| Joshua Oliver / Financial Times: |
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau … | Ankush Khardori / New York Magazine: |
Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX's collapse was purely sloppiness, meaning a US prosecution could take some time — On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history … | Joe Rossignol / MacRumors: |
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues … | Reuters: |
Source: Foxconn expects its Zhengzhou plant to resume full production in late December or early January, but plans may change; November revenue drops 11.4% YoY — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January … | Lauren Goode / Wired: |
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.| Kurt Wagner / Bloomberg: |
Elon Musk says Apple has “fully resumed” advertising on Twitter, after claiming on November 28 that Apple had “mostly stopped” Twitter ads — Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further de-escalating a brewing war between two of the world's most influential tech companies.| Joanna Glasner / Crunchbase News: |
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn — Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.| Christopher Byrd / New Yorker: |
A wide-ranging interview with Cory Doctorow on lessons from science fiction, Big Tech's comeuppance, surveillance capitalism, smart contracts, dApps, and more — A conversation about the “mediocre monopolists” of Big Tech, the weirdness of crypto, and the real lessons of science fiction.| Dan Milmo / The Guardian: |
Survey of 8,000 young people in nine European countries finds 34% have pirated content, 27% reported trolling someone, 22% reported inciting violence, and more — EU-funded survey of people aged 16-19 finds one in four have trolled someone - while UK least ‘cyberdeviant’ of nine countries| David C. Brock / CHM: |
A look at PostScript, Adobe's programming language for desktop publishing that debuted in 1984, as its source code is publicly released for the first time — The story of PostScript has many different facets. It is a story about profound changes in human literacy as well as a story of trade secrets within source code.| Financial Times: |
Sources: Winklevoss twins' Gemini crypto exchange is trying to recover $900M owed to it by Genesis Global and Genesis' parent company Digital Currency Group — New York-based Gemini is trying to recover funds after FTX failure plunged market into turmoil — Digital asset trading group Genesis … | Matt Von Hippel / Quanta Magazine: |
A look at FORM software, released in the 1980s for particle physics calculations, which is maintained almost entirely by a retiree and risks obsolescence — Maintenance of the software that's used for the hardest physics calculations rests almost entirely with a retiree.
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Email fatigue is real: Here's how smart email tools help you regain control — Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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