Wed. 11/09 – CZ & SBF Make FTX Go Boom?

The Meta layoffs are here and they’re brutal. But rumors are, TikTok is cutting back also. What even is the new Twitter subscription product at this point? Does anybody know? And if you look at today’s show title, and it’s just a bunch of gibberish, hopefully I can explain the big crypto blowup from yesterday.

Sources:

• Kinsta.com
• Storyblok.com

Links:

• Meta confirms 11,000 layoffs, amounting to 13% of its workforce (TechCrunch)
• TikTok slashes global revenue targets by at least $2bn (Financial Times)
• Twitter’s solution for ruining verification is another check mark (The Verge)
• Disney+ reaches 164.2M subscribers as it prepares for ad-supported tier launch (TechCrunch)
• The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ (CoinDesk)
• Lucas Nuzzi (Twitter Thread)
• FTX Venture Investors Fear Total Wipeout in Binance Rescue Deal (The Information)