Techmeme
November 11, 2022, 9:25 AM

Top News

Sam Bankman-Fried / @sbf_ftx:
Nikhilesh De / CoinDesk:
Nikhilesh De / CoinDesk:
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can't operate normally amid “lack of clarity” around FTX  —  BlockFi had made a deal with FTX earlier this year.  —  Crypto Lender BlockFi said it could not conduct business …
Bloomberg:
Zane Tackett / @tackettzane:
Wall Street Journal:
Alex Heath / The Verge:
Sources: Twitter's chief privacy officer, CISO, and chief compliance officer have resigned; legal now asks engineers to “self-certify” compliance with FTC rules  —  Twitter's privacy and security teams are in turmoil after Elon Musk's changes to the service bypassed its standard data governance processes.
New York Times:
Interviews with 36 current and former Twitter employees detail the excruciating chaos during Elon Musk's first two weeks in charge  —  Mr. Musk ordered immediate layoffs, fired executives by email, laid down product deadlines and has transformed the company.
Bloomberg:
Elizabeth Lopatto / The Verge:
Twitter reactivates its gray “Official” badge for select high-profile accounts, after a wave of impersonators bought blue checks  —  Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account had provided information …
James Vincent / The Verge:
Taylor Hatmaker / TechCrunch:
Financial Times:
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto regulation, proposing bills, and testifying to Congress before FTX collapsed  —  Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats  —  In less than four years …
Tracy Wang / CoinDesk:
Current and former FTX and Alameda staff describe rampant conflicts of interest, nepotism, and a lack of oversight while SBF ran the companies with housemates  —  “The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.
Jason Del Rey / Vox:
How Amazon's shopping experience, saturated with sponsored products, impacts sellers and consumers, as its ad revenue surpassed revenue from Prime in 2022  —  Inside the under-the-radar business that makes more money than Amazon Prime.  —  Type any random product into Amazon's search bar and look closely at the results.
Erin Woo / The Information:
Sources: at an all-hands, Elon Musk told staff that Twitter may have a “net negative cash flow” of billions in 2023 and “bankruptcy is not out of the question”  —  Elon Musk told Twitter employees on Thursday the company may have a “net negative cash flow of several billion dollars” …
The Verge:

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