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November 22, 2022, 9:30 PM
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WeSmirchTop News
| Koh Gui Qing / Reuters: |
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel” — Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
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Insider, New York Times, Forbes, Fortune, Cryptopolitan, New York Post, Crypto Briefing, Coinspeaker, Bloomberg, Reuters, The Guardian, and Gizmodo
Tweets: @pelositracker_, @watcherguru, @grdecter, @niubi, @wallstreetsilv, @eliotwb, @lilmoonlambo, @niubi, @epsilontheory, @raph_bloch, @rwpusa, @silvermanjacob, @epsilontheory, @wsbchairman, @ericliptonnyt, @johnedeaton1, @plebcapital, @buccocapital, @neontaster, @ledgerstatus, @priapusiq, @adamscrabble, @baldingsworld, @coryklippsten, @wsbchairman, @smtuffy, @aaronwall, @spencerjakab, @smtuffy, @tombevanrcp, @packym, @tombevanrcp, @biohazard3737, @zerohedge, @scottmelker, @grdecter, @jeffhauser, and @carnage4life
| Nikhilesh De / CoinDesk: |
SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.| Berber Jin / Wall Street Journal: |
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Bloomberg, The Information, PYMNTS.com, Bloomberg, The Block, MarketWatch, and Crowdfund Insider
Tweets: @howardlindzon, @scottmelker, @berber_jin1, and @joeemison
| New York Times: |
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses — Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company's vendors have gotten stiffed.
More:
Insider, SlashGear, Twitter is Going Great!, and Observer
Tweets: @mikeisaac, @rmac18, @toluogunlesi, @whet, @jcoviedo6, @mattbilinsky, @briannawu, @goldman, @ryanlcooper, and @benryanwriter
| Liz Hoffman / Semafor: |
Despite Elon Musk publicly distancing himself from SBF, texts between them on May 5 show SBF rolled over $100M in Twitter stock during Musk's takeover — Elon Musk used Twitter, the platform he now owns, to gleefully mock the meltdown of the crypto exchange FTX.
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CoinDesk, The Verge, Insider, and Twitter is Going Great!
| New York Times: |
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New York Times, Observer, TheStreet, Gizmodo, and Protocol
Tweets: @noamscheiber, @goldman, @harrymccracken, and @willoremus
| Alex Heath / The Verge: |
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Ars Technica, Wall Street Journal, San Francisco Business Journal, SiliconANGLE, Techdirt, MobileSyrup, Observer, Fortune, and Thurrott
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, @alexeheath, @alexeheath, @alexeheath, @philmcduff, @martinsfp, @adamsessler, @growing_daniel, @zenofdesign, @growing_daniel, @genzforchange, @_alialkhatib, @jodiecongirl, @itguy1959, @alexeheath, @pleasebegneiss, @notcapnamerica, @alexhern, @eevee, @brianmfloyd, @thecriticaldri2, @film_girl, @gergelyorosz, @lilahsturges, @gergelyorosz, @themaxburns, @alexeheath, @dantley, @metareflexive, @carnage4life, @saradannerdukic, @siruihua, @elonmusk, @pnjaban, @lib_crusher, and @vkostyukov
| Washington Post: |
Sources detail Elon Musk's rapid dismantling of Twitter's safety work, narrowing its scope to whatever he deems violent, threatening “sticks and stones” talk — Amid the wider turmoil since his takeover last month, Musk has moved rapidly to undermine Twitter's deliberative content-moderation system.
More:
Insider, Twitter is Going Great!, and Mashable
| Washington Post: |
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks — More than a third of Twitter's top 100 clients have not advertised on the platform in the past two weeks, data shows
More:
Caterina.net and Twitter is Going Great!
Tweets: @davidakaye, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @kantrowitz, and @wongmjane
| Alex Heath / The Verge: |
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Ars Technica, Social Media Today, The Red Tape Chronicles, Gizmodo, MobileSyrup, and BGR
Tweets: @elonmusk, @elonmusk, @bgurley, @vladsavov, and @mer__edith
| Bloomberg: |
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG — The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
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New York Times, The Block, Wall Street Journal, CoinDesk, Financial Times, CryptoPotato, Crypto Briefing, Reuters, CryptoGlobe, Decrypt, crypto.news, and CryptoSlate
Tweets: @tier10k, @tier10k, @fintechfrank, @ap_archpublic, @tier10k, @wintonark, @tree_of_alpha, @joeconsorti, @delphi_digital, @pythianism, @tier10k, @loopifyyy, @ap_archpublic, @mylesudland, @dylanleclair_, @mikeburgersburg, @fintechfrank, @ek_hudson, @gainzy222, @charliebilello, @delphi_digital, @nachotrades, @danheld, @delphi_digital, @kadhim, @twobitidiot, @marionawfal, @mtrl_scientist, @delphi_digital, @tier10k, @twobitidiot, @kyledoops, @cryptocronkite, @jdorman81, @tier10k, @darealmilkbagz, @dylanleclair_, @iamdcinvestor, @tier10k, @drnicka, and @sicarious_
| Ken Sweet / Associated Press: |
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now — Lawyers for FTX disclosed Tuesday that a “substantial amount” of assets has been stolen from the accounts …
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Wall Street Journal, New York Times, YouTube, CoinDesk, CNBC, The Information, Financial Times, TheStreet, Wall Street Journal, Yahoo Finance, CNN, New York Magazine, CoinGape, The Block, CoinDesk, Reuters, Ethereum World News, Cointelegraph, WRAL TechWire, and TechCrunch
Tweets: @jacqmelinek, @tbr90, @davidgura, @autismcapital, @kadhim, @ericbalchunas, @adamscochran, @intangiblecoins, @tier10k, @autismcapital, @blevimyers, @tombevanrcp, @ryan_browne_, @davidgura, @autismcapital, @tree_of_alpha, @davidgura, @kadhim, @kensweet, @kadhim, @matthewstoller, @markamesexiled, @tier10k, @davidgura, @nikhileshde, @akikofujita, @alexqgb, and @tier10k
| Eliza Gkritsi / CoinDesk: |
More:
Forbes, Australian Financial Review, The Block, Bloomberg, SlashGear, TechCrunch, and The Daily Hodl
Tweets: @jeffkauflin, @evgenygaevoy, @im_goomba, @kadhim, @mark_dow, @sherlock_hodles, @kadhim, @ericzhu105, and @parabolit
| Jeff Horwitz / Wall Street Journal: |
Facebook's Q3 Widely Viewed Content Report: in a first, none of the top 20 posts broke platform rules; sources detail Meta's latest fight against spammy content — Third-quarter content report shows only one in the top 20 posts qualified as engagement bait — What's Behind Social Media Spambots and Can They Be Stopped?| Mack DeGeurin / Gizmodo: |
Meta's researchers detail Cicero, an AI trained to “human level performance” in negotiation-based strategy game Diplomacy, ranking in the top 10% over 40 games — Ever since IBM's Deep Blue artificial intelligence system defeated world chess champion Garry Kasparov at his own game in 1997 …
More:
Meta AI, Ars Technica, Science, Meta, The Register, Social Media Today, Neowin, New Scientist, Forbes, Engadget, PCMag, publication, SiliconANGLE, and SciTechDaily
| Denny Jacob / Wall Street Journal: |
HP to lay off 4,000 to 6,000 employees, or up to ~10% of its workforce, over the next three years as part of a plan to achieve $1.4B in annualized cost savings — Dell warns of a worsening decline after a 17% drop in third-quarter laptop and desktop sales — HP Inc. HPQ 0.75%increase …
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CNBC, CNET, SiliconANGLE, San Francisco Business Journal, Oregonian, The Hill, CNN, Fortune, Reuters, CRN, Axios, Reuters, and Channel Futures
Tweets: @carlquintanilla and @kasdad
| Samuel Stolton / Politico: |
The UK's CMA launches an investigation into Apple's and Google's dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold” — Apple and Google could be forced to loosen their grip on mobile systems after the United Kingdom's competition watchdog launched …
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GOV.UK, Forbes, CNET, AppleInsider, SiliconANGLE, iMore, Bloomberg, BBC, Gizmodo, Reuters, PYMNTS.com, iPhone Hacks, Softpedia News, iPhone in Canada Blog, Pocket-lint, Windows Central, TechSpot, Tech Monitor, iThinkDifferent, TheGamer, iClarified, and Computerworld
Tweets: @cmagovuk, @s8mb, @profschrepel, and @dstallibrass
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