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VOICE ARCHIVE

Felix Salmon

@felixsalmon
94 posts
2024-05-08
Kinda wild how the entry-level iPad Mini is now 43% more expensive than the entry-level iPad, which basically does exactly the same thing except it's much bigger.
2024-05-08 View on X
The Verge

Apple unveils $999+ 11" and $1,299+ 13" iPad Pros, with M4, an OLED Ultra Retina XDR screen, up to 1,600 nits; the 13" is Apple's thinnest product yet, at 5.1mm

At its “Let Loose” virtual event this morning, Apple introduced its long-awaited iPad Pro updates.

2023-03-15
NAILED IT: “In five years a number of banks will not be around because of blockchain technology.” -Joseph DiPaolo, Signature Bank CEO, 2018 https://www.bloomberg.com/...
2023-03-15 View on X
Bloomberg

A look at the history of Signature Bank, a lender once tied to Jared Kushner and founded in 2001 that leaped into crypto, ultimately leading to its downfall

Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.

From the great @maxabelson, who also slipped this in there and I don't know whether it was deliberate https://twitter.com/...
2023-03-15 View on X
Bloomberg

A look at the history of Signature Bank, a lender once tied to Jared Kushner and founded in 2001 that leaped into crypto, ultimately leading to its downfall

Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.

2023-01-20
This is ludicrous, you can't have THREE people in charge of a company. (Any company with an “executive chairman” is a huge red flag.) Just pick one CEO, reporting to a non-executive board chair. https://www.wsj.com/...
2023-01-20 View on X
CNBC

Netflix Q4: revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M est.; stock is up 8%+

January 19, 2023 Fellow shareholders, Summary: ● Q4'22 revenue … Todd Spangler / Variety : Netflix Execs Talk Early Ad-Tier Results, ‘Glass Onion’ and Expected ‘Cancel Reaction’ Fr...

This is ludicrous, you can't have THREE people in charge of a company. (Any company with an “executive chairman” is a huge red flag.) Just pick one CEO, reporting to a non-executive board chair. https://www.wsj.com/...
2023-01-20 View on X
Financial Times

Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos

Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022  —  Reed Hastings is stepping …

2022-12-15
Well I think we all know what @matt_levine is going to be writing about today https://www.sec.gov/... https://twitter.com/...
2022-12-15 View on X
NBC News

The SEC charges eight influencers with securities fraud, alleging they used Twitter and Discord to manipulate stocks from January 2020 as part of a $100M scheme

2022-12-06
Monday's @matt_levine column is, on a purely substantive level, possibly the best I've ever read. The insight here is off the charts. Don't neglect the footnotes. https://www.bloomberg.com/...
2022-12-06 View on X
Bloomberg

Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more

The crypto financial crisis of 2022  —  Apparently the way it works is that if you blow up a big crypto firm …

2022-11-14
Whom among us hasn't accidentally used a company we controlled to transfer $8 billion to our own personal hedge fund, easy mistake to make, probably nothing https://www.ft.com/... https://twitter.com/...
2022-11-14 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

Nikhilesh De / CoinDesk :

2022-11-13
Whom among us hasn't accidentally used a company we controlled to transfer $8 billion to our own personal hedge fund, easy mistake to make, probably nothing https://www.ft.com/... https://twitter.com/...
2022-11-13 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.  —  Crypto exchange FTX was not required …

2022-11-11
Well THIS wasn't in this morning's @SBF_FTX thread: “All in all, FTX had $16 billion in customer assets, so FTX lent more than half of its customer funds to its sister company Alameda.” https://www.wsj.com/...
2022-11-11 View on X
@sbf_ftx

[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more

1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.

2022-11-03
2 questions: (1) What's the realistic lifetime value, to Twitter, of a person who decides to start paying $8/mo for a blue checkmark? Feel free to include future price hikes/reductions in your calculations. (2) What does @jason think the answer to (1) is?
2022-11-03 View on X
Bloomberg

Sources: Twitter aims to charge for verification as soon as November 7, give current verified users a multi-month grace period, and make the edit button free

Twitter Inc. aims to start selling blue verification badges for user profiles as soon as next week, part of a plan by new owner Elon Musk …

2 questions: (1) What's the realistic lifetime value, to Twitter, of a person who decides to start paying $8/mo for a blue checkmark? Feel free to include future price hikes/reductions in your calculations. (2) What does @jason think the answer to (1) is?
2022-11-03 View on X
Bloomberg

Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, or half of the company's workforce, starting on November 4, and reverse its work-from-anywhere policy

Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce …

2022-10-31
...immediately turning the checkmark into an “I'm so vain, I think this checkmark is worth $60/yr” signifier. Even people who *want* the checkmark won't want to be seen to be paying Elon Musk for it. https://twitter.com/...
2022-10-31 View on X
Platformer

Sources: Twitter is strongly considering taking away its verified users' badges if they don't subscribe to Twitter Blue

Under pressure to generate revenue quickly, Twitter's new CEO considers ending free verification  —  Twitter is strongly considering making its users pay to remain verified …

...immediately turning the checkmark into an “I'm so vain, I think this checkmark is worth $60/yr” signifier. Even people who *want* the checkmark won't want to be seen to be paying Elon Musk for it. https://twitter.com/...
2022-10-31 View on X
The Verge

Sources: Twitter could make Twitter Blue a $20/month subscription that verifies users; staff have until November 7 to build the feature or face being fired

Now that he owns Twitter, Elon Musk has given employees their first ultimatum: Meet his deadline to introduce paid verification on Twitter or pack up and leave.

2022-10-25
“@matt_levine goes deep on crypto” is self-recommending but in case you want another recommendation I have read every word of this and it is just as wonderful as you would expect. https://www.bloomberg.com/... A short 🧵 just to whet your appetite...
2022-10-25 View on X
Bloomberg

An in-depth look at crypto and blockchains: the underlying tech, its uses and meaning, the crypto financial system, and trust, money, and community

- What If You Don't Like It?  — Digital Cash  —  Part II  —  What Does It Mean?  — A Store of Value  — A Distributed Computer

This is also one of those rare and wonderful @matt_levine pieces where he allows a glimpse into some of the reporting he does. (He's an extremely good reporter, he just doesn't like to make that obvious.) https://twitter.com/...
2022-10-25 View on X
Bloomberg

An in-depth look at crypto and blockchains: the underlying tech, its uses and meaning, the crypto financial system, and trust, money, and community

- What If You Don't Like It?  — Digital Cash  —  Part II  —  What Does It Mean?  — A Store of Value  — A Distributed Computer

One thing that shines through in this piece is that although it's a very nerdy dive into financial technology, it's also a moral essay. https://twitter.com/...
2022-10-25 View on X
Bloomberg

An in-depth look at crypto and blockchains: the underlying tech, its uses and meaning, the crypto financial system, and trust, money, and community

- What If You Don't Like It?  — Digital Cash  —  Part II  —  What Does It Mean?  — A Store of Value  — A Distributed Computer

2022-08-11
Value of Tesla stock sold by Elon Musk this month: $6.9 billion Most common price for gas in the US: $3.69 Number of company-owned Applebee's restaurants that are being sold: 69
2022-08-11 View on X
Wall Street Journal

Filings: Elon Musk sold ~7.9M Tesla shares, worth ~$7B, between August 5 and 9, Musk says to avoid “an emergency sale” if a judge forces his Twitter acquisition

Rebecca Elliott / Wall Street Journal :

Value of Tesla stock sold by Elon Musk this month: $6.9 billion Most common price for gas in the US: $3.69 Number of company-owned Applebee's restaurants that are being sold: 69
2022-08-11 View on X
Bloomberg

Sources: Elon Musk's lawyers asked the judge in the Twitter case to compel the company to hand over the names of employees who count spam and bot accounts

Elon Musk is accusing Twitter Inc. of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company …

2022-06-13
This doesn't look good https://twitter.com/...
2022-06-13 View on X
Celsius

DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions

We are writing with a very important message for our community.  —  Due to extreme market conditions, today we are announcing that Celsius is pausing …