Month: November 2022

‘More work to do’: Eli Lilly admits insulin pricing could be lower amid Twitter chaos

Furor over platform’s verified profiles may have done some good, but challenges still plague the site after a mass worker exodus Against warnings that Twitter is on the verge of collapse, the social media platform hadn’t died Saturday – at least not yet. But things aren’t necessarily going well for new owner Elon Musk’s goal …

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Elon Musk needs to learn that more debate does not mean more truth | John Naughton

Beneath the billionaire’s blurry vision for Twitter lies the notion that it’s good to have a ‘marketplace of ideas’ At the end of last month, just after Elon Musk had bought Twitter, I wrote that having him responsible for an important part of the world’s public sphere could turn out to be “like entrusting a …

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Twitter has ‘50% chance’ of major crash during World Cup, says insider

Social media giant ill-equipped to deal with traffic spikes after cuts imposed by Elon Musk, according to former employee Twitter stands a 50% chance of a major outage that could take the site offline during the World Cup, according to a recently departed employee with knowledge of how the company responds to large-scale events. The …

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‘The money is gone’: people who lost out in FTX’s collapse

Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread The UK parliament this week heard during testimony on the failed cryptocurrency exchange FTX that most of the money it held came from institutions. Yet with about $8bn still owed to depositors, its collapse has still left …

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Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it • ‘I don’t have this kind of money to lose’ – investors’ stories Casual observers could be forgiven for thinking the collapse of the cryptocurrency exchange FTX is another typical tale …

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How Elon Musk’s Twitter reign magnified his brutal management style

Tesla and SpaceX history showed how hard-edged the CEO could be. At Twitter, this pattern has proved disastrous Elon Musk’s reputation precedes him. The seemingly impulsive and demanding boss of SpaceX and Tesla is known to place importance on the product above all. And whether the employees building the products agree with how he plans …

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‘Her headscarf seems to continue up into the tree’ : José Luis Barcia’s best phone picture

The Spanish photographer’s shot of an Iranian woman in a hijab has recently acquired new resonance Despite not being a religious person, José Luis Barcia Fernández has long been fascinated by the rituals, rules and uniforms of faith. After photographing the hooded capirotes of Seville’s Holy Week, and Jews, Muslims and Christians in Jerusalem, the …

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Computer says there is a 80.58% probability painting is a real Renoir

Swiss company uses algorithm to judge whether contested Portrait de femme (Gabrielle) is genuinely by French artist Staring enigmatically at an unseen object to her right, the black-haired woman bears a striking resemblance to the person depicted in Pierre-Auguste Renoir’s painting Gabrielle, which Sotheby’s recently valued at between £100,000-150,000. However, art connoisseurs disagree over whether …

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What do we know so far about collapse of crypto exchange FTX?

How did Sam Bankman-Fried’s FTX fail and what does the firm’s fate tell us about cryptocurrencies? The collapse of FTX, one of the world’s largest cryptocurrency exchanges, has unleashed another bout of volatility in the highly speculative digital asset market. The fortune of FTX’s founder, Sam Bankman-Fried, went from nearly $16bn to zero within days …

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Elon Musk summons Twitter engineers to headquarters amid mass resignations

Reports show nearly 1,200 workers left the company after an ultimatum that demanded ‘long hours at high intensity’ Elon Musk emailed Twitter staff on Friday asking that any employees who write software code report to the 10th floor of the office in San Francisco early afternoon, according to multiple news reports. The billionaire said in …

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