Welcome to the Tech Mame Ride Home for Friday, November 11th, 2022. I'm Brian McCullough today.

Just two big stories as it's been all week, but instead of only giving you the latest I want to try to

sum up where I think we're at as this week ends what I think in the end actually happened

with FDX and are we sure Elon isn't trying to tank Twitter on purpose?

And of course, the weekend long read suggestions.

Here's what you missed today in the world of tech.

All right, look, we've been caught in this news cycle where two big stories keep happening every

single day in evolving detail, in contradictory detail, and by being caught in the detail in

by being caught in the tick-talk of incremental new events each and every day. I think it's getting a little

confusing. It's certainly getting a little annoying.

So I'd like to close out this week not by going into the details of the two big stories

so much as summarizing where I think we're at.

Though I do have to note first up Sam Bankman freed has

officially stepped down as CEO of FTX and FTX has commenced voluntary

Chapter 11 bankruptcy proceedings.

So in a way that puts a pin in this story for us, though I'm sure there will be more wrinkles

to come out about this later.

FDXUS had told users last night to maybe consider closing out

positions as it could halt trading soon. That was the official announcement after SBF had told FTX U.S. users that it was 100%

liquid.

Remember, it's FTX, the Exchange in the Bahamas that blew up earlier this week, the US version, at least until today, had not.

And the contagion does seem to be spreading just a bit Block Phi, one of the biggest Defi players because it's huge

...