| New York Times: |
Sources: some internal estimates show 1,200+ full-time Twitter employees resigned on November 17; Twitter previously laid off ~3,700 of 7,500 staff — Mr. Musk sent emails on Friday asking to learn about Twitter's underlying technology as key infrastructure teams have been decimated.| 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.| AJ McDougall / The Daily Beast: |
Sources: Twitter disables badge access and shuts down offices until at least November 21; a report points to fears of “sabotage” after numerous resignations — 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: |
| Yoel Roth / New York Times: |
Twitter's ex-head of Trust & Safety on why he resigned: a Twitter whose policies are defined by unilateral edict has little need for a trust and safety function — Earlier this month, I chose to leave my position leading trust and safety at Elon Musk's Twitter.| 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: |
UST's May 2022 collapse caused a liquidity crunch that FTX and Alameda tried to counter with 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| Kathryn Hardison / Wall Street Journal: |
Carvana says it will lay off about 1,500 people, or ~8% of its workforce, adding to the ~2,500 workers it laid off in May 2022 — Planned workforce reductions come as demand from consumers remains under pressure — How Carvana's Stock Crashed: What Went Wrong — Created with sketchtool.| 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.| Kirsten Korosec / TechCrunch: |
Internal email: autonomous delivery startup Nuro is laying off 300 people, or 20% of its workforce, to preserve cash, and says it has $1B on its balance sheet — Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people …
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| Annie Palmer / CNBC: |