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November 23, 2022, 1:45 AM
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| Nikhilesh De / CoinDesk: |
SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
More:
South China Morning Post, Fortune, and Financial Times
Tweets: @lizrhoffman, @adamscochran, @austen, and @mdudas
| Berber Jin / Wall Street Journal: |
Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments — Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange
More:
The Information, Bloomberg, PYMNTS.com, MarketWatch, SlashGear, and Crowdfund Insider
Tweets: @howardlindzon, @scottmelker, @berber_jin1, @joeemison, and @carnage4life
| New York Times: |
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CoinDesk. Tweets: @kenvogel, @flitteronfraud, @matthewstoller, @ryanberckmans, @mayazi, @philipletsou, @kenvogel, and @reedgalen
| Koh Gui Qing / Reuters: |
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Financial Times, New York Times, Fortune, Insider, Forbes, Alexander COVID News …, Crypto Adventure, Cryptopolitan, CryptoPotato, The Guardian, and Bloomberg
Tweets: @pelositracker_, @grdecter, @niubi, @wallstreetsilv, @eliotwb, @niubi, @epsilontheory, @lilmoonlambo, @rwpusa, @silvermanjacob, @epsilontheory, @wsbchairman, @ericliptonnyt, @buccocapital, @neontaster, @ledgerstatus, @adamscrabble, @baldingsworld, @coryklippsten, @wsbchairman, @spencerjakab, @tombevanrcp, @tombevanrcp, @biohazard3737, @zerohedge, @trader1sz, @grdecter, @jeffhauser, @carnage4life, @teddyschleifer, @revshark, @packym, @scottmelker, @raph_bloch, @johnedeaton1, @smtuffy, and @smtuffy
| 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, Observer, SlashGear, and Twitter is Going Great!
Tweets: @mikeisaac, @rmac18, @toluogunlesi, @whet, @jcoviedo6, @mattbilinsky, @briannawu, @goldman, @ryanlcooper, @richsignorelli, and @benryanwriter
| 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:
The Verge, CoinDesk, Insider, and Twitter is Going Great!
| Alex Heath / The Verge: |
More:
The Verge, Ars Technica, Wall Street Journal, Trak.in, Techdirt, Social Media Today, SiliconANGLE, Observer, San Francisco Business Journal, Thurrott, WeRSM, The Hill, and Fortune
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, @alexeheath, @alexeheath, @martinsfp, @thecriticaldri2, @lilahsturges, @carnage4life, @alexhern, @notcapnamerica, @pleasebegneiss, @pnjaban, @growing_daniel, @vkostyukov, @brianmfloyd, @saradannerdukic, @_alialkhatib, @itguy1959, @eevee, @adamsessler, @gergelyorosz, @dantley, @film_girl, @jodiecongirl, @metareflexive, @philmcduff, @alexeheath, @siruihua, @lib_crusher, @themaxburns, @alexeheath, @zenofdesign, @growing_daniel, and @genzforchange
| 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, Mashable, and Twitter is Going Great!
| 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:
Caterina.net, Gizmodo, and Twitter is Going Great!
Tweets: @davidakaye, @wongmjane, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @kantrowitz, and @davidakaye
| 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, Cointelegraph, CryptoGlobe, Decrypt, Crypto Briefing, 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, @delphi_digital, @kadhim, @twobitidiot, @marionawfal, @mtrl_scientist, @delphi_digital, @tier10k, @twobitidiot, @kyledoops, @cryptocronkite, @jdorman81, @tier10k, @darealmilkbagz, @dylanleclair_, @iamdcinvestor, @tier10k, @laurashin, @drnicka, @sicarious_, and @highcoinviction
| 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, The Register, Neowin, MSPoweruser, Phoronix, and OnMSFT.com
Tweets: @shanselman, @kelseyhightower, @etchedpixels, and @technige
| Bloomberg: |
Sources: hundreds of Foxconn workers at Apple's iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fear — Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled …
More:
Reuters, BBC, Associated Press, and CNET
| Denny Jacob / Wall Street Journal: |
HP to lay off 4,000 to 6,000 employees, or up to ~10% of its workforce, over the next three years as part of a plan 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, The Register, BGR India, Oregonian, SiliconANGLE, Channel Futures, CRN, Fortune, Axios, CNET, Reuters, and San Francisco Business Journal
Tweets: @carlquintanilla and @kasdad
| Ken Sweet / Associated Press: |
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now — Lawyers for FTX disclosed Tuesday that a “substantial amount” of assets has been stolen from the accounts …
More:
Wall Street Journal, New York Times, YouTube, CNBC, Financial Times, Yahoo Finance, New York Post, Ethereum World News, CoinDesk, New York Magazine, CNN, TechCrunch, The Block, WRAL TechWire, Reuters, Cointelegraph, CoinDesk, and CoinGape
Tweets: @jacqmelinek, @reuters, @davidgura, @autismcapital, @kadhim, @ericbalchunas, @adamscochran, @intangiblecoins, @tier10k, @autismcapital, @tbr90, @blevimyers, @tombevanrcp, @ryan_browne_, @davidgura, @autismcapital, @tree_of_alpha, @davidgura, @kadhim, @kensweet, @kadhim, @matthewstoller, @markamesexiled, @tier10k, @davidgura, @nikhileshde, @akikofujita, @alexqgb, and @tier10k
| Eliza Gkritsi / CoinDesk: |
More:
Forbes, The Block, Bloomberg, The Daily Hodl, and Australian Financial Review
Tweets: @jeffkauflin, @evgenygaevoy, @im_goomba, @mark_dow, @sherlock_hodles, @ericzhu105, and @parabolit
| 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?| 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, Kotaku, Social Media Today, Neowin, SiliconANGLE, and PCMag
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