Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips — New facility would produce cutting edge 3-nanometer semiconductors — Taiwan Semiconductor Manufacturing Co. …
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever — Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla — The 19.5 million shares sold this month follows earlier sales in April and August — Elon Musk sold almost $4 billion …
An investigation shows TrustCor Systems, used by Chrome, Safari, and Firefox as a root certificate authority, has connections to US intel and law enforcement — TrustCor Systems vouches for the legitimacy of websites. But its physical address is a UPS Store in Toronto.
As Twitter's problems mount, Elon Musk is on pace to tweet over 750 times in November, or more than 25 times a day, up from around 13 per day in April — The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions. — Ryan Mac, who is based in Los Angeles …
Indonesia-based PT Global Digital Niaga, which owns e-commerce group Blibli, raised ~$509M in Jakarta's second-largest IPO in 2022, after GoTo's $1.1B April IPO — PT Global Digital Niaga, the owner of Indonesia's e-commerce group Blibli, ended its first day of trade unchanged …
Greece's Prime Minister Kyriakos Mitsotakis plans to ban selling spyware after his government was accused of surveillance, resulting in a judicial investigation — Prime Minister Kyriakos Mitsotakis announced the ban after a news report claimed that he had directed the use of spyware …
FTX's FTT drops 19%+ to ~$18 as investors fear possible contagion from the collapse of FTX-linked Alameda; Nansen shows FTX outflows reached $450M+ — FTT has declined nearly 20% over the course of an hour, with Solana's SOL down 17% and Serum's SRM off 10%.
Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+ — Take-Two Interactive Software Inc. reduced its annual forecast for net bookings in the wake of an industrywide spending slowdown, particularly in mobile gaming.
Unity, which makes the eponymous game engine, merges with adtech company ironSource in a $4.4B all-stock deal; Unity stock is down ~75% YTD and ironSource ~50% — Unity's proposed merger with IronSource has formally concluded, with the two companies coming together to create an end …
Research: Russia reactivates its troll and bot networks on Gab, Parler, and other platforms, seeking to influence the US midterms and erode support for Ukraine — Researchers have identified a series of Russian information operations to influence American elections and, perhaps, erode support for Ukraine.
Keach Hagey / Wall Street Journal : A look at the decadelong feud between Sam Altman and Dario Amodei; sources say Amodei likened Altman...
