🕴 How Sam Bankman-Fried Tried to Cling to FTX

Plus: TikTok's Viral Challenges Keep Luring Young Kids to Their Deaths, Twitter's advertising losses are piling up, and more…

Today’s pick

'No Cooperation': How Sam Bankman-Fried Tried to Cling to FTX. When the cryptocurrency exchange FTX filed for bankruptcy on Nov. 11, the company's founder, Sam Bankman-Fried, announced the news in a contrite message on Twitter. But his attempt to calm the situation belied what had just taken place within the… (David Yaffe-Bellany / The New York Times)

David Yaffe-Bellany @yaffebellany

New: Dozens of pages of texts, emails and Slack messages show how Sam Bankman-Fried clung on to power in the final days of FTX, as his advisors urged him to file for bankruptcy. "We had no cooperation,” a top FTX lawyer said. “It was unfortunate.”

nytimes.com‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTXEmails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange.

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TikTok's Viral Challenges Keep Luring Young Kids to Their Deaths. Children are dying from the blackout challenge. Why isn't the world's most popular app doing more to protect them? “Sissy's tangled!” The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard… (Olivia Carville / Bloomberg)

Bloomberg @business

NEW: Kids keep dying trying dangerous challenges on TikTok. Why isn't the world's most popular social media app doing more to protect them? Read The Big Take 🔽 trib.al/JJzR0Uw

trib.alBloomberg - Are you a robot?

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Twitter's advertising losses are piling up. On Monday morning, a revenue analyst for Twitter in Europe shared some disheartening news. “We are seeing a significant decline in bookings,” the analyst posted in Slack, before sharing the numbers. Twitter's ad revenue in Europe, the… (Casey Newton, Zoë Schiffer / Platformer)

Zoë Schiffer @ZoeSchiffer

NEW: Twitter is delaying the relaunch of Twitter Blue as it tries to skirt Apple's 30% App Store fees. In the meantime, the company's ad revenue is down 49 percent or more week over week in key markets. My latest with @CaseyNewton:

platformer.newsTwitter’s advertising losses are piling upRevenues are in free fall, employees say. Can Musk turn the tide?

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DeSantis Attacks Apple For Allegedly Threatening To Remove Musk-Run Twitter From App Store-Joining Other Republicans. Florida Gov. Ron DeSantis (R) on Tuesday joined a growing chorus of Republicans criticizing Apple after Twitter owner Elon Musk claimed the tech giant threatened to remove Twitter from its App Store, strengthening the GOP's ties to Musk and… (Sara Dorn / Forbes)

Possibly Tim Sweeney @TimSweeneyEpic

Fighting Apple's monopoly in an American issue transcending party politics. Monopoly control over the digital economy and online discourse infringes the rights of all Americans and threatens our economy and freedom as a whole.

forbes.comDeSantis Attacks Apple For Allegedly Threatening To Remove Musk-Run Twitter From App Store—Joining Other RepublicansDeSantis suggested Apple made the threat—which the company hasn’t confirmed—because of Twitter’s changing moderation rules under new owner Elon Musk.

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Yahoo eyes retail stock trading in major growth push. Yahoo's latest deal underscores its move to boost revenues and use its cash to grow its core businesses, including Yahoo Sports, Yahoo Finance and Yahoo Mail. Why it matters: Acquired last year by Apollo Global Management, Yahoo plans to add on new… (Kerry Flynn / Axios)

Kerry Flynn 🐶 @kerrymflynn

Yahoo executives have been planning to build a retail trading platform within Yahoo Finance that would allow retail traders to leverage Yahoo Finance's data as part of a full suite of end-to-end trading tools More from @sarafischer + me on Yahoo's future:

axios.comYahoo eyes retail stock trading in major growth pushYahoo’s new Taboola deal underscores its move to boost revenues and use its cash to grow its core businesses.

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