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.
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.
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 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
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 lawmakers to reckon with the costs of legislative inaction
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.
Financial cybercrime group the Disneyland Team is spoofing bank domains using Punycode, a standard that lets browsers render domains with non-Latin alphabets — A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains …
Akeyless, which helps companies manage passwords, certificates, and API keys, raised $65M Series B, comprising $45.5M in equity and $19.5B in debt, led by NGP — Back in 2018, Refael Angel, a former security software engineer at Intuit, had an idea for a new approach to protect encryption keys …
DuckDuckGo launches App Tracking Protection in public beta on Android, helping block third-party trackers within apps — DuckDuckGo's App Tracking Protection is now available for public beta testing on all Android devices after launching in a limited beta almost one year ago.
Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected — The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
Everything we know about FTX's collapse: losses are likely >$15B, trades became increasingly risky, SBF was erratic, rash, and relied on stimulants, and more — If you want to read a poorly researched fluff piece about Sam Bankman-Fried, feel free to go to the New York Times (PDF).
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022 — Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX. — Luna Foundation Guard (LFG) …
German, French, and Norwegian data authorities warn against Qatar's World Cup app Hayya and infection-tracking app Ehteraz, citing privacy and security concerns — Two World Cup apps pose serious privacy and security risks, European privacy regulators say.
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan …
Some local people in Veldhoven, a small town in the Netherlands, worry that critical semiconductor component maker ASML is growing too big, too fast — This article is part of an occasional series about the New Geography of Technology. Read earlier installments on Milan, Tel Aviv, Shanghai and Las Vegas.
Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...
