At Patreon, Mismanagement Thwarts a Pandemic-Era StarRead Now

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FTX Seeking to Sell LedgerX, Other Entities in Bankruptcy Proceedings

FTX is seeking to sell LedgerX and three other entities in its bankruptcy proceedings, according to a court filing Thursday. The company asked the bankruptcy court Thursday to approve bid procedures for the sales of the entities. In addition to LedgerX, the company is also aiming to sell custody and clearing firm Embed Technologies, FTX Japan and FTX Europe. Dozens of firms have expressed...

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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Attendees at the E3 Electronic Entertainment Expo in Los Angeles in June 2018. Photo by Bloomberg.
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
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New York Regulator Investigating Crypto Exchange Gemini
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service     
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Patreon CEO Jack Conte. Art by Mike Sullivan
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At Patreon, Mismanagement Thwarts a Pandemic-Era Star
Two years ago, Jack Conte seemed to have pulled off one of the most remarkable makeovers in recent Silicon Valley memory.
Sumo Logic CEO Ramin Sayar. Photo by Bloomberg.
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Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
Private equity firms including Thoma Bravo, Vista Equity Partners and Francisco Partners have approached data analytics software company Sumo Logic expressing interest in a possible acquisition, according to a person familiar with the matter.
The back windshield of a Waymo Chrysler Pacifica robotaxi prototype. Photo by Bloomberg
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Alphabet’s Waymo Robotaxi Subsidiary Cuts Staff, Including Trucking Engineers
Alphabet’s self-driving vehicle unit Waymo quietly laid off staff Monday, continuing a wave of job cuts at the parent company of Google, according to LinkedIn posts from affected employees and one person briefed about the move.
CEO Maju Kuruvilla. Photo: Getty Images
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Bolt CEO Cuts Staff a Third Time as Revenue Lags
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.
Photo via Shutterstock.
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Microsoft Plans Security Features, Wider Release for Its OpenAI-Powered Coding Tool
ChatGPT has generated headlines and hype since its release last year, with its humanlike responses to written prompts.
Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice, speaks during a news conference on January 24. Photo by Bloomberg.
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DOJ’s Latest Case Against Google Is Intricate But Important
Over my career as a tech reporter, regulators have sued or threatened to sue Google for exerting monopoly power in its ads business so many times it’s hard to keep track.