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August 20, 2022, 6:20 PM
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| Michael McSweeney / The Block: |
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured — - The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies … | Patricia Hernandez / Kotaku: |
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics — Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.
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The Verge, Mark Zuckerberg, Insider, Polygon, TheGamer, Livemint, Slate, Mashable, Social Media Today, TechCrunch, and Engadget
Tweets: @rmac18, @bgurley, @lifebettergreen, @mollywood, @datnofact, @howardlindzon, @hankgreen, @nathievr, @hackingbutlegal, @anshublog, @caseynewton, @hackingbutlegal, @nickdcarver, @elipariser, @karaswisher, @limitlessjest, @amasad, @thrilluwu, @adamnash, @peterpham, @leslievdb, @jetgreguar, @yoda, @benitopagotto, @om, @nateingraham, @alexeheath, @howlmedia, @kellymakena, @rmac18, @kateconger, @paultassi, @hmltn, @walldo, and @stevekovach
| Kate Rooney / CNBC: |
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue — - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.| Cristina Criddle / Financial Times: |
Match Group COO and CFO Gary Swidler says sign-ups on Tinder “have not returned back to pre-pandemic levels” and “new users remain a challenge” — World's dominant dating app seeks new ways to achieve growth as rivals such as Bumble and Thursday thrive
More:
Mashable
| Nikkei Asia: |
A look at the challenges ahead for China's e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan — Expansion will require new rules and huge investment in datacenters and other infrastructure.| New York Times: |
Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty — The company blamed its financial performance for the potential bonus cut. — Twitter warned its employees on Friday … | Casey Newton / The Verge: |
An interview with NFT project Loot creator Dom Hofmann, who says it still has ~200 developers despite the project's market cap falling from $180M+ to under $6M — Loot's Dom Hofmann on outlasting the hype cycle, public-domain video games, and why Creative Commons is the future
Tweets: @caseynewton, @yoda, @alexhern, and @caseynewton
| James Rundle / Wall Street Journal: |
Lloyd's of London will require insurer groups in its global marketplace to exclude state-backed hacks from stand-alone cyber insurance policies starting in 2023 — By 2023, insurer groups must add clauses to cyber policies excluding state-backed hacks that severely affect target nation's infrastructure, insurance marketplace says
Tweets: @paul__armstrong and @danielkennedy74
| Scott Chipolina / Financial Times: |
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80b of short-term US government debt, accounting for 2% of the Treasury bills market as of May — Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether … | Dustin Volz / Wall Street Journal: |
UK's ruling Conservative Party is offering its 160K members the option to vote online in a leadership election to decide the country's next prime minister — In prime-minister race, Conservative Party wants to make voting more convenient for its 160,000 eligible members; no U.S. state permits universal online voting
Tweets: @dnvolz and @dcjohnson
| Rachael Levy / Reuters: |
Sources: Elon Musk approached brain-computer interface developer Synchron about a potential investment, after expressing frustration with Neuralink's progress — Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch … | Beth DeCarbo / Wall Street Journal: |
How Georgia State University and other schools are using apps and AI chatbots to help attract students, guide them through graduation, and launch their careers — More institutions are using apps and analytics to help attract students, guide them through graduation and launch their careersSponsor Posts
Google:
Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life
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Zoho:
Zoho CRM Plus in 2025: A year of thoughtful CX improvements — 2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …
Zoho CRM Plus in 2025: A year of thoughtful CX improvements — 2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
Alex And Ranjan's 2026 Outlook: ChatGPT 1 Billion, AI Shopping, Apple's Big Year, AI Love Boom
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Hard Fork:
Where Is All the A.I.-Driven Scientific Progress?
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Talk Show With John Gruber:
'A Naughty Citizen', With Quinn Nelson
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
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Channels with Peter Kafka:
Podcast Pioneer PJ Vogt's Second Act: Less Budget, More Control
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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BG2 Pod:
AI Enterprise - Databricks & Glean
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
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Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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