Techmeme
November 22, 2022, 5:35 PM

Top News

Koh Gui Qing / Reuters:
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel”  —  Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
Ken Sweet / Associated Press:
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now  —  Lawyers for FTX disclosed Tuesday that a “substantial amount” of assets has been stolen from the accounts …
Eliza Gkritsi / CoinDesk:
Berber Jin / Wall Street Journal:
Financial Times:
Washington Post:
Sources detail Elon Musk's rapid dismantling of Twitter's safety work, narrowing its scope to whatever he deems violent, threatening “sticks and stones” talk  —  Amid the wider turmoil since his takeover last month, Musk has moved rapidly to undermine Twitter's deliberative content-moderation system.
Alex Heath / The Verge:
Liz Hoffman / Semafor:
Despite Elon Musk publicly distancing himself from SBF, texts between them on May 5 show SBF rolled over $100M in Twitter stock during Musk's takeover  —  Elon Musk used Twitter, the platform he now owns, to gleefully mock the meltdown of the crypto exchange FTX.
New York Times:
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses  —  Mr. Musk and his advisers are examining all types of expenses at Twitter.  Some of the social media company's vendors have gotten stiffed.
New York Times:
Alex Heath / The Verge:
Bloomberg:
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG  —  The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
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 …
Mack DeGeurin / Gizmodo:
Meta's researchers detail Cicero, an AI trained to “human level performance” in negotiation-based strategy game Diplomacy, ranking in the top 10% over 40 games  —  Ever since IBM's Deep Blue artificial intelligence system defeated world chess champion Garry Kasparov at his own game in 1997 …
Samuel Stolton / Politico:
The UK's CMA launches an investigation into Apple's and Google's dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold”  —  Apple and Google could be forced to loosen their grip on mobile systems after the United Kingdom's competition watchdog launched …
Jeff Horwitz / Wall Street Journal:
Facebook's Q3 Widely Viewed Content Report: in a first, none of the top 20 posts broke platform rules; sources detail Meta's latest fight against spammy content  —  Third-quarter content report shows only one in the top 20 posts qualified as engagement bait  —  What's Behind Social Media Spambots and Can They Be Stopped?
Bloomberg:
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund  —  Binance Chief Executive Officer Changpeng “CZ” Zhao and several deputies met with investors in Abu Dhabi last week in an effort to raise cash …
Sarah Perez / TechCrunch:
Tumblr plans to support ActivityPub, the open and decentralized social networking protocol powering Mastodon, Instagram-like Pixelfed, PeerTube, and others  —  Tumblr will add support for ActivityPub, the open, decentralized social networking protocol that's today powering social networking software …

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