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November 17, 2022, 3:50 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.
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Bankruptcy Court for the District of Delaware, Protos, CNBC, TechCrunch, Axios, Decrypt, Associated Press, SiliconANGLE, Financial Times, Associated Press, Financial Times, Chicago Tribune, Crypto Briefing, WRAL TechWire, New York Post, The Daily Hodl, CNET, Observer, The Guardian, CNBC, Barron's Online, Semafor, VICE, NewsBTC, Bloomberg, New York Times, Cointelegraph, Wall Street Journal, The Block, Decrypt, and Insider
Tweets: @kadhim, @kadhim, @kadhim, @dogetoshi, @deitaone, @wassielawyer, @kadhim, @kadhim, @zerohedge, @tadleer, @suzhupercycle, @balajis, @punk6529, @ftx_official, @tracyalloway, @jessicalessin, @croesus_btc, @ldrogen, @ldrogen, @kadhim, @kadhim, @kadhim, @kadhim, @dingalingts, @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, @flglmn, @kaileyleinz, @shaneferro, @ceterispar1bus, @mattyglesias, @spencerjakab, @jonwu_, @martiniguyyt, @stackersatoshi, @mayazi, @dogetoshi, @robinsreport, @gaborgurbacs, @twobitidiot, @matthew_pines, @mikeburgersburg, @ichimikichiki, @jp_koning, @tina_davis, @coloradotravis, and @adamscochran
| 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 …
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The Verge, Cointelegraph, CoinDesk, CNBC, TechCrunch, Semafor, CoinDesk, Watcher Guru, CNBC, CoinDesk, Decrypt, and TheStreet
Tweets: @grdecter, @silviakillings, @wublockchain, @adamscochran, @grdecter, @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, and @s_m_i
| Kelsey Piper / Vox: |
A chat via DM with SBF on why regulators “make everything worse”, FTX's and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more — The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
More:
Attack of the 50 Foot …, TheStreet, Bloomberg, Wall Street Journal, New York Post, BBC, Washington Post, CNBC, Protocol, CoinDesk, Gizmodo, The Daily Hodl, Finextra, Watcher Guru, Inside Bitcoins, Axios, New York Times, Financial Times, CoinGape, Insider, Bitcoin News, PYMNTS.com, and Bitcoinist.com
Tweets: @sbf_ftx, @davidsacks, @ftx_official, @elonmusk, @ftx_official, @dylanmatt, @sbf_ftx, @sbf_ftx, @sbf_ftx, @autismcapital, @sama, @sbf_ftx, @krugermacro, @hsakatrades, @unusual_whales, @s_r_constantin, @autismcapital, @quantian1, @parismartineau, @ftx_official, @zackbeauchamp, @kadhim, @albrgr, @balajis, @unusual_whales, @kadhim, @zeeshanaleem, @autismcapital, @trungtphan, @kimdotcom, @biancoresearch, @obsoletedogma, @vusithembekwayo, @mattzeitlin, @cryptokaleo, @nickatfp, @vivekgramaswamy, @stoolpresidente, @simondixontwitt, @mrjasonchoi, @jonathanvswan, @chainlinkgod, @lemieuxlgm, @wholemarsblog, @jason_howerton, @lilmoonlambo, @jespow, @shellenbergermd, @simondixontwitt, @timnitgebru, @pebonilla, @netcapgirl, @samharrisorg, @kashhill, @justinwolfers, @wupton, @cobie, @coffeebreak_yt, and @modestproposal1
| Adam Cochran / @adamscochran: |
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The Information and TheStreet
Tweets: @basedkarbon, @kadhim, @doombergt, @adamscochran, @adamscochran, @benedictspence, @adamscochran, @adamscochran, @loopifyyy, and @rockshrimp
| 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:
Engadget, Neowin, The Verge, PetaPixel, and CNBC
Tweets: @mattnavarra, @jmover, @fabiochiusi, @tonyajoriley, @tonyromm, @jason_kint, @seyitaylor, and @samschech. Thanks:@sal19
| 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, The Block, Payments Dive, The Block, The Block, The Daily Beast, Politico, CNN, Reuters, and Coinspeaker
Tweets: @concodanomics, @cgasparino, @adamscochran, @robblackwellab, @sentoomey, @mikemadden, @matthewstoller, @smtuffy, @zachary, @hshaban, @matthewstoller, @senwarren, @adamscochran, @repyoungkim, @johnedeaton1, @rwpusa, @nkulw, @jenniferisms, @tonyromm, @tonyromm, @cryptolawus, @zachary, and @tonyromm
| 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, Engadget, CNET, Insider, and Benzinga
Tweets: @mattnavarra, @caseynewton, and @blakersdozen
| 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 and 9to5Mac
Tweets: @tim_stevens, @moorehn, @4evrmalone, @mattnavarra, and @stokel
| 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, Mashable, and Pocket-lint
Tweets: @xbox and @klobrille
| 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 …
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LinkedIn, Washington Post, Reuters, Blizzard Entertainment, Game Developer, ZDNet, GamesIndustry.biz, Windows Central, New York Times, Wall Street Journal, Gizchina, SlashGear, TechCrunch, CNBC, The Verge, IGN, VICE, Rock, Paper, Shotgun, GameSpot, Pandaily, Gameranx, Tech in Asia, BBC, TechSpot, Kotaku, Destructoid, Associated Press, Forbes, and The Information
Tweets: @tomwarren, @byron_wan, @wario64, @tomwarren, @therealjoshye, @overwatchcaval, @lmatsakis, and @6d6f636869
| 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, CyberScoop, Associated Press, Heritage Foundation, Technical.ly, Reuters, and Politico
| 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, TechCrunch, Engadget, Reuters, Adweek, Neowin, MSPoweruser, and Quartz
Tweets: @iansherr, @nickclegg, and @metanewsroom
| 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 … | 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| Pew Research Center: |
A survey of US teens on social media: 80% feel closer to friends, 71% like showing creativity, 59% think its impact is neutral, and 38% are overwhelmed by drama — Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
More:
New York Times and Mercury News
Tweets: @hautepop, @keccers, @pewresearch, @adamkovac, and @lrainie
| 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, Gizmodo, Consumer Reports, and CNET
Tweets: @meghann, @russellbrandom, and @karlbode
| 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, @aparanjape, and @jessicalessin
| 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 Android Headlines
Tweets: @gergelyorosz, @carnage4life, @caseynewton, and @zoeschiffer
| 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, Gizmodo, and Game Rant
| Financial Times: |
OnlyFans plans to let creators sell merchandise to their viewers by linking their pages to an online store in partnership with e-commerce platform Spring — Social network will allow content creators to sell merchandise directly to their viewers — Content creators on OnlyFans will be able … | 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.| 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:
Crunchbase News and Silicon Valley Business …
| Manish Singh / TechCrunch: |
Meta appoints Sandhya Devanathan as the head of its India business, starting on January 1, after several high-profile departures; Devanathan joined Meta in 2016 — Meta has appointed Sandhya Devanathan as the new head of its India business following several high-profile departures in the key overseas market.
More:
Moneycontrol, Adweek, Inc42 Media, Meta, Hindustan Times, Livemint, ThePrint, Entrackr, MediaNama, and Moneycontrol
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