Twitter VP of Trust and Safety Ella Irwin says she has resigned from the company; Irwin joined in June 2022 and took over as head of T&S when Yoel Roth resigned
maybe the Matt Walsh movie? — but she oversaw some egregious violations of trust and safety. John Scott-Railton / @jsrailton.bsky.social : Ella Irwin stayed around at Twitter. — ...
Block drops 10%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated customer acquisition costs
Hindenburg Research said on Thursday it held short positions in Block Inc (SQ.N), alleging that the Jack Dorsey-led payments firm overstated …
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.
Mark Zuckerberg says Meta plans to cut another 10,000 jobs and withdraw around 5,000 open roles, just four months after cutting 11,000 jobs
Meta plans to cut its workforce by another 10,000 people and withdraw around 5,000 open roles that it had yet to fill, company co-founder …
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...
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
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs
Annie Palmer / CNBC :
Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”
Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.
A look at the unraveling of John McAfee, a cybersecurity pioneer and cryptocurrency hawker who grew a conspiracy-minded fan base and built a fortune on paranoia
Microsoft invests in OpenAI, a source says totaling $10B over many years, after 2019 and 2021 investments, to build “increasingly safe, useful, and powerful” AI
Source: CEO Satya Nadella voiced concerns for years that Microsoft was slow to commercialize its AI research; in 2022, its researchers said rivals seemed ahead
For more than a decade, Microsoft Research, the company's in-house research group, has touted artificial intelligence breakthroughs …
OpenAI announces an investment by Microsoft, a source says totalling $10B over years, after 2019 and 2021 investments, to build “safe, useful, and powerful” AI
Microsoft Corp. is making a $10 billion investment over several years in OpenAI, the creator of the artificial …
Sources: Apple is working on an iPad-based smart display, with smart home controls, video, and FaceTime, and a new Apple TV with a faster processor for H1 2024
Apple Inc. is working on a slate of devices aimed at challenging Amazon.com Inc. and Google in the smart-home market …
Sources: Microsoft is in talks to invest $10B in OpenAI at a $29B valuation, taking 75% of OpenAI's profits until the investment is recouped and then owning 49%
Microsoft has been in talks to invest $10 billion into the owner of ChatGPT, the wildly popular app that has thrilled casual users …
A judge sets SBF's trial for October 2023, allows redacting his bond signers' names for now, and amends his bail terms to prohibit him from accessing FTX funds
furiously writing notes to his attorneys on a legal pad and pointing to them with a biro. Leo Schwartz / @leomschwartz : After Judge Kaplan granted Sam Bankman-Fried's lawyers' req...
Filing: lawyers for Sam Bankman-Fried ask a judge to redact the names of the two people who intend to sign on as sureties to his bail, citing media scrutiny
FTX founder Sam Bankman-Fried asked a judge to keep confidential the identities of two people who will help secure his bail.
The wildest parts of FTX's bankruptcy filing: its token holdings are worth $659K, Alameda loaned SBF $3.3B, SBF auto-deleted messages about decisions, and more
Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
Mark Zuckerberg outlines changes to Meta's corporate values, including “Move Fast Together”, “Live in the Future”, and “Meta, Metamates, Me”
Meta. Metamates. Me. — At a virtual all-hands meeting on Tuesday, Facebook escalated its attempts …
Source: at a Meta-wide meeting, Mark Zuckerberg told staff to focus on growing short-video products, citing an “unprecedented level of competition” from TikTok
Mark Zuckerberg quipped that if he started to cry, it wasn't because of the day's news.