January 21, 2023, 7:25 PM

Top News

Lucas Shaw / Bloomberg:
Q&A with Netflix co-CEOs Greg Peters and Ted Sarandos about shared leadership, what role Reed Hastings may play, adding FAST channels, the ad tier, and more  —  So that's what an orderly transfer of power looks like.  —  While Disney chief Bob Iger ousted every potential threat …
Aaron Tilley / Wall Street Journal:
Apple's lean hiring may help the company avoid layoffs; Apple's workforce grew ~20% from 2019 to 2022, Amazon's grew 100%, Meta 94%, Alphabet 57%, Microsoft 53%  —  The iPhone maker's workforce grew 20% in the past three years, a far slower pace than rivals  —  Tech Layoffs Pile Up as Bosses Reverse Course
Dietrich Knauth / Reuters:
US prosecutors provide a list of nearly $700M worth of Sam Bankman-Fried's seized assets, including ~$525M in Robinhood stock and $94.5M cash at Silvergate Bank  —  Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January …
New York Times:
Emails and sources: Google fired 16% of its ~400-person Fuchsia OS team, Research cut jobs in lower traction areas, and Cloud cut operational and other roles  —  The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.
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Can Duruk / Margins:
ChatGPT is a threat to Google mainly because the latter's monopoly position let the search experience degenerate into a spam-ridden, SEO-fueled hellscape  —  I hate monopolies and welcome our AI overlords … I don't really cook often, but I do love making pasta aglio e olio.
Annie Palmer / CNBC:
A look at Amazon's nascent drone delivery unit, which has struggled due to crashes and other safety issues and now faces layoffs and other cost-cutting measures  —  - As part of Amazon's widespread layoffs, some employees in the nascent drone delivery project are losing their jobs, according to people familiar with the matter.
Lora Kolodny / CNBC:
Internal records: Twitter now has ~1,300 active employees, including fewer than 550 full-time engineers, and ~1,400 non-working staff who are still being paid  —  - Internal records show that Twitter has shed about 80% of its employees since Elon Musk took over and headcount is hovering around 1,300 employees today.
Sarah Wynn / The Block:
The US SEC charges Avraham Eisenberg for manipulating Mango Markets' governance token MNGO to steal ~$116M of crypto assets and says MNGO was sold as a security  —  - The SEC brought charges against Avraham Eisenberg on Friday after the U.S. securities regulator said Eisenberg stole $116 million from Mango Markets.
Kevin Simauchi / Bloomberg:
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B  —  Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.

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