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January 6, 2023, 3:15 AM
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memeorandum
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| Kate Clark / The Information: |
Memo: Genesis parent company DCG shut down its wealth management subsidiary HQ Digital on January 2; filing: HQ had $3.5B+ under management as of December 2022 — Digital Currency Group, the parent company of crypto broker Genesis and the publication CoinDesk, has shut down its wealth …
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The Block, crypto.news, CoinDesk, Decrypt, Bloomberg, CryptoSlate, and CoinGape
Tweets: @kateclarktweets, @amir, @theinformation, @kateclarktweets, @deezefi, @fejau_inc, @curvethots, and @im_goomba
| Wall Street Journal: |
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer — Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups — Cheating With ChatGPT: Can an AI Chatbot Pass AP Lit?
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Reuters, MarketWatch, Forbes, Financial Times, SiliconANGLE, The Information, Crunchbase News, PYMNTS.com, Search Engine Journal, VentureBeat, Insider, and San Francisco Business Journal
Tweets: @carnage4life, @wintermoat, @berber_jin1, @tomaxwell, @eddiedonmez, @jessicalessin, @anthemos, @ninadschick, @jouabr, and @samro
| Mitchell Clark / The Verge: |
Qualcomm unveils Snapdragon Satellite, which lets phones with a Gen 2 SoC and an X70 modem text off the grid via Iridium's satellite network, coming in H2 2023 — Android phones will soon be getting a feature similar to — and perhaps even more powerful than — Apple's Emergency SOS via satellite.
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Qualcomm, Engadget, Reuters, SamNews 24, SamMobile, Pocketnow, TechCircle, Neowin, SlashGear, Tech Advisor, Philip Elmer‑DeWitt, Light Reading, iMore, MacRumors, TechRadar, NextPit, Droid Life, HotHardware, Tom's Guide, Gizmodo, Phone Scoop, VentureBeat, Ars Technica, SiliconANGLE, PCWorld, Wall Street Journal, T3, TechCrunch, Android Headlines, and Digital Trends
| Wall Street Journal: |
Sources: Genesis Global laid off 30% of its staff, after a 20% cut in 2022, leaving the crypto lender with 145 workers, and is considering filing for bankruptcy — Firm suffered steep losses from loans it supplied to Alameda, Three Arrows — Massive crypto lender Genesis Global Trading Inc. laid off 30% …
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CoinDesk, The Block, Bloomberg, Analytics Insight, CryptoPotato, Washington Post, The Information, Watcher Guru, SiliconANGLE, CoinGape, PYMNTS.com, Forkast, Trustnodes, crypto.news, Gizmodo, CNBC, and Reuters
Tweets: @tomkeene, @nouriel, and @aristyescuder
| Ana Paula Pereira / Cointelegraph: |
3AC liquidators subpoena founders Zhu Su and Kyle Davies, who have resisted cooperation, via Twitter to provide all documents tied to the hedge fund's collapse — 3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control …
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Bitcoin News, crypto.news, Kitco News, Bloomberg, Decrypt, CryptoSlate, Ethereum World News, and Blockworks
Tweets: @3acliq, @chainsawdotcom, @nic__carter, @drnicka, @bitfinexed, @lomahcrypto, @ahcastor, @funkmasteramp, @haileylennonbtc, and @zemariamacedo
| Geoffrey A. Fowler / Washington Post: |
Twitter verified a Washington Post columnist's fake US Senator Ed Markey account, after Elon Musk said “all verified accounts will be manually authenticated” — Elon Musk said Twitter would begin authenticating users who pay $8 for Blue. Our tech columnist was still able to get a checkmark for an impostor Sen. Ed Markey.
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SlashGear
Mastodon: @willoremus@mastodon.social. Tweets: @senmarkey, @geoffreyfowler, @geoffreyfowler, @kantrowitz, @privacymatters, @metacurity, @thekenyeung, @senmarkey, @iansherr, @mattnavarra, @andrewbaron, @willoremus, @file411, @shiraovide, @gregpinelo, and @senmarkey
| Erin Woo / The Information: |
Source: Twitter laid off ~40 ad optimization data scientists and engineers, as the company targets areas that leadership considers to be failing or unimportant — Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday night in what amounted to at least …
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Fortune, Bloomberg, Gizmodo, Adweek, and Observer
Mastodon: @aaronpride@mastodon.lol. Tweets: @kyliebytes, @erinkwoo, @gergelyorosz, @willoremus, @dorothyofisrael, @moorehn, and @srirachachau
| CNBC: |
Samsung estimates that its Q4 operating profit fell by 69% YoY to ~$3.37B, an eight-year low, citing a greater-than-expected decline in memory chip demand — - Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices …
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Samsung Newsroom, Android Authority, CNET, Sammy Fans, Australian Financial Review, MarketWatch, BBC, The Korea Herald, ZDNet, SamMobile, Nikkei Asia, Yonhap News Agency, and SamMobile
Tweets: @soheefication, @samkimasia, and @saxena_puru
| Wall Street Journal: |
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements — Alex Mashinsky made false statements to investors about the crypto lender, lawsuit alleges — New York Attorney General Letitia … | Matt Burgess / Wired: |
WhatsApp launches proxy support globally, letting users with blocked or disrupted connections use the app via servers set up by volunteers and organizations — Amid internet shutdowns in Iran, the encrypted messaging app is introducing proxy connections that can help people get online.
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WhatsApp Blog, The Verge, GitHub, Reuters, WhatsApp FAQ, WABetaInfo, MediaNama, Slashdot, BGR India, BBC, Daily Mail, WebProNews, London Evening Standard, Daily Record, Gizmodo, BGR, Denver 7 Colorado News, 9to5Mac, The Independent, Business Standard, Ars Technica, BigTechWire, Sky News, Social Media Today, iThinkDifferent, Adweek, Engadget, CNET, and iPhone in Canada Blog
Tweets: @whatsapp, @yashar, @wcathcart, @mdubowitz, @iainlevine, @shiraovide, @jsrailton, @harrymccracken, @ianbremmer, @epro, and @natynettle
| Stephen Totilo / Axios: |
Microsoft files a revised rebuttal to the FTC's lawsuit to block its Activision Blizzard deal, removing its claim that the FTC's structure is unconstitutional — Microsoft says it made a mistake last month when it claimed that the very structure of Federal Trade Commission …
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FOSS Patents, Federal Trade Commission, Kotaku, TheGamer, Forbes, and The Jacob Wolf Report
Tweets: @stephentotilo, @matthewstoller, and @senninsage
| Antonio G. Di Benedetto / The Verge: |
Lenovo unveils the Yoga Book 9i, a laptop with two 13.3" OLED displays, available in June 2023 for $2,100+ with a 13th Gen Intel Core i7-U15 and 16GB of RAM — Dual monitor setups are great and all, but how about dual screens in a strangely tall laptop? Lenovo is here to answer that …
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Lenovo StoryHub, Neowin, TechRadar, ZDNet, TechSpot, TechPowerUp, and BigTechWire
| Jules Roscoe / VICE: |
The FTC proposes a rule banning non-compete clauses, saying the contracts harm healthy competition in the labor and product markets and block entrepreneurship — The agency stated that noncompete clauses are bad for both the labor market and innovation. The proposed rule would make them illegal.
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Federal Trade Commission, New York Times, Vox, Ars Technica, Wall Street Journal, Game Developer, Washington Post, The Register, The Verge, and GeekWire
Tweets: @linakhanftc, @noamscheiber, @danpfeiffer, @jathansadowski, @nickhanauer, @linakhanftc, @ne0liberal, @superwuster, @moreperfectus, @musharbash_b, @theworthyhouse, @agrobbonta, @ewarren, @moreperfectus, @senschumer, @julianamkaplan, @ddayen, @brianboland, @ibd_ecarson, @bozitatarevic, @amierrivers, @matthewstoller, @ftc, @lydiadepillis, @axios, @julesaroscoe, @elissabeth, @bobbyfijan, @mattmday, @moiradonegan, @capitolkvd, @isforat, @lizshuler, @jasonfurman, @the_blackrabb1t, @keldonb, @sandeepvaheesan, @pisciottanopa, @jaybsauceda, @briandeesenec, @greenhousenyt, @linakhanftc, @kylebrussell, @halsinger, @beltzernyc, @jekranzberg, @jared_wade, @repcicilline, @jenniferjjacobs, @matthewstoller, and @cbseaman
| Mitchell Clark / The Verge: |
Snap plans to shut down its Camera app for Mac and PC on January 25, 2023; launched in October 2018, the app let users apply face filters while on video calls — On January 25th, Snap will be shutting down its camera app for Mac and PCs. If that name doesn't ring a bell …
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TechCrunch, The Economic Times, and XDA Developers
| Kif Leswing / CNBC: |
California's pay transparency law came into effect this week revealing some Big Tech salaries including $253K-$327K for a software engineering director at Meta — - A new law that went into effect this week requires most California employers to disclose salaries on job listings.
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Washington Post, Insider, and PC Gamer
Tweets: @mattdpearce, @sammblum, @tvaziri, @susannavogel1, @jordannovet, @brij, @rmintzer, and @susannavogel1
| Angus Berwick / Reuters: |
Source: FTX's former top lawyer Daniel Friedberg cooperated with US prosecutors, telling them on November 22 what he knew about SBF misusing customer funds — FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse …
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Bloomberg, Protos, LinkedIn, The Block, Reuters, and New York Post
Tweets: @teddyschleifer, @unusual_whales, @cohenluc, @anammostarac, @toddwitteles, @zhusu, and @zhusu
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