Techmeme
November 18, 2022, 4:50 PM

Top News

New York Times:
Sources: some internal estimates show 1,200+ full-time Twitter employees resigned on November 17; Twitter went from 7,500 to ~3,700 staff after mass layoffs  —  Mr. Musk sent emails on Friday asking to learn about Twitter's underlying technology as key infrastructure teams have been decimated.
The Verge:
Hundreds of Twitter employees post farewell messages and salute emojis in Slack and tweets, announcing their resignations after Elon Musk's “hardcore” ultimatum  —  Musk gave Twitter staff a deadline to say if they are staying for his cultural reset of the company.
More: New York Times, Fortune, The Guardian, Washington Post, The Block, Bloomberg, Bloomberg, Reuters, Bloomberg, CNN, iMore, Politico, Reuters, San Francisco Chronicle, Wall Street Journal, Search Engine Land, Read Max, The Register, Insider, CNBC, Bloomberg, London Evening Standard, Quartz, Gizmodo, Daring Fireball, Ars Technica, Android Central, Fox News, Fear and Loathing …, Protocol, BBC, Twitter is Going Great!, the ryan king, Tom's Guide, Associated Press, CoinGape, KnowTechie, Tech Xplore, Android Headlines, The Economic Times, Variety, Pocket-lint, Bitcoinist.com, Firstpost Tech, and Newser
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AJ McDougall / The Daily Beast:
Sources: Twitter disables badge access and shuts down offices until at least November 21, reportedly fearing “sabotage” after a large number of staff resigned  —  The temporary closure of the company's offices comes as the billionaire is reportedly “terrified employees are going to sabotage the company.”
Bloomberg:
Elon Musk / @elonmusk:
[Thread] Elon Musk says “new Twitter policy” will deboost and demonetize “negative/hate tweets”, reinstates Kathy Griffin, Jordan Peterson, and Babylon Bee  —  New Twitter policy is freedom of speech, but not freedom of reach. Negative/hate tweets will be max deboosted & demonetized, so no ads or other revenue to Twitter. You won't find the tweet unless you specifically seek it out, which is no different from rest of Internet.
Wall Street Journal:
Sources: ~$300M of $420M from an FTX raise in October 2021 went to SBF in a share sale that he said was partial reimbursement for buying out Binance's stake  —  Cryptocurrency-exchange founder told investors last year that the share sale was partial reimbursement of money he'd spent to buy out rival Binance's stake
Will Douglas Heaven / MIT Technology Review:
Meta AI and Papers with Code pull Galactica, a large language model to generate scientific text, days after its launch, amid criticism about incorrect results  —  Galactica was supposed to help scientists.  Instead, it mindlessly spat out biased and incorrect nonsense.
Sergiu Gatlan / BleepingComputer:
The FBI says the Hive ransomware gang has extorted ~$100M from 1,300+ organizations, including government facilities and public health entities, since June 2021  —  The Federal Bureau of Investigation (FBI) said today that the notorious Hive ransomware gang has successfully extorted roughly $100 million …
Nansen:
An in-depth look at FTX and Alameda shows UST's collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen's research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways
Forbes:
A profile of Caroline Ellison, the risk-loving, “very mathy” Alameda Research CEO that sources say was “virtually invisible” in Alameda's last days  —  Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks.
Kirsten Korosec / TechCrunch:
Internal email: autonomous delivery startup Nuro is laying off 300 people, or 20% of its workforce, to preserve cash, and says it has $1B on its balance sheet  —  Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people …
More: The Verge and Nuro

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Annie Palmer / CNBC: