IT teams are hiring more freelancers and slowing recruiting full-time staff; Freelancer.com says software developer job postings rose 54.7% YoY in Q3 2022 (Angus Loten/Wall Street Journal)

Sam Reynolds / CoinDesk:
Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance  —  Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.

Olivia Poh / Bloomberg:
Google, Temasek, and Bain report: Southeast Asia online spending will rise ~20% in 2022 to $200B, down from 38% in 2021, as digital adoption growth normalizes  —  Growth in Southeast Asia’s internet economy is slowing after years of expansion, showing that even emerging digital markets aren’t immune to economic headwinds.

Taylor Soper / GeekWire:
Microsoft’s cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, driven by Azure and other cloud services, up 35% YoY  —  A declining PC market and macroeconomic headwinds are slowing Microsoft’s revenue growth numbers, but the Redmond tech giant still beat expectations …

Alexandra Muller / Bloomberg:
A wave of foreign buyers are planning to acquire fast-growing British tech companies, including Micro Focus, Avast, and Darktrace, thanks to a weakened pound  —  A wave of foreign buyers is coming after British technology companies, threatening to rob the UK market of what little exposure it still has to high-growth assets.

Kurt Wagner / Bloomberg:
Source: Zuckerberg told staff in a weekly Q&A that Meta will freeze hiring, restructure some teams, and reduce budgets across teams, citing economic conditions  —  Meta Platforms Inc., the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities.

Xinyi Luo / CoinDesk:
Alameda-backed DeFi projects Maps.me, a maps app for travelers, and “DeFi Prime Brokerage protocol” Oxygen say 95%+ of their native tokens are locked up at FTX  —  Alameda Research led funding rounds into both companies in 2021.  —  Maps.me and Oxygen, two decentralized finance …