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What you need to know:Elon Musk Has Bought Twitter. What’s Next and What Does It Mean? NewsletterElon Musk's Twitter Layoffs Could Diminish Its Secret SauceTwitter headquarters in San Francisco.Photographer: David Paul Morris/BloombergBySarah Frier+FollowNovember 7, 2022, 11:45 AM UTC Elon Musk, in his hurry to cut half of Twitter’s staff, seems to have forgotten what made the asset he purchased so valuable in the first place. But first... Today’s must-reads: