Techmeme
November 7, 2022, 3:45 PM

Top News

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 seized 50,676 bitcoins in 2021, now worth ~$1B, from James Zhong, who pled guilty to wire fraud for taking the coins from the Silk Road in 2012  —  The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they're worth $1.04 billion.
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
Richard Lawler / The Verge:
Bloomberg:
Sources: Apple expects to produce at least 3M fewer iPhone 14 units than originally anticipated in 2022, aiming to make 87M or fewer mainly 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.
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 …
Steven Lee Myers / New York Times:
Research: Russia reactivated its trolls and bots on Gab, Parler, Getter, and other platforms, seeking to influence the US midterms and erode support for Ukraine  —  Researchers have identified a series of Russian information operations to influence American elections and, perhaps, erode support for Ukraine.
David Pierce / The Verge:
An interview with YouTube Shorts Director of Product Management Todd Sherman on UI challenges as YouTube rolls out the TikTok competitor to its TV apps  —  YouTube Shorts is working.  That much Todd Sherman knows for sure.  Sherman, the product manager behind YouTube's endless-scrolling …
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.
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 …
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 …

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