Techmeme
November 14, 2022, 3:25 PM

Top News

Karen Weise / New York Times:
Sources: Amazon plans to cut ~10,000 corporate and tech jobs, or ~3% of its corporate staff and the largest cuts in its history, starting as soon as this week  —  The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company's devices organization, retail division and human resources.
Sam Reynolds / CoinDesk:
Binance announces a recovery fund to help “otherwise strong” crypto projects in a liquidity crisis; Tron, Huobi, and Poloniex plan to support the initiative  —  Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.
Nic Carter / CoinDesk:
The fallout from FTX's fraud-driven collapse, the worst single event ever in crypto, will linger for years and shows it's time for exchanges to prove reserves  —  Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.
Brian Fung / CNN:
Jeff Bezos says he plans to give away most of his $124B in his lifetime, but offers few specifics; critics have chided Bezos for not signing the Giving Pledge  —  Exclusive: Amazon founder Jeff Bezos says he'll give away his wealth  —  Twitter users are flocking to Mastodon.  What is it?
Richard Rushfield / The Ankler:
Source: Michael Lewis shadowed Sam Bankman-Fried for the past six months and the CAA is pitching Lewis' yet-to-be-written book on FTX's fall to Hollywood buyers  —  Author compares Sam Bankman-Fried, Binance's CZ to ‘Luke Skywalker and Darth Vader’ in email sent by CAA  —  In this issue:
Reuters:
Investigation: thousands of iOS and Android apps, including by the CDC, the US Army, the NRA, and Unilever, used Russia-based Pushwoosh's tech for notifications  —  Thousands of smartphone applications in Apple (AAPL.O) and Google's (GOOGL.O) online stores contain computer code developed …
Lora Kolodny / CNBC:
Sources and docs: Elon Musk's SpaceX spent $160K+ so far on a Twitter ad package to promote Starlink in Spain and Australia in a “takeover” of the main timeline  —  - Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …
Cecilia Kang / New York Times:
Google agrees to a record $391.5M privacy settlement with 40 state AGs over charges the company misled users into thinking they had disabled location tracking  —  Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement, Google must …
Brad Stone / Bloomberg:
Sequoia's mishandling of its 14,000-word SBF profile by journalist Adam Fischer and then deleting it served no purpose other than to embarrass everyone involved  —  A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation.  But first...
Josh Eidelson / Bloomberg:
Interviews with dozens of Apple Store employees across nine US cities show rising dissatisfaction due to increasing pressure to upsell, leading some to unionize  —  The Apple Store where you'll do some holiday shopping this year looks the same as always.  White-oak tables in neat rows welcome …
Benj Edwards / Ars Technica:
DeviantArt announces DreamUp, a text-to-image generator powered by Stable Diffusion, and plans to use its community's art for the AI training, drawing criticism  —  Confused artists discover their work will be used for AI training by default.  —  On Friday, the online art community DeviantArt …

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Casey Newton / @caseynewton:
Nikhilesh De / CoinDesk:
Molly White / Web3 is going just great: