Techmeme
December 30, 2022, 3:05 PM

Top News

New York Times:
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services  —  Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
Taylor Soper / GeekWire:
Twitter is reportedly closing its Seattle office, the company's second-largest engineering hub outside of San Francisco, and asking employees to work from home  —  Twitter is reportedly facing eviction at its Seattle office and is asking employees to work from home as the social media giant looks to cut costs under new owner Elon Musk.
Reuters:
Bahamas' Securities Commission says it is holding FTX assets worth $3.5B on a temporary basis and plans to deliver them to customers and creditors who own them  —  The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
Emily Birnbaum / Bloomberg:
Tim Wu, who helped shape Biden's antitrust agenda, will leave his role as an adviser on January 4 to return to teaching antitrust law at Columbia Law School  —  Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
Sam Kessler / CoinDesk:
Sources: FBI is probing the leak of ~100K API keys linked to users of crypto trading service 3Commas; a victims group with ~60 members tallies losses at $20M+  —  This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service.  —  The FBI is investigating the 3Commas data breach, CoinDesk has learned.
Sam Kessler / CoinDesk:
Dan Strumpf / Wall Street Journal:
Ian Johnston / Financial Times:
Accounting software maker Sage threatens to turn off UK customers' single-payment licenses on security grounds, forcing them to buy costly monthly subscriptions  —  FTSE 100 group has forced small UK businesses using its accounting services to adopt costly new monthly packages
Russell Jacobs / Slate:
An obituary for Dark Sky, which changed how people consume weather forecasts but is disparaged by scientists, as Apple plans to kill the iOS app on January 1  —  At the end of this year, Dark Sky—the popular, sleek, sometimes accurate weather app—will go dark, its various components ambiguously incorporated …
Yang Jie / Wall Street Journal:
Analysts and sources detail improving iPhone output in China despite COVID-19 issues; Foxconn's main Zhengzhou iPhone facility is now operating at ~70% capacity  —  Main Foxconn facility recovers to about 70% of capacity and wait times for iPhone Pro models shorten
Chris Miller / The Atlantic:

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