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December 5, 2022, 8:15 AM
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| Joshua Oliver / Financial Times: |
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau …
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Wall Street Journal, Bloomberg, Decrypt, CryptoPotato, crypto.news, Mailchimp, Inside Bitcoins, Axios, Coinspeaker, Micky, Bloomberg, Reuters, Cointelegraph, The Block, Forkast, and CryptoGlobe
Tweets: @sbf_ftx, @repmaxinewaters, @autismcapital, @brian_armstrong, @billackman, @brian_armstrong, @autismcapital, @adamsamson, @bryvkin, @jbarro, @aosipovich, @wclementeiii, @billackman, @jimiuorio, @tree_of_alpha, @interfluidity, @doombergt, @smdiehl, @bitfinexed, @chrismasterjohn, @birdyword, @doubleeph, @lilmoonlambo, @khalafroula, @kadhim, @twobitidiot, @wallstcynic, @alistairmilne, @theblock__, @smtuffy, @jbarro, @adamscochran, @ldrogen, @zerohedge, @tobi, @punk6529, @johnedeaton1, @adamscochran, @tomfitton, @iamdcinvestor, @mayazi, @twobitidiot, @byronyork, @danprimack, @basedkarbon, @coryklippsten, @intocryptoverse, @kadhim, @nntaleb, @brianstelter, @altcoindailyio, @doubleeph, @thedragonfeeder, @cgasparino, @sdatika1, @zerohedge, @caspiancey, @keubiko, @smtuffy, @mechmarkets, @antoniogm, @trungtphan, @ericbalchunas, and @nkulw
| Ankush Khardori / New York Magazine: |
Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX's collapse was purely sloppiness, meaning a US prosecution could take some time — On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history …
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Wired, Finbold, The Hill, The Overspill, ace high, and The Economic Times
| Stephanie Murray / The Block: |
SBF says John Ray III is not working with him or responding to messages, claims Ray made false statements, and dodges questions on Alameda and loaning funds — - Sam Bankman-Fried is taking aim at John Ray, the new CEO of FTX, claiming he's been iced out after the firm filed for bankruptcy protection.
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The Block, Bloomberg, TheStreet, CoinGape, crypto.news, and Wall Street Journal
Tweets: @fintechintern, @fintechfrank, @teanataylor, @altcoingordon, @crypto_crib_, @smtuffy, @smtuffy, @mdudas, @smtuffy, @degenspartan, and @timccopeland
| Joe Rossignol / MacRumors: |
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
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9to5Mac, XDA Developers, Wareable, Neowin, iPhone in Canada Blog, Digital Trends, BGR India, iThinkDifferent, iMore, SiliconANGLE, Wccftech, Philip Elmer‑DeWitt, Appuals.com, AppleInsider, GSMArena.com, and Cult of Mac
Tweets: @mingchikuo, @mingchikuo, @mingchikuo, @mingchikuo, @rsgnl, @carnage4life, @mingchikuo, @rjonesy, @scobleizer, and @rsgnl
| Simon Sharwood / The Register: |
Rackspace confirms a “security incident” impacted its hosted Microsoft Exchange services, leading to an “extended outage”; customers complain of poor support — Warns recovery could take several days and pledges better support after customer complaints
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DCD, Rackspace Email & …, DoublePulsar, DataBreachToday.com, SecurityWeek, TechRadar, The Register, BleepingComputer, Search Engine Journal, iTnews, IT Management, Help Net Security, docs.rackspace.com, and DataBreaches.net
Tweets: @jwharris, @rackspace, @rackspace, @rackspace, @rackspace, @rackspace, and @rootsecdev
| Reuters: |
Source: Foxconn expects its Zhengzhou plant to resume full production in late December or early January, but plans may change; November revenue drops 11.4% YoY — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
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9to5Mac, Wall Street Journal, AppleInsider, CNN, South China Morning Post, Bloomberg, MacRumors, BGR, CNBC, Philip Elmer‑DeWitt, WRAL TechWire, Financial Times, Foxconn, Wccftech, The Information, Livemint, and TechNode
Tweets: @peterhoskinstv and @sino_market
| James Vincent / The Verge: |
Stack Overflow temporarily bans users from sharing responses generated by ChatGPT, pending a ruling in the future; most answers are wrong on closer inspection — Stack Overflow, the go-to question-and-answer site for coders and programmers, has temporarily banned users from sharing responses generated by AI chatbot ChatGPT.
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Meta Stack Overflow and Tao of Mac
Tweets: @halvarflake, @m_nebra, @harrisosserman, @castillo__io, @tim_stevens, @hhariri, @jjvincent, @jjvincent, @v21, @dcuthbert, @v21, @sina_lana, @0xabad1dea, @vxunderground, @anildash, and @halvarflake
| Lauren Goode / Wired: |
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
Tweets: @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @wired, @usmanbk77, @tsimonite, @waltmossberg, and @mlevchin
| Kurt Wagner / Bloomberg: |
Elon Musk says Apple has “fully resumed” advertising on Twitter, after claiming on November 28 that Apple had “mostly stopped” Twitter ads — Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further de-escalating a brewing war between two of the world's most influential tech companies.
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Engadget, Silicon Republic, Insider, MacRumors, 9to5Mac, iClarified, Your Apple Update, BGR, iMore, Fortune, iPhone in Canada Blog, Pixel Envy, Reuters, International Business Times, AppleInsider, Philip Elmer‑DeWitt, FOSS Patents, and Livemint
Tweets: @zoeschiffer, @riddle245, @goangelo, @jamessurowiecki, and @karlbode
| Dan Milmo / The Guardian: |
Survey of 8,000 young people in nine European countries finds 34% have pirated content, 27% reported trolling someone, 22% reported inciting violence, and more — EU-funded survey of people aged 16-19 finds one in four have trolled someone - while UK least ‘cyberdeviant’ of nine countries
Tweets: @dannyjpalmer, @sarahchampionmp, @mattnavarra, @rmcunliffe, @uel_news, @katebevan, and @_markmccormack
| Christopher Byrd / New Yorker: |
A wide-ranging interview with Cory Doctorow on lessons from science fiction, Big Tech's comeuppance, surveillance capitalism, smart contracts, dApps, and more — A conversation about the “mediocre monopolists” of Big Tech, the weirdness of crypto, and the real lessons of science fiction.
Tweets: @doctorow, @lproven, @stevesilberman, @thepublicdomain, and @greatdismal
| Joanna Glasner / Crunchbase News: |
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn — Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.Sponsor Posts
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
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