Techmeme
December 25, 2018, 9:55 PM

Top News

Alastair Marsh / Bloomberg:
Crypto efforts of Goldman Sachs, Morgan Stanley, Barclays, and others are in limbo after bitcoin's months-long fall and weak demand from institutional clients  —  Goldman Sachs, Morgan Stanley and many more built it.  But they didn't come.  —  Limbo—that's where to find Wall Street when it comes to cryptocurrencies.
Wolfie Zhao / CoinDesk:
Crypto mining startup Bitmain confirms layoffs, which, source says, may affect half of its total headcount, with some departments being laid off entirely  —  Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain …
Wall Street Journal:
As Snap's stock hovers near its all-time low, sources describe Spiegel's instinctual and imperious style that can stifle dissent and led to the redesign debacle  —  Snap, once seen as a viable competitor to Facebook, is struggling after the CEO ignored warnings about a redesign that proved unpopular

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More News

Alex Howard / E Pluribus Unum:

Earlier Picks

Josh Constine / TechCrunch:
Deepa Seetharaman / Wall Street Journal: