A profile of Unity CEO John Riccitiello, as he faces criticism for the company’s targeted ads, his metaverse ambitions, years of dating the head of HR, and more (Bloomberg)

Bloomberg: A profile of Unity CEO John Riccitiello, as he faces criticism for the company’s targeted ads, his metaverse ambitions, years of dating the head of HR, and more  —  John Riccitiello was on top of the metaverse.  Last November the chief executive officer of Unity Software Inc. spilled the news …

Sources: Twitter has eliminated ~4,400 of its ~5,500 contract staff, with cuts expected to significantly impact content moderation and the core infrastructure (Casey Newton/@caseynewton)

Casey Newton / @caseynewton: Sources: Twitter has eliminated ~4,400 of its ~5,500 contract staff, with cuts expected to significantly impact content moderation and the core infrastructure  —  Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and the core […]

Factors like a fall in demand and an increase in manufacturing capacity have led to a sharp chip cycle downturn, suggesting a bottom in the market may be near (Richard Waters/Financial Times)

Richard Waters / Financial Times: Factors like a fall in demand and an increase in manufacturing capacity have led to a sharp chip cycle downturn, suggesting a bottom in the market may be near  —  Growing number of companies have issued weak sales and profit projections  —  If Wall Street had any doubts about the […]

Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can’t say for a laugh and charging $8 for the privilege (Adrienne LaFrance/The Atlantic)

Adrienne LaFrance / The Atlantic: Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can’t say for a laugh and charging $8 for the privilege  —  Recently, comedy clubs have begun doing this thing that seemed, when I first encountered it, both wildly hypocritical and […]

Tampa-based Rewst, a robotic process automation startup serving managed service providers, raised a $21.5M Series A led by OpenView (Claudia Adrien/Channel Futures)

Claudia Adrien / Channel Futures: Tampa-based Rewst, a robotic process automation startup serving managed service providers, raised a $21.5M Series A led by OpenView  —  Rewst, a company whose robotic process automation (RPA) platform serves MSPs, has received $21.5 million in funding to advance product development.

The Securities Commission of The Bahamas says it didn’t order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX’s statement (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk: The Securities Commission of The Bahamas says it didn’t order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX’s statement  —  FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators’ request.  —  Crypto exchange FTX was not required …

Three from MIT named 2023 Rhodes Scholars

Jack Cook, Matthew Kearney, and Jupneet Singh have been selected for the 2023 cohort of the prestigious Rhodes Scholarship program. They will begin fully funded postgraduate studies at Oxford University in the U.K. next fall. Each year, Rhodes awards 32 scholarships to U.S. citizens plus additional scholarships for citizens from non-U.S. constituencies. The students were […]

Cambodia’s online gambling and scam industries keep recruiting “cyber slave” workers via trafficking and misleading ads despite police raids and global pressure (Rest of World)

Rest of World: Cambodia’s online gambling and scam industries keep recruiting “cyber slave” workers via trafficking and misleading ads despite police raids and global pressure  —  Casual trafficking, calls to parents, misleading ads: even with global pressure, recruitment is rife.  —  • BAVET, CAMBODIA

A look at Mastodon’s “antiviral” design and culture, where users push back at features and behaviors that promote virality, and embrace things that add friction (Clive Thompson/UX Collective)

Clive Thompson / UX Collective: A look at Mastodon’s “antiviral” design and culture, where users push back at features and behaviors that promote virality, and embrace things that add friction  —  Back in 2017 I wrote a short column for Wired about “antiviral” design.  —  I’d recently been using some fun …

FTX balance sheet: $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not listed in bankruptcy filings (Financial Times)

Financial Times: FTX balance sheet: $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not listed in bankruptcy filings  —  Vast gap highlights the dire state of Sam Bankman-Fried’s exchange before it collapsed into bankruptcy

FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions” (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk: FTX US General Counsel says the exchange has moved remaining funds to cold wallets to “mitigate damage” following a series of “unauthorized transactions”  —  Millions of dollars started to mysteriously move from FTX late Friday U.S. hours.

FTX’s crash highlights flaws like Sequoia’s lack of access to Alameda’s balance sheet despite its due diligence and the investors failing to demand a board seat (Bloomberg)

Bloomberg: FTX’s crash highlights flaws like Sequoia’s lack of access to Alameda’s balance sheet despite its due diligence and the investors failing to demand a board seat  —  Among the last people to realize that the cryptocurrency exchange FTX was a financial time bomb were the company’s own investors.

Miami-Dade County and the Miami Heat are ending their arena naming rights deal with FTX; the county had signed a 19-year, $135M deal for the rights in 2021 (Brian Windhorst/ESPN)

Brian Windhorst / ESPN: Miami-Dade County and the Miami Heat are ending their arena naming rights deal with FTX; the county had signed a 19-year, $135M deal for the rights in 2021  —  Miami-Dade County and the Miami Heat are ending their arena naming rights deal with bankrupt cryptocurrency firm FTX.

Crypto.com shares its wallet addresses with Nansen to create a dashboard of ~$3B in assets, showing ~20% are in Shiba Inu, more than ETH’s ~17%; ~30% are in BTC (Sage D. Young/CoinDesk)

Sage D. Young / CoinDesk: Crypto.com shares its wallet addresses with Nansen to create a dashboard of ~$3B in assets, showing ~20% are in Shiba Inu, more than ETH’s ~17%; ~30% are in BTC  —  As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com’s reserves …

Meta tells employees it plans to exit its Portal smart display business and wind down smartwatch projects, and that 46% of the 11K jobs cut were in technology (Reuters)

Reuters: Meta tells employees it plans to exit its Portal smart display business and wind down smartwatch projects, and that 46% of the 11K jobs cut were in technology  —  Meta Platforms (META.O) told employees on Friday that 54% of the 11,000 jobs it cut earlier this week were business roles and the rest were […]

How Amazon’s shopping experience, saturated with sponsored products, impacts sellers and consumers, as its ad revenue surpassed revenue from Prime in 2022 (Jason Del Rey/Vox)

Jason Del Rey / Vox: How Amazon’s shopping experience, saturated with sponsored products, impacts sellers and consumers, as its ad revenue surpassed revenue from Prime in 2022  —  Inside the under-the-radar business that makes more money than Amazon Prime.  —  Type any random product into Amazon’s search bar and look closely at the results.

A look at Sam Bankman-Fried’s rise and fall in DC: becoming the face of crypto regulation, proposing bills, and testifying to Congress before FTX collapsed (Financial Times)

Financial Times: A look at Sam Bankman-Fried’s rise and fall in DC: becoming the face of crypto regulation, proposing bills, and testifying to Congress before FTX collapsed  —  Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats  —  In less than four years …

Interviews with 36 current and former Twitter employees detail the excruciating chaos during Elon Musk’s first two weeks in charge (New York Times)

New York Times: Interviews with 36 current and former Twitter employees detail the excruciating chaos during Elon Musk’s first two weeks in charge  —  Mr. Musk ordered immediate layoffs, fired executives by email, laid down product deadlines and has transformed the company.  —  SAN FRANCISCO — Elon Musk had a demand.

The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator (Lydia Beyoud/Bloomberg)

Lydia Beyoud / Bloomberg: The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator  —  The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”