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Bloomberg Tech

Binance-FTX Cancelled and Meta's Job Cuts

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 10 November 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down what happened for the Binance-FTX.com deal to fall apart, and what it means for the crypto world. Plus, a look at Meta's first major round of layoffs in its history, and a conversation with Reid Hoffman on generative AI.

 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond, this is Bloomberg Technology

0:40.0

with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up in the

0:59.9

next hour.

1:00.9

Binance is walking away from buying FTX after looking at its balance sheet.

1:05.2

This after Bloomberg broke the news on the US investigation into the FTX liquidity crisis.

1:10.7

We're going to have coverage of the crypto blow up throughout this show.

1:14.0

Plus 11,000 employees at Meta laid off as Mark Zuckerberg admits his meta

1:21.0

vision was a mistake.

1:23.2

We're gonna dig in.

1:24.7

And Reed Hoffman joins us to talk about the next decade

1:27.3

of tech innovation and how big the future is for AI.

1:30.9

Plus Gary Tan is with us to talk about how he thinks Tech in Silicon Valley survive a looming recession.

1:38.0

But first, before we get a check of the markets, you may have read that this is my last week hosting Bloomberg technology.

1:44.0

Ooh, after 12 years sitting right here, I'm going to be expanding our coverage with

1:48.6

new shows focused on the most important people and issues at the heart of tech business and culture.

1:55.4

I'm not going to cry, I'm going to try not to cry yet, but I might tomorrow, which is going

...

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