With Musk's purchase completed, NYSE will delist Twitter stock on Election Day

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Friday, October 28, 2022 Happy Friday! [Haje]( is enjoying some down time on the East Coast, so I am running solo. As you can see from the [not-so-surprising move by Elon Musk]( last night and the sheer number of Twitter stories from our fabulous consumer tech team today, it has been all Twitter, all day. We promise to give you a little bit of that, of course, and a little of what else we’ve been working on. Let’s dive in, shall we? — [Christine]( [ image] Image Credits: Lars Niki/Corbis / Getty Images The TechCrunch Top 3 - [Flying the public coop](: Now that Elon Musk owns Twitter, its days are numbered as a public company. In fact, [Ivan]( writes, Twitter will be delisted on November 8 — voting day for the U.S. midterm elections. - [Caging the bird](: Over to Europe, where just a few hours into actually owning Twitter, Musk already found himself on the wrong end of European Union officials, who corrected him after he tweeted about how free he thinks Twitter is now. [Natasha L]( has more. - [Big Tweet Chief](: Reports now say that Musk will take the CEO role for himself,[Ivan]( writes, after he [ousted Twitter’s four top executives](, as reported by [Amanda](. For more news on the blue bird, head down to the Big Tech Inc. section, where we have you covered. [Guide: What Is API-First and Why Does It Matter?]( Sponsored by [Postman]( [APIs have evolved beyond the role of mere interface to become the building blocks of modern software and business. Postman's Guide to API-First explores the API lifecycle, how businesses are implementing API-first, and the benefits they’re realizing.]( [Read the Guide]( Startups and VC Unfortunately, [the hits keep coming for 54gene](, an African genomics startup focused on providing more African genetic material to pharmaceutical research — there is just 3% now, [Tage]( reports. After some months of layoffs and a CEO exit, the company confirmed that it not only made yet another round of layoffs — this time of 100 people — but it also slashed its valuation by over $100 million. And we have three more for you: - Robot riot:[Galen Robotics has a new robot]( that will assist with ear, nose and throat surgeries. Oh, and it secured $15 million in new funding,[Andrew]( reports. - Follow the yellow brick road: Game studio[Hidden Door is using narrative AI]( to turn fiction into immersive role-playing experiences, and[Rebecca]( writes it is testing out “The Wizard of Oz.” - Does anyone else use this word?: I was delighted to see that there is a company named Skidattl. The company is using augmented reality to show users what people are doing around them, in what [Rebecca]( writes is “[like a Bat-Signal for fun](.” [5 ways biotech startups can mitigate risk to grow sustainably in the long run]( Thanks to R&D and clinical trials, life science startups have long lead times before they can bring their capital-intensive products to market. “But,” asks Omar Khalil, a partner at Santé Ventures, “what happens when the funding suddenly dries up?” In a guest post for TC+, he shares five strategies for biotech startups that are trying to stay warm through the winter ahead. “It’s still too early to know whether this is a short-term correction, or if it’s a new normal that will be maintained for the foreseeable future.” Three more from the TC+ team: - At least someone is soaring: [Ron]( and[Alex]( team up to write about one SaaS company, in this case, ServiceNow, whose [stock soared this week]( while some of big tech’s earnings took a dive. - Speaking of diving: [Dominic-Madori]( took a look at third-quarter [venture capital funding into Latin American companies](, which was down. She speaks with some folks on what needs to happen next. - Grab on to that bear market: [Jacquelyn]( spoke with some cryptocurrency executives who said that, despite appearances, [bear markets are a “great time” to launch crypto startups](. [TechCrunch+]( is our membership program that helps founders and startup teams get ahead of the pack.[You can sign up here](. Use code “DC” for a 15% discount on an annual subscription! [Read More]( [5 ways biotech startups can mitigate risk to grow sustainably in the long run image] Image Credits: jayk7 / Getty Images Big Tech Inc. As promised, we have even more Twitter news for you to enjoy. As I write this, several of my colleagues hopped on Twitter Spaces to talk about all this. One of the latest bits of news from [Taylor]( was that Elon Musk was forming [a content moderation “council”]( to make certain decisions — for example, about account reinstatements for, cough, Donald Trump. Here’s two more: - [Darrell]( pulled together the story so far on [Elon Musk owning Twitter](. - We moved a TC+ story down here, because Twitter! [Alex]( breaks down what the [new value of social media companies]( might be thanks to Twitter’s $44 billion price tag. Catching you up on more earnings reports: - [Meta shares took a tumble yesterday]( following [third-quarter earnings]( that were less than impressive,[Taylor]( and [Amanda]( report, respectively. - Even [Apple’s earnings fell short](, [Brian]( reports. And that was with iPhone revenues up. - And over to[Amazon, which also saw its Q3 income dip](,[Kyle]( writes. The company said “the economy took its toll.” And we have four more for you: - Not on cloud 9:[AWS reports a slowdown]( as overall cloud infrastructure market growth dips to 24%, [Ron]( reports. - Second hack: [Carly]( writes about yet another[Twilio hack]( following an investigation that revealed the number of affected customers is growing. - On the down low: Three years after building up a payment and lending app in India,[Xiaomi quietly winds it down](,[Manish]( and [Ivan]( report. - When the chips are down…: The Biden administration imposed chip sanctions on China, and now reports say that those [sanctions could extend to biotech](.[Rita]( has more. [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Spire Animation Studios, Inc. at Spire Animation Studios, Inc. 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