Techmeme
November 22, 2022, 6:35 AM

Top News

Alex Heath / The Verge:
Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees  —  After purging nearly two-thirds of Twitter's 7,500-person workforce in three weeks, Elon Musk is hiring again.
Alex Heath / The Verge:
Elon Musk holds Blue Verified's relaunch until “there is high confidence of stopping impersonations” and floats using different colors for orgs and individuals  —  Elon Musk told Twitter employees on Monday that the company won't relaunch its paid verification subscription …
Bloomberg:
Sources: Genesis struggles to raise $1B+ funding for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail  —  Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it's warning potential investors …
Stephanie Murray / The Block:
Ron Amadeo / Ars Technica:
Report: Amazon's hardware group is on track to lose $10B in 2022, as many Echo devices are sold at cost and plans to monetize Alexa have failed  —  Layoffs reportedly hit the Alexa team hard as the company's biggest money loser.  —  Amazon is going through the biggest layoffs …
Eliza Gkritsi / CoinDesk:
Sunil Jagtiani / Bloomberg:
Thomas Germain / Gizmodo:
Researchers: Apple analytics data include a unique ID for a user's iCloud account, despite Apple saying usage data does not include personally identifiable info  —  Your iPhone's analytics data includes an ID number tied to your name, email, and phone number, say researchers who uncovered other holes in Apple' promises.
Cheyenne Ligon / CoinDesk:
US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors  —  According to the Department of Justice, the two men used shell companies to launder the proceeds of their fraudulent schemes and buy luxury cars and real estate in Estonia.
Ryan Lovelace / Washington Times:
Twitter reinstates the accounts of Ye, Project Veritas, and others, despite Musk's pledge to delay such decisions until forming a content moderation council  —  Several banned Twitter users are making their return to the social media platform, following new owner Elon Musk clearing a path …
Matt Novak / Gizmodo:
Vitalik Buterin's website:
Zheping Huang / Bloomberg:
Baidu reports Q3 revenue up 2% YoY to ~$4.6B, beating estimates, and a ~$20.5M net loss due to investments, signaling China's tech sector might be recovering  —  Baidu Inc. posted a surprise gain in revenue after cost cuts helped prop up the bottom line and online advertising held up better …
More: Reuters

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