here with more details is kurt wagner. he covers the company. is anyone expecting this? kurt: people have been expecting some discussion of settlement. having ari emanuel jumping in the middle of this is surprising. it is unclear to us, as you can tell by this story, for people that have read it, that we are not entirely sure, was the stone at's request? is twitter going to take this seriously? is this an agent who is used to doing things for clients and friends being helpful? the fact they're going to be discussions about settlement, i think that is inevitable as we approach this trial. there is too much money at stake, $44 billion here for there not to be at least this cautions about something like this. jon: i see an opportunity for hbo to bring back "entourage," with a new storyline involving elon musk. there are ties between ari emanuel and elon musk. steve: -- kurt: this is not someone jumping into the mix without any connection. emmanuel reached onto a twitter board member, so there is obviously a relationship there as well. this is how these things tend to work. a

here to tell us more, kurt wagner.his is only a test right now for paying subscribers. >> you get a 30 minutes timer. once you post your tweet, you will have 30 minutes to go and make edits and change before it gets locked more permanently. other users will be able to see a label to shows the tweet has been edited. they will be able to click that to see prior versions. there's a little bit of a track record. to your point, it is only available on twitter blue. you have to currently be a subscriber in order to get access when they roll it out. that could change in the future, but they want to start with a small group of people and it makes sense to start with the most diehard twitter users. emily: is this going to change the nature of twitter? the dynamic of twitter? >> i am waiting for when it first rolls out to have that moment, that first week when people are playing jokes and someone is inevitably going to send one version of a tweet, then change at 29 minutes later to something offensive and everyone is going to lo

ed: kurt wagner, thank you very much.for this edition of "bloomberg technology," tuesday we have the ark at best cheap investor to share the latest on their investment strategy. . forget to check out our podcast on the terminal, on apple, spotify, and of course iheart radio. this is bloomberg. ♪

meta -- ed: kurt wagner broke the story. set the scene for us. what did we learn thursday?> this was during a q&a that happens weekly between zuckerberg and all employees that meta. he said, i promise you i would come back with ideas about where the budget is headed for 2023. the big news, there is going to be a hiring freeze. it sounds like most teams within meta are going to see their budgets reduced next year. how exactly that is going to play out with each individual team is going to be different. in some cases when someone leaves, they're just not gonna fill the role. some people are going to be moving from team to team. in some cases, they will be kicking out low performers, which is a pretty drastic and we haven't seen at facebook ever. this feels like a moment, this company has been growing and expanding for 18 years, finally hitting an issue. ed: i want to show you some of what mark zuckerberg told employees thursday. these comments obtained by bloomberg news. there are a number of ways to reduce the size of a group, some teams will transfer people. a lot of teams