Crypto Collapse and Innovation Standards

Now the haircuts have come for Stripe, but they took theirs voluntarily. Who’s responsible for the big hole on Celsius’ balance sheet? Twitter wants to let devs make their own timelines. Will Amazon voluntarily exit the white label business. And, of course, the Weekend Longreads Suggestions.

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Links:

• Stripe Cuts Internal Valuation by 28% (WSJ)
• Celsius Discloses $1.19 Billion Deficit in Bankruptcy Filing (Bloomberg)
• Twitter is testing custom timelines, and first one is about The Bachelorette (TechCrunch)
• Amazon Has Been Slashing Private-Label Selection Amid Weak Sales (WSJ)

Weekend Longreads Suggestions:

• How Three Arrows Capital Blew Up and Set Off a Crypto Contagion (Bloomberg)
• The Standards Innovation Paradox (Michael Mignano Medium)
• Siberia or Japan? Expert Google Maps Players Can Tell at a Glimpse. (NYTimes)
• Advanced E.V. Batteries Move From Labs to Mass Production (NYTimes)
• How the Webb sends its hundred-megapixel images a million miles back to Earth (TechCrunch)
• The Webb Space Telescope’s Profound Data Challenges (iee Spectrum)

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