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Happy Friday! Haje is playing on the east coast so I’m running solo. As can be seen from Art not a very surprising move by Elon Musk last night and a huge amount of Twitter stories from our awesome consumer tech team today, it was all Twitter, all day. We promise to give you a little bit of that, of course, and a little bit of what we’ve been working on. Let’s dive in, shall we? — Christina

TechCrunch Top 3

  • Flight of the public chicken coop: Now that Elon Musk owns Twitter, its days as a public company are numbered. in fact, Ivan writes, Twitter will be deleted on November 8 — the day of voting in the midterm elections in the United States.
  • Put a bird in a cage: Arriving in Europe, where just hours after taking over Twitter, Musk already found himself on the wrong side of European Union officials, who corrected him after he tweeted about how free he thought Twitter was now. Natasha L has more.
  • Big Tweet Chief: Reports now say that Musk will take on the role of CEO, Ivan writes, after he fired four top Twitter executivesas reported Amanda.

For more bluebird news, head over to Big Tech Inc. where we’ve got you covered.

Startups and VCs

unfortunately the hits keep on coming for 54genean African genomics startup focused on providing more African genetic material for pharmaceutical research – currently only 3%, Tege reports. After months of layoffs and the departure of its CEO, the company confirmed that not only did it make another round of layoffs — this time 100 people — but it also cut its valuation by more than $100 million.

And we have three more for you:

  • Rebellion of robots: Galen Robotics has a new robot which will help with operations on the ears, nose and throat. Oh, and it secured $15 million in new funding, Andrei reports.
  • Follow the yellow brick road: Game studio Hidden Door uses AI for storytelling to turn fantasy into exciting role-playing games, and Rebecca writes that he is testing The Wizard of Oz.
  • Does anyone else use that word?: I was happy to see that there is a company called Skidattl. The company uses augmented reality to show users what people around them are doing and what Rebecca writes it”like the Bat-Signal for fun.”

5 Ways Biotech Startups Can Mitigate Risk for Long-Term Sustainable Growth

Colorful threads tied together;  5 ways to manage risk

Image Credits: jayk7 (opens in a new window) / Getty Images

With research and development and clinical trials, life science startups have a long time before they can bring their capital-intensive products to market.

“But,” asks Omar Khalil, a partner at Santé Ventures, “what happens if the funding suddenly runs out?”

In a guest post for TC+, he shares five strategies for biotech startups trying to stay warm through the coming winter.

“It’s too early to know if this is a short-term correction or if this is the new normal that will persist for the foreseeable future.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps startup founders and teams stay ahead of the pack. You can subscribe here. Use code “DC” for 15% off your annual subscription!

Big Tech Inc.

As promised, we have even more Twitter news for you to enjoy. As I write this, several of my colleagues have hopped on Twitter Spaces to talk about all this. One of the latest news from Taylor was that Elon Musk was forming content moderation “council”. make certain decisions — for example, about restoring Donald Trump’s account. Here are two more:

Catching up with you on other earnings reports:

And we have four more for you: