CoinDesk:
Sources: Galaxy Digital, the digital assets financial services company run by Michael Novogratz, plans to cut 20%+ of its workforce; its stock is down ~80% YoY — CoinDesk estimates that around 11,700 crypto jobs had been lost as of mid-October as a result of the crypto winter.
Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021 — – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius. — GK8 was originally acquired by Celsius for $115 million in late 2021.
Bloomberg:
Sources: Elon Musk plans to cut ~3,700 jobs at Twitter, half of the company’s workforce, starting November 4, and reverse its existing work-from-anywhere policy — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce …
Victoria Song / The Verge:
Samsung Galaxy Watch 5 Pro review: longer battery life, looks nice, and improved bezel, but misleading specs, quite thick, and uncomfortable for petite users — At least, in terms of reading and battery life — I didn’t think I was going to like the Galaxy Watch 5 Pro.
Ben Schoon / 9to5Google:
Canalys: Samsung passed Huawei to become the world’s second-largest smartwatch maker in Q2 2022, shipping 2.8M units, up 58% YoY, on strong Galaxy Watch 4 sales — Google’s Wear OS was a forgotten platform in the greater smartwatch market when looking at what people were actually buying, but things are quickly turning around.
Yuvraj Malik / Reuters:
Mobileye reports Q3 revenue up 38% YoY to $450M, beating $447M estimates, and a $45M net loss, up from $26M YoY, in its first post-IPO earnings — Mobileye Global Inc (MBLY.O) beat estimates for revenue on Wednesday in its first quarterly report after going public in October, as the Intel Corp …
Eduard Kovacs / SecurityWeek:
Pwn2Own Toronto 2022: participants earned a total of $400K for new exploits targeting Samsung Galaxy S22, printers, routers, and NAS devices on the first day — On the first day of the Pwn2Own Toronto 2022 hacking competition, participants earned a total of $400,000 for new exploits targeting phones, printers, routers and NAS devices.
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