Norway's wealth fund vote is latest blow to Musk's $1 trillion pay package

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  November 04, 2025 TechCrunch Top 3 Norway's wealth fund vote is latest blow to Musk's $1 trillion pay package: Elon Musk is pushing for a $1 trillion performance pay package. Another major shareholder has said no. Read More Rivian creates another spinoff company called Mind Robotics: It's the second time this year Rivian has spun out a new company, after it created micromobility startup Also in March. Read More Shopify says AI traffic is up 7x since January, AI-driven orders are up 11x: Shopify is bullish on AI-powered shopping agents, citing AI as an "incredible tool" to enable more entrepreneurs and calling it the "biggest shift in technology since the internet" during its third-quarter earnings call. Read More A message from J.P. Morgan From vision to venture backed J.P. Morgan supports businesses on their journeys from seed to scale. Whether you're in early days or strategizing your exit, J.P. Morgan has tailored tools to provide personalized guidance at every stage of growth. With teams across industries and markets, J.P. Morgan can help founders scale with confidence.    Get Connected Afternoon Must-Reads Netflix in talks to license video podcasts from iHeartMedia, report says: Netflix is looking for exclusivity, which means that video podcasts that it licenses could no longer be uploaded to YouTube. Read More Spotify now has half a million video podcasts, which nearly 400M users have watched: Spotify says that users' time spent with video content on Spotify has more than doubled year-over-year, largely driven by video podcasts. Read More WhatsApp launches long-awaited Apple Watch app: For the first time, WhatsApp users will be able to use their Apple Watch to get call notifications, read full messages, record and send voice messages, and view media content more clearly. Read More iOS 26.1 lets you turn down liquid glass' transparency: Apple's latest iOS update doesn't introduce major features, but it does bring one highly requested tweak: the ability to change the transparency of the translucent liquid glass design. Read More Tesla's Master Plan 4 still lacks specifics ahead of $1T Musk pay vote: Despite its imprecision, the fourth "Master Plan" is a centerpiece of Tesla's case for giving CEO Elon Musk $1 trillion in company shares. Read More A message from Fidelity Top Venture Capital Trends Startups Should Watch in 2025 Report Startup executives, the VC world is always changing, and it's important to stay updated. As your company grows, you face new challenges and opportunities. The competitive landscape is shifting and you need to stay informed and prepared. Download our guide now to master the VC landscape and set your company up for long-term success. Download Now Be the first to know when news breaks Subscribe to our News Alerts, and you won't miss a thing. Breaking news, exclusives, and special reports—straight to your inbox. Sign up for News Alerts! Last but Not Least Anthropic projects $70B in revenue by 2028: Report: The Information reports that Anthropic expects to generate as much as $70 billion in revenue and $17 billion in cash flow in 2028. The growth projections are fueled by rapid adoption of Anthropic's business products, a person with knowledge of the company's financials said.   Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2025 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107