Techmeme
November 18, 2022, 6:10 PM

Top News

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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New York Times:
Sources: some internal estimates show 1,200+ full-time Twitter employees resigned on November 17; Twitter previously laid off ~3,700 of 7,500 staff  —  Mr. Musk sent emails on Friday asking to learn about Twitter's underlying technology as key infrastructure teams have been decimated.
AJ McDougall / The Daily Beast:
Sources: Twitter disables badge access and shuts down offices until at least November 21; a report points to fears of “sabotage” after numerous resignations  —  The temporary closure of the company's offices comes as the billionaire is reportedly “terrified employees are going to sabotage the company.”
Bloomberg:
Elon Musk / @elonmusk:
[Thread] Elon Musk says a “new Twitter policy” will deboost and demonetize “negative/hate tweets” and reinstates Kathy Griffin, Jordan Peterson, and Babylon Bee  —  New Twitter policy is freedom of speech, but not freedom of reach. Negative/hate tweets will be max deboosted & demonetized, so no ads or other revenue to Twitter. You won't find the tweet unless you specifically seek it out, which is no different from rest of Internet.
Yoel Roth / New York Times:
Twitter's ex-head of Trust & Safety on why he resigned: a Twitter whose policies are defined by unilateral edict has little need for a trust and safety function  —  Earlier this month, I chose to leave my position leading trust and safety at Elon Musk's Twitter.
Wall Street Journal:
Sources: ~$300M of $420M from an FTX raise in October 2021 went to SBF in a share sale that he said was partial reimbursement for buying out Binance's stake  —  Cryptocurrency-exchange founder told investors last year that the share sale was partial reimbursement of money he'd spent to buy out rival Binance's stake
Will Douglas Heaven / MIT Technology Review:
Meta AI and Papers with Code pull Galactica three days after launch, amid criticism the large language model for generating scientific text asserts falsehoods  —  Galactica was supposed to help scientists.  Instead, it mindlessly spat out biased and incorrect nonsense.
Sergiu Gatlan / BleepingComputer:
The FBI says the Hive ransomware gang has extorted ~$100M from 1,300+ organizations, including government facilities and public health entities, since June 2021  —  The Federal Bureau of Investigation (FBI) said today that the notorious Hive ransomware gang has successfully extorted roughly $100 million …
Nansen:
UST's May 2022 collapse caused a liquidity crunch that FTX and Alameda tried to counter with FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen's research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways

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