| Karen Weise / New York Times: |
Sources: Amazon plans to lay off ~10,000 people in corporate and tech jobs, or ~3% of its corporate staff, as soon as this week, the largest cuts in its history — 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” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance — Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.| Nic Carter / CoinDesk: |
FTX's horrific collapse, the worst single event ever in crypto, will linger for years and shows why the industry needs to get serious about proving 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 the majority of his $124B net worth, but offers few specifics; Bezos has been criticized 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 CAA is pitching Lewis' yet-to-be-written book on FTX's collapse 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: |
An investigation finds thousands of iOS and Android apps, including from the CDC and US Army, used Russia-based tech company Pushwoosh's code 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 orders a large Twitter ad package, promoting Starlink in a “takeover” in Spain and Australia that can cost $250K+ per day — - Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter … | Brad Stone / Bloomberg: |
Sequoia's 14,000-word SBF profile by journalist Adam Fischer was mishandled and, since being deleted, has served no purpose other than to embarrass the firm — 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 in nine US cities show rising dissatisfaction thanks 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 … | Cecilia Kang / New York Times: |
Google agrees to a record $391.5M privacy settlement with a coalition of 40 state AGs over charges it misled users into thinking they disabled location tracking — Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement … | Benj Edwards / Ars Technica: |
DeviantArt announces DreamUp, a text-to-image generator based on Stable Diffusion, drawing intense criticism from its artist community — Confused artists discover their work will be used for AI training by default. — On Friday, the online art community DeviantArt announced DreamUp … | Andrew Asmakov / Decrypt: |
Binance plans to implement a new Proof-of-Reserves protocol developed by Ethereum co-founder Vitalik Buterin after sharing a snapshot of its wallets last week — As the FTX collapse highlighted the urgency for more transparency among crypto exchanges, Chanpeng “CZ” Zhao said Binance is working …
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| Nikhilesh De / CoinDesk: |
| Molly White / Web3 is going just great: |