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  • 10.27.16

Morning intel: Twitter’s Q3 earnings, Apple’s Mac event

• During its earnings call this morning, Twitter confirmed earlier reports about layoffs. Twitter will be cutting 9% of its workforce, which amounts to about 350 jobs. 

Samsung’s overall operating profit fell 30% during Q3, while its net profit dipped by nearly 17%—expected fallout from the Galaxy Note 7 debacle. Samsung has already revealed that the recall will likely set it back an additional $3 billion over the next two quarters.

• The M&A just doesn’t quit: Verizon is acquiring the tech behind online video platform Vessel, which was founded by former Hulu CEO Jason Kilar. But this means Verizon will be shuttering the actual Vessel service. 

• Apple is expected to announce Mac updates during an event this afternoon. Analysts say Apple is likely to unveil a new 13-inch Macbook and two new Macbook Pros. 

• Also coming up today: more Q3 earnings! Here’s what we’re expecting to hear from Alphabet and AmazonPM