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November 17, 2022, 9:05 PM
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| The Verge: |
Hundreds of Twitter employees post farewell messages and salute emojis in Slack and tweets, announcing their resignations after Elon Musk's “hardcore” ultimatum — Musk gave Twitter staff a deadline to say if they are staying for his cultural reset of the company.
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Washington Post, New York Times, Reuters, AppleInsider, MacRumors, Engadget, Insider, CNBC, Mercury News, Forbes, Fortune, IGN, BGR, Sky News, and SlashGear
Tweets: @kyliebytes, @alexeheath, @alexeheath, @alexeheath, @brainiaq2000, @nitashatiku, @zoeschiffer, @tweetsbyparker, @rmac18, @kyliebytes, @alexeheath, @zoeschiffer, @sacca, @carnage4life, @alexeheath, @denise_dewald, @jbarro, @aoc, @espiers, @parkermolloy, @chrisalbon, @cwarzel, @patrick_wyman, @joannastern, @gergelyorosz, @aodhan, @satanjeev, @sarahfrier, and @elibelly
| AJ McDougall / The Daily Beast: |
Sources: Twitter has disabled badge access and shut down its offices until November 21, after a large number of employees chose to resign on Thursday — The temporary closure of the company's offices comes as the billionaire is reportedly “terrified employees are going to sabotage the company.”
More:
The Information, Insider, and The Verge
Tweets: @zoeschiffer, @zoeschiffer, @anothercohen, @esqueer_, @paulskallas, @minimaxir, and @minimaxir
| 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, USA Today, Livemint, Engadget, Fortune, CNBC, and The Information
Tweets: @gergelyorosz, @daveyalba, @gergelyorosz, @topolk, @carlquintanilla, @erinkwoo, @conorsen, @summerson, @davepell, @pt, @biancoresearch, and @daveyalba
| 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, CNBC, New York Times, Reuters, Attack of the 50 Foot …, Protos, Axios, Forbes, Bankruptcy Court for the District of Delaware, Reuters, Securities Commission of The Bahamas, Associated Press, CNBC, Financial Times, crypto.news, The Guardian, Fortune, Semafor, TIME, CNBC, Financial Times, WRAL TechWire, BBC, NewsBTC, VICE, CNET, Observer, SiliconANGLE, Bitcoinist.com, Chicago Tribune, and Crypto Briefing
Tweets: @kadhim, @kadhim, @kadhim, @dogetoshi, @deitaone, @wassielawyer, @kadhim, @kadhim, @zerohedge, @tadleer, @ftx_official, @suzhupercycle, @ncweaver, @tracyalloway, @balajis, @business, @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, and @ldrogen
| 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:
The Block, CoinDesk, Gizmodo, Cointelegraph, Semafor, crypto.news, CNBC, CoinDesk, Decrypt, Watcher Guru, and CNBC
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, and @silviakillings
| 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) … | 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| 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, Livemint, Silicon Valley Business …, SiliconANGLE, Insider, Barron's Online, CNN, GeekWire, Reuters, Bloomberg, The Verge, CNN, BGR, MarketWatch, and MobileSyrup
Tweets: @kyweise, @delrey, @annierpalmer, and @kantrowitz
| 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, Rolling Stone, Gizmodo, Ars Technica, Daily Mail, The Wrap, Engadget, SiliconANGLE, The Daily Caller, CNBC, FB DIsabled Me, PetaPixel, and The Verge
Tweets: @rywiggs, @ariehkovler, @mmasnick, @jmover, @fabiochiusi, @tonyajoriley, @tonyromm, @jason_kint, @seyitaylor, @samschech, and @dnvolz. Thanks:@sal19
| 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 … | 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, Social Media Today, Engadget, TechSpot, and CNET
Tweets: @mattnavarra, @caseynewton, @thedylanhafer, and @blakersdozen
| 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 … | 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, Adweek, PYMNTS.com, Social Media Today, TechCrunch, MSPoweruser, and Engadget
Tweets: @metanewsroom, @nickclegg, and @iansherr
| 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
| 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, Heritage Foundation, CyberScoop, Associated Press, Technical.ly, and Politico
| 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 Daily Beast, CNN, Cointelegraph, The Block, Payments Dive, and The Block
Tweets: @concodanomics, @cgasparino, @adamscochran, @robblackwellab, @sentoomey, @senwarren, @mikemadden, @zachary, @hshaban, @matthewstoller, @adamscochran, @johnedeaton1, @rwpusa, @nkulw, @jenniferisms, @tonyromm, @tonyromm, @cryptolawus, @sambrodey, @zachary, @tonyromm, @adamscochran, and @jason_howerton
| 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.| 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, Consumer Reports, GovTech, and Protocol
Tweets: @mikeddano, @meghann, @russellbrandom, and @karlbode
| 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
| 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:
The Information and crypto.news
| Annie Palmer / CNBC: |
Docs: Amazon offers some staff “voluntary severance” to cut costs beyond its layoffs; staff must resign by November 29 and their last day would be December 23 — - Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
More:
Wall Street Journal and Gizmodo
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