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November 23, 2022, 6:10 AM
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WeSmirchTop News
| Nikhilesh De / CoinDesk: |
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy — The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
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The Block, Insider, Bloomberg, The Block, Financial Times, and South China Morning Post
Tweets: @lizrhoffman, @lizrhoffman, @crypto_bitlord7, @amasad, @johnnyp135dfs, @milessuter, @futurenomics, @satsdart, @investmentshulk, @neiljacobs, @ldrogen, @ercwl, @davidbelle_, @smtuffy, @rnr_0, @alexhern, @inartecarlodoss, @andy8052, @caspiancey, @thormaximalist, @smtuffy, @macrocephalopod, @longshorttrader, @iamdcinvestor, @austen, @thormaximalist, @billym2k, @lynaldencontact, @nic__carter, @wallstreetsilv, @stackersatoshi, @wublockchain, @thecryptomars, @lilmoonlambo, @doombergt, @wallstreetsilv, @iamdcinvestor, @iamdcinvestor, @iamdcinvestor, @zerohedge, @doombergt, @lizrhoffman, @lizrhoffman, @lizrhoffman, @carnage4life, @nlw, @silvermanjacob, @j_dot_j, @alistairmilne, @wublockchain, @adamscochran, @autismcapital, @mdudas, @amasad, @jgreco, @maxboonen, @adamscochran, @johnedeaton1, @trader1sz, @austen, @mdudas, @carnage4life, @frances_coppola, and @renato_mariotti
| Berber Jin / Wall Street Journal: |
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments — Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange
More:
Bloomberg, The Information, Tech in Asia, PYMNTS.com, SlashGear, and MarketWatch
Tweets: @schuldensuehner, @lizhabib, @howardlindzon, @scottmelker, @berber_jin1, @heathersomervil, @joeemison, and @carnage4life
| 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, CNBC, Forkast, BBC, CoinJournal, Financial Times, Panda Security Mediacenter, and CoinDesk
Tweets: @jacqmelinek, @davidgura, @autismcapital, @kadhim, @ericbalchunas, @adamscochran, @intangiblecoins, @tier10k, @autismcapital, @tbr90, @reuters, @blevimyers, @tombevanrcp, @ryan_browne_, @davidgura, @autismcapital, @tree_of_alpha, @davidgura, @kadhim, @kensweet, @kadhim, @matthewstoller, @markamesexiled, @tier10k, @davidgura, @nikhileshde, @akikofujita, @alexqgb, and @tier10k
| Bloomberg: |
Sources: hundreds of Foxconn workers at the iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fears — Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost …
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Financial Times, Reuters, Livemint, Engadget, MacRumors, The Information, TechCrunch, Wall Street Journal, The Guardian, France 24, Quartz, iMore, BBC, Fossbytes, Neowin, CNET, Bloomberg, and Tech Xplore
Tweets: @violazhouyi, @pelstrom, @sentdefender, @bibekbhandari, @dylanfrank21, @williamyang120, @williamyang120, @nrg8000, @chinalaborwatch, @tw_tomy7, @tw_tomy7, @nrg8000, @gundamnorthrop, @tculpan, @saikirankannan, @byron_wan, @smritisharma_, @stephenmcdonell, @byron_wan, @nrg8000, @violazhouyi, @niubi, @fangshimin, @tobitac, @matthew_pines, @pelstrom, @oliviasolon, @tommackenzietv, @keithmccullough, @amberchoudhury, @pelstrom, @jorge_guajardo, @dtiffroberts, @niubi, @shashidigital, and @ryan_chua
| 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, SlashGear, and Twitter is Going Great!
| 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:
International Business Times, Insider, The Verge, Twitter is Going Great!, and CoinDesk
Tweets: @bestofdyingtwit, @elonmusk, @mattyglesias, @jamessurowiecki, @reedalbergotti, @kelseytuoc, @semaforben, @semafor, @jason, @parismarx, @rp_griffin, @kwerb, @karaswisher, @bennetttomlin, @rmac18, @219_eth, @carlquintanilla, @chuckrossdc, @budrykzack, @joshtpm, @caseynewton, @jdcmedlock, @mchalfant16, @rachelhaot, @gerritd, and @cwarzel
| Alex Heath / The Verge: |
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The Verge, Ars Technica, Fortune, Android Headlines, Social Media Today, San Francisco Business Journal, SiliconANGLE, and Trak.in
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, @alexeheath, and @martinsfp
| 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, BetaNews, XDA Developers, Microsoft Learn, Windows Report, MSPoweruser, Phoronix, OnMSFT.com, The Register, and Neowin
Tweets: @shanselman, @kelseyhightower, @etchedpixels, @technige, and @thiojoe
| 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:
MediaNama, Twitter is Going Great!, Newser, and Gizmodo
Tweets: @davidakaye, @wongmjane, @sameer_singh17, @albertocairo, @levynews, @pt, @cfishman, @fly4dat, @kantrowitz, @davidakaye, @sethabramson, and @aroondeep
| 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.| Anton Shilov / Tom's Hardware: |
Research: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009 — Intel solidifies GPU positions amid graphics market slump. — Shipments of integrated and discrete graphics processing units dropped … | 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, crypto.news, Financial Times, Crypto Briefing, Cointelegraph, and Bitcoin News
Tweets: @tier10k, @tier10k, @fintechfrank, @ap_archpublic, @charliebilello, @tier10k, @wintonark, @tree_of_alpha, @joeconsorti, @delphi_digital, @pythianism, @tier10k, @loopifyyy, @ap_archpublic, @mylesudland, @dylanleclair_, @mikeburgersburg, @fintechfrank, @ek_hudson, @gainzy222, @delphi_digital, @nachotrades, @danheld, @wublockchain, @delphi_digital, @kadhim, @twobitidiot, @marionawfal, @mtrl_scientist, @delphi_digital, @tier10k, @twobitidiot, @kyledoops, @cryptocronkite, @jdorman81, @tier10k, @darealmilkbagz, @dylanleclair_, @iamdcinvestor, @tier10k, @laurashin, @drnicka, @sicarious_, and @highcoinviction
| Denny Jacob / Wall Street Journal: |
HP plans to lay off 4,000-6,000 employees, or up to ~10% of its workforce, over the next three years, aiming 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, Silicon Republic, RTÉ, SiliconANGLE, The Overspill, The Register, Fortune, CNET, Oregonian, Channel Futures, and San Francisco Business Journal
Tweets: @carlquintanilla and @kasdad
| Julian Mark / Washington Post: |
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators — The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.
More:
Axios, CNBC, New York Times, Coinspeaker, and Politico
| Bloomberg: |
Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments — Xiaomi Corp.'s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.| Cecilia D'Anastasio / Bloomberg: |
Amazon's Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13 — Twitch, the video game livestreaming site popular with teens and kids, announced changes it's making on the platform to increase safety … Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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