Techmeme
November 7, 2022, 9:00 PM

Top News

Andrew Rummer / The Block:
FTX CEO Sam Bankman-Fried says “FTX is fine” as Binance begins selling FTX's FTT token; an Alameda balance sheet leaked on November 2 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 …
Alex Heath / The Verge:
Source: Twitter is telling advertisers the site added 15M+ mDAUs since the end of Q2, “crossing the quarter billion mark”; Musk also tweeted user numbers are up  —  Twitter's daily user growth hit “all-time highs” during the first full week of Elon Musk owning the platform …
Jonathan Vanian / CNBC:
Oliver Knight / CoinDesk:
The US DOJ seized 50,676 bitcoins in November 2021, now worth ~$1B, from James Zhong, who pled guilty to wire fraud for taking the coins from 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.
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.
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 …
Andrew Hayward / Decrypt:
Some NFT marketplaces stop honoring NFT royalties, usually a 5%-10% fee set by the creator and paid by sellers on secondary market sales, rocking the community  —  Creators sound the alarm after the marketplace reveals its plans, which include blacklisting rivals and potentially optional royalties.
Dean Takahashi / VentureBeat:
Activision Blizzard reports Q3 net bookings down 3% YoY to $1.83B vs. $1.7B est., and MAUs down 6% YoY to 368M; Modern Warfare II made $1B+ in its first 10 days  —  Activision Blizzard reported that its bookings for the third quarter ended September 30 fell 3% to $1.83 billion compared to a year ago.
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
Aisha Malik / TechCrunch:
End-to-end encrypted messaging app Signal launches its Stories feature out of beta on Android and iOS; users' Stories will automatically expire after 24 hours  —  End-to-end encrypted messaging app Signal is rolling out a new Stories feature to all users on Android and iOS, the company announced on Monday.
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.

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Earlier Picks

Sankalp Phartiyal / Bloomberg:
Billy Perrigo / TIME:
Richard Lawler / The Verge: