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November 23, 2022, 5:05 AM
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WeSmirchTop News
| Nikhilesh De / CoinDesk: |
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
More:
Insider, Bloomberg, South China Morning Post, The Block, and Financial Times
Tweets: @lizrhoffman, @lizrhoffman, @crypto_bitlord7, @amasad, @johnnyp135dfs, @milessuter, @futurenomics, @satsdart, @investmentshulk, @neiljacobs, @ldrogen, @ercwl, @davidbelle_, @rnr_0, @alexhern, @inartecarlodoss, @andy8052, @caspiancey, @thormaximalist, @smtuffy, @macrocephalopod, @longshorttrader, @iamdcinvestor, @austen, @thormaximalist, @billym2k, @lynaldencontact, @nic__carter, @wallstreetsilv, @stackersatoshi, @wublockchain, @thecryptomars, @lilmoonlambo, @doombergt, @wallstreetsilv, @iamdcinvestor, @iamdcinvestor, @iamdcinvestor, @zerohedge, @doombergt, @lizrhoffman, @lizrhoffman, @lizrhoffman, @smtuffy, @nlw, @amasad, @maxboonen, @carnage4life, @silvermanjacob, @j_dot_j, @alistairmilne, @wublockchain, @adamscochran, @autismcapital, @mdudas, @jgreco, @adamscochran, @johnedeaton1, @trader1sz, @austen, @mdudas, @carnage4life, @frances_coppola, and @renato_mariotti
| Berber Jin / Wall Street Journal: |
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments — Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange
More:
Bloomberg, The Information, Tech in Asia, PYMNTS.com, SlashGear, MarketWatch, and Crowdfund Insider
Tweets: @schuldensuehner, @lizhabib, @howardlindzon, @scottmelker, @berber_jin1, @heathersomervil, @joeemison, and @carnage4life
| Ken Sweet / Associated Press: |
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Wall Street Journal, New York Times, CNBC, CoinJournal, BBC, Financial Times, Panda Security Mediacenter, and CoinDesk
Tweets: @jacqmelinek, @davidgura, @autismcapital, @kadhim, @ericbalchunas, @adamscochran, @intangiblecoins, @tier10k, @autismcapital, @tbr90, @reuters, @blevimyers, @tombevanrcp, @ryan_browne_, @davidgura, @autismcapital, @tree_of_alpha, @davidgura, @kadhim, @kensweet, @kadhim, @matthewstoller, @markamesexiled, @tier10k, @davidgura, @nikhileshde, @akikofujita, @alexqgb, and @tier10k
| New York Times: |
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses — Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company's vendors have gotten stiffed.
More:
Insider, SlashGear, and Twitter is Going Great!
| Liz Hoffman / Semafor: |
Despite Elon Musk publicly distancing himself from SBF, texts between them on May 5 show SBF rolled over $100M in Twitter stock during Musk's takeover — Elon Musk used Twitter, the platform he now owns, to gleefully mock the meltdown of the crypto exchange FTX.
More:
International Business Times, Insider, The Verge, Twitter is Going Great!, and CoinDesk
Tweets: @bestofdyingtwit, @elonmusk, @mattyglesias, @jamessurowiecki, @reedalbergotti, @kelseytuoc, @cwarzel, @gerritd, @semaforben, @semafor, @jason, @parismarx, @rp_griffin, @kwerb, @karaswisher, @bennetttomlin, @rmac18, @219_eth, @carlquintanilla, @chuckrossdc, @budrykzack, @joshtpm, @caseynewton, @jdcmedlock, @mchalfant16, and @rachelhaot
| Alex Heath / The Verge: |
| Bloomberg: |
Sources: hundreds of Foxconn workers at the iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fears — Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost …
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Associated Press, MacRumors, The Information, TechCrunch, Wall Street Journal, Reuters, The Guardian, BBC, Fossbytes, CNET, and Neowin
Tweets: @pelstrom, @sentdefender, @bibekbhandari, @dylanfrank21, @williamyang120, @williamyang120, @nrg8000, @chinalaborwatch, @tw_tomy7, @tw_tomy7, @nrg8000, @gundamnorthrop, @tculpan, @saikirankannan, @byron_wan, @smritisharma_, @stephenmcdonell, @byron_wan, @violazhouyi, @nrg8000, @violazhouyi, @niubi, @niubi, @oliviasolon, @fangshimin, @tobitac, @matthew_pines, @pelstrom, @tommackenzietv, @keithmccullough, @amberchoudhury, @pelstrom, @jorge_guajardo, @dtiffroberts, @shashidigital, and @ryan_chua
| Sergiu Gatlan / BleepingComputer: |
Windows Subsystem for Linux is now generally available for Windows 10 and 11 via the Microsoft Store, as Microsoft makes the Store version of WSL the default — Microsoft announced today that the Store version of Windows Subsystem for Linux (WSL) is generally available for Windows 10 and 11 customers.
More:
Windows Command Line, Windows Report, MSPoweruser, Phoronix, OnMSFT.com, The Register, and Neowin
Tweets: @shanselman, @kelseyhightower, @etchedpixels, @technige, and @thiojoe
| Washington Post: |
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks — More than a third of Twitter's top 100 clients have not advertised on the platform in the past two weeks, data shows
More:
MediaNama, Newser, Gizmodo, and Twitter is Going Great!
Tweets: @sameer_singh17, @davidakaye, @wongmjane, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @kantrowitz, @davidakaye, @sethabramson, and @aroondeep
| Washington Post: |
Sources detail Elon Musk's rapid dismantling of Twitter's safety work, narrowing its scope to whatever he deems violent, threatening “sticks and stones” talk — Amid the wider turmoil since his takeover last month, Musk has moved rapidly to undermine Twitter's deliberative content-moderation system.
More:
Insider and Twitter is Going Great!
| Bloomberg: |
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG — The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
More:
New York Times, Wall Street Journal, CoinDesk, Financial Times, Bitcoin News, Crypto Briefing, Cointelegraph, and CryptoSlate
Tweets: @tier10k, @tier10k, @fintechfrank, @ap_archpublic, @tier10k, @wintonark, @tree_of_alpha, @joeconsorti, @delphi_digital, @pythianism, @tier10k, @loopifyyy, @ap_archpublic, @mylesudland, @dylanleclair_, @mikeburgersburg, @fintechfrank, @ek_hudson, @gainzy222, @charliebilello, @delphi_digital, @nachotrades, @danheld, @wublockchain, @delphi_digital, @kadhim, @twobitidiot, @marionawfal, @mtrl_scientist, @delphi_digital, @tier10k, @twobitidiot, @kyledoops, @cryptocronkite, @jdorman81, @tier10k, @darealmilkbagz, @dylanleclair_, @iamdcinvestor, @tier10k, @laurashin, @drnicka, @sicarious_, and @highcoinviction
| Anton Shilov / Tom's Hardware: |
Research: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009 — Intel solidifies GPU positions amid graphics market slump. — Shipments of integrated and discrete graphics processing units dropped … | Denny Jacob / Wall Street Journal: |
HP plans to lay off 4,000-6,000 employees, or up to ~10% of its workforce, over the next three years, aiming to achieve $1.4B in annualized cost savings — Dell warns of a worsening decline after a 17% drop in third-quarter laptop and desktop sales — HP Inc. HPQ 0.75%increase …
More:
CNBC, Silicon Republic, RTÉ, The Register, Oregonian, SiliconANGLE, The Overspill, Channel Futures, Fortune, CNET, Axios, Reuters, CRN, and San Francisco Business Journal
Tweets: @carlquintanilla and @kasdad
| Jeff Horwitz / Wall Street Journal: |
Facebook's Q3 Widely Viewed Content Report: in a first, none of the top 20 posts broke platform rules; sources detail Meta's latest fight against spammy content — Third-quarter content report shows only one in the top 20 posts qualified as engagement bait — What's Behind Social Media Spambots and Can They Be Stopped?
More:
Meta, CNN, The Hacker News, CNET, Social Media Today, and Adweek
| Mack DeGeurin / Gizmodo: |
Meta's researchers detail Cicero, an AI trained to “human level performance” in negotiation-based strategy game Diplomacy, ranking in the top 10% over 40 games — Ever since IBM's Deep Blue artificial intelligence system defeated world chess champion Garry Kasparov at his own game in 1997 …
More:
Meta AI, Science, Meta, The Register, Social Media Today, Kotaku, and Neowin
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Tweets: @sassal0x, @haileylennonbtc, @nonfungiblenoah, @cryptoncoffeee, @c1aranmurray, @petrifytcg, and @iansagstette
| Samuel Stolton / Politico: |