Month: November 2022

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process Sam Bankman-Fried, the former chief executive of the collapsed crypto exchange FTX, has claimed the company he founded is still solvent, even as its new boss, who oversaw the final days of Enron, begins the formal bankruptcy process. In a series of tweets …

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Elon Musk gives Twitter staff deadline to commit to being ‘hardcore’

Remaining staff given until Thursday to confirm they will work ‘long hours at high intensity’ as part of ‘the new Twitter’ Elon Musk has given Twitter’s remaining staff a Thursday deadline to commit to working “long hours at high intensity” and being “extremely hardcore” or else leave with three months’ severance pay. In an email …

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‘Could this be Twitter without the toxic slurry?’ My week on Mastodon

Elon Musk’s takeover of Twitter has left many users wondering if they should join its rival, which promises a ‘different kind of social media experience’. But how different is it? I decided to find out How did I choose this as the day I would leave Twitter, already semi-destroyed by an “eccentric” billionaire, and migrate …

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What does $5,000 a month get you? The viral star barging into New York apartments

Caleb Simpson’s man-on-the-street TikTok videos capture the insides of stranger’s homes for millions of followers Come inside a shoebox studio apartment with a stripper pole in downtown Manhattan that rents for $2,095 (£1,764) a month. Or an $800 (£674) housing project unit with hand-painted kitchen walls. What about a luxury $5,000-a-month rental with marble countertops? …

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Steve Jobs’ old Birkenstocks sell for nearly $220,000

‘Well-worn’ German sandals owned by Apple co-founder set record at auction Steve Jobs left an indelible footprint on the technology industry. Now, a different kind of legacy – in the form of a “well-used” pair of Birkenstocks that still retain his feet’s imprints – has fetched a record-breaking price at auction. A suede pair of …

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Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back. London-based TCI, which has been a …

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Inspirational passion or paid-for promotion: can BookTok be taken on face value?

TikTok’s book reviewing community is here to stay, having even received publishing awards for innovation, but issues of authenticity and safety abound BookTok, the nickname for TikTok videos in which books are discussed, analysed, cried about and turned into “aesthetic” moodboards, began as a small group of the app’s users who wanted a place to …

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Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings? Do you ever get the impression that the entire economy is an elaborate scheme and nobody in charge actually knows what the hell they’re doing? I’ve been getting that …

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UK Treasury joins chat app Discord and is met with torrent of abuse

Users on gamer-focused platform manage to respond to posts despite government blocking all comments The UK Treasury has opened an account on Discord to a torrent of abuse from users of the gamer-focused chat app – abuse they managed to send despite the government blocking all comments on the service. As Twitter’s future looks increasingly …

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