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November 8, 2022, 8:30 AM
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memeorandum
WeSmirchTop News
| Casey Newton / Platformer: |
Sources: Elon Musk pitched charging most or all Twitter users for a subscription; internal estimates show Blue could lose the company ~$6/user/month in the US — Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
More:
Gizmodo, Vox, Insider, ExchangeWire.com, Pocket-lint, Marques Brownlee on YouTube, TheGamer, International Business Times, and SlashGear
Tweets: @caseynewton, @nickstatt, @zoeschiffer, @ow, @clarajeffery, @shaun_vids, @eliothiggins, @theinnersunset, @oo_ngi, @tszzl, @schizoidfujo, @paultassi, @q_review, @nberlat, @arossp, @therealhoarse, @jayrosen_nyu, @alexandraerin, @libbycwatson, @guslivesagain, @kevinriggle, @oneunderscore__, @bobbybigwheel, @hyperplanes, @jordanuhl, @joshtpm, @jmpsimor, @theashrb, @pati_gallardo, @jrhennessy, @bigdirtyfry, @mat, @ashleylatke, @byajperez, @soledadobrien, @tomaxwell, @greg_doucette, @waywardwinifred, @maxkennerly, @bydavidgardner, @michaeldweiss, @carnage4life, @rothschildmd, @chuckwendig, and @davidcorndc
| Alex Heath / The Verge: |
Source: Twitter tells advertisers the service 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 …
More:
TechCrunch, ZDNet, Financial Times, iMore, Livemint, Marketing Brew, SlashGear, Observer, Mashable, TechCircle, and The Economic Times
| Jonathan Vanian / CNBC: |
Early Twitter investor Chris Sacca says Elon Musk is “alone right now and winging this” and needs people around him willing to “speak some truth to power” — - Venture capitalist Chris Sacca was one of Twitter's first investors and an early user.
More:
The Atlantic, Insider, Fortune, and Webb Chatham Report
| Sam Reynolds / CoinDesk: |
FTX's FTT drops 20%+ to ~$18 as investors fear possible contagion from the collapse of FTX-linked Alameda; Nansen shows FTX outflows reached $450M+ — FTT has declined nearly 20% over the course of an hour, with Solana's SOL down 17% and Serum's SRM off 10%.
More:
BitDAO, CNBC, The Block, CoinDesk, Decrypt, Bloomberg, Reuters, crypto.news, Australian Financial Review, Ethereum World News, Coinpedia Fintech News, CryptoPotato, Bitcoin Magazine PRO, Quartz, Coinspeaker, Wccftech, Bloomberg, MarketWatch, Blockchain News, CoinDesk, CryptoSlate, NewsBTC, The Block, Inside Bitcoins, Cryptonews, CoinGape, CoinDesk, The Unhedged Capitalist, and Cryptopolitan
Tweets: @carolinecapital, @benbybit, @lookonchain, @claritytoast, @cz_binance, @mayazi, @cumberlandsays, @cumberlandsays, @cryptomanran, @inmortalcrypto, @vetlelunde, @galois_capital, @damedoteth, @0xboccaccio, @wublockchain, @garyblack00, @vetlelunde, @bull_bnb, @cryptodonalt, @wublockchain, @algodtrading, @teddycleps, @wassielawyer, @gainzy222, @hsakatrades, @tarunchitra, @degenspartan, @emperorbtc, @mikeburgersburg, @milesdeutscher, @thecryptolark, @fintechfrank, @wizardofsoho, @kacjons, @enjoyoor, @cobie, @cobie, @cobie, @whale_alert, @coloradotravis, @fintechfrank, @bitbitcrypto, @laurashin, @nekoztek, @excellion, @ctolarsson, @whale_alert, @degenspartan, @aureliusbtc, @bneiluj, @algodtrading, @ashcryptoreal, @wholemarsblog, @sheldon_sniper, @s1lverboxthor, @cryptocronkite, @frxresearch, @byzgeneral, @matthewhyland_, @julianhosp, @adamscochran, @cryptoharry_, @cryptocevo, @whale_alert, @hsakatrades, @asvanevik, @dylanleclair_, and @wublockchain
| 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.
More:
CoinDesk, Bloomberg, Finbold, Decrypt, Cryptonews, Coinspeaker, CryptoSlate, Forbes, CoinGape, Blockchain News, CoinGeek, crypto.news, The Daily Hodl, and Ethereum World News
Tweets: @cz_binance, @sbf_ftx, @carolinecapital, @ftx_official, @cz_binance, @starokg, @sbf_ftx, @sbf_ftx, @sbf_ftx, @sbf_ftx, @milesdeutscher, @heyibinance, @hsakatrades, @ki_young_ju, @sbf_ftx, @raoulgmi, @autismcapital, @asvanevik, @coinmamba, @asvanevik, @timccopeland, @cz_binance, @samuelalpha77, @asvanevik, @johnreedstark, @dystopiabreaker, @jimcramer, @cz_binance, and @emilyjnicolle
| Jane Lanhee Lee / Reuters: |
Nvidia offers Chinese customers the A800 GPU, which the company says meets US export control rules, as an alternative to the A100 that the US banned for export — U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed … | Financial Times: |
Analysis: Apple's profits surpass China's tech giants, boosted by US chip sanctions and its deal with Beijing, which helps the company evade the tech crackdown — The most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.
More:
New York Times, 9to5Mac, and Philip Elmer‑DeWitt
| Ryan Mac / New York Times: |
As Twitter's problems mount, Elon Musk is on pace to tweet over 750 times in November, or more than 25 times a day, up from around 13 per day in April — The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions. — Ryan Mac, who is based in Los Angeles …
More:
Wired. Tweets: @meslackman, @tuviae, @aaschapiro, @trippmickle, @tigerbeat, @laurenshirsch, and @rmac18
| Takashi Mochizuki / Bloomberg: |
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results — Nintendo Co. cut its fiscal-year forecast for Switch console sales by 10% to 19 million after reporting earnings in line with expectations.
More:
Nintendo Investor Relations, Game Developer, Engadget, Destructoid, RTÉ, Wccftech, Nintendo World Report Updates, Video Games Chronicle, Tech Xplore, and GoNintendo
Tweets: @andresegers, @6d6f636869, and @6d6f636869
| 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.
More:
U.S. Department of Justice, Ars Technica, Protocol, Decrypt, BBC, Wired, MUO, CNBC, Coinspeaker, Infosecurity, Bitcoin News, CoinGeek, Cryptonews, Security Affairs, and Newser
| 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.
More:
Web3 for the Culture, Pandaily, and Cryptopolitan
| Joseph Menn / Washington Post: |
An investigation shows TrustCor Systems, used by Chrome, Safari, and Firefox as a root certificate authority, has connections to US intel and law enforcement — TrustCor Systems vouches for the legitimacy of websites. But its physical address is a UPS Store in Toronto.
Tweets: @pauldokas, @v0max, @v0max, @v0max, and @v0max
| Jason Schreier / Bloomberg: |
Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+ — Take-Two Interactive Software Inc. reduced its annual forecast for net bookings in the wake of an industrywide spending slowdown, particularly in mobile gaming.
More:
Video Games Chronicle, Business Wire, Gameranx, GamesIndustry.biz, Game Rant, and PC Gamer
| Aisha Malik / TechCrunch: |
Signal launches its Stories feature out of beta on Android and iOS, letting users share Stories that 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.
More:
Signal Blog, Engadget, MUO, and SamMobile
Tweets: @signalapp, @signalapp, @navalang, @chronotope, @kaepora, @popey, @mer__edith, @tante, @cubicleapril, @tehabe, and @caseyho
| Andrew J. Hawkins / The Verge: |
Google and Renault expand their four-year partnership to develop a “software-defined vehicle” based on Google's Android Automotive OS — This “software-defined vehicle” will be built on Google's Android Automotive operating system and send data to the company's cloud servers for processing, the companies announced.
More:
PYMNTS.com, Tech Monitor, Google Inc., Engadget, 9to5Google, XDA Developers, Reuters, CNBC, T3, Bloomberg, Barron's Online, and ComputerWeekly.com
| Samuel K. Moore / IEEE Spectrum: |
Intel, Samsung, TSMC, and 62 other companies form the Semiconductor Climate Consortium to cut greenhouse gas emissions “throughout the electronics value chain” — At this week's COP27 climate conference in Egypt, attendees will have a new group to contend with … Sponsor Posts
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