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November 11, 2024, 9:35 PM
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Top News

Financial Times:
Bitcoin passes $89K for the first time, Tesla closes up 8.96%, Coinbase closes up 19.76%, and Robinhood closes up 7.4%, as investors pile into “Trump trades”  —  Markets expect US president-elect to take light-touch approach to regulation  —  Investors betting that Donald Trump's …
Adam James / The Block:
MicroStrategy says it bought 27,200 BTC for ~$2.03B in cash at ~$74,463 per coin from October 31 to November 10, 2024, taking its total holding to 279,420 BTC  —  - MicroStrategy added approximately 27,200 bitcoin for roughly $2.03 billion in cash at an estimated $74,463 per coin.
a16z crypto:
a16z says it is “very optimistic” that the US government will “foster innovation” in crypto and there is a “pathway for constructive engagement” with regulators
Emily Nicolle / Bloomberg:
FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges Sam Bankman-Fried fraudulently transferred in a July 2021 deal  —  Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
Olga Kharif / Bloomberg:
Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of properties, including his yacht, to FTX creditors as part of a November 3 settlement deal
Greg Bensinger / Reuters:
Sources: Amazon is developing smart glasses that would guide its delivery drivers to, around, and within buildings, but the tech may take years to perfect  —  Amazon (AMZN.O) is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings …
Jowi Morales / Tom's Hardware:
LG Display shows off a stretchable display prototype that can expand by up to 50%, more than doubling the previous record of 20% elongation  —  This stretchable display unlocks an infinite number of possibilities.  —  LG Display, one of the global leaders in display technologies …
Reuters:
Ilya Sutskever says “we're back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing”  —  Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges …
Emma Roth / The Verge:
iOS 18.2 public beta introduces Share Item Location, letting users share a link with the location of AirTags or Find My accessories with airlines and others  —  Apple will now let you share the location of a lost AirTag with other people.  The Find My feature, called Share Item Location …
The Information:
Sources: more than a year before the election, TikTok execs revamped moderation rules and trust and safety staff to make TikTok more appealing to Trump fans  —  More than a year before Donald Trump's landslide victory in last week's presidential election, TikTok's top leaders insisted …
Jay Peters / The Verge:
Signal announces a suite of call features, including the ability to share a link to a call, emoji reactions, a “raise hand” button, and a dedicated calls tab  —  Signal is making a bunch of improvements to calls so they are more competitive with Zoom and Google Meet, including the ability to share a link to a call.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:35 PM ET, November 11, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

Robbie Whelan / Wall Street Journal:
Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023

Alex Weprin / The Hollywood Reporter:
CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC

More News

Josh Scott / BetaKit:
Canadian digital bank Neo Financial raised a CA$360M Series D from Shopify CEO Tobi Lütke, Slack co-founder Stewart Butterfield, and others
Lucia Moses / Business Insider:
The NYT says the Tech Guild is ending its strike after a weeklong stoppage; during the strike, dozens of tech workers crossed the picket line

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