Welcome back, readers. I'm Jordan Parker Erb, writing to you from New York — but daydreaming about a life in Portugal.
The European country just announced its new $4 which will let remote workers live and work there for a year (or in some cases, longer). For all my remote-working tech fans, $4.
In news unrelated to Portugal: YouTube has declared an $4 — and the platform is coming for TikTok's throne.
Below, insiders offer a behind-the-scenes look at YouTube's plan to combat the explosion of TikTok.
Let's get into it.
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1. Inside YouTube's plan to combat the explosion of TikTok. Last month, YouTube finally released its plans to place ads in its TikTok competitor, Shorts — kicking off $4 for the monetization of short-form video.
- It won't start rolling out ads until next year, but conversations with former YouTube execs and media companies indicated the platform could come out a winner in the short-form competition — even if it didn't displace TikTok.
- For YouTube, winning would mean becoming a successful No. 2 player in the space. YouTube doesn't have to become the top short-form-video product, "but they just have to not lose," one former exec said.
- One advantage YouTube has is its more sophisticated ad-sales business, which could increase its likelihood of selling ads for short form than the competition.
- But the bigger play for YouTube, insiders say, is its ability to draw in more creators, and drive them to post long-form videos to rake in even more money.
How YouTube could win the short-form video competition.>$4
In other news:
2. Twitter locked Kanye West's account after he posted an antisemetic tweet. According to Buzzfeed News, the post was removed for violating Twitter's policies, and the rapper's account was locked. $4
3. In leaked documents, VC firm Tribe Capital shows off big returns and a plan for a new $400 million fund. Founded by alumni of Social Capital, the firm takes a data-driven approach to startup investing — and a leaked investor deck shows that tactic is working. Tribe's first fund has a nearly fivefold return on investment, and now it's looking to raise its fourth round. $4
4. Internal memos show Mark Zuckerberg's big metaverse app is suffering a "quality" problem. According to The Verge, memos from Meta's VP of Metaverse highlight concerns that the app has performance issues — and that even employees don't seem very engaged with it. $4
5. Elon Musk and Twitter discussed a renegotiated deal at $50 per share. In the days before Musk renewed his original offer to acquire Twitter, the two sides discussed doing the deal at a discounted price, people familiar with the situation said. $4
6. William Shatner says his trip to space on Blue Origin "felt like a funeral." In a new book, the "Star Trek" actor writes that he experienced profound sadness on his trip to space with Jeff Bezos' company last year, saying it "was among the strongest feelings of grief I have ever encountered." $4
7. How much is Nvidia paying its employees? In a recent email to employees, Nvidia's CEO pledged new raises and no layoffs. Insider analyzed hundreds of H-1B visa applications to see how much it pays different employees, and found salaries ranging from $78,582 to $320,000. $4
8. Apple's new crash detection feature is getting triggered by something much less serious: roller coasters. The feature, which is meant to help users reach emergency services in life-threatening situations, called 911 $4.
Odds and ends:
9. Review: The $141,000 Mercedes-Benz EQS. Insider's transportation reporter got to test out the luxurious new EV, and was blown away by its lavish features — like massaging seats and a virtual assistant — and how smoothly it drives. $4
10. Tesla semi trucks are coming this year, Elon Musk says. Tesla has started production of its long-awaited, all-electric Semi tractor-trailer, and will deliver the first vehicles to Pepsi by December. $4
What we're watching today:
- VOICE Summit, a conference $4, kicks off today.
- The Lesbians Who Tech Summit starts today $4.
- The four-day $4 starts today in Las Vegas.
- Black Tech Fest, an event celebrating $4, starts today in London.
Keep updated with the latest tech news throughout your day by checking out$4 a dynamic audio news brief from the Insider newsroom. Listen here.>$4
Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb>$4.)