims he’ll be moving more slowly when it comes to making content moderation decisions. Musk hasn’t said much since taking over at Twitter, but he will apparently form some kind of policy advisory body to oversee content moderation decisions. Musk said the group will reflect “diverse viewpoints” though we’ll certainly have to wait and see on that one. Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes. — Elon Musk (@elonmusk) October 28, 2022 Importantly, Musk says he won’t be making any major decisions or account reinstatements— i.e. restoring former President Donald Trump — before the council is put in place. Because it’s Musk that might hap...

If you’re a regular reader of this publication, chances are you know that it hasn’t been a great year for many tech company stocks — one in which giants like Meta , Amazon, and Alphabet have been mauled by the markets after less than stellar earnings reports. Even an enterprise stalwart like Salesforce is behind hounded by activist investors . The fact is that few have been spared, whether startups or established public companies. We’ve seen a litany of stories on hiring freezes, layoff announcements , and tech stocks taking bigger hits than an NFL quarterback behind a bad offensive line — in other words, getting crushed. SaaS stocks in particular are having a rough year, so when a SaaS stock does well, well, that’s news. And that’s what happened to ServiceNow this week when it reported Q32022 earnings . It bucked the odds with a mostly positive earnings report — good revenue, good guidance, the whole nine yards — and believe it or not, Wall Street rewarded the company, with ...

Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market, two sources familiar with the matter told TechCrunch, retreating from what analysts say is a $1 trillion opportunity. The Chinese giant recently pulled the Mi Pay and Mi Credit apps in the country from the local Play Store and its own app store. Mi Pay, which allowed users to make transactions on the nation’s UPI payments network, is also no longer listed among the recognized UPI apps by NPCI, an industry body that oversees UPI. Xiaomi and NPCI did not respond to a request for comment. The abrupt wind down of the financial services business is a setback for Xiaomi India, which commands the smartphone market in the country and has aggressively expanded its offerings to increase profits as the company’s hardware business operates on razor-thin margins. Xiaomi launched Mi Pay in India in March 2019. The app had amassed over 20 milli...

On the heels of the Biden administration’s decision to impose sweeping chip sanctions on China, there are signs that China might also lose access to other types of critical U.S. technologies including biotechnology, an area that has historically seen close cooperation between the two countries. Areas “on my radar” for possible additional export controls include quantum computing, biotechnology, and artificial intelligence, said Alan Estevez, Commerce Department undersecretary for industry and security, according to The Washington Post . The message is worrying for an industry that’s intrinsically global. Biotech is one of the few areas, alongside climate policy, that transcends nationalities and boundaries between countries. Scientific progress in China could well save lives in the U.S. The globalization of the sector has also resulted in greater efficiency. As we wrote before, biotech firms often maintain a presence in China and the U.S. to leverage the different strengths of both ...