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November 24, 2022, 5:00 AM
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memeorandum
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| Josh Sisco / Politico: |
Sources: the FTC plans to file an antitrust lawsuit to block Microsoft's $69B Activision Blizzard deal, as FTC staff are skeptical of the companies' arguments — The Federal Trade Commission is likely to file an antitrust lawsuit to block Microsoft's $69 billion takeover …
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Engadget, Reuters, Video Games Chronicle, MSPoweruser, TheGamer, GameSpot, Businesskorea, The Verge, Game Rant, Windows Central, Kotaku, Gameranx, IGN, Reuters, Wccftech, The Jacob Wolf Report, Game Developer, Forbes, Daring Fireball, Ars Technica, BGR, Appuals.com, Gamereactor UK, The Register, GamingBolt, Truth on the Market, and MSPoweruser
| Carly Wanna / Bloomberg: |
Sam Bankman-Fried plans to speak at The New York Times' annual DealBook Summit on November 30; Andrew Ross Sorkin says “nothing is off limits” — In the weeks since crypto exchange FTX collapsed, questions have swirled about everything from the risk management practices …
More:
Cointelegraph, Tech News, CoinGape, The Block, Forkast, and Coinpedia Fintech News
Tweets: @sbf_ftx, @andrewrsorkin, @unusual_whales, @trungtphan, @cz_binance, @gladstein, @zackvoell, @antoniogm, @rob1ham, @lbrycom, @lukemulks, @punk6529, @coinbureau, @buccocapital, @zerohedge, @adamscochran, @litcapital, @kofinas, @epsilontheory, @hsakatrades, @hsakatrades, @dylanleclair_, and @bitfinexed
| Steve Lohr / New York Times: |
Frederick P. Brooks Jr., a Turing Award recipient who co-led IBM's System/360 and wrote a book cited as gospel by computer scientists, died last week at 91 — He was a lead designer of the computers that cemented IBM's dominance for decades. He later wrote a book on software engineering that became a quirky classic.
More:
CircleID, UNC Computer Science, Michael Tsai, and Slashdot
| Sergiu Gatlan / BleepingComputer: |
Microsoft says hackers used vulnerabilities in the Boa web server, discontinued in 2005 but widely used across IoT devices, to target the Indian power sector — Microsoft said today that security vulnerabilities found to impact a web server discontinued since 2005 have been used to target … | Bloomberg: |
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital — Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
More:
The Block, CoinDesk, Reuters, and Coinpedia Fintech News
Tweets: @crypto, @mayazi, @cz_binance, @emilyjnicolle, and @mr_james_c
| Lucas Shaw / Bloomberg: |
Sources: Amazon plans to spend $1B+ per year to produce and release movies for theaters, starting with a few releases in 2023, and eventually 12 to 15 annually — Amazon.com Inc. plans to spend more than $1 billion a year to produce movies that it will release in theaters … | Bill Cusick / Stability.Ai: |
Stability AI releases Stable Diffusion 2.0, which can generate images with 512x512 and 768x768 default resolutions and upscale images to 2048x2048 — It is our pleasure to announce the open-source release of Stable Diffusion Version 2. — The original Stable Diffusion V1 led by CompVis changed …
More:
Metaverse Post and Hugging Face
Tweets: @hardmaru, @dannypostmaa, @jangles, @minimaxir, @dan_jeffries1, @nin_artificial, @stablediffusion, @adamcole_studio, and @minimaxir
| Stephen Gandel / New York Times: |
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal — Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
More:
PYMNTS.com and Bloomberg
Tweets: @mikeburgersburg, @jbarro, @mayazi, @iankar_, @trengriffin, @blmckean, @mcelarier, @hhunter_us, and @nytimes
| Nikhilesh De / CoinDesk: |
More:
New York Times, New York Post, Blockworks, Quartz, TheStreet, The Block, Ethereum World News, and Crowdfund Insider
Tweets: @lizrhoffman, @lizrhoffman, @nic__carter, @caspiancey, @topshotfund, @layahheilpern, @davidsacks, @lucasbagnocv, @jamespoulos, @chuckrossdc, @mhonkasalo, @canteringclark, @jordanschachtel, @saifedean, @batsoupyum, @coffeebreak_yt, @melt_dem, @parikpatelcfa, @ericbalchunas, @adamscochran, @davidzmorris, @johnedeaton1, @lizrhoffman, @crypto_bitlord7, @amasad, @johnnyp135dfs, @milessuter, @futurenomics, @satsdart, @investmentshulk, @neiljacobs, @ldrogen, @ercwl, @davidbelle_, @rnr_0, @alexhern, @inartecarlodoss, @andy8052, @caspiancey, @thormaximalist, @smtuffy, @macrocephalopod, @longshorttrader, @iamdcinvestor, @austen, @thormaximalist, @billym2k, @lynaldencontact, @nic__carter, @wallstreetsilv, @stackersatoshi, @wublockchain, @thecryptomars, @lilmoonlambo, @doombergt, @wallstreetsilv, @iamdcinvestor, @iamdcinvestor, @iamdcinvestor, @zerohedge, @doombergt, @lizrhoffman, @lizrhoffman, @nlw, @amasad, @maxboonen, @smtuffy, @alistairmilne, @carnage4life, @renato_mariotti, @wublockchain, @frances_coppola, @jgreco, @carnage4life, @j_dot_j, and @austen
| Ken Sweet / Associated Press: |
More:
The Block, Wall Street Journal, New York Times, Vox, crypto.news, Ars Technica, and Bitcoin News
Tweets: @davidreevely, @reuters, @jacqmelinek, and @ryan_browne_
| Sarah Krouse / Wall Street Journal: |
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney's other units — Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units
More:
Laptop Mag, Android Central, TechSpot, Game Rant, The Streamable, and Tom's Guide. Tweets: @trengriffin
| David Dayen / American Prospect: |
A look at a letter from March by four GOP and four Democratic House members discouraging the SEC from probing crypto firms; five had donations from FTX staff — The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year …
More:
CryptoPotato, Pluralistic, and crypto.news
Tweets: @reptomemmer, @ddayen, @melissaleecnbc, @mdudas, @ddayen, @mc_of_a, @justicedems, @rdmwrites, @ddayen, @doctorow, @doombergt, @maxnesterak, @_waleedshahid, and @smtuffy
| Financial Times: |
Foxconn offers ~$1,400 payouts to newly recruited Chinese workers who opt to leave its iPhone factory, aiming to quell unrest after violent clashes with police — Apple supplier apologises for ‘technical error’ after violent clashes between workers and police
More:
Reuters, BBC, Global Times, Reuters, The New Indian Express, The Guardian, and MacDailyNews
Tweets: @pelstrom, @pelstrom, @sino_market, and @sino_market
| Bloomberg: |
More:
Bloomberg, Wall Street Journal, Reuters, TechCrunch, The Information, BBC, Financial Times, AppleInsider, WION on YouTube, South China Morning Post, The Verge, China Research Group News, Philip Elmer‑DeWitt, What's on Weibo, Livemint, Bloomberg, Fortune, Sinocism, The Independent, The Guardian, Gizchina, Mashable, Le Monde.fr, SiliconANGLE, Observer, foxconn.com, The Week, USA Today, Quartz, Engadget, Wccftech, Patently Apple, Gizmodo, 9to5Mac, The Register, iPhone Hacks, MacDailyNews, SlashGear, Techaeris, iClarified, iThinkDifferent, Mercury News, and Appuals.com
Tweets: @pelstrom, @chinalaborwatch, @tw_tomy7, @smritisharma_, @jenniferzeng97, @jenniferzeng97, @patrickmoorhead, @niubi, @bloombergtv, @natashabertrand, @alex, @manyapan, @reloaded7701, @lauriechenwords, @lauriechenwords, @jenniferzeng97, @jenniferzeng97, @ipaulcanada, @jenniferzeng97, @noahpinion, @lisaabramowicz1, @pelstrom, @sentdefender, @bibekbhandari, @dylanfrank21, @williamyang120, @williamyang120, @nrg8000, @tw_tomy7, @gundamnorthrop, @saikirankannan, @niubi, @niubi, @oliviasolon, @fangshimin, @tobitac, @tommackenzietv, @keithmccullough, @shashidigital, @pelstrom, @pelstrom, @amberchoudhury, @jorge_guajardo, @dtiffroberts, @ryan_chua, and @matthew_pines
| Moneycontrol: |
Prosus valued its 9.67% stake in Byju's at $578M at the end of Q3 2022, implying Byju's total value to be $5.9B; Byju's was valued at $22B in October 2022 — Although Prosus' accounting entry implies that it values Byju's at $5.9 billion, experts say that different shareholders may value a private company differently in their books.
More:
Business Today, The Financial Express, YourStory, The Statesman, The Morning Context, Inc42 Media, VCCircle, and The Economic Times
Tweets: @chandrarsrikant and @deepsekharc
| AJ Vicens / CyberScoop: |
In its Q3 Adversarial Threat Report, Meta attributes a pro-US campaign to US military-run phony Facebook accounts, Pages, Groups, and Instagram accounts — People associated with the U.S. military were behind dozens of phony Facebook accounts, more than a dozen pages, a pair of groups …
More:
BBC, Washington Post, SC Media, BleepingComputer, Tech Monitor, WinBuzzer, The Record, The Hill, and SecurityWeek
Tweets: @vatsrishap, @benimmo, @guyro, @lukolejnik, @ivanastradner, @joetidy, @benimmo, @davidagranovich, @nakashimae, @evaristegal0is, and @davidagranovich
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