Some of Friday’s top business news stories:
The Associated Press
Musk sells $4B in Tesla shares, presumably for Twitter deal, by Tom Krisher
US economy shrinks, threats loom, but growth likely to last, by Christopher Rugaber
CNN
Airbnb says staffers can work remotely forever, if they want, by Sara Ashley O’Brien
Apple loses top spot in China as smartphone sales slump, by Laura He
The Wall Street Journal
Netflix’s Battle for Asian Subscribers Pits It Against Rich Rivals, Hundreds of Local Upstarts, by Jiyoung Sohn, Vibhuti Agarwal and Miho Inada
Amazon Posts First Quarterly Loss Since 2015 as Costs, Rivian Stake Weigh on Results, by Sebastian Herrera
CNBC
Chinese leaders stick to Covid controls as the virus spreads and forces a Beijing luxury mall to close temporarily, by Evelyn Cheng
Retail and consumer IPOs, deals tail off as more businesses set their sights on 2023, by Lauren Thomas
Reuters
Musk told banks he will rein in Twitter pay, make money from tweets, by Krystal Hu and Anirban Sen
North American oil companies scramble to find workers despite boom, by Liz Hampton, Stephanie Kelly and Nia Williams
News about business journalism:
What’s behind the success of The Logic
Bloomberg reporter Milligan moving to UK politics beat
Axios gaming reporter Farokhmanesh is departing
Quartz CEO Seward to staff: You’ll get a cut of the sale
G/O Media CEO: Quartz is a “marquee business brand”
Forbes joins NCTJ Journalism Diversity Fund
Bloomberg reporter Burgess moving to Asia FX coverage
Fortune launches new vertical, names Fields wellness deputy editor
