Saturday, November 19, 2022

FTX says it has fired CTO Gary Wang, engineering director Nishad Singh, and Alameda Research CEO Caroline Ellison (Wall Street Journal)

Wall Street Journal:
FTX says it has fired CTO Gary Wang, engineering director Nishad Singh, and Alameda Research CEO Caroline Ellison  —  The three executives and Mr. Bankman-Fried are said to have known FTX was using customer funds to plug a funding gap  —  FTX, the cryptocurrency exchange launched by Sam Bankman-Fried …



Ripple says it is effectively "operating outside of the US" due to its legal fight with the SEC and is seeking a license in Ireland to drive EU expansion (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Ripple says it is effectively “operating outside of the US” due to its legal fight with the SEC and is seeking a license in Ireland to drive EU expansion  —  - Ripple is expanding its presence in the EU, where it plans to “passport” its services through an entity in Ireland, General Counsel Stuart Alderoty told CNBC.



Musk is running a Twitter poll on reinstating Donald Trump, after saying in October that Twitter will form a "content moderation council" to make such decisions (Herb Scribner/Axios)

Herb Scribner / Axios:
Musk is running a Twitter poll on reinstating Donald Trump, after saying in October that Twitter will form a “content moderation council” to make such decisions  —  Elon Musk dropped a 24-hour poll on his own Twitter feed Friday night asking whether or not to reinstate former President Trump to the social media platform.



New FTX CEO says it will attempt to sell or reorganize its businesses after a review found that many of its subsidiaries have "solvent balance sheets" (Financial Times)

Financial Times:
New FTX CEO says it will attempt to sell or reorganize its businesses after a review found that many of its subsidiaries have “solvent balance sheets”  —  Many of collapsed crypto group's subsidiaries have ‘solvent balance sheets’, John Ray III says



A look at South Korean conglomerate Naver's experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence (New York Times)

New York Times:
A look at South Korean conglomerate Naver's experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence  —  Naver, a South Korean internet firm, is trying to introduce robots into the world of cubicles and conference rooms without making employees uncomfortable.



Friday, November 18, 2022

A profile of Caroline Ellison, the risk-loving, "very mathy" Alameda Research CEO that sources say was "virtually invisible" in Alameda's last days (Forbes)

Forbes:
A profile of Caroline Ellison, the risk-loving, “very mathy” Alameda Research CEO that sources say was “virtually invisible” in Alameda's last days  —  Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks.



OnePlus 11 likely to sport 2K resolution, 5000mAh battery: Report

OnePlus is set to launch its new lineup of flagship smartphones with the launch of the OnePlus 11. The smartphone will succeed the OnePlus 10 series launched earlier this year. https://ift.tt/dL2F9pX

Sources: the US is seeking info on confidential deals that Elon Musk made with foreign investors over concerns they may be able to access Twitter users' data (Bloomberg)

Bloomberg:
Sources: the US is seeking info on confidential deals that Elon Musk made with foreign investors over concerns they may be able to access Twitter users' data  —  Elon Musk's $44 billion takeover of Twitter Inc. is still facing US government scrutiny over national-security concerns …



JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021 (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021  —  JD.com Inc. reported higher sales last quarter after shoppers kept spending at China's second-largest online retailer despite an economic downturn.



US tech companies laying off employees serves as a wake-up call for Ireland, a longtime European hub for Big Tech, which has added 24,000 IT jobs since Q1 2021 (Jude Webber/Financial Times)

Jude Webber / Financial Times:
US tech companies laying off employees serves as a wake-up call for Ireland, a longtime European hub for Big Tech, which has added 24,000 IT jobs since Q1 2021  —  Mass sackings are a blow to staff, but come amid rising concerns the country has grown too reliant on the industry



iQOO 11 5G confirmed to feature Snapdragon 8 Gen 2 chipset, says company

iQoo 11 series is set to launch in Malaysia soon. The series is likely to include the iQoo 11, iQoo 11 Pro and iQoo 11 Legend smartphones. While the official dates are still not known, rumours about the chipset that would power the iQoo 11 smartphone have surfaced online. https://ift.tt/5x23X0v

An in-depth look at FTX and Alameda shows UST's collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July (Nansen)

Nansen:
An in-depth look at FTX and Alameda shows UST's collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen's research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways



Thursday, November 17, 2022

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 (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch:
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" (Jack Schickler/CoinDesk)

Jack Schickler / CoinDesk:
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 (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
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.



Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B led by Meituan and Tencent (Kate Park/TechCrunch)

Kate Park / TechCrunch : Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B l...