Techmeme
November 21, 2022, 6:00 AM

Top News

Paul Tassi / Forbes:
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended  —  While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …
Mark Gurman / Bloomberg:
Elon Musk's changes at Twitter threaten to set up a showdown with Apple and Google over in-app purchases for subscriptions and content moderation issues  —  Elon Musk's plan to turn Twitter into more of a subscription service threatens to set up a showdown with Apple and Google.
Reuters:
Twitter reinstates Trump's account, after Elon Musk ran a Twitter poll where 51.8% of 15M+ users voted yes on reinstatement, saying “the people have spoken”  —  Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor …
Mark Niquette / Bloomberg:
Donald Trump says he sees “a lot of problems at Twitter”, doesn't see any reason to return, and plans to stick to Truth Social  —  Donald Trump said he sees “a lot of problems at Twitter” and will stick to his own social-media platform, offering an initial response to Elon Musk's poll …
Sunil Jagtiani / Bloomberg:
Crypto prices sink, with bitcoin dropping ~4% and ether ~7%, dragged down by the ongoing FTX saga, potential contagion, and the FTX hacker offloading ether  —  Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
Bloomberg:
Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each  —  Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.
Wall Street Journal:
Wall Street Journal:
Financial Times:
Alex Weprin / The Hollywood Reporter:
Alexa Corse / Wall Street Journal:
Elon Musk's Twitter starts the FIFA World Cup, traditionally one of the platform's busiest periods, with a depleted staff, potentially leading to serious issues  —  Employees have been working for weeks to prepare for the soccer extravaganza, a Twitter executive says
New York Times:
Online sports betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook's $8.4M deal with Michigan State  —  In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling.
Hannah Murphy / Financial Times:
An interview with Brian Armstrong on crypto and economic freedom, Coinbase's “no politics in the workplace” policy, the crypto downturn, regulation, and more  —  Ahead of my lunch with crypto exchange chief Brian Armstrong, his team tell me they had tried to find a decent restaurant …
James B. Stewart / New York Times:
Interviews with more than 24 people involved in the AT&T/Time Warner merger, including Jeff Bewkes and Randall Stephenson, detail how it went disastrously awry  —  At Time Warner, executives saw AT&T as just a “big phone company from Texas.”  At AT&T, they thought Hollywood would play by their rules.

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