Tech Brew Ride Home Tue. 11/22 – The Alexa Deathwatch Is Real
Nov 22, 2022
Crypto continues to struggle as Genesis warns of potential bankruptcy. FTX executives, including Sam Bankman-Fried's parents, shockingly invest in luxurious properties in the Bahamas. Meanwhile, Elon Musk reveals Twitter is shifting gears to hire again after cuts. The decline of Amazon's Alexa raises eyebrows, with massive projected losses and insights into corporate advertising practices. Lastly, Apple's claim of privacy faces scrutiny amid evidence questioning its data handling.
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Crypto Contagion
- Genesis, a crypto brokerage, faces potential bankruptcy after FTX's collapse.
- The situation highlights the contagion effect in the crypto market.
Bahamas Properties
- FTX, its executives, and SBF's parents bought $121M worth of property in the Bahamas.
- SBF claimed he lived with colleagues, while his parents' property was deemed a "vacation home."
Twitter Hiring
- Elon Musk says Twitter is done with layoffs and is actively hiring engineers and sales staff.
- He mentioned no headquarters move to Texas, but a dual headquarters is possible.