An excerpt from the book Number Go Up details an April 2022 FTX conference in the Bahamas, where writer Michael Lewis lavished Sam Bankman-Fried with praise
Three years ago, nobody knew who you were. And now you're sitting on the cover of magazines. And you're a gazillionaire.
Sources: most of the ~12K workers at TSMC's Arizona fab are non-union contractors; workers detail wage theft, accidents of loads dropped from cranes, and more
Lee Harris / American Prospect :
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
Google's quest to digitize the US DoD's trove of 31M+ human tissue samples and 55M+ slides, the world's largest biorepository, raises ethical and legal concerns
James Bandler / ProPublica : Tweets: @propublica , @silvermanjacob , and @eisingerj Tweets: @propublica : New: The tech giant has long sought access to a priceless trove of vetera...
The US SEC fines Oracle $23M for allegedly bribing officials in India, Turkey, and the UAE between 2016 and 2019, the second such fine after a 2012 settlement
Sam Bankman-Fried says the Federal Reserve's decision to raise interest rates led to the current crypto crash, resulting in risk “recalibration” for investors
Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges …
Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M
Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried …
NHTSA data from July 1, 2021, to May 15, 2022: six people died in 392 incidents involving driver-assistance tech; Teslas were in 273 crashes and five were fatal
CoinGecko: the cryptocurrency industry's market cap fell to ~$1.8T amidst a selloff; in 24 hours, Bitcoin fell 10%+ to ~$36K and Ethereum fell ~13% to ~$2.6K
Cryptocurrencies are getting rekt. — Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 …
Sources: Biden plans to nominate Cornell law professor and cryptocurrency critic Saule Omarova to run the Office of the Comptroller of the Currency
Bloomberg :
Internal docs show how antivax activists flooded vaccine content on Facebook with negative comments, despite Zuckerberg's push to promote COVID-19 vaccines
Internal company documents suggest that the company plays down awareness of its flaws. Kara Swisher / New York Times : The Endless Facebook Apology Katie Canales / Insider : Apple ...
Internal docs show Facebook's weak response after staff flagged human traffickers and drug cartels using its platform for recruitment in developing countries
Employees raised alarms about how the site is used in developing countries, where its user base is already huge and expanding
Grindr has a track record of saying that data shared with brokers is encrypted and unidentifiable, despite the use of such data to out a Catholic priest, others
The latest scandal to rock the Catholic Church was both incredibly unnerving and entirely preventable. Why isn't anyone doing anything about it?
Top US Catholic Church official resigns after a Catholic media site obtained his alleged Grindr app and phone location data from an undisclosed data broker
Leaked IRS data shows how billionaires manage to pay little in income tax; in 2007 and 2011, Jeff Bezos paid zero income tax, and Elon Musk did the same in 2018
The Secret IRS Files — In 2007, Jeff Bezos, then a multibillionaire and now the world's richest man, did not pay a penny in federal income taxes.
Sources: President Biden has decided to nominate Lina Khan, a legal scholar championed by anti-Big Tech activists, as an FTC commissioner
DRIVING THE DAY — FIRST IN PLAYBOOK — President JOE BIDEN has decided to nominate LINA KHAN, a Columbia University legal scholar championed …
IBM names Gary Cohn, former Goldman Sachs executive and economic adviser to Trump, as its vice chairman and member of its executive leadership team
Past Goldman Sachs president named vice chairman as tech icon develops stronger growth strategy — International Business Machines Corp …
Sources say the DOJ has made the antitrust inquiry into Google its top priority and the case is moving swiftly, spurred by the personal interest of AG Barr
Attorney General William Barr's attention to the Justice Department investigation shows the high stakes for the agency and for him. Tweets: @eisingerj , @b_fung , and @charlie_sava...
Inside the IRS's 8-year audit into Microsoft after the company sold its IP to a factory it owns in Puerto Rico to reduce tax rate on US profits from ~35% to ~2%
For years, the company has moved billions in profits to Puerto Rico to avoid taxes. When the IRS pushed it to pay, Microsoft protested that the agency wasn't being nice.
Sources show how Amazon repeatedly delayed or scrapped investments in common industry practices like onroad safety training, as it built out its driver network
and the human costs of that system. https://www.buzzfeednews.com/ ... Lara Korte / @lara_korte : Merry Christmas Eve — here's a new investigation by ProPublic/Buzzfeed to really pa...