Techmeme
November 30, 2022, 5:25 PM

Top News

New York Times:
A livestream of Sam Bankman-Fried being interviewed by Andrew Ross Sorkin at the New York Times' DealBook Summit  —  Sam Bankman-Fried will discuss the collapse of FTX.  —  Sam Bankman-Fried, the cryptocurrency billionaire whose empire collapsed spectacularly less than three weeks ago …
Gregory Zuckerman / Wall Street Journal:
Sources detail Alameda's early years, starting in fall 2017, as SBF shrugged off concerns about risky investments, leading several employees to quit in 2018  —  ‘We ended up not really knowing how much money we even had,’ one former employee says  —  Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub
Financial Times:
Interviews detail FTX and SBF's lavish spending with minimal internal controls, including $300M+ on Bahamas real estate and a private deal to fly Amazon orders  —  When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
Marco Quiroz-Gutierrez / Fortune:
Juliana Liu / CNN:
Chinese state media: a five-day COVID lockdown in Zhengzhou, home of Foxconn's “iPhone City”, has been lifted; an analyst says disruptions cost Apple ~$1B/week  —  Hong Kong CNN Business —  The central Chinese city of Zhengzhou, home to the world's largest iPhone factory …
CNBC:
Salesforce says Bret Taylor will step down as vice chair and co-CEO on January 31, 2023, and Marc Benioff will stay on as chair and CEO  —  - Observers viewed Bret Taylor as a possible successor for Marc Benioff, Salesforce's iconic co-founder.  — It's the second time in less than three years …
Danny Nelson / CoinDesk:
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions”  —  The crypto exchange is laying off 1,100 people, sending its headcount back 12 months.  —  Crypto exchange Kraken said Wednesday …
Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points  —  European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Jackie Davalos / Bloomberg:
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce  —  DoorDash Inc. is cutting about 1,250 jobs to rein in expenses, acknowledging that a rapid expansion during the pandemic boom has led to mounting losses.
Carly Page / TechCrunch:
Google says Barcelona-based spyware vendor Variston planted spyware by exploiting zero-day flaws in Chrome, Firefox, and Windows between 2018 and 2022  —  A Barcelona-based company that bills itself as a custom security solutions provider exploited several zero-day vulnerabilities in Windows …
Yogita Khatri / The Block:
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, marking its re-entry into Japan and first license in East Asia  —  - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC).  — The terms of the deal were not disclosed.
Taylor Locke / Fortune:
Uniswap Labs launches an NFT marketplace aggregator with listings from OpenSea, LooksRare, NFTX, and others, after acquiring the aggregator Genie in June  —  Though sales of nonfungible tokens, or NFTs, have dropped substantially amid the ongoing Crypto Winter, Uniswap Labs remains bullish on the future of the market.
Ariel Shapiro / The Verge:
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters  —  Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
Olivia Carville / Bloomberg:
A look at TikTok's role in spreading the “blackout challenge”, leading some kids to choke themselves to death, as critics say the company could be doing more  —  “Sissy's tangled!”  —  The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard house in Milwaukee.
Ivan Mehta / TechCrunch:
Airbnb launches a program to help renters find an apartment in 25 US markets and then list a spare room or occasionally the whole apartment on the platform  —  Airbnb really wants you to Airbnb an apartment.  So its latest step is to find renters a place, which they can also list on the travel booking platform.
Emily Nicolle / Bloomberg:
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more  —  Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more.  If someone forwarded this to you, sign up here.
Platformer:

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Earlier Picks

Christiana Loureiro / The Block: