| 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 … | Berber Jin / Wall Street Journal: |
| Eliza Gkritsi / CoinDesk: |
| 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.| Washington Post: |
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks — More than a third of Twitter's top 100 clients have not advertised on the platform in the past two weeks, data shows| 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: |
| 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 … | 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?| 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 … | 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 … | Denny Jacob / Wall Street Journal: |
HP to lay off 4,000 to 6,000 employees, or up to ~10% of its workforce, over the next three years as part of a plan to achieve $1.4B in annualized cost savings — Dell warns of a worsening decline after a 17% drop in third-quarter laptop and desktop sales — HP Inc. HPQ 0.75%increase … | Camomile Shumba / CoinDesk: |
US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022 — The asset management giant said in April it would offer retail investors the option to put bitcoin in their 401(k) accounts at some point this year.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.
App Spotlight: MessageWhiz SMS for Zoho CRM — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Cheyenne Ligon / CoinDesk: |