Welcome to the Tech Mem Ride Home for Thursday, January 19th,

2023. I'm Brian McCullough. Today is Genesis finally on the verge of

bankruptcy. Instagram wants you to take a break from Instagram and they're even willing to give you tools to do so.

Frowny face for Amazon for shutting down the Amazon Smile program.

Wikipedia gets a big redesign. Some numbers on where

investor dollars are going in tech right now and is San Francisco back baby?

Maybe because I'm coming to town for a visit.

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

Is another one about to bite the dust?

Sources are telling the block that Genesis creditors are negotiating

a bankruptcy plan with the firm and weighing a one to two year forbearance period

in exchange for cash and DCG equity.

Quote, creditors like the Winkle Voss Twins Gemini

would agree to a forbearance period in most of the payments of between one and two years under the prepackaged bankruptcy plan,

according to one of the sources. In exchange, creditors will receive cash payments and equity

in Genesis Parent Company Digital Currency Group, the source said.

Gemini formed an ad hoc committee late last year in an effort to coordinate efforts with

other creditors and advocate together for a resolution after Genesis halted withdrawals on its platform.

The Creditor Committee has been privately negotiating for the past few weeks with Genesis

in an effort to finalize a Chapter 11 bankruptcy protection plan ahead of filing.

Publicly, Gemini co-founder Cameron Winklevoss has been feuding with Barry Silbert, the head of

Genesis Parent DCG.

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