Techmeme
November 7, 2022, 2:00 PM

Top News

Andrew Rummer / The Block:
FTX's Sam Bankman-Fried insists the exchange is “fine” after Binance begins selling FTX's FTT; a recently leaked Alameda balance sheet showed $8B in liabilities  —  - FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX's FTT token.
CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens received from exiting FTX equity in 2021; FTX-linked Alameda offers to buy them for $22 each  —  Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.  —  Binance's CEO, responding to a CoinDesk scoop …
Richard Lawler / The Verge:
Oliver Knight / CoinDesk:
The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud  —  The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they're worth $1.04 billion.
Joe Rossignol / MacRumors:
Apple expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than anticipated due to COVID-19 restrictions at Foxconn's factory in Zhengzhou, China  —  Apple today said it expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than the company previously anticipated due …
Bloomberg:
Sources: Apple expects to produce at least 3M fewer iPhone 14 handsets than anticipated in 2022, aiming to make 87M or fewer, primarily due to softer demand  —  Apple Inc. expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with its plans.
Allison Pohle / Wall Street Journal:
Airbnb plans to show the total cost of stays in search results, including cleaning fees, starting in December, following complaints over opaque pricing  —  The travel company also says it will make predeparture cleaning requirements easier for customers to find earlier in their search
Billy Perrigo / TIME:
Q&A with Mastodon founder and lead developer Eugen Rochko on how decentralized social media servers mitigate hateful speech, why he built the service, and more  —  As Twitter changed hands at the end of October, another very similar social media site was experiencing something of an influx.
Steven Lee Myers / New York Times:
Sankalp Phartiyal / Bloomberg:
Sources: Elon Musk fired over 90% of Twitter's 200+ staff in India over the weekend, including ~70% of the product and engineering teams  —  Twitter Inc. fired more than 90% of its staff in India over the weekend — part of global reductions by new owner Elon Musk — severely depleting …
Bloomberg:
Wall Street Journal:
Sources: Meta plans to lay off thousands of employees this week, with an announcement expected as soon as November 9, the first broad staff cuts in its history  —  Social-media company's planned cuts expected to affect many thousands of its workforce  —  Meta Platforms Inc. META 2.11%increase …
Washington Post:
Sources: Donald Trump told allies that he can't leave Truth Social for Twitter because he's propping his social network up and doesn't want the site to collapse  —  The former president has told his allies that he can't leave his Twitter clone because he's propping it up …

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
How you can grow your business with Zoho One  —  Zoho One is a comprehensive business suite, giving businesses the scalability, stability, security, and features they need for smooth operations.
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Thu. 11/14 - The FBI (!) Investigating Polymarket
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:00 PM ET, November 7, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks