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November 14, 2022, 1:50 AM
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memeorandum
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| Casey Newton / @caseynewton: |
Sources: Twitter cut ~4,400 of its ~5,500 contract staff on November 12, which is expected to significantly impact content moderation and core infrastructure — Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and the core infrastructure services that keep the site up and running. People inside are stunned.
More:
CNBC, Engadget, Livemint, Axios, Social Media Today, The Verge, jamespmcleod, Mashable, and The Spain Report
Tweets: @caseynewton, @caseynewton, @caseynewton, @reckless, @caseynewton, @mat, @quinnae_moon, @timnitgebru, @benedictevans, @chrislhayes, @esqueer_, @mmasnick, @mslopatto, @parismarx, @deliprao, @joshuaogundu, @seldo, @garywhitta, @yelix, @zoeschiffer, @andrewconnell, @rklau, @sifill_, @mistresssnowphd, @kimballscott, @gartenberg, @kimcrayton1, @film_girl, @davezatz, @erratarob, @hankgreen, @chrisgeidner, @martinsfp, @zoeschiffer, @gartenberg, @amyhoy, @mmasnick, @parismarx, @sifill_, @ranimolla, @carnage4life, @jordanzakarin, @sokane1, @inafried, @carnage4life, @thesnarkygent, @danushman, @mattbc, @rmondello, @paleofuture, @inafried, and @inafried
| Nikhilesh De / CoinDesk: |
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement — FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
More:
Reuters, The Block, Cointelegraph, CryptoSlate, Web3 is going just great, CNBC, Cointelegraph, and Forkast
Tweets: @scbgov_bs, @tree_of_alpha, @simondixontwitt, @nickdrakon, @nikhileshde, and @edzitron
| Financial Times: |
FTX's balance sheet shows $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not in bankruptcy filings — Vast gap highlights the dire state of Sam Bankman-Fried's exchange before it collapsed into bankruptcy
More:
Financial Times, Bloomberg, crypto.news, The Search Bar, Axios, Insider, Nonrival, and Bloomberg
Tweets: @kadhim, @tobin_tweets, @matt_levine, @kadhim, @antoinegara, @jessefelder, @moorehn, @edzitron, @edzitron, @crypt0xg, @peterjliu, @felixsalmon, @molly0xfff, @aliceemross, @obsoletedogma, @krugermacro, @bendreyfuss, @cburniske, @kadhim, @djohnson_cpa, @gladstein, @timmarchman, @edgecliffe, @fintechfrank, @carlquintanilla, @kadhim, and @kshaughnessy2
| Bradley Saacks / Semafor: |
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days — Nassau, Bahamas — Many of the dozens of senior employees who work at FTX in the Bahamas, where the embattled crypto exchange is headquartered … | Wall Street Journal: |
More:
Forbes, Fortune, Livemint, Coinmonks, and International Business Times
| CoinDesk: |
More:
CoinDesk, Reuters, CryptoSlate, Elliptic Connect, Inside Bitcoins, SlashGear, Watcher Guru, Cryptopolitan, Off Beat, crypto.news, Low Risk Rules, The Topic.Ai, Finbold, Coinpedia Fintech News, The Verge, Neowin, New York Times, Security Affairs, Fortune, and The Hill
Tweets: @c7five, @_ryne_miller, @jump_, @_ryne_miller, @elonmusk, @0xfoobar, @stephen_geiger, @meghankreynolds, @concodanomics, @elonmusk, @zachxbt, @willmacaskill, @robdenbleyker, @bgurley, @zachxbt, @vydamo_, @devchart, @autismcapital, @phil_lewis_, @0xtre, @hackenclub, @alex, @marquardtglobal, @yoda, @rezendi, @johnlevenstein, @adam_k_levin, @levie, @zachxbt, @autismcapital, @vitalikbuterin, @levie, @dsquareddigest, @spreekaway, @edzitron, @dogetoshi, @milkroaddaily, @mudit__gupta, @grdecter, @joshtpm, @im_goomba, @wublockchain, @edvis100, @cryptoub, @wallstreetsilv, @grady_booch, @autismcapital, @kuroxlb, @0xfoobar, @caseynewton, @davidmweissman, @carnage4life, @rmac18, @matthew_d_green, @0xfoobar, @cd_hooks, @asanwal, @lookonchain, @jchervinsky, @alexhern, @cz_binance, @profjeffjarviss, @harryh, @edzitron, @menlobear, @dollarsanddata, @travisyost, @mattballen4791, @milesjennings, @weldpond, @ericjackson, @grdecter, @mathewi, @cgasparino, @gergelyorosz, @ashleevance, @gordongoner, @jordanschachtel, @cryptodonalt, @justinbennettfx, @ericliptonnyt, @buccocapital, @route2fi, @autismcapital, @7im, @modestproposal1, @davidgokhshtein, @autismcapital, @hunterwalk, @scupytrooples, @teroterotero, @rmac18, @cloud_opinion, @zachweinberg, @profjeffjarviss, @wublockchain, @gergelyorosz, @carnage4life, @fintechfrank, @marionawfal, @ki_young_ju, @erikvoorhees, @litcapital, @0xfoobar, @jason, @zachxbt, @coinbureau, @nekoztek, @conejocapital, @bantg, @marionawfal, @dylanleclair_, @dmitryopines, @iamdcinvestor, @functi0nzer0, @adamscochran, @mhonkasalo, @autismcapital, @noahpinion, @adamscochran, @219_eth, @cryptovinco, @0xwave, @tradermayne, @crypto_chase, @adamscochran, @iamnoahmiller, @themlpx, @tradermayne, @thedata_nerd, @219_eth, @abu9ala7, @tradermayne, @0xfbifemboy, @davidfbailey, @octal, @valueandtime, @whale_alert, @sassal0x, @jillrgunter, @josephpolitano, @asvanevik, @srpeterseth, @coinmamba, @ryansadams, @msuiche, @mrjasonchoi, @route2fi, @jonwu_, @minigrogu, @enjoyoor, @camirusso, @qtrresearch, @altcoinpsycho, @sobylife, @the_delysium, @punk6529, @0xquit, @nycsouthpaw, @titanxbt, @dannydiekroeger, @wassielawyer, @0xradar, @titanxbt, @azidynamics, @marionawfal, @gurgavin, @tittyrespecter, @statelayer, @arkhamintel, @beastlyorion, @loopifyyy, @jasonfurman, @altcoindailyio, @drericding, @loopifyyy, @peckshieldalert, @icebergy_, @degenspartan, @arthur_0x, @zachxbt, @tree_of_alpha, @219_eth, @generativist, @cryptokaleo, @statelayer, @robustus, @dtrain22k, @richerd, @rnr_0, @mhonkasalo, @investmentshulk, @peckshieldalert, @sassal0x, @marionawfal, @lawmaster, @richerd, @lefterisjp, @tree_of_alpha, @punk6529, @wublockchain, @stunlikes, @salsatekila, @gordongoner, @hsakatrades, @zackvoell, @jeffjohnroberts, @edzitron, @0xfoobar, @cryptotony__, and @captaindefi2
| MacKenzie Sigalos / CNBC: |
More:
The Block, PYMNTS.com, Crypto Blurt, What's Left, and The Guardian
Tweets: @fintechfrank, @simon_ree, @ozard_ofwiz, and @iamdcinvestor
| Molly White / Web3 is going just great: |
Crypto.com's CEO admits the company accidentally sent 320K ETH, or ~$416M, meant for cold storage, to crypto exchange Gate.io, which returned all the funds — A Twitter user posted Etherscan screenshots showing a massive flow of crypto from the Crypto.com cryptocurrency exchange to another exchange, Gate.io.
| Bloomberg: |
A profile of Unity CEO John Riccitiello, as he faces criticism for the company's targeted ads, his metaverse ambitions, years of dating the head of HR, and more — John Riccitiello was on top of the metaverse. Last November the chief executive officer of Unity Software Inc. spilled the news … | Gerrit De Vynck / Washington Post: |
A profile of Dan O'Dowd, who made a fortune with his embedded systems OS company and is now obsessed with exposing Tesla's FSD beta as incomplete and unsafe — SANTA BARBARA, Calif. — When Dan O'Dowd had his midlife crisis, he bought two near-identical Tesla Roadsters, the first model the electric carmaker ever produced.
Tweets: @gerritd, @gartenberg, @realdanodowd, and @niubi
| Shaurya Malwa / CoinDesk: |
Binance and Huobi block deposits of FTX's native token, FTT, after 192M+ tokens worth ~$400M were released out of schedule and without warning from FTX — The tokens were released out of schedule from FTT's main deployer address, with no official explanation.
More:
The Block, Bitcoin News, and The Daily Hodl
Tweets: @zachweinberg, @ben_mckenzie, and @fredwalton216
| Adrienne LaFrance / The Atlantic: |
Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can't say for a laugh and charging $8 for the privilege — Recently, comedy clubs have begun doing this thing that seemed, when I first encountered it, both wildly hypocritical and more than a little sad.| Aisha Malik / TechCrunch: |
YouTube introduces a Live Q&A feature designed to make it easier for creators to select and manage viewers' chat questions during livestreams — YouTube is introducing a new “Live Q&A” feature that is designed to make it easier for creators to interact with viewers during livestreams.| Richard Waters / Financial Times: |
Factors like a demand drop and a manufacturing capacity jump led to a sharp chip cycle downturn, which some suggest means a bottom in the market may be near — Growing number of companies have issued weak sales and profit projections — If Wall Street had any doubts about the speed …
Tweets: @scottlincicome, @pstasiatech, @macaesbruno, and @jimpethokoukis
| Financial Times: |
A profile of Changpeng Zhao, as sources describe a divisive entrepreneur on a relentless drive to grow at all costs, including by ignoring regulatory compliance — The Binance founder's actions left Sam Bankman-Fried's FTX filing for bankruptcy — On Tuesday afternoon Changpeng Zhao …
Tweets: @adamsamson and @adamsamson
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New York Times:Emmanuel Macron / Variety:
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