Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”
The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more
The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
Congress, slow to move on regulating crypto, becomes transfixed by FTX's collapse, as lawmakers wonder if the crisis could have been prevented
The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
NetEase and Blizzard plan to end their 14-year partnership after January 2023, leaving Chinese players' access to games like Warcraft and Overwatch in question
NetEase Inc. and Blizzard Entertainment Inc. plan to end their 14-year partnership after January, depriving the Chinese firm …
[Thread] A detailed timeline of FTX's meltdown, starting in September: SBF's jab at CZ, CoinDesk's article, CZ sells FTT, “FTX is fine”, Alameda woes, and more
Adam Cochran / @adamscochran :
Microsoft rolls out Discord voice chat integration to all Xbox users after an Insiders test; PlayStation will reportedly get deeper Discord integration in 2023
Microsoft is now rolling out the Xbox November update, which includes a heap of useful features.
The wildest parts from FTX's bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $3.3B, SBF auto-deleted important messages, and more
Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
Analysis of 22K US broadband bills highlights issues: far higher average cost than in Europe at $75/month, little carrier choice, bogus charges, and more
The Verge and Consumer Reports collected 22,000 internet bills to find out how Americans are getting online. They paint an ugly picture.
Google announces updates for Search to help users find dishes near them; Maps, including expanding Live View; and Shopping, adding AR tools for makeup shopping
Google announced today that it's introducing a slew of new Maps, Search and Shopping features.
Apple plans to launch its Major League Soccer Season Pass on February 1 for $15/month or $99/season and $13/month or $79/season for Apple TV+ subscribers
Apple has unveiled more plans for its launch of Major League Soccer (MLS). — The streamer has revealed the pricing and launch details …
Meta appoints Sandhya Devanathan to lead its India business, starting January 1, following several high-profile departures; Devanathan joined Meta in 2016
Meta has appointed Sandhya Devanathan as the new head of its India business following several high-profile departures in the key overseas market.
The Australian Securities Exchange drops its blockchain project announced in 2017 to replace its settlement and clearing system, causing a $165M-$172M write-off
- The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.
OnlyFans plans to let creators sell merchandise directly to viewers in partnership with e-commerce platform Spring
Social network will allow content creators to sell merchandise directly to their viewers — Content creators on OnlyFans will be able to sell merchandise directly to their viewers …
Docs: Amazon offers some staff “voluntary severance” to cut costs beyond its layoffs; staff must resign by November 29 and their last day would be December 23
- Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
Sources: Meta fired or disciplined more than 24 employees and contractors over the past year for allegedly taking over user accounts, sometimes for bribes
Some workers allegedly accepted thousands of dollars in bribes — Meta Platforms Inc. META -2.31%decrease; red down pointing triangle …
The US House Financial Services Committee plans to hold a hearing in December on FTX's collapse and invites Sam Bankman-Fried, Alameda, Binance, and others
A survey of US teens on social media: 80% feel closer to friends and 71% like showing creativity; 59% are neutral on its overall impact; girls report more drama
Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
Intel unveils FakeCatcher, a web-based real-time deepfake detector that analyzes the subtle “blood flow” in video pixels; the company claims a 96% accuracy rate
On Monday, Intel introduced FakeCatcher, which it says is the first real-time detector of deepfakes — that is …
Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit
Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China's rigid Covid controls continue to sap consumer sentiment.
A House Select Subcommittee investigation finds ID.me made “baseless claims” of rampant COVID-19 unemployment fraud “to increase demand” for its ID verification
A seven month-long investigation accuses the biometric firm of providing misleading figures …
Sources reveal FTX and Alameda's dubious financial practices, like showing investors some of the same assets on their books despite claiming separate operations
more than I realized. A run on the bank and market crash exhausted liquidity. So what can I try to do? Raise liquidity, make customers whole, and restart. Dylan Matthews / @dylanmatt : So @kelseytuoc ...
The UK blocks the sale of Newport Wafer Fab to Nexperia, owned by China's Wingtech, on national security grounds and orders Nexperia to divest 86% of Newport
Financial Times :
Qualcomm debuts the Snapdragon AR2 Gen 1 for thin AR glasses, built on a 4nm process, claiming 2.5x better AI performance and using 50% less power than the XR2
Pranob Mehrotra / XDA Developers :
Astera Labs, a fabless semiconductor company that offers system-aware integrated circuits, boards, and services, raised a $150M Series D at a $3.15B valuation
Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round …
Genesis' crypto lending unit, which had $2.8B in Q3 2022 active loans, halts redemptions and new loan originations; trading and custody services are unaffected
Sources: Palo Alto Networks to buy Cider Security, which helps enterprises identify security risks in DevOps pipelines, for $200M in cash and $100M in shares
The startup, which develops an AppSec operating system, will receive $200 million in cash and $100 million in Palo Alto stock
Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock, as the US investigates the self-driving trucking company
Federal authorities continue to investigate entity's relationship with a Chinese startup tied to co-founder Mo Chen Tweets: @kate_okeeffe Tweets: Kate O'Keeffe / @kate_okeeffe : The TuSimple saga has ...
Cisco reports Q1 revenue up 6% YoY to $13.6B, vs. $13.3B est., including Secure, Agile Networks up 12% YoY to $6.68B, and increases its FY 2023 revenue guidance
Ashley Capoot / CNBC :
Spot AI, which offers a cloud-based analytics system to “read” security footage and offer insights, raised $40M, bringing its total funding to $63M
CCTV and other kinds of security cameras have a strong big brother vibe, but for many of us that may be because we don't really understand …
The FBI and CISA say an Iranian-backed threat group hacked a US Federal Civilian Executive Branch and deployed XMRig cryptomining malware via the Log4Shell flaw
Iranian Government-Sponsored APT Actors Compromise Federal Network … Cynthia Brumfield / Metacurity : Iran's Nemesis Kitten Hacked U.S. Merit Systems Protection Board to Implant Crypto Miner Danny Pal...
Esports company TSM ends its 10-year, $210M partnership with FTX “effective immediately” and removes all branding, the latest company to drop FTX after its fall
Jeremy Nation / The Block :
Nvidia and Microsoft sign a multiyear deal to build an AI supercomputer in the cloud, making Azure the first public cloud to incorporate Nvidia's full AI stack
Stephanie Condon / ZDNet :
Financial cybercrime group the Disneyland Team is spoofing bank domains using Punycode, a standard that lets browsers render domains with non-Latin alphabets
Brian Krebs / Krebs on Security : Tweets: @briankrebs Tweets: @briankrebs : A financial crime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domai...
Sources: in May, Google asked managers to categorize 6% of employees, or ~10,000 people, as low performers under its new review system, up from 2% previously
As layoffs spread across Silicon Valley, Google has stood out by not cutting employees so far. But as outside pressure builds …
Jakarta-based Privy, which offers digital signature and identity verification services, raised a $48M Series C led by KKR, bringing its total funding to $71.6M
Mars W. Mosqueda Jr / DealStreetAsia :
Candy Crush shows little sign of disappearing after 10 years, with estimated earnings similar to the Star Trek or Superman franchises, sans the cultural impact
Tim Bradshaw / Financial Times : Tweets: @hschhaya Tweets: Harshal S Chhaya / @hschhaya : @Techmeme @tim It was news to me how much money this game makes. This Decoder interview of Microsoft Games CE...
Evernote agrees to be acquired by Milan-based app developer Bending Spoons, in a transaction expected to close in early 2023; Evernote has raised $290M to date
Kyle Wiggers / TechCrunch :
Survey of 1,203 cybersecurity professionals: more than one-third said their firm lost more money from holiday or weekend ransomware attacks, up from 13% in 2021
Meridith Levinson / Cybersecurity Software :
Nvidia reports Q3 revenue down 17% YoY to $5.93B, vs. $5.77B est., including Data Center revenue up 31% YoY to $3.83B and Gaming revenue down 51% YoY to $1.57B
Kif Leswing / CNBC :
Linktree announces Payment Lock, which lets creators on its paid plans add a paywall and use PayPal or Square to charge up to $150 for access to premium content
Mia Sato / The Verge :
Sources: BlockFi plans to file for bankruptcy within days, after pausing withdrawals; FTX US gave the crypto lender a $400M revolving credit line in July 2022
Bloomberg :
Audit by JS Held: Terraform Labs and Luna Foundation Guard tried to defend the UST stablecoin in May 2022 by spending $613M and $2.8B in crypto, respectively
Elon Musk says the new Twitter Blue will relaunch on November 29 “to make sure that it is rock solid”, after pausing signups due to many fake verified accounts
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value
Brody Ford / Bloomberg :
DoorDash expands its SafeDash in-app delivery worker safety toolkit with automated SafeChat, improved reporting, real-time alerts, and porch light reminders
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.