Techmeme
December 5, 2022, 6:20 AM

Top News

Joshua Oliver / Financial Times:
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital  —  Exchange's former CEO says he was close to key decisions at nominally separate trading firm  —  Speaking from his bed in Nassau …
Ankush Khardori / New York Magazine:
Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX's collapse was purely sloppiness, meaning a US prosecution could take some time  —  On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history …
Joe Rossignol / MacRumors:
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues”  —  Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
Reuters:
Source: Foxconn expects its Zhengzhou plant to resume full production in late December or early January, but plans may change; November revenue drops 11.4% YoY  —  Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
Wall Street Journal:
Lauren Goode / Wired:
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more  —  The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
Kurt Wagner / Bloomberg:
Elon Musk says Apple has “fully resumed” advertising on Twitter, after claiming on November 28 that Apple had “mostly stopped” Twitter ads  —  Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further de-escalating a brewing war between two of the world's most influential tech companies.
Dan Milmo / The Guardian:
Survey of 8,000 young people in nine European countries finds 34% have pirated content, 27% reported trolling someone, 22% reported inciting violence, and more  —  EU-funded survey of people aged 16-19 finds one in four have trolled someone - while UK least ‘cyberdeviant’ of nine countries
Financial Times:
Sources: Winklevoss twins' Gemini crypto exchange is trying to recover $900M owed to it by Genesis Global and Genesis' parent company Digital Currency Group  —  New York-based Gemini is trying to recover funds after FTX failure plunged market into turmoil  —  Digital asset trading group Genesis …
Matt Von Hippel / Quanta Magazine:
A look at FORM software, released in the 1980s for particle physics calculations, which is maintained almost entirely by a retiree and risks obsolescence  —  Maintenance of the software that's used for the hardest physics calculations rests almost entirely with a retiree.

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Reuters: