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November 23, 2022, 6:25 AM
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| Nikhilesh De / CoinDesk: |
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
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The Block, Insider, Waivly, Bloomberg, The Block, Financial Times, and South China Morning Post
Tweets: @lizrhoffman, @lizrhoffman, @crypto_bitlord7, @smtuffy, @amasad, @johnnyp135dfs, @milessuter, @futurenomics, @satsdart, @investmentshulk, @neiljacobs, @ldrogen, @ercwl, @davidbelle_, @rnr_0, @alexhern, @inartecarlodoss, @andy8052, @caspiancey, @thormaximalist, @smtuffy, @macrocephalopod, @longshorttrader, @iamdcinvestor, @austen, @thormaximalist, @billym2k, @lynaldencontact, @nic__carter, @wallstreetsilv, @stackersatoshi, @wublockchain, @thecryptomars, @lilmoonlambo, @doombergt, @wallstreetsilv, @iamdcinvestor, @iamdcinvestor, @iamdcinvestor, @zerohedge, @doombergt, @lizrhoffman, @lizrhoffman, @lizrhoffman, @carnage4life, @nlw, @silvermanjacob, @j_dot_j, @alistairmilne, @wublockchain, @adamscochran, @autismcapital, @mdudas, @amasad, @jgreco, @maxboonen, @adamscochran, @johnedeaton1, @trader1sz, @austen, @mdudas, @carnage4life, @frances_coppola, and @renato_mariotti
| Berber Jin / Wall Street Journal: |
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments — Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange
More:
Bloomberg, The Information, crypto.news, Tech in Asia, and PYMNTS.com
Tweets: @schuldensuehner, @lizhabib, @howardlindzon, @scottmelker, @berber_jin1, @heathersomervil, @joeemison, and @carnage4life
| 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 …
More:
Wall Street Journal, New York Times, CNBC, Forkast, BBC, Financial Times, Panda Security Mediacenter, CoinDesk, SlashGear, and CoinJournal
Tweets: @jacqmelinek, @davidgura, @autismcapital, @ericbalchunas, @intangiblecoins, @tier10k, @tbr90, @reuters, @blevimyers, @tombevanrcp, @ryan_browne_, @davidgura, @autismcapital, @tree_of_alpha, @davidgura, @kensweet, @kadhim, @markamesexiled, @tier10k, @davidgura, @ryan_browne_, @nikhileshde, @akikofujita, @alexqgb, @autismcapital, @tier10k, @adamscochran, @kadhim, @matthewstoller, and @kadhim
| Bloomberg: |
Sources: hundreds of Foxconn workers at the iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fears — Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost …
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BBC, Financial Times, AppleInsider, The Verge, PCMag, Reuters, Wall Street Journal, Forbes, Livemint, Engadget, MacRumors, The Information, TechCrunch, The Guardian, France 24, Quartz, iMore, Fossbytes, Neowin, Bloomberg, Tech Xplore, and CNET
Tweets: @lisaabramowicz1, @violazhouyi, @pelstrom, @sentdefender, @bibekbhandari, @dylanfrank21, @williamyang120, @williamyang120, @nrg8000, @chinalaborwatch, @tw_tomy7, @tw_tomy7, @nrg8000, @gundamnorthrop, @tculpan, @saikirankannan, @byron_wan, @smritisharma_, @stephenmcdonell, @byron_wan, @nrg8000, @violazhouyi, @fangshimin, @tobitac, @matthew_pines, @pelstrom, @oliviasolon, @tommackenzietv, @keithmccullough, @niubi, @amberchoudhury, @pelstrom, @jorge_guajardo, @dtiffroberts, @niubi, @shashidigital, and @ryan_chua
| 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, and Twitter is Going Great!
| Liz Hoffman / Semafor: |
More:
International Business Times, Insider, The Verge, CoinDesk, and Twitter is Going Great!
Tweets: @bestofdyingtwit, @elonmusk, @mattyglesias, @jamessurowiecki, @reedalbergotti, @kelseytuoc, @semaforben, @semafor, @jason, @parismarx, @rp_griffin, @kwerb, @karaswisher, @bennetttomlin, @rmac18, @219_eth, @carlquintanilla, @chuckrossdc, @budrykzack, @joshtpm, @caseynewton, @jdcmedlock, @mchalfant16, @rachelhaot, @gerritd, and @cwarzel
| Alex Heath / The Verge: |
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The Verge, Ars Technica, Fortune, Android Headlines, Social Media Today, San Francisco Business Journal, SiliconANGLE, and Trak.in
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, and @alexeheath
| Sergiu Gatlan / BleepingComputer: |
Windows Subsystem for Linux is now generally available for Windows 10 and 11 via the Microsoft Store, as Microsoft makes the Store version of WSL the default — Microsoft announced today that the Store version of Windows Subsystem for Linux (WSL) is generally available for Windows 10 and 11 customers.
More:
Windows Command Line, BetaNews, XDA Developers, Microsoft Learn, Windows Report, MSPoweruser, OnMSFT.com, The Register, Neowin, and Phoronix
Tweets: @shanselman, @kelseyhightower, @etchedpixels, @technige, and @thiojoe
| 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:
MediaNama, Newser, Gizmodo, and Twitter is Going Great!
Tweets: @davidakaye, @wongmjane, @sameer_singh17, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @kantrowitz, @davidakaye, @sethabramson, and @aroondeep
| Washington Post: |
More:
Twitter is Going Great! and Insider
Tweets: @goldman, @donie, @timobrien, @gerritd, @mikebutcher, @nitashatiku, @nitashatiku, @jayrosen_nyu, @ronbrownstein, @ronbrownstein, @jsrailton, and @harrymccracken
| Anton Shilov / Tom's Hardware: |
Research: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009 — Intel solidifies GPU positions amid graphics market slump. — Shipments of integrated and discrete graphics processing units dropped … | Brody Ford / Bloomberg: |
HP reports Q4 revenue down 11.2% YoY to $14.8B and Personal Systems revenue down 13% YoY to $10.3B, and forecasts a 10% drop in PC sales in FY 2023 — HP Inc. said it will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits.| Denny Jacob / Wall Street Journal: |
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CNBC, Silicon Republic, Tech Monitor, RTÉ, The Overspill, The Register, Fortune, CNET, SiliconANGLE, Oregonian, and Channel Futures
Tweets: @carlquintanilla and @kasdad
| 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, Wall Street Journal, CoinDesk, crypto.news, Financial Times, Crypto Briefing, Cointelegraph, and Bitcoin News
Tweets: @tier10k, @tier10k, @fintechfrank, @ap_archpublic, @charliebilello, @tier10k, @wintonark, @tree_of_alpha, @joeconsorti, @delphi_digital, @pythianism, @tier10k, @loopifyyy, @ap_archpublic, @mylesudland, @dylanleclair_, @mikeburgersburg, @fintechfrank, @ek_hudson, @gainzy222, @delphi_digital, @nachotrades, @danheld, @wublockchain, @delphi_digital, @kadhim, @twobitidiot, @marionawfal, @mtrl_scientist, @delphi_digital, @tier10k, @twobitidiot, @kyledoops, @cryptocronkite, @jdorman81, @tier10k, @darealmilkbagz, @dylanleclair_, @iamdcinvestor, @tier10k, @laurashin, @drnicka, @sicarious_, and @highcoinviction
| Julian Mark / Washington Post: |
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators — The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.
More:
Axios, CNBC, New York Times, Coinspeaker, and Politico
| New York Times: |
New York becomes the first US state to restrict crypto-mining as Gov. Kathy Hochul signs a bill imposing a two-year moratorium on permits at fossil fuel plants — National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York's lead.
More:
Decrypt, Wall Street Journal, Bloomberg, Cointelegraph, Associated Press, CoinGape, CoinDesk, New York Post, The Hill, Forkast, and Politico
Tweets: @periannedc, @nytimes, @danielsgoldman, @bradlander, @andrewgiambrone, @sethmpk, @sunjeevbery, and @luisferre
| Bloomberg: |
Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments — Xiaomi Corp.'s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.| Cecilia D'Anastasio / Bloomberg: |
Amazon's Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13 — Twitch, the video game livestreaming site popular with teens and kids, announced changes it's making on the platform to increase safety … Sponsor Posts
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