Techmeme
November 17, 2022, 1:50 PM

Top News

Jack Schickler / CoinDesk:
Bankruptcy filing: FTX CEO John Ray III, who ran Enron's 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.
Kelsey Piper / Vox:
A chat via DM with SBF on why regulators “make everything worse”, FTX 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.
Tracy Alloway / Bloomberg:
The wildest parts from FTX's bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $3.3B, SBF auto-deleted important messages, and more  —  Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
Adam Cochran / @adamscochran:
Tony Romm / Washington Post:
Congress, slow to move on regulating crypto, becomes transfixed by FTX's collapse, as lawmakers wonder if the crisis could have been prevented  —  The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
Wall Street Journal:
Sources: Meta fired or disciplined more than 24 employees and contractors over the past year for allegedly taking over user accounts, sometimes for bribes  —  Some workers allegedly accepted thousands of dollars in bribes  —  Meta Platforms Inc. META -2.31%decrease; red down pointing triangle …
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 …
Aisha Malik / TechCrunch:
Russell Brandom / The Verge:
Analysis of 22K US broadband bills highlights issues: far higher average cost than in Europe at $75/month, little 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.
Manish Singh / TechCrunch:
Meta appoints Sandhya Devanathan to lead its India business, starting January 1, following 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.
Peter White / Deadline:
Apple plans to launch its Major League Soccer Season Pass on February 1 for $15/month or $99/season and $13/month or $79/season for Apple TV+ subscribers  —  Apple has unveiled more plans for its launch of Major League Soccer (MLS).  —  The streamer has revealed the pricing and launch details …
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
Michael McSweeney / The Block:
The Australian Securities Exchange drops its blockchain project announced in 2017 to replace its settlement and clearing system, causing a $165M-$172M write-off  —  - The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.

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