Techmeme
November 8, 2022, 8:30 AM

Top 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
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 …
Jonathan Vanian / CNBC:
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%.
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.
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.
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 …
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.
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.
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.
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.
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.

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Richard Lawler / The Verge: