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November 18, 2022, 4:20 PM

Top News

The Verge:
Hundreds of Twitter employees post farewell messages and salute emojis in Slack and tweets, announcing their resignations after Elon Musk's “hardcore” ultimatum  —  Musk gave Twitter staff a deadline to say if they are staying for his cultural reset of the company.
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New York Times:
Sources: some internal estimates show 1,200+ full-time Twitter employees resigned on November 17; Twitter went from 7,500 to ~3,700 staff after mass layoffs  —  Mr. Musk sent emails on Friday asking to learn about Twitter's underlying technology as key infrastructure teams have been decimated.
AJ McDougall / The Daily Beast:
Sources: Twitter disables badge access and shuts down offices until at least November 21, reportedly fearing “sabotage” after a large number of staff resigned  —  The temporary closure of the company's offices comes as the billionaire is reportedly “terrified employees are going to sabotage the company.”
Bloomberg:
Elon Musk / @elonmusk:
[Thread] Elon Musk says “new Twitter policy” will deboost and demonetize “negative/hate tweets”, reinstates Kathy Griffin, Jordan Peterson, and Babylon Bee  —  New Twitter policy is freedom of speech, but not freedom of reach. Negative/hate tweets will be max deboosted & demonetized, so no ads or other revenue to Twitter. You won't find the tweet unless you specifically seek it out, which is no different from rest of Internet.
Wall Street Journal:
Sources: ~$300M of $420M from an FTX raise in October 2021 went to SBF in a share sale that he said was partial reimbursement for buying out Binance's stake  —  Cryptocurrency-exchange founder told investors last year that the share sale was partial reimbursement of money he'd spent to buy out rival Binance's stake
Will Douglas Heaven / MIT Technology Review:
Meta AI and Papers with Code pull Galactica, a large language model to generate scientific text, days after its launch, amid criticism about incorrect results  —  Galactica was supposed to help scientists.  Instead, it mindlessly spat out biased and incorrect nonsense.
Sergiu Gatlan / BleepingComputer:
The FBI says the Hive ransomware gang has extorted ~$100M from 1,300+ organizations, including government facilities and public health entities, since June 2021  —  The Federal Bureau of Investigation (FBI) said today that the notorious Hive ransomware gang has successfully extorted roughly $100 million …
Nansen:
An in-depth look at FTX and Alameda shows UST's collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen's research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways
Forbes:
A profile of Caroline Ellison, the risk-loving, “very mathy” Alameda Research CEO that sources say was “virtually invisible” in Alameda's last days  —  Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks.

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Annie Palmer / CNBC: