Techmeme
November 14, 2022, 1:55 PM

Top News

Karen Weise / New York Times:
Sources: Amazon plans to lay off ~10,000 people in corporate and tech jobs, or ~3% of its corporate staff, as soon as this week, the largest cuts in its history  —  The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company's devices organization, retail division and human resources.
Sam Reynolds / CoinDesk:
Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance  —  Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.
Nic Carter / CoinDesk:
FTX's horrific collapse, the worst single event ever in crypto, will linger for years and shows why the industry needs to get serious about proving reserves  —  Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.
Brian Fung / CNN:
Jeff Bezos says he plans to give away the majority of his $124B net worth, but offers few specifics; Bezos has been criticized for not signing the Giving Pledge  —  Exclusive: Amazon founder Jeff Bezos says he'll give away his wealth  —  Twitter users are flocking to Mastodon.  What is it?
Richard Rushfield / The Ankler:
Source: Michael Lewis shadowed Sam Bankman-Fried for the past six months and CAA is pitching Lewis' yet-to-be-written book on FTX's collapse to Hollywood buyers  —  Author compares Sam Bankman-Fried, Binance's CZ to ‘Luke Skywalker and Darth Vader’ in email sent by CAA  —  In this issue:
Reuters:
An investigation finds thousands of iOS and Android apps, including from the CDC and US Army, used Russia-based tech company Pushwoosh's code for notifications  —  Thousands of smartphone applications in Apple (AAPL.O) and Google's (GOOGL.O) online stores contain computer code developed …
Lora Kolodny / CNBC:
Sources and docs: Elon Musk's SpaceX orders a large Twitter ad package, promoting Starlink in a “takeover” in Spain and Australia that can cost $250K+ per day  —  - Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …
Brad Stone / Bloomberg:
Sequoia's 14,000-word SBF profile by journalist Adam Fischer was mishandled and, since being deleted, has served no purpose other than to embarrass the firm  —  A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation.  But first...
Josh Eidelson / Bloomberg:
Interviews with dozens of Apple Store employees in nine US cities show rising dissatisfaction thanks to increasing pressure to upsell, leading some to unionize  —  The Apple Store where you'll do some holiday shopping this year looks the same as always.  White-oak tables in neat rows welcome …
Benj Edwards / Ars Technica:
DeviantArt announces DreamUp, a text-to-image generator based on Stable Diffusion, drawing intense criticism from its artist community  —  Confused artists discover their work will be used for AI training by default.  —  On Friday, the online art community DeviantArt announced DreamUp …

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More News

Earlier Picks

Bloomberg:
Casey Newton / @caseynewton:
Nikhilesh De / CoinDesk:
Molly White / Web3 is going just great: