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November 14, 2022, 3:25 PM
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| Karen Weise / New York Times: |
Sources: Amazon plans to cut ~10,000 corporate and tech jobs, or ~3% of its corporate staff and the largest cuts in its history, starting as soon as this week — 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.
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Tweets: @ranimolla, @kittypurrzog, @jordynjournals, @tomgara, @samro, @samro, @shayxonline, @aishagani, @fgoria, @deitaone, @ldrogen, @carnage4life, and @kyweise
| Sam Reynolds / CoinDesk: |
Binance announces a recovery fund to help “otherwise strong” crypto projects in a liquidity crisis; Tron, Huobi, and Poloniex plan to support the initiative — Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.
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| Nic Carter / CoinDesk: |
The fallout from FTX's fraud-driven collapse, the worst single event ever in crypto, will linger for years and shows it's time for exchanges to prove 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.
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| Brian Fung / CNN: |
Jeff Bezos says he plans to give away most of his $124B in his lifetime, but offers few specifics; critics have chided Bezos 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?
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| Matt Levine / Bloomberg: |
Analysis of FTX's calamitous balance sheet and Serum, a coin and protocol created by FTX, marked as the largest “deliverable” asset at ~$5.4B before November 8 — The box — There is so much, but I want to start with Serum. — If a troubled company has a few days … | Richard Rushfield / The Ankler: |
Source: Michael Lewis shadowed Sam Bankman-Fried for the past six months and the CAA is pitching Lewis' yet-to-be-written book on FTX's fall 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:
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Mercury News, Benzinga, MacroCrunch, Philip Elmer‑DeWitt, Forbes, Telegraph, Daily Mail, Gizmodo, The Overspill, and CoinGape
Tweets: @janicemin, @loganbartlett, @lilmoonlambo, @janicemin, @trungtphan, @epsilontheory, @newley, @pkedrosky, @dogetoshi, @olivianuzzi, @kjhealy, @bondhack, @film_girl, @caitlinlong_, @mhonkasalo, @degenspartan, @functi0nzer0, @fredbenenson, @ben_mckenzie, @benjysarlin, @smtuffy, and @silvermanjacob
| Reuters: |
Investigation: thousands of iOS and Android apps, including by the CDC, the US Army, the NRA, and Unilever, used Russia-based Pushwoosh's tech for notifications — Thousands of smartphone applications in Apple (AAPL.O) and Google's (GOOGL.O) online stores contain computer code developed …
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Metacurity, AppleInsider, Computerworld, Slashdot, PCMag, Appuals.com, 9to5Mac, and Pushwoosh
Tweets: @pearswick, @mxbernhard, @pearswick, @pearswick, @stick631, @kimzetter, @pearswick, @razhael, and @davidalexander5
| Lora Kolodny / CNBC: |
Sources and docs: Elon Musk's SpaceX spent $160K+ so far on a Twitter ad package to promote Starlink in Spain and Australia in a “takeover” of the main timeline — - Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …
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Bloomberg, VICE, CNN, Gizmodo, PCMag, 9to5Mac, Los Angeles Times, MobileSyrup, Coinspeaker, Reuters, WRAL TechWire, Insider, Watcher Guru, Mashable, Neowin, Notebookcheck.net, CoinGape, and City A.M.
Tweets: @elonmusk, @lorakolodny, @rmac18, @drewharwell, @lorakolodny, @mslopatto, @docadam, @iseff, @bethbourdon, @embryethan, @blackstemusa, @owillis, @filippie509, @maplecocaine, @axellycan, @walkerbragman, @mrstuartforrest, @andylevy, @shannonmstirone, @david_j_roth, @john_hempton, @jason_kint, @johndiesattheen, and @jordanzakarin. Thanks:@mattrosoff
| Cecilia Kang / New York Times: |
Google agrees to a record $391.5M privacy settlement with 40 state AGs over charges the company misled users into thinking they had disabled location tracking — Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement, Google must …
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doj.state.or.us, CT.gov, Gizmodo, TechCrunch, NPR, Associated Press, The Record, BleepingComputer, Wall Street Journal, Engadget, State of Michigan, Reuters, Bloomberg, Oregonian, CNBC, SlashGear, WRAL TechWire, and Near Media
Tweets: @agellison and @jason_kint
| Brad Stone / Bloomberg: |
Sequoia's mishandling of its 14,000-word SBF profile by journalist Adam Fischer and then deleting it served no purpose other than to embarrass everyone involved — A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation. But first...
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TechCrunch and New York Times
| Josh Eidelson / Bloomberg: |
Interviews with dozens of Apple Store employees across nine US cities show rising dissatisfaction due 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 powered by Stable Diffusion, and plans to use its community's art for the AI training, drawing criticism — Confused artists discover their work will be used for AI training by default. — On Friday, the online art community DeviantArt …
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Garbage Day, Engadget, New York Post, Music Ally, TechCrunch, Kotaku, and PCMag
Tweets: @deviantart, @svltart, @deviantart, @ianfayart, @arvalis, @elonjames, @geneljumalon, @ricecorpse, @wickedinsignia, @snuffles, and @andantonius
| Andrew Asmakov / Decrypt: |
Binance plans to implement a new Proof-of-Reserves protocol developed by Ethereum co-founder Vitalik Buterin after sharing a snapshot of its wallets last week — As the FTX collapse highlighted the urgency for more transparency among crypto exchanges, Chanpeng “CZ” Zhao said Binance is working … Sponsor Posts
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