Techmeme
November 11, 2022, 11:05 PM

Top News

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.
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.
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:
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.
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 …
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 …
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.
Sarah Lamdan / Wired:
A book excerpt details how companies like RELX and Thomson Reuters collect and sell user data, exploiting a lack of privacy laws as regulators focus on Big Tech  —  Google and Facebook's privacy violations are common knowledge.  But the decisions of a less-known company, Relx, are also impacting people's everyday lives.
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: