| Elizabeth Lopatto / The Verge: |
Twitter reactivates its gray “Official” badge for select brands and outlets, after a wave of impersonations, hoaxing, and other chaos by purchased blue checks — Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account … | Washington Post: |
Internal note: Twitter temporarily disabled signing up for Twitter Blue to “help address impersonation issues” affecting brands, politicians, and celebrities — Twitter accounts impersonating celebrities and politicians spread on the site after the company rolled out paid check marks.| Mia Sato / The Verge: |
Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others “pause activity on Twitter”, citing brand safety risk — Omnicom, one of the world's biggest ad firms, representing brands like McDonald's, Apple, and Pepsico … | New York Times: |
An internal Twitter log shows that more than 140,000 accounts had signed up for the new Twitter Blue as of November 10 — The social media service, which is undergoing changes from its new owner Elon Musk, has descended into a messy swirl of spoof messages and parody accounts.| Bloomberg: |
| MacKenzie Sigalos / CNBC: |
FTX, FTX US, Alameda Research, and ~130 affiliated companies file for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO but stays on to assist — - Sam Bankman-Fried's cryptocurrency exchange FTX has filed for bankruptcy. — Alameda Research and approximately 130 … | Zane Tackett / @tackettzane: |
| Nikhilesh De / CoinDesk: |
| New York Times: |
Interviews with 36 current and former Twitter employees and people close to the company detail the excruciating fallout of 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.| Financial Times: |
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto, backing a digital commodity bill, and testifying before congressional committees — Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats — In less than four years … | Reuters: |
Meta tells staff the company plans to exit its Portal business, wind down smartwatch projects, and says 46% of its 11K job cuts were in tech vs. 54% in business — Meta Platforms (META.O) told employees on Friday that 54% of the 11,000 jobs it cut earlier this week were business roles and the rest were in technology.| Adi Robertson / The Verge: |
Meta Quest Pro review: improved controllers but irredeemably bad software and feels like it was launched without plan or purpose, highlighting VR's drawbacks — Meta's $1,499 headset is better at showcasing VR's weaknesses than its new strengths. … Mark Zuckerberg is betting the entire future of his company on the metaverse.| Sage D. Young / CoinDesk: |
Crypto.com shares its wallet addresses with Nansen to create a dashboard of ~$3B in assets, showing ~20% are in Shiba Inu, more than ETH's ~17%; ~30% are in BTC — As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com's reserves … | Louise Matsakis / Semafor: |
TikTok quietly started testing its livestreaming e-commerce feature TikTok Shop in the US this week; source: TikTok invited select US businesses to participate — TikTok quietly entered the United States e-commerce market this week, where it will compete with Amazon and other retail giants during the coming holiday shopping season.
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| Jason Del Rey / Vox: |