| Andrew Rummer / The Block: |
FTX's Sam Bankman-Fried insists the exchange is “fine” after Binance begins selling FTX's FTT; a recently leaked Alameda balance sheet showed $8B in liabilities — - FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX's FTT token.| CoinDesk: |
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens received from exiting FTX equity in 2021; FTX-linked Alameda offers to buy them for $22 each — Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece. — Binance's CEO, responding to a CoinDesk scoop … | Oliver Knight / CoinDesk: |
The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud — The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they're worth $1.04 billion.| Richard Lawler / The Verge: |
Elon Musk says Twitter handles “engaging in impersonation without clearly specifying ‘parody’ will be permanently suspended” and there will be no more warnings — Elon Musk's Twitter has a new rule for everyone with an account on Twitter to follow … | Joe Rossignol / MacRumors: |
Apple expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than anticipated due to COVID-19 restrictions at Foxconn's factory in Zhengzhou, China — Apple today said it expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than the company previously anticipated due … | Bloomberg: |
Sources: Apple expects to produce at least 3M fewer iPhone 14 handsets than anticipated in 2022, aiming to make 87M or fewer, primarily due to softer demand — Apple Inc. expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with its plans.| Allison Pohle / Wall Street Journal: |
Airbnb plans to show the total cost of stays including cleaning fees in its search results starting in December 2022, after announcing a fee review in May 2021 — The travel company also says it will make predeparture cleaning requirements easier for customers to find earlier in their search| Bloomberg: |
Sources: after cutting ~3,700 staff, Twitter asks dozens to return upon realizing some were wrongly sacked and some are needed to build features Elon Musk wants — Twitter Inc., after laying off roughly half the company on Friday following Elon Musk's $44 billion acquisition … | Sankalp Phartiyal / Bloomberg: |
Sources: Elon Musk fired 90%+ of Twitter's 200+ staff in India over the weekend, including ~70% of the product and engineering team, leaving about a dozen staff — Twitter Inc. fired more than 90% of its staff in India over the weekend — part of global reductions by new owner Elon Musk … | Billy Perrigo / TIME: |
Q&A with Mastodon founder and lead developer Eugen Rochko on how decentralized social media servers mitigate hateful speech, why he built the service, and more — As Twitter changed hands at the end of October, another very similar social media site was experiencing something of an influx.| Nico Grant / New York Times: |
Ahead of the US midterms, researchers say that YouTube, which often flies under the misinformation radar, has blind spots that let false narratives slip through — The video platform said it had limited the spread of misinformation ahead of Election Day, but new research showed that false narratives continued to slip through.| Wall Street Journal: |
Sources: Meta plans to lay off thousands of employees this week, with an announcement expected as soon as November 9, the first broad staff cuts in its history — Social-media company's planned cuts expected to affect many thousands of its workforce — Meta Platforms Inc. META 2.11%increase … | Washington Post: |
Sources: Donald Trump told allies that he can't leave Truth Social for Twitter because he's propping his social network up and doesn't want the site to collapse — The former president has told his allies that he can't leave his Twitter clone because he's propping it up …
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