Technology
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Sources: some US banks that lent Elon Musk $13B to buy Twitter are preparing to book losses on the loans this quarter, as investors shy away from risky debt (Reuters)
Reuters: Sources: some US banks that lent Elon Musk $13B to buy Twitter are preparing to book losses on the…
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Memo: Changpeng Zhao tells Binance staff to expect a "bumpy" several months but the exchange "will survive any crypto winter", following massive withdrawals (Bloomberg)
Bloomberg: Memo: Changpeng Zhao tells Binance staff to expect a “bumpy” several months but the exchange “will survive any crypto…
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Some Chinese students are using remote access software to cheat on TOEFL, GRE, and other US college entry exams, fueled by the introduction of at-home testing (Viola Zhou/Rest of World)
Viola Zhou / Rest of World: Some Chinese students are using remote access software to cheat on TOEFL, GRE, and…
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Sources: Alibaba won't be able to buy Arm's Neoverse V chips after Arm concludes that the US and UK won't approve export of the high performance tech to China (Financial Times)
Financial Times: Sources: Alibaba won’t be able to buy Arm’s Neoverse V chips after Arm concludes that the US and…
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The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral value, giving a "virtually unlimited line of credit" (Reuters)
Reuters: The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral…
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Paytm will buy back up to 10.5M shares worth ~$103M at a 50%+ premium to the December 13 closing price, seeking to convince investors of a path to profitability (Chloe Cornish/Financial Times)
Chloe Cornish / Financial Times: Paytm will buy back up to 10.5M shares worth ~$103M at a 50%+ premium to…
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Q&A with Automattic CEO Matt Mullenweg on closing the Tumblr deal, profitability, content moderation, Apple's rules, Twitter, lessons for Elon Musk, and more (Nilay Patel/The Verge)
Nilay Patel / The Verge: Q&A with Automattic CEO Matt Mullenweg on closing the Tumblr deal, profitability, content moderation, Apple’s…
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The US Supreme Court asks the Biden administration to weigh in on lyrics website Genius' attempt to revive a lawsuit over Google's alleged theft of its work (Blake Brittain/Reuters)
Blake Brittain / Reuters: The US Supreme Court asks the Biden administration to weigh in on lyrics website Genius’ attempt…
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