Thu. 11/10 – Binance Lets FTX Dangle

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 10 November 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

More twists and turns in the FTX, SBF, CZ saga as the entire crypto sector continues to get rocked. I’d love to tell you what is going on with Twitter’s whole checkmark saga, but I don’t know, Elon doesn’t know, and frankly, by the time you hear this, it’s likely to have changed anyway. GitHub is getting into the voice assistant game. And Amazon becomes the first company to LOSE a Trillion dollars in valuation. Sponsors: Akamai.com/techmeme Storyblok.com/ridehome Links: Binance Walks Away From Deal to Rescue FTX (WSJ) SBF Tweet Storm This Morning FTX’s Collapse Spurs $10 Billion Drop in Decentralized Finance (Bloomberg) Twitter begins to roll out, then kills, grey checkmarks for high-profile accounts (TechCrunch) Apple will spend $450 million with Globalstar and others to enable emergency satellite texting (CNBC) ‘Hey, GitHub!’ will let programmers code with just their voice (The Verge) Amazon Becomes World’s First Public Company to Lose $1 Trillion in Market Value (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Ride Home for Thursday, November 10th, 2022.
0:08.0	I'm Brian McCullough today.
0:09.7	More twists and turns in the FTX SBF CZ saga as the entire crypto sector
0:15.3	continue to get rocked. I'd love to tell you what's going on with Twitter's
0:18.9	whole Checkmark saga but I don't know. Elon doesn't know and frankly by the time you hear this it's likely to have changed anyway.
0:25.3	GitHub is getting into the voice assistant game and Amazon becomes the first company to lose
0:30.4	a trillion dollars in valuation.
0:32.8	Here's what you miss today in the world of tech.
0:38.6	Well, Binance has abandoned its rescue acquisition offer for FTX after apparently reviewing
0:45.6	FTX's finances saying the issues with FTX were beyond their ability to help
0:51.6	quoting the Wall Street Journal.
0:54.0	Binance chose not to go ahead with the non-binding offer
0:57.0	following a review of the company's finances,
0:59.0	the exchange said, quote, in the beginning,
1:02.0	our hope was to be able to support FTX's customers to provide liquidity,
1:06.0	but the issues are beyond our control or ability to help, Binance said in a statement.
1:10.7	In an internal FTX Slack channel, Sam Bankman-Freed on Wednesday wrote,
1:15.0	quote, we obviously just saw Binance's statement.
1:18.0	They relayed that to the media first, not to us, and had not previously informed us
1:22.0	or expressed those reservations,
1:24.0	according to a copy of the message reviewed by the Wall Street Journal.
1:27.0	Mr. Bankman Freed wrote that he was working on next steps
	...

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