Let’s get started.
1. YouTube will hide public dislike counts on videos. The thumbs down button will still be there, but the count will only be visible to creators. It’s a move the company said is meant to promote “respectful interactions between viewers and creators.”
- The company first experimented with hiding dislikes in March to help protect creators from harassment and “reduce dislike attacks.” During the trial period, it found that users were less likely to target a video and drive up the dislike count.
- YouTube’s not the first social media site to dabble in removing reactions to posts. Instagram and Facebook both added the option to hide like counts in an effort to reduce social pressures and anxiety.
In other news:
2. Rivian investors are betting it’s the next Tesla. The electric car company had a blockbuster IPO on Wednesday, reaching a market value near $100 billion — putting it ahead of rivals like Ford and General Motors. Now comes the hard part for Rivian: wooing customers and becoming profitable.
3. Tech recruiters once struggled to get people to leave Facebook. Now, an exodus is building. Facebook (now Meta) employees from execs to engineers are looking elsewhere for jobs. Recruiters describe the “scummy feeling” that’s surrounding Facebook and prompting employees to leave.
4. Elon Musk just sold $5 billion in Tesla stock. The electric vehicle CEO exercised 2.15 million in stock options priced at $6.24 each on Monday, but the plan was in place weeks before his infamous Twitter poll. Here are the details on the share sale.
5. Crypto is a “fad,” according to one of Robinhood’s earliest investors. Top VC Wesley Chan told us there’s a better way to make money on crypto than altcoins like dogecoin and shiba inu coin. The real money, he said, is in the tech that allows crypto and blockchain to flourish. Here’s what else he told us.
6. The DOJ sued Uber for discriminating against passengers with disabilities. Uber’s wait fees are unfair to passengers who need extra time to get into the car, the lawsuit claims. Uber has disputed the claims, saying it didn’t break the law. Here’s what else we know.
7. Mailchimp employees’ health benefits were cut off over the weekend. Employees continue to grapple with the company’s sale to Intuit, after some learned their health benefits were terminated Sunday, and others found out that their total pay as Intuit employees may be less. Read more in our exclusive report.
8. A rare Apple computer built by Steve Jobs just sold for $400,000. The Apple-1 computer is one of the first designed by Steve Wozniak and assembled by Jobs in the 1970s. The computer, which still works, came in a wood case and is considered the “holy grail” for vintage electronics collectors.
9. A judge rejected Apple’s request to delay an overhaul of App Store fees. In October, Apple filed a motion to delay an injunction that would let developers direct users away from iOS apps to pay for services — but a judge declined the company’s motion, freeing developers from one of Apple’s most contentious rules.
10. There’s a new Tesla Semi truck rival on the horizon. Chinese carmaker Geely just unveiled its new electric semi truck, which comes with a built-in kitchen, bathroom, and bedroom, and will drive autonomously. Check out the Homtruck here.
What we’re watching:
- It’s Singles’ Day in China, the world’s biggest shopping festival.
- It’s Veterans Day.
- NASA’s SpaceX Crew-3 mission is expected to arrive at the International Space Station.
- Merck, Brookfield Asset Management, and others are reporting their Q3 earnings. Keep up with earnings here.