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November 24, 2022, 8:45 AM
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Josh Sisco / Politico:
Sources: the FTC plans to file an antitrust lawsuit to block Microsoft's $69B Activision Blizzard deal, as FTC staff are skeptical of the companies' arguments  —  The Federal Trade Commission is likely to file an antitrust lawsuit to block Microsoft's $69 billion takeover …
Carly Wanna / Bloomberg:
Sam Bankman-Fried plans to speak at The New York Times' annual DealBook Summit on November 30; Andrew Ross Sorkin says “nothing is off limits”  —  In the weeks since crypto exchange FTX collapsed, questions have swirled about everything from the risk management practices …
Parikshit Mishra / CoinDesk:
ConsenSys says it collects user data related to its on-chain wallet service MetaMask, following a similar announcement by decentralized exchange Uniswap  —  The firm said when using Infura as an RPC on MetaMask, a user's IP address and wallet address information would also be collected.
Bloomberg:
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital  —  Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
Financial Times:
Sources: Elon Musk disbands Twitter's Brussels team, sparking compliance concern among EU officials after policy executives departed the small but vital office  —  Digital policy executives' departure elicits unease over adherence to EU rules on disinformation and hate speech
Financial Times:
Foxconn offers ~$1,400 payouts to newly recruited Chinese workers who opt to leave its iPhone factory, aiming to quell unrest after violent clashes with police  —  Apple supplier apologises for ‘technical error’ after violent clashes between workers and police
Steve Lohr / New York Times:
Frederick P. Brooks Jr., a Turing Award recipient who co-led IBM's System/360 and wrote a book cited as gospel by computer scientists, died last week at 91  —  He was a lead designer of the computers that cemented IBM's dominance for decades.  He later wrote a book on software engineering that became a quirky classic.
Bill Cusick / Stability.Ai:
Stability AI releases Stable Diffusion 2.0, which can generate images with 512x512 and 768x768 default resolutions and upscale images to 2048x2048  —  It is our pleasure to announce the open-source release of Stable Diffusion Version 2.  —  The original Stable Diffusion V1 led by CompVis changed …
Stephen Gandel / New York Times:
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal  —  Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
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
More: The Economic Times, New York Times, Disillusioned, New York Post, Blockworks, Quartz, Ars Technica, TheStreet, Ethereum World News, New York Times, The Block, Crowdfund Insider, Cryptopolitan, Watcher Guru, Insider, The Guardian, Waivly, Insider, Bloomberg, South China Morning Post, Wall Street Journal, The Block, Financial Times, and Associated Press
Tweets: @lizrhoffman, @lizrhoffman, @nic__carter, @layahheilpern, @caspiancey, @topshotfund, @davidsacks, @lucasbagnocv, @jamespoulos, @chuckrossdc, @mhonkasalo, @canteringclark, @jordanschachtel, @saifedean, @batsoupyum, @coffeebreak_yt, @melt_dem, @parikpatelcfa, @ericbalchunas, @adamscochran, @davidzmorris, @johnedeaton1, @lizrhoffman, @crypto_bitlord7, @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, @nlw, @amasad, @maxboonen, @smtuffy, @alistairmilne, @carnage4life, @renato_mariotti, @wublockchain, @frances_coppola, @jgreco, @carnage4life, @j_dot_j, @austen, @mdudas, @trader1sz, @silvermanjacob, @mdudas, @johnedeaton1, @adamscochran, @autismcapital, and @adamscochran
Jon Porter / The Verge:
Elon Musk says Tesla's Full Self-Driving Beta is now available on request to anyone in North America who has paid for the $15,000 feature  —  Tesla's “Full Self-Driving” Beta, which has been gradually rolling out over the past couple of years, is now available to anyone who's paid for the feature …
Sergiu Gatlan / BleepingComputer:
Microsoft says hackers used vulnerabilities in the Boa web server, discontinued in 2005 but widely used across IoT devices, to target the Indian power sector  —  Microsoft said today that security vulnerabilities found to impact a web server discontinued since 2005 have been used to target …
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney's other units  —  Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units

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This is a Techmeme archive page. It shows how the site appeared at 8:45 AM ET, November 24, 2022.

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Henry Blodget / Regenerator:
Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

More News

Matthew Yglesias / Slow Boring:
The US Fed raising interest rates faster than expected is driving the crypto crash, tech layoffs, and more, as companies value “money now” over long-term bets
Moneycontrol:
Prosus valued its 9.67% stake in Byju's at $578M at the end of Q3 2022, implying Byju's total value to be $5.9B; Byju's was valued at $22B in October 2022

Earlier Picks

Mary Ann Azevedo / TechCrunch:
All three founders of online trading service Pipe are stepping down as the company looks for a “veteran” CEO; Pipe raised $250M at a $2B valuation in May 2021
Lucas Shaw / Bloomberg:
Sources: Amazon plans to spend $1B+ per year to produce and release movies for theaters, starting with a few releases in 2023, and eventually 12 to 15 annually
David Dayen / American Prospect:
A look at a letter from March by four GOP and four Democratic House members discouraging the SEC from probing crypto firms; five had donations from FTX staff
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