Binance says it will buy FTX after smaller rival stumbles through 'liquidity crunch' • TechCrunch

Binance chief says FTX acquisition ‘not a win’ • ProWellTech

Binance founder and chief executive Changpeng Zhao says FTX “going down is not good for anyone in the industry,” and the ongoing episode has “severely shaken” the confidence of consumers, a day after the world’s largest exchange signed a non-binding agreement to acquire its most formidable rival firm. Zhao said the sudden liquidity crunch at…

Meta slashes expenses on reduced hiring and capex investments • TechCrunch

Meta slashes expenses on reduced hiring and capex investments • ProWellTech

Meta’s body blow layoff announcement will see the parent of Facebook, Instagram and WhatsApp making its first-ever major layoffs as a company, cutting 11,000 employees, 13% of its total; predictably investors are responding favorably, bumping the stock up by over 5% in pre-market trading. While the dust settles and we start to get an idea…

Hackers start leaking health data after ransomware attack • TechCrunch

Hackers start leaking health data after ransomware attack • ProWellTech

Medibank has urged its customers to be on high alert after cybercriminals began leaking sensitive medical records stolen from the Australian health insurance giant. A ransomware group with ties to the notorious Russian-speaking REvil gang began publishing the stolen records early Wednesday, including customers’ names, birth dates, passport numbers, and information on medical claims. This…

Stage Manager running on the iPad Pro (2022).

I used Stage Manager on my iPad Pro, and I failed miserably

Stage Manager is, without a doubt, one of the most fascinating pieces of software I’ve seen from Apple in years. Released as the hallmark feature for iPadOS 16, Stage Manager reimagines the multitasking experience for the iPad — allowing you to run multiple windows simultaneously, resize them to your heart’s content, and turn the iPad…

Apple’s Freeform aims to be a collaborative whiteboard for everyone • TechCrunch

Apple’s Freeform aims to be a collaborative whiteboard for everyone • ProWellTech

Apple announced its so-called Figma Whiteboard competitor called Freeform at its Worldwide Developer Conference (WWDC) in June. The company hasn’t rolled out the idea board app to everyone yet but if you are using public or developer beta, you will get to play with the app with the iOS 16.2 update, and on Mac with…

Meta confirms 11,000 layoffs, amounting to 13% of its workforce • TechCrunch

Meta confirms 11,000 layoffs, amounting to 13% of its workforce • ProWellTech

Facebook, Instagram, and WhatsApp’s parent company Meta has confirmed a huge round of layoffs, amounting to 13% of its workforce. “I want to take accountability for these decisions and for how we got here,” CEO and cofounder Mark Zuckerberg wrote in a statement. “I know this is tough for everyone, and I’m especially sorry to…