Elon Musk's plan to remake Twitter by directing engineers to work "long hours at high intensity" is out of step with the lessons the software industry has learned about how to build great products.
Driving the news: Musk sent the company's workers a memo early Wednesday morning asking them to click a button committing them to Twitter's new, "extremely hardcore" environment by 5 pm Thursday — or leave the company with three months' severance.
Elon Musk on Wednesday told a Delaware judge that he plans to "reduce my time at Twitter and find somebody else to run Twitter over time."
Driving the news: Musk's recent focus on Twitter, which he took ownership of three weeks ago have sparked frustration amongst Tesla investors. One of them is suing Musk over the size of his Tesla compensation package, and the Delaware hearing was part of that lawsuit.
Top esports team TSM found itself in the midst of two of tech's biggest storms as it suspended its $210 million naming rights deal with failed crypto exchange FTX.
Driving the news: TSM announced the deal's suspension today, but initially said it was unable to remove one of the core things FTX paid for, the exchange's name in the team's Twitter handle.
Grayscale Bitcoin Trust, or GBTC, traded Thursday at a record 42% discount to the underlying value of the bitcoin it holds.
Why it matters: Many saving and investing platforms have been offering Grayscale crypto funds to customers who request exposure to digital assets. As the biggest U.S. investment fund to offer exposure to bitcoin, it would seem like a natural choice.
Airbnb is making it easier for wheelchair users to search for accessible vacation homes on the platform.
"Adapted," which shows listings with features like step-free access, is one of six new search categories the company added Wednesday as part of its Winter 2022 release.
Genesis Global Trading's crypto lending unit is the latest to suspend services amidst the fresh market rout kicked off by the public implosion of FTX.com.
Elon Musk has given an ultimatum to Twitter employees to either embrace the new "extremely hardcore" work environment or leave the company.
Why it matters: The memo comes as Musk has clashed with Twitter employees both behind-the-scenes and on social media. It is another controversial move in the dramatic saga that's unfolded since Musk announced his takeover bid.
Lawmakers from both parties who back stricter rules for handling kids' data and accounts online see an opening in the last lame-duck weeks of this Congress.
Why it matters: Passing a national online consumer privacy bill continues to be out of Congress' reach, but protecting young people online has been one of the few areas in recent decades where Congress has been able to pass new tech regulations.
Thieves are stealing paper checks from mailboxes, "washing" them with nail polish remover, and filling in new amounts and payees — causing endless grief for victims and their banks, which typically foot the bill.
Driving the news: The black market for "glass" — pilfered checks sold online, with a guarantee they'll clear at the bank — is growing more widespread and sophisticated.
More people in the world will play video games this year than ever before, but the amount of money spent on gaming will decline, according to a new report from leading research firm Newzoo.
Why it matters: After video games boomed during the first two years of the pandemic, Newzoo calls this the first drop in revenue since it began tracking the industry more than a decade ago.
In the week since Election Day, cybersecurity lobbyists in Washington are anticipating their jobs will mostly stay the same — even if Republicans take control of the House of Representatives.
Why it matters: Since cyberattacks aren’t going anywhere, lawmakers and lobbyists are optimistic they can push through rules on software security, critical infrastructure security oversight and federal IT spending, even in a closely split Congress.
Qualcomm will unveil its latest high-end smartphone chip Tuesday, as it — along with the rest of the industry — grapples with a rapid about-face in the semiconductor market, from unprecedented shortage to incipient glut of both devices and key components.
Why it matters: Every player in the chip industry has to deliver the latest and greatest to avoid losing share to rivals. At the same, the makers of phones and PCs now have weeks worth of inventory of existing products, as the economic slowdown pinches consumers.
Dozens of Congressional candidates — most of them Democrats — received campaign contributions or indirect financial support from Sam Bankman-Fried, the crypto tycoon whose company collapsed last week.
The big picture: It's unclear where Bankman-Fried's money came from. Forensic accountants and bankruptcy courts are on the case, but it could take months to untangle FTX's web of comingled funds.
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