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November 17, 2022, 7:15 PM
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| Jack Schickler / CoinDesk: |
Filings: FTX CEO John Ray III, who ran Enron's bankruptcy process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls” — The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
More:
Bankruptcy Court for the District of Delaware, Gizmodo, CNBC, Reuters, Attack of the 50 Foot …, Protos, Reuters, Axios, Financial Times, Associated Press, CNBC, TechCrunch, Financial Times, Bankruptcy Court for the District of Delaware, Barron's Online, Fortune, New York Times, crypto.news, Semafor, TIME, CNBC, Chicago Tribune, Observer, BBC, WRAL TechWire, NewsBTC, Bloomberg, Cointelegraph, Wall Street Journal, The Block, The Guardian, Decrypt, New York Post, VICE, CNET, SiliconANGLE, Bitcoinist.com, Insider, Crypto Briefing, MarketWatch, and Blockworks
Tweets: @kadhim, @kadhim, @kadhim, @dogetoshi, @deitaone, @wassielawyer, @kadhim, @kadhim, @zerohedge, @tadleer, @ftx_official, @suzhupercycle, @business, @tracyalloway, @balajis, @kadhim, @kadhim, @kadhim, @kadhim, @dingalingts, @punk6529, @robaeprice, @simondixontwitt, @turnernovak, @tree_of_alpha, @hedgedhog7, @sindap, @nathantankus, @ne0liberal, @dylanleclair_, @danbarker, @smtuffy, @newmoneyreview, @gazthejourno, @bondhack, @sherlock_hodles, @lizrhoffman, @coloradotravis, @rnr_0, @jyarow, @chris_stewart_5, @rleshner, @investmentshulk, @beijingpalmer, @0xgaut, @mayazi, @apolynya, @fmanjoo, @z0r0zzz, @coloradotravis, @thetranscript_, @simondixontwitt, @scottmelker, @ldrogen, @flglmn, @kaileyleinz, @shaneferro, @ceterispar1bus, @mattyglesias, @spencerjakab, @jonwu_, @martiniguyyt, @stackersatoshi, @mayazi, @dogetoshi, @robinsreport, @gaborgurbacs, @twobitidiot, @matthew_pines, @mikeburgersburg, @ichimikichiki, @jp_koning, @tina_davis, @coloradotravis, @adamscochran, @anthony, @bennetttomlin, @opinion, @hsakatrades, @4xinsight, @firstadopter, @jamesrbuk, @jeffnolan, @croesus_btc, @lawmaster, @noteezzy, @cryptoub, @nic__carter, @0xngmi, @ldrogen, @dogetoshi, @jonwu_, @jessicalessin, @ugarles, @iansherr, @hsakatrades, and @literaryeric
| Tracy Alloway / Bloomberg: |
The wildest parts of FTX's bankruptcy filing: its token holdings are worth $659K, Alameda loaned SBF $3.3B, SBF auto-deleted messages about decisions, and more — Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
More:
Cointelegraph, crypto.news, Semafor, CNBC, CoinDesk, Decrypt, Watcher Guru, CNBC, TheStreet, and CoinDesk
Tweets: @grdecter, @grdecter, @wublockchain, @adamscochran, @apedurden, @collins_belton, @mideastxmidwest, @zerohedge, @jessicakmathews, @zerohedge, @asvanevik, @apompliano, @hsakatrades, @stephanie_murr, @alice_fulwood, @pizzawanchovies, @grdecter, @alice_comfy, @basedkarbon, @venturecoinist, @s_m_i, @adamscochran, @0xdoug, @stackersatoshi, @shannonpareil, @tomgara, @meattc_, @whet, @tomgara, @saylor, @coinmamba, @0xdoug, @ericwallerstein, @jamespmcleod, @lilmoonlambo, @apompliano, @apedurden, @crypto_joe10, @ericwallerstein, @tomgara, @stackersatoshi, @toraykortan, @ttmygh, @josephpolitano, @asvanevik, @halocrypto, @crypto_joe10, @venturecoinist, @s_m_i, @peterschiff, @thestalwart, @alice_comfy, @toptickcrypto, @wublockchain, @alice_fulwood, @silviakillings, @crypto_joe10, and @thestalwart
| Bloomberg: |
Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline — Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company's new “hardcore” work environment or leave.
More:
The Verge, Wall Street Journal, Washington Post, Engadget, The Information, Fortune, CNN, and CNBC
Tweets: @gergelyorosz, @gergelyorosz, @daveyalba, @satanjeev, @sarahfrier, @zoeschiffer, @elibelly, @pt, @davepell, @conorsen, @biancoresearch, @summerson, @daveyalba, @erinkwoo, and @mmasnick
| Wall Street Journal: |
Sources: Meta has fired or disciplined over 24 employees and contractors over the past year for allegedly taking over user accounts, in some cases for bribes — Some workers allegedly accepted thousands of dollars in bribes — Meta Platforms Inc. META -2.31%decrease …
More:
Insider, Gizmodo, Ars Technica, Rolling Stone, Daily Mail, The Wrap, SiliconANGLE, The Daily Caller, Engadget, TechSpot, FB DIsabled Me, CNBC, Neowin, PetaPixel, and The Verge
Tweets: @mmasnick, @jmover, @fabiochiusi, @tonyajoriley, @tonyromm, @jason_kint, @seyitaylor, @samschech, @dnvolz, and @addedvalueth. Thanks:@sal19
| Annie Palmer / CNBC: |
Amazon CEO Andy Jassy says the layoffs will continue into 2023, after the company cut roles across its Devices and Books businesses on Wednesday — KEY POINTS — Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday.
More:
About Amazon, SiliconANGLE, Seattle Business Journal, Barron's Online, GeekWire, CNN, Bloomberg, The Verge, Reuters, CNN, MarketWatch, and MobileSyrup
Tweets: @kyweise, @delrey, @annierpalmer, @kantrowitz, and @kantrowitz
| Thomas Germain / Gizmodo: |
Facebook plans to remove religious views, political views, addresses, and “Interested in”, which indicates sexual preference, from user profiles on December 1 — The update to the world's biggest social network will prevent you from broadcasting certain details in your bio, a farewell to the early days of social media.
More:
TechCrunch, Insider, Engadget, TechSpot, and CNET
Tweets: @mattnavarra, @caseynewton, @thedylanhafer, and @blakersdozen
| Financial Times: |
Analysis: Masayoshi Son personally owes SoftBank close to $5B due to its growing losses; his stake in the Vision Fund 2 is worthless, down from $2.8B in 2021 — Market crash also wipes out value of Japanese founder's stake in second Vision Fund — Masayoshi Son personally owes SoftBank close …
Tweets: @bondhack and @carlquintanilla
| Tony Romm / Washington Post: |
Congress, slow to pass legislation and offer clear regulations on crypto, wakes up to FTX's collapse as lawmakers wonder if they could have prevented the crisis — The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
More:
The Block, Cointelegraph, The Daily Beast, Crypto Briefing, CNN, Politico, The Block, Payments Dive, and The Block
Tweets: @concodanomics, @cgasparino, @adamscochran, @robblackwellab, @sentoomey, @sambrodey, @crewcrew, @senwarren, @mikemadden, @zachary, @hshaban, @matthewstoller, @adamscochran, @johnedeaton1, @rwpusa, @nkulw, @jenniferisms, @tonyromm, @tonyromm, @cryptolawus, @zachary, @tonyromm, @adamscochran, @jason_howerton, and @jordanschachtel
| Mitchell Clark / The Verge: |
An update to the About Twitter Blue page shows accounts less than 90 days old won't be able to sign up when the service relaunch, presumably on November 29 — Twitter won't let accounts less than 90 days old sign up for its Blue subscription service when it relaunches (presumably on the 29th) …
More:
BuzzFeed News, 9to5Mac, and SlashGear
Tweets: @stokel, @moorehn, @mattnavarra, @4evrmalone, and @tim_stevens
| Jon Porter / The Verge: |
Meta launches its company directory on WhatsApp's Business Platform in Brazil, the UK, Indonesia, Mexico, and Colombia after a September 2021 pilot in São Paulo — WhatsApp is officially launching a new business directory feature across Brazil, the UK, Indonesia, Mexico, and Colombia.
More:
Meta, PYMNTS.com, Adweek, Social Media Today, TechCrunch, MSPoweruser, Engadget, and Quartz
Tweets: @metanewsroom, @nickclegg, and @iansherr
| Aisha Malik / TechCrunch: |
Google announces updates to Search, to help users find dishes near them, Maps, with an expanded Live View, and Shopping, adding AR tools for makeup matching — Google announced today that it's introducing a slew of new Maps, Search and Shopping features. The company revealed majority … | Mack DeGeurin / Gizmodo: |
US House Select Subcommittee investigation: ID.me made “baseless claims” of COVID-19 unemployment fraud “to increase demand” for its ID verification services — A seven month-long investigation accuses the biometric firm of providing misleading figures …
More:
Bloomberg, PYMNTS.com, CyberScoop, Heritage Foundation, Associated Press, Technical.ly, and Politico
| Casey Newton / Platformer: |
A Twitter HQ seating chart shows Elon Musk's top five special projects: Blue verified, Blue for business, encrypted DMs, tips on tweets, and longform notes — After demanding the remaining Twitter employees pledge their loyalty, Musk's product priorities are coming into focus — I. Extremely hardcore
More:
Forbes, Sky News, and Twitter is Going Great!
Tweets: @caseynewton, @zoeschiffer, @mattnavarra, @carnage4life, and @strngwys
| Kris Holt / Engadget: |
Microsoft rolls out Discord voice chat integration to all Xbox users after an Insiders test; PlayStation will reportedly get deeper Discord integration in 2023 — Microsoft is now rolling out the Xbox November update, which includes a heap of useful features.
More:
Xbox Wire, XDA Developers, GameSpot, KnowTechie, OnMSFT.com, and Mashable
| Russell Brandom / The Verge: |
An analysis of 22K US broadband bills shows issues like a higher average cost than in Europe at ~$75/month, most have no carrier choice, bogus charges, and more — The Verge and Consumer Reports collected 22,000 internet bills to find out how Americans are getting online. They paint an ugly picture.
More:
Washington Post, CR Advocacy, GovTech, Consumer Reports, and Protocol
Tweets: @meghann, @russellbrandom, @karlbode, and @mollymckew
| Sam Goldfarb / Wall Street Journal: |
Coinbase's stock is down ~80% in 2022, shrinking its market cap from $81B at its IPO to ~$11B, as the broader crypto market drops and investors lose confidence — Prices of exchange's bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin
Tweets: @nina_trentmann and @jessefelder
| Jon Victor / The Information: |
Sources: in May 2022, Google asked managers to categorize 6% of employees, or ~10,000 people, as low performers under its new review system, up from 2% before — As layoffs spread across Silicon Valley, Google has stood out by not cutting employees so far.
Tweets: @joshuaogundu, @jessicalessin, and @aparanjape
| Aisha Malik / TechCrunch: |
TikTok begins testing its research API, announced in July, with members of its Content and Safety Advisory Councils, and is working on a content moderation API — Earlier this year, TikTok announced that it's developing a research API to improve access to public and anonymized data about content and activity on its app.| The Information: |
Source: Ella Irwin, Twitter's VP of product focused on health and services since June 2022, will be the new head of trust and safety, replacing Yoel Roth — Twitter executive Ella Irwin will take over as the head of trust and safety, replacing Yoel Roth, a well-known executive who resigned …
Tweets: @mshannahmurphy
| Adam Cochran / @adamscochran: |
[Thread] A timeline of FTX's meltdown, starting from September 30: SBF's jab at CZ, CoinDesk's article, CZ sells FTT, “FTX is fine”, Alameda woes, and more — 1/82 I'll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind. This was a crime plain and simple and I'll put no more wind in this criminals sails: FTX: Meltdown. The definitive and chronological thread.
More:
crypto.news, The Information, and TheStreet
| Reuters: |
Sources: SoftBank sells a 4.5% stake in Paytm, or 29.35M shares, for $200M, causing Paytm stock to drop 10%+; Vision Fund was Paytm's second-largest shareholder — SoftBank Group Corp (9984.T) on Thursday sold a 4.5% stake in Indian digital payments giant Paytm (PAYT.NS) … | Bloomberg: |
NetEase and Blizzard plan to end their 14-year partnership after January 2023, leaving Chinese players' access to games like Warcraft and Overwatch in question — NetEase Inc. and Blizzard Entertainment Inc. plan to end their 14-year partnership after January, depriving the Chinese firm …
More:
LinkedIn, Reuters, Blizzard Entertainment, Game Developer, International Business Times, GamesIndustry.biz, New York Times, Wall Street Journal, Tech Xplore, CNBC, TechCrunch, GSMArena.com, GameSpot, Pandaily, Windows Central, Gameranx, BBC, TechSpot, Kotaku, SlashGear, Forbes, Destructoid, ZDNet, Rock, Paper, Shotgun, VICE, IGN, Gizchina, TrueAchievements, and Appuals.com
Tweets: @tomwarren, @byron_wan, @wario64, @tomwarren, @overwatchcaval, @ritacyliao, and @jeffgrubb
| Mike Wheatley / SiliconANGLE: |
Astera Labs, a fabless semiconductor startup that offers system-aware integrated circuits, boards, and services, raised a $150M Series D at a $3.15B valuation — Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round …
More:
Silicon Valley Business … and Crunchbase News
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