|
November 9, 2022, 10:00 AM
|
Mediagazer
memeorandum
WeSmirchTop News
| Meta: |
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1 — Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.
More:
BBC, New York Times, Reuters, TechCrunch, The Guardian, CNN, Washington Post, Bloomberg, CoinDesk, CNBC, Protocol, Forbes, Road to VR, Decrypt, Thurrott, The Economic Times, UploadVR, PCMag, Insider, Gizmodo, The Register, TechCrunch, Sifted, The Verge, Club386, ZDNet, Game Developer, AppleInsider, Wall Street Journal, Australian Financial Review, The Hill, Insider, Computerworld, The Block, SEC.gov, The Information, Insider, NPR, BuzzFeed News, Tech Monitor, Associated Press, The Sun, Engadget, USA Today, Moneycontrol, International Business Times, TheGamer, TechCircle, Financial Times, VICE, Newser, BGR, Politico, SlashGear, PetaPixel, ITV News, Neowin, Gameranx, The Guardian, Reuters, Wall Street Journal, Mashable, CoinGape, BGR India, The Daily Beast, Wall Street Journal, Coinspeaker, Tech in Asia, Music Ally, Bitcoinist.com, Inc42 Media, iMore, Variety, Growth Curve, The Full Belmonte, Deadline, NBC News, Bloomberg, and Axios
Tweets: @kenyafitdee, @juokaz, @naominixwrites, @benedictevans, @sarthakgh, @alexvoica, @willoremus, @shiraovide, @shiraovide, @willoremus, @mcappetta, @andruyeung, @shitmgmtsays, @wolfejosh, @naijaflyingdr, @chigrl, @gergelyorosz, @gergelyorosz, @shiraovide, @jeffhorwitz, @sarthakgh, @gergelyorosz, @gergelyorosz, @robtornoe, @robtornoe, @gergelyorosz, and @jason_kint
| Changpeng Zhao / @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence — This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
More:
The Block, The Block, coinbase.com, New York Times, Metaverse Post, Semafor, Insider, Bloomberg, The Economic Times, Protocol, Crunchbase News, Finbold, The Block, BBC, Slate, CoinDesk, Reuters, Protos, Ethereum World News, CryptoPotato, CoinGape, Financial Times, Forkast, Fortune, NewsBTC, CryptoSlate, Watcher Guru, Cryptonews, Ed Zitron's Where's Your Ed At, MediaNama, Decrypt, CryptoGlobe, Coinspeaker, Wall Street Journal, Blockonomi, and The Block
Tweets: @sbf_ftx, @cz_binance, @cryptomanran, @cz_binance, @benbybit, @zhusu, @sbf_ftx, @ericnewcomer, @fintwit_news, @sbf_ftx, @wassielawyer, @sbf_ftx, @lizrhoffman, @cobie, @danprimack, @boazweinstein, @arthur_0x, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @sbf_ftx, @lizrhoffman, @vetlelunde, @lookonchain, @alex_valaitis, @doug_hanks, @chrisfralic, @robinwigg, @scopeprotocol, @ftx_official, @hsakatrades, @yassineark, @cobie, @cobie, @danprimack, @punk9059, @hodlkryptonite, @punk2670, @timccopeland, @mayazi, @0xngmi, @robinwigg, @tuurdemeester, @dogetoshi, @nic__carter, @carnage4life, @milesdeutscher, @cryptohayes, @cobie, @aridavidpaul, and @algodtrading
| Tom Maloney / Bloomberg: |
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever — Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
More:
Financial Times, Watcher Guru, Cointelegraph, and Tech in Asia
Tweets: @tier10k, @kantrowitz, and @evgenygaevoy
| Joshua Oliver / Financial Times: |
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales — Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’ — The near collapse of FTX has …
More:
TechCrunch, Bloomberg, Forbes, Inside Bitcoins, Cointelegraph, CoinGape, crv.mktcap.eth, Cryptonews, Nikkei Asia, Forkast, and Blockchain News
| Shaurya Malwa / CoinDesk: |
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates — Over seven crypto exchanges will publish proof of their reserve holdings in the next month. — Crypto exchanges are now scrambling …
More:
The Block, The Block, Protos, Ethereum World News, Cryptonews, crypto.news, CoinGape, Bitcoinist.com, and Forkast
| Angus Berwick / Reuters: |
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours — Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
More:
Blockworks, The Block, Tech in Asia, Bitcoinist.com, and TheStreet
Tweets: @arthur_0x and @hsakatrades
| Daniel Kuhn / CoinDesk: |
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried — Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown. — By Daniel KuhnLayer 2
More:
The Information, Finbold, Bloomberg, CoinDesk, Blockworks, Cointelegraph, Ethereum World News, CoinGape, CoinGeek, and Noob Botter Newsletter
Tweets: @lucasnuzzi and @fxmacro
| Helen Partz / Cointelegraph: |
More:
TheStreet, Fortune, Crypto Briefing, and Bitcoinist.com
Tweets: @_jefflau, @tree_of_alpha, @pledditor, @evgenygaevoy, and @wclementeiii
| Tanaya Macheel / CNBC: |
Solana crashes 30%+ to ~$18; bitcoin falls ~10% to ~$17,600 and briefly hit $17,300 on November 8, its lowest since November 2020; ether drops 15% to ~$1,250 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
The Block, The Block, CoinDesk, Bloomberg, The Block, Barron's Online, Cointelegraph, The Defiant, CoinGape, and NewsBTC
Tweets: @cz_binance, @cz_binance, @jerallaire, @noahpinion, @dylanleclair_, @lars0x, @wublockchain, and @riddle245
| Divya Balji / Bloomberg: |
More:
The Daily Hodl, Coinpedia Fintech News, Cointelegraph, and Forkast
Tweets: @brian_armstrong, @brian_armstrong, @brian_armstrong, @bennetttomlin, @seldo, @0x7d54, and @0xshittrader
| Jay Peters / The Verge: |
Twitter begins labeling select accounts “Official” as the new Blue launches; not all previously verified accounts will get the label, which won't be for sale — Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
More:
The Verge, The Verge, MacRumors, Associated Press, PCMag, Silicon Republic, Insider, BGR, Techdirt, 9to5Mac, CNBC, Digit, Wccftech, Android Headlines, and Music Ally
| Filipe Espósito / 9to5Mac: |
Apple is working on a Custom Accessibility Mode for iOS 16.2 beta 2, codenamed Clarity, helping make the iPhone's and the iPad's UI more user-friendly — Apple on Tuesday released iOS 16.2 beta 2 to developers as the company gets ready to make the update available to the public in December.
More:
MacRumors, AppleInsider, TechCrunch, BGR, and iThinkDifferent
Tweets: @parkerortolani and @tomclocke
| Thomas Germain / Gizmodo: |
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off — For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones …
More:
Tom's Guide, Philip Elmer‑DeWitt, and Mysk on YouTube
| Wall Street Journal: |
Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips — New facility would produce cutting edge 3-nanometer semiconductors — Taiwan Semiconductor Manufacturing Co. …
More:
9to5Mac, AppleInsider, MacRumors, MacDailyNews, Neowin, and Appuals.com
Tweets: @iron_man_actual and @matthew_pines
| Jem Aswad / Variety: |
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019 — It's a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube … | Tom Matsuda / The Block: |
Crypto payments startup Ramp raised a $70M Series B co-led by Mudabala Capital and Korelya Capital at an estimated $450M+ valuation — - Crypto payments firm Ramp has raised $70 million in Series B funding as the founder claims its valuation has increased by more than 50% in a “very healthy” up round.
More:
CoinDesk, Sifted, and Cointelegraph
| Frederic Lardinois / TechCrunch: |
IBM announces its Osprey quantum processor with 433 qubits, up from 127 qubits in the 2021 Eagle processor, and plans to hit 4,000 qubits by 2025 — IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we're not quite there yet. For now, we have to make do with …
More:
IBM Research Blog, Engadget, Wall Street Journal, Tech Monitor, Reuters, and VentureBeat
Tweets: @ibmresearch and @kylebrussell
| Nilay Patel / The Verge: |
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more — We also talk about AI and VR — but we know why you're here. … Dylan Field is the co-founder and CEO of Figma …
Tweets: @hdarshane
| James Vincent / The Verge: |
Q&A with the lawyers “challenging the legality of GitHub Copilot” through a proposed class action suit, which could have a huge impact on generative AI models — Microsoft, its subsidiary GitHub, and its business partner OpenAI have been targeted in a proposed class action lawsuit alleging … | Lauren Forristal / TechCrunch: |
Disney hit 235.7M global streaming subscribers in Q4, above Netflix's 223.1M in Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers … | James Batchelor / GamesIndustry.biz: |
Nintendo announces Nintendo Systems, a joint venture with DeNA, which co-developed Nintendo games for mobile like Super Mario Run, set to open in April 2023 — New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business — At a glance| Dylan Martin / The Register: |
Intel announces a new Xeon CPU family and updated data center GPUs, both part of the Max Series lineup, set to arrive in early 2023 — x86 giant goes all-in with high-bandwidth memory — Intel's latest plan to ward off rivals from high-performance computing workloads involves a CPU …
More:
VideoCardz.com, Intel, Network World, ServeTheHome, Club386, VentureBeat, ZDNet, The Next Platform, IT PRO, and TechPowerUp. Thanks:@dylanljmartin
Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Spotlight On:
VBSR 1.01: RTO is back (again) + data moats dry up + Sara vibecodes
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
Techmeme Ride Home:
OpenAI Acquihires Jony Ive!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
BG2 Pod:
AI, Middle East, China, Tariffs, Recon Bill, Invest America
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
Decoder with Nilay Patel:
Uber CEO Dara Khosrowshahi is okay with reinventing the bus
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Uncapped with Jack Altman:
David Tisch from BoxGroup
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, November 9, 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.
From Mediagazer
David Folkenflik / NPR:Adrià Calatayud / Wall Street Journal:
Jeremy Barr / Washington Post:
Upcoming Tech Events
More News
| Rebecca Elliott / Wall Street Journal: |
More:
The Hill, RTÉ, CNBC, The Guardian, Bloomberg, Reuters, Axios, TechSpot, Wccftech, Newser, Coinspeaker, Bitcoinist.com, and TIME
Tweets: @carlquintanilla and @carlquintanilla