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December 30, 2022, 2:15 PM
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| New York Times: |
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services — Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
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| Taylor Soper / GeekWire: |
Twitter is reportedly closing its Seattle office, the company's second-largest engineering hub outside of San Francisco, and asking employees to work from home — Twitter is reportedly facing eviction at its Seattle office and is asking employees to work from home as the social media giant looks to cut costs under new owner Elon Musk.
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| Reuters: |
Bahamas' Securities Commission says it is holding FTX assets worth $3.5B on a temporary basis and plans to deliver them to customers and creditors who own them — The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
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Tweets: @adamscochran and @scbgov_bs
| Emily Birnbaum / Bloomberg: |
Tim Wu, who helped shape Biden's antitrust agenda, will leave his role as an adviser on January 4 to return to teaching antitrust law at Columbia Law School — Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
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| Sam Kessler / CoinDesk: |
Sources: FBI is probing the leak of ~100K API keys linked to users of crypto trading service 3Commas; a victims group with ~60 members tallies losses at $20M+ — This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service. — The FBI is investigating the 3Commas data breach, CoinDesk has learned.
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| Sam Kessler / CoinDesk: |
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| Shadine Taufik / Tech in Asia: |
China-based Freetech Intelligent Systems, which creates software and hardware for autonomous vehicles, raised a ~$100M Series B led by Chaos Investment — Freetech Intelligent Systems, a China-based autonomous driving firm, has raised nearly US$100 million in its series B round, Nikkei Asia reported.| Dan Strumpf / Wall Street Journal: |
Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telco infrastructure sales — Chairman says U.S. restrictions are new normal and company is back to business as usual| Ian Johnston / Financial Times: |
Accounting software maker Sage threatens to turn off UK customers' long-term licenses, citing security issues to push them to buy costly monthly subscriptions — FTSE 100 group has forced small UK businesses using its accounting services to adopt costly new monthly packages| Matt Levine / Bloomberg: |
Crypto has built a toy financial system and had a toy financial crisis; in order to work in the long run it has to prove its real usefulness outside of finance — On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.| Reuters: |
Canada's competition tribunal approves Rogers' $14.77B bid to acquire Shaw, saying the deal is “not likely to prevent or lessen competition substantially” — Canada's competition tribunal approved on Thursday Rogers Communications Inc's (RCIb.TO) C$20 billion ($14.77 billion) … | Sam Schechner / Wall Street Journal: |
Amazon, Apple, and Microsoft plan to connect data centers to heating systems in Europe; Meta began in 2020 in Denmark, and Google is assessing its opportunities — Rising energy prices and new regulations contribute to an increase in projects — With an energy crisis hitting Europe … | Russell Jacobs / Slate: |
An obituary for Dark Sky, which changed how people consume weather forecasts but is disparaged by scientists, as Apple plans to kill the iOS app on January 1 — At the end of this year, Dark Sky—the popular, sleek, sometimes accurate weather app—will go dark, its various components ambiguously incorporated …
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9to5Mac, The Verge, AppleInsider News, and Michael Tsai
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