December 1, 2022
Image: Michael M. Santiago / Getty
Good morning! You might expect the former CEO of FTX, a company whose bankruptcy has been compared to that of Lehman Brothers and Enron, would want to keep quiet. But Sam Bankman-Fried does not want to be quiet. Let’s dig into what he had to say yesterday.
Against the advice of his lawyers, Sam Bankman-Fried sat down in front of a webcam in the Bahamas yesterday to talk with Andrew Ross Sorkin of The New York Times. Dressed in a black t-shirt and sipping a can of LaCroix, he spoke for over an hour about what has happened to FTX, Alameda, and the billions of dollars with which they were entrusted.
The full transcript of the interview is well worth a read, but we’ve picked out some choice cuts.
On whether his lawyers were approving of his desire to speak publicly:
On the situation writ large:
On whether he’s considered criminal liability:
On his future:
On his current financial health:
On his reported drug use:
On whether he’s ever lied about FTX:
Exactly a year after he was promoted to the position of co-CEO at Salesforce, Bret Taylor announced that he’s departing the company.
Marc Benioff pulled Taylor close after Salesforce acquired his startup Quip in 2016. Taylor became COO at Salesforce, and then was elevated to co-CEO on Nov. 30, 2021.
Taylor is leaving to return to his “entrepreneurial roots,” he wrote in a statement.
But is this becoming a trend? Keith Block left the position of co-CEO at Salesforce in Feb. 2020 after just 18 months in the role, having previously been in the role of COO.
Elon Musk seems to have made up with Tim Cook:
But Mark Zuckerberg joined in with the criticism of Apple’s walled garden:
And so did Spotify CEO Daniel Ek:
Netflix co-founder Reed Hastings thinks the company should’ve started running ads sooner:
Crypto exchange Kraken laid off 1,100 employees, or about 30% of its workforce, “in order to adapt to current market conditions,” CEO Jesse Powell wrote.
John Stauffer is leaving Apple for Roblox, where he will be a vice president of engineering. At Apple, he was in charge of media-related software technology.
Meta is subleasing part of its Hudson Yard office spacein New York, Bloomberg reported. It took on 1.5 million square feet of office space there in 2019.
Neuralink will be ready for human testingin six months according to Elon Musk. It is working on helping disabled patients to move and communicate, and is now also targeting restoration of vision. Wired’s Emily Mullin has a good close look at how the technology is evolving.
Amazon will warn customers about the limits of its AI, including details about bias, privacy and other ethics issues in publicly available information akin to nutrition labels.
TSMC plans to make more advanced chips in the U.S. after being urged to do so by Apple, according to Bloomberg.
SpaceX has been accused of age discriminationby a former employee who posted a long essay on the whistle-blowing platform Lioness describing the problems he encountered at the company.
Cruise wants to test cars with no controls — yep, that means no steering wheel — on the roads of San Francisco.
There’s a Senate hearing on FTX today, and Rostin Behnam, chairman of the Commodity Futures Trading Commission, is expected to be grilled on whether tighter regulation could have prevented the company’s failure.
The Chamber of Commerce pushed back against an EU plan that would make it harder for non-EU cloud vendors to provide services for EU governments.LastPass has suffered a data breachthat exposed “certain elements” of customer information.
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