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November 9, 2022, 9:40 AM
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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.
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New York Times, BBC, Reuters, TechCrunch, The Guardian, CNN, CoinDesk, Protocol, Washington Post, CNBC, Road to VR, Thurrott, The Economic Times, UploadVR, PCMag, Gizmodo, Insider, The Register, TechCrunch, Sifted, Forbes, Club386, The Verge, ZDNet, Game Developer, AppleInsider, Australian Financial Review, The Hill, Insider, Insider, The Block, The Information, NPR, Computerworld, SEC.gov, Insider, Associated Press, The Sun, BuzzFeed News, USA Today, Wall Street Journal, Tech Monitor, Engadget, Moneycontrol, International Business Times, TheGamer, TechCircle, Financial Times, VICE, Politico, BGR, SlashGear, ITV News, Neowin, PetaPixel, Gameranx, Wall Street Journal, The Guardian, Reuters, Mashable, CoinGape, BGR India, The Daily Beast, Wall Street Journal, Coinspeaker, Tech in Asia, Variety, Bitcoinist.com, Music Ally, Deadline, Inc42 Media, iMore, Growth Curve, The Full Belmonte, NBC News, TIME, Bloomberg, Axios, and That's so Meta
Tweets: @kenyafitdee, @juokaz, @naominixwrites, @sarthakgh, @alexvoica, @willoremus, @shiraovide, @shiraovide, @willoremus, @mcappetta, @andruyeung, @shitmgmtsays, @wolfejosh, @naijaflyingdr, @chigrl, @gergelyorosz, @gergelyorosz, @shiraovide, @sarthakgh, @jeffhorwitz, @gergelyorosz, @robtornoe, @robtornoe, @gergelyorosz, @gergelyorosz, @jason_kint, @grogsgamut, @thetranscript_, @newley, @sarthakgh, and @cokedupoptions
| 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.
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The Block, The Block, coinbase.com, New York Times, Insider, Semafor, Bloomberg, The Economic Times, Protocol, Crunchbase News, Finbold, The Block, BBC, Slate, Metaverse Post, CoinDesk, Reuters, Financial Times, Forkast, Fortune, NewsBTC, CryptoSlate, Cryptonews, MediaNama, Ed Zitron's Where's Your Ed At, Watcher Guru, CryptoGlobe, Coinspeaker, Decrypt, Blockonomi, Wall Street Journal, The Block, and Forbes
Tweets: @sbf_ftx, @cz_binance, @cryptomanran, @cz_binance, @benbybit, @zhusu, @sbf_ftx, @ericnewcomer, @sbf_ftx, @wassielawyer, @fintwit_news, @sbf_ftx, @sbf_ftx, @lizrhoffman, @cobie, @danprimack, @arthur_0x, @sbf_ftx, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @lizrhoffman, @vetlelunde, @lookonchain, @doug_hanks, @alex_valaitis, @chrisfralic, @robinwigg, @cobie, @cobie, @ftx_official, @scopeprotocol, @hsakatrades, @punk2670, @danprimack, @yassineark, @timccopeland, @mayazi, @punk9059, @hodlkryptonite, @robinwigg, @0xngmi, @tuurdemeester, @nic__carter, @dogetoshi, @carnage4life, @milesdeutscher, @cryptohayes, @cobie, @aridavidpaul, @hsakatrades, @algodtrading, @cl207, @claritytoast, @lizrhoffman, @dylanleclair_, @cobie, @hodlkryptonite, @cobie, @spreekaway, @marketsmeowmeow, and @wublockchain
| 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.
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The Block, Financial Times, Watcher Guru, Cointelegraph, Tech in Asia, NewsBTC, and Fortune
Tweets: @tier10k, @kantrowitz, and @evgenygaevoy
| 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 …
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Blockworks, Tech in Asia, Bitcoinist.com, and TheStreet
Tweets: @arthur_0x, @hsakatrades, and @0xfoobar
| 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 …
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The Block, The Block, Protos, crypto.news, CoinGape, Bitcoinist.com, Forkast, and Cointelegraph
| 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 …
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Bloomberg, Forbes, Inside Bitcoins, Cointelegraph, crv.mktcap.eth, Cryptonews, Nikkei Asia, Blockchain News, and Forkast
Tweets: @ben_mckenzie, @sino_market, @hsakatrades, @johnedeaton1, @btc_archive, @adamsamson, and @alistairmilne
| 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
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The Information, Bloomberg, Blockworks, Cointelegraph, CoinDesk, CoinGape, CoinGeek, and Noob Botter Newsletter
Tweets: @lucasnuzzi, @boazweinstein, @fxmacro, and @milesdeutscher
| Helen Partz / Cointelegraph: |
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TheStreet, Fortune, Crypto Briefing, and Bitcoinist.com
Tweets: @_jefflau, @evgenygaevoy, @tree_of_alpha, @pledditor, @evgenygaevoy, @evgenygaevoy, and @wclementeiii
| Tanaya Macheel / CNBC: |
Solana crashes 30%+ to ~$18; bitcoin falls 10%+ to ~$17,500 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
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The Block, CoinDesk, The Block, Bloomberg, The Block, Barron's Online, Cointelegraph, NewsBTC, CoinGape, The Block, and Reuters
Tweets: @cz_binance, @cz_binance, @jerallaire, @noahpinion, @wublockchain, and @riddle245
| Divya Balji / Bloomberg: |
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The Daily Hodl, Coinpedia Fintech News, Forkast, and Ethereum World News
Tweets: @brian_armstrong, @brian_armstrong, @brian_armstrong, @bennetttomlin, @seldo, @0x7d54, @0xshittrader, and @brian_armstrong
| Jay Peters / The Verge: |
Twitter plans to label select accounts “Official” when 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.
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The Verge, MacRumors, PCMag, Associated Press, Silicon Republic, Insider, BGR, Techdirt, 9to5Mac, Digit, CNBC, Wccftech, Android Headlines, and Music Ally
| 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 …
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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. …
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9to5Mac, AppleInsider, MacRumors, MacDailyNews, Neowin, and Appuals.com
| 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.
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MacRumors, AppleInsider, TechCrunch, BGR, and iThinkDifferent
Tweets: @parkerortolani and @tomclocke
| 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 … | 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
| 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
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Nintendo Corporation, GoNintendo, Pocket-lint, O'Grady's PowerPage, GamingBolt, and Game Developer. Tweets: @6d6f636869
| 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 …
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VideoCardz.com, Club386, VentureBeat, ZDNet, Intel, IT PRO, and ServeTheHome. Thanks:@dylanljmartin
| Rebecca Elliott / Wall Street Journal: |
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla — The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
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RTÉ, BBC, CNBC, The Guardian, Bloomberg, Axios, Reuters, TechSpot, Wccftech, Newser, Coinspeaker, Bitcoinist.com, TIME, and CoinGape
Tweets: @carlquintanilla and @carlquintanilla
| Financial Times: |
Sources: TikTok cut its 2022 revenue target from $12B-$14.5B to ~$10B in September, as some staff complain of overspending on salaries, social events, and more — Fast-growing social platform cuts ambitious goals by 20% as some staff complain of lavish spending
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PYMNTS.com, The Economic Times, The Information, and Music Ally
Tweets: @cristinacriddle and @trengriffin
| 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 …
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IBM Research Blog, Engadget, Reuters, and VentureBeat
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