|
November 10, 2022, 3:00 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Sam Bankman-Fried / @sbf_ftx: |
[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more — 1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
More:
The Block, CoinDesk, New York Times, Axios, CoinDesk, New York Post, The Verge, CoinDesk, The Economic Times, Decrypt, Blockworks, Bloomberg, Fortune, On my Om, CoinDesk, PC Gamer, VICE, Wall Street Journal, Cointelegraph, Reuters, Financial Times, The Daily Hodl, Bloomberg, CoinDesk, and Ethereum World News
Tweets: @tackettzane, @sbf_ftx, @sbf_ftx, @sbf_ftx, @sbf_ftx, @danielsloeb1, @ercwl, @levie, @sbf_ftx, @danprimack, @grdecter, @teo_leibowitz, @dogetoshi, @paikcapital, @bongcapital, @vitalikbuterin, @fintechfrank, @interfluidity, @mekhoko, @cobie, @fintechfrank, @jessicalessin, @jessicalessin, @jeuasommenulle, @marionawfal, @senatebanking, @ryansadams, @cobie, @mikeisaac, @cobie, @rmfifthcircuit, @ashleevance, @sbf_ftx, @levie, @felixsalmon, @levie, @bneiluj, @alex_kirshner, @d1nomite, @bobloukas, @sayssimonson, @farokh, @hbomberguy, @alexhern, @twobitidiot, @fmanjoo, @el33th4xor, @coindesk, and @coindesk
| Reuters: |
Sources detail FTX's rise and fall: Changpeng Zhao's ~$100M investment in 2019, the souring Binance relationship, Alameda's series of losses in 2022, and more — On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message.
More:
The Block, Wall Street Journal, CoinDesk, Decrypt, Bloomberg, Bloomberg, AppleInsider, and CryptoPotato
Tweets: @wublockchain, @snarkyzk, @silvermanjacob, @hashoshi4, and @lopezlinette
| Wall Street Journal: |
Source: SBF told investors that Alameda owes FTX ~$10B and FTX extended loans to Alameda using customer funds, describing the decision as a poor judgment call — FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion
More:
Reuters, The Verge, Bloomberg, The Block, The Block, CoinDesk, Decrypt, PYMNTS.com, The Block, The Guardian, Financial Times, CryptoSlate, and Wccftech
Tweets: @deitaone, @deitaone, @kadhim, @kadhim, @iamdcinvestor, @0xfoobar, @adamscochran, @tier10k, and @matthewfoldi
| Bryce Elder / Financial Times: |
As FTX faces bankruptcy, an attempt to untangle its extremely complex corporate structure, which could pose a problem for liquidators and law enforcement — Relationship status: it's complicated — With crypto exchange FTX short $8bn and hurtling towards bankruptcy … | Oliver Knight / CoinDesk: |
Tether freezes FTX's $46M in USDT on the Tron blockchain at the request of law enforcement while investigations occur — The stablecoin lost its $1 peg earlier on Thursday. — Stablecoin issuer Tether has frozen $46 million of USDT held on the Tron blockchain by failing crypto exchange FTX following a request from law enforcement.
More:
Reuters, Blockworks, The Block, Cryptonews, CoinGape, Cointelegraph, Ethereum World News, and The Block
Tweets: @whale_alert, @tier10k, @pentosh1, and @whale_alert
| Dan Primack / Axios: |
Sequoia tells partners the firm marked down its FTX investment of $213.5M across two funds to $0, saying it “ran a rigorous diligence process” before investing — - Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund's total capital commitment.| Callan Quinn / The Block: |
Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund — - Binance has released the addresses of its hot and cold wallets. — It provided a snapshot of its current holdings.| Gillian Tan / Bloomberg: |
More:
Wall Street Journal, CoinDesk, and Insider
Tweets: @tier10k, @reptomemmer, @cz_binance, @aeyakovenko, @jerallaire, @zhusu, and @ercwl
| Nikhilesh De / CoinDesk: |
More:
The Block, Axios, CryptoSlate, and CNBC
| Wall Street Journal: |
More:
Whitespace, The i Paper, Reuters, CoinDesk, Reuters, CNBC, Blockworks, Decrypt, PYMNTS.com, Cointelegraph, Bloomberg, Reuters, The Block, CNN, Coinpedia Fintech News, wavWRLD's wavLETTER, and AltFi
Tweets: @binance, @justinsuntron, @cz_binance, @halocrypto, @cobie, @cz_binance, @jespow, @genesistrading, @binance, @zebulgar, @stoolpresidente, @sbf_ftx, @tier10k, @hsakatrades, @paoloardoino, @tier10k, @fintechfrank, @cz_binance, @astro__magic, @jespow, @firstadopter, @autismcapital, @1markmoss, @doombergt, @ianthetechie, @iamdcinvestor, @wassielawyer, @hsakatrades, @cobie, @p3b7_, @cryptohayes, @cmsintern, @adamscochran, @binance, @goodalexander, @ldrogen, @cobie, @rajgokal, and @henrytheeth
| Alex Heath / The Verge: |
Sources: Twitter's chief privacy officer, CISO, and chief compliance officer have resigned; legal now asks engineers to “self-certify” compliance with FTC rules — Twitter's privacy and security teams are in turmoil after Elon Musk's changes to the service bypassed its standard data governance processes.
More:
Tech Policy Press, NBC News, The Register, TechCrunch, International Business Times, CNN, Engadget, Bloomberg, AppleInsider, Reuters, Forbes, Politico, and DataBreachToday.com
Tweets: @leakissner, @caseynewton, @cat_zakrzewski, @mmasnick, @thezedwards, @mariannefogarty, @popehat, @reckless, @caseynewton, @alexeheath, @caseynewton, @alexeheath, @riana_crypto, @riana_crypto, @justinhendrix, @cat_zakrzewski, @oneunderscore__, @josephmenn, @jonquilynhill, @carnage4life, @chadloder, @tomcoates, @hypatiadotca, @tomcoates, @reckless, @mmasnick, @evacide, @mmasnick, @caseynewton, @caterina, @alexstamos, @alexstamos, @riana_crypto, @tindenli, @mmasnick, and @sherman4949
| Kurt Wagner / Bloomberg: |
In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and bans remote work, saying employees must be in the office 40+ hours per week — New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for …
More:
New York Times, Ars Technica, USA Today, The Verge, Thurrott, TheStreet, New York Post, MobileSyrup, Newser, Financial Times, BBC, and Tech Xplore
Tweets: @gergelyorosz, @sh4na, @chrischirp, @sarahfrier, and @louiseridley
| The Verge: |
Elon Musk says Twitter will not survive “without significant subscription revenue” and that the company needs roughly half of revenue to come from subscriptions — Elon Musk has sent his first email to Twitter employees, warning them to prepare for a “dire” economy and putting an immediate end to remote work.
More:
Bloomberg, Ars Technica, and WRAL TechWire
Tweets: @tsimonite, @elonjames, @lydiakiesling, @ghostfinder, @_zeets, @_bencrawford_, @infrahumano, @miketanier, @kantrowitz, @monikabauerlein, @theromit, and @advil
| Kif Leswing / CNBC: |
Apple plans to launch Emergency SOS with Satellite in November and pay $450M to US companies enabling the texting feature, with the majority going to Globalstar — - Apple said Thursday that it will spend $450 million with U.S. companies including Globalstar to enable its new emergency satellite texting feature.
More:
Apple, Computerworld, PCMag, ZDNet, CNET, Macworld, fpt., KnowTechie, Tom's Guide, BigTechWire, Cult of Mac, iPhone in Canada Blog, MacRumors, TechSpot, and Mashable. Tweets: @tim_cook
| Wall Street Journal: |
Sources: Amazon started a monthslong cost-cutting review of its unprofitable businesses, like its devices unit, which had a $5B+ operating loss in recent years — Review takes a close look at devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show
More:
CNN, Insider, SiliconANGLE, Financial Times, Fortune, and Bloomberg
Tweets: @ben11kehoe, @quinnypig, and @tcarmody
| Mark Gurman / Bloomberg: |
Apple limits iOS' AirDrop in China for receiving files from non-contacts to 10 minutes after its use in protests, and plans to change the global default in 2023 — Apple Inc. has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
More:
9to5Mac, Insider, Thurrott, Gizmodo, The Verge, TechCrunch, MacDailyNews, and iPhone in Canada Blog
Tweets: @zeyiyang and @therealjoshye
| Taylor Hatmaker / TechCrunch: |
Fake Twitter accounts of athletes and other celebrities, some now suspended, are spreading fake announcements and chaos as paid Blue checkmarks become available — Elon Musk's mercurial leadership and half-baked product plans are already creating fertile ground for confusion on Twitter.
More:
Ars Technica, The Verge, The Verge, TechCrunch, The Week, Bloomberg, Forbes, AppleInsider News, Fortune, MobileSyrup, Polygon, Variety, Destructoid, Android Headlines, NBC News, and GameSpot
| Kyle Wiggers / TechCrunch: |
More:
Washington Post, Insider, NBC News, MobileSyrup, fpt., iMore, Mashable, and Kotaku
Tweets: @elonmusk, @waemd, @esthercrawford, @mcuban, @esthercrawford, @jasonschreier, @elonmusk, @esqueer_, @mmasnick, @dangeredwolf, @mkbhd, @fascinated, @mattbinder, @alexvtunzelmann, @enichan, @mds, @levie, @caseynewton, and @raykump
| Sarah Perez / TechCrunch: |
Google expands its user third-party billing pilot to the US, Brazil, and South Africa, with Bumble and Spotify, which will roll out its test this week — Google today announced it's expanding its user choice billing pilot, which allows Android app developers to use other payment systems besides Google's own.Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) 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 (experimental) 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 CRM for Everyone - No More Missed Customers — Evolution is the secret of survival; everything that thrives in the world operates by that principle. Animals, people, technology, products, businesses—and software, too.
Zoho CRM for Everyone - No More Missed Customers — Evolution is the secret of survival; everything that thrives in the world operates by that principle. Animals, people, technology, products, businesses—and software, too.
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
Techmeme Ride Home:
Airbnb's Midlife Transformation
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Azeem Azhar's Exponential View:
China's catching up to US AI... Here's why it won't matter
Azeem Azhar explores how AI and exponential technologies are shaping our future.
Subscribe to Azeem Azhar's Exponential View.
Channels with Peter Kafka:
How Apple trapped itself in China
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
The Logan Bartlett Show:
Debunking Healthcare's Biggest Myths with Zach Weinberg and Derek Thompson
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Spotlight On:
Supabase's Paul Copplestone on the difference between "playing startup" and strategy
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
Invest Like the Best:
Royce Yudkoff & Rick Ruback - Entrepreneurship Through Acquisition
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 3:00 PM ET, November 10, 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
Charlotte Tobitt / Press Gazette:Richard Headland / Press Gazette:
Paul Farhi / Vanity Fair:
Upcoming Tech Events
Earlier Picks
| Sara Fischer / @sarafischer: |
More:
Vox, Adweek, Axios, Engadget, and The Economic Times
Tweets: @mshannahmurphy, @nandoodles, @justinhendrix, and @oneunderscore__