Elon Musk has "added [Twitter] to his business empire after months of legal skirmishes," writes The Verge's Elizabeth Lopatto, citing reports from CNBC, The Washington Post and Insider. From the report: Musk's first move on Thursday was to oust Parag Agrawal, who was Twitter's last CEO as a public company. Chief financial officer Ned Segal and Vijaya Gadde, the company's policy chief whom Musk had publicly criticized have also reportedly left the building. Sean Edgett, the general counsel, is also gone, The New York Times reports, adding that at least one of these executives was walked out by security. Chief customer officer Sarah Personette was also fired, Insider reports. The execs received handsome payouts for their trouble, Insider reports: Agrawal got $38.7 million, Segal got $25.4 million, Gadde got $12.5 million, and Personette, who tweeted yesterday about how excited she was for Musk's takeover, got $11.2 million

Questions still remain about what Musk plans to do with Twitter now that he owns it, though he's made a number of public comments. The Washington Post reported that Musk planned to cull 75 percent of Twitter's employees, citing estimates given to prospective Twitter investors. Musk told Twitter staffers that the 75 percent figure was inaccurate, Bloomberg reported. In Musk's text messages, provided during discovery to Twitter's lawyers, he and entrepreneur Jason Calacanis, a friend of his, discussed cutting staff by requiring a return to office. "Day zero," Calacanis texted Musk. "Sharpen your blades boys." Requiring Twitter employees to return to offices would mean 20 percent of the staff would leave voluntarily, Calacanis wrote. Also, Calacanis told Musk, "Twitter CEO is my dream job."

Twitter also faces challenges to its free speech stance in court, as the Supreme Court agreed to take up two cases that will determine its liability for illegal content. Musk, who is also CEO of Tesla and SpaceX, has suggested he'll change the way Twitter's moderation works, potentially relaxing the kinds of policies that saw former President Donald Trump permanently banned from the platform. Although Musk has said that his Twitter acquisition is "not a way to make money," he's reportedly raised ideas for cost cutting and increasing revenue. Governments and corporations could be charged a "slight cost" to use Twitter, and there could be job cuts on the table to improve the company's bottom line. Some of Twitter's current employees have criticized Musk's plans for the platform as "incoherent" and lacking in detail. More broadly, Musk has talked about using Twitter to create "X, the everything app." This is a reference to China's WeChat app, which started life as a messaging platform, but has since grown to encompass multiple businesses, from shopping to payments to gaming. "You basically live on WeChat in China," Musk told Twitter employees in June. "If we can recreate that with Twitter, we'll be a great success."

Palmer Luckey is not a fan of what Mark Zuckerberg has so far produced for the metaverse, although he does think it could eventually succeed. Insider reports: The Oculus founder, speaking Monday during The Wall Street Journal conference Tech Live, said of Horizon Worlds, Facebook's core metaverse product: "I don't think it's a good product." "It's not good, it's not fun," Luckey said of Horizon. "Most people on the team would agree it's not a good product." "Mark Zuckerberg is the number one virtual reality fan in the world," Luckey said. "He's put in more money and time to it than anyone ever in history."

He said the amount of money Zuckerberg is putting behind the project alone means there's a chance Horizon Worlds will get better and the metaverse will be a success. "It is terrible today, but it could be amazing in the future," he said. "Zuckerberg will put the money in to do it. They're in the best position of anyone to win in the long run." It will take time and involve mistakes, he added, comparing it to a "project car," a fancy automobile that the owner spends a lot of money on as a hobby. "You hack at it and maybe no one else sees the value," Luckey said. "Will they stumble? Yeah sure. Will they waste money? Will they add things to their project car that they later hack off? Yes." The report notes that Facebook lost $10 billion last year on its metaverse projects, and is expected by to lose more than $10 billion again this year.

Apple has announced updates to the App Store Review Guidelines, offering guidance for apps offering cryptocurrency and NFTs. Apple Insider reports: The text for the rule has been changed to include the following: "Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets, etc." The rule change is no surprise, as Apple only allows alternative payment systems in certain countries.

An addition to the 3.11 rule is as follows: "Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase."

Finally, Apple has revised rule 3.1.5(iii) to include cryptocurrency exchanges. These companies let people buy and sell cryptocurrencies using traditional fiat currency. "Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange."

"Google is giving Apple a taste of its own medicine," reports Business Insider, arguing that the latest update to Android's messaging app "is going to make texting between iPhone and Androids even more annoying than it already is." [Alternate URL] The updates are great if you're an Android user. Google Messages' new features include the ability to reply to individual messages, star them, and set reminders on texts. But these features and some other updates to Messages are RCS-enabled, meaning they're not going to be very compatible with SMS, which is the texting standard that iMessage switches to when messaging someone without an iPhone. iPhones exchange messages using iMessage, Apple's proprietary messaging system, but revert to SMS when texting an Android.

One feature that's part of Google's payback to Apple is that now, when Messages users react to an SMS text with an emoji, iPhone users will get a text saying the other person reacted to their text with a description of whatever emoji the person used. It's similar to when iMessage users react to an SMS text, with the recipient getting a "so and so loved" message instead of seeing the heart emoji reaction.... In August, Android launched a page on its website calling Apple out for refusing "to adopt modern texting standards when people with iPhones and Android phones text each other." The page has buttons that take users to Twitter to tweet at Apple to "stop breaking my texting experience. #GetTheMessage" with a link to Android's page urging Apple to "fix texting."

"We would much prefer that everybody adopts RCS which has the capability to support proper reactions," Jan Jedrzejowicz, Google Messages product manager, said in a briefing before the Messages updates were announced. "But in the event that's not possible or hasn't happened yet, this feels like the next best thing." Recently, Apple CEO Tim Cook said he doesn't get a lot of feedback from iPhone users that Apple needs to fix messaging between iPhones and Androids. Apple doesn't have much incentive to do so, either. In legal documents from a 2021 lawsuit between Epic Games and Apple, an Apple executive said "Moving iMessage to Android will hurt us more than help us."

A leaker has claimed that Apple is working on a version of macOS exclusive for the M2 iPad Pro, with it expected at some point in 2023. Apple Insider reports: Leaker Majin Bu's sources have shared that Apple is working on a "smaller" version of macOS exclusively for the M2 iPad Pro. It is said to be codenamed Mendocino and will be released as macOS 14 in 2023. Testing is being done with a 25% larger macOS UI so it is suitable for touch. However, apps run on the product would still be iPad-optimized versions, not macOS ones.

It isn't clear why Apple would move the iPad to a macOS interface in a half-step like this. Those clamoring for macOS on iPad do so for the software more than the interface. [...] The other possible explanation is this wasn't macOS at all. Apple could be working to bring iPadOS even closer to macOS by adding a Menu Bar and other Mac-like interactions. It already introduced a Mac windowing feature in iPadOS 16 called Stage Manager, this could be the next iteration. Majin Bu also suggests that the exclusivity to M2 iPad Pro could be a marketing push. If the feature is only available on that iPad, more people would buy it.

News outlet The Wire is investigating its own reporting amid an explosive dispute with Meta. From a report: Last week, The Wire, a small but gutsy Indian news outlet, seemed to land one explosive punch after another on Meta, the social media giant that owns Instagram and Facebook. The California company had given an influential official from India's ruling party the extraordinary power to censor Instagram posts that he didn't like, The Wire reported, citing a document leaked by a Meta insider. A day later, The Wire reported that Meta executives were scrambling to find the mole who leaked the story, citing a new internal email the publication had obtained.

Finally, after Meta executives denied both reports on social media -- and, in an unusual move, insisted that The Wire's documents appeared fabricated -- The Wire released a lengthy rebuttal on Saturday that the outlet said would lay to rest any doubts about its reporting. It did not. Instead, The Wire is now investigating itself. The publication said Tuesday it launched an internal review of its stories about Meta, adding a new twist to a sensational dispute between a reputed Indian news organization and a powerful Silicon Valley company -- a clash that has captivated the technology and media industries in both India and the United States.
UPDATE (10/23): The Wire has retracted their story.

Friday Amazon released the season finale for The Lord of the Rings: The Rings of Power. But Amazon's 8-episode first season "might have been best known for its extravagant price tag," jokes the Los Angeles Times. It ultimately cost $700 million — making it the most expensive TV show ever — and they note one viewer's assessment that "Visually, it's great. All the money in production shows..." (The Times' critic called it "visibly expensive.")

But can you quantify whether the show is good, great, or something out of Mordor? The Times cites reports that more than 100 million Amazon Prime viewers watched some part of the show (with the premier attracting 25 million viewers on its first day — a new record for the streaming service). Yet they also add that "It's no surprise that a long-gestating TV show based on the mythology behind a beloved fantasy series has garnered mixed reviews from audiences. (In the main, critics have been more positive, according to review aggregation sites like Rotten Tomatoes and Metacritic)."

And CNN is a little less charitable: After initial reviews admired the scope and visual grandeur, though, more critical voices have drifted into the naysaying column, pointing out — as the Daily Telegraph's Duncan Lay put it — that the series "managed to be both pretentious and boring." Forbes' Erik Kain sounded a similar note, writing that after the opening chapters, "The Rings of Power" has demonstrated "how quickly a badly written TV series can wear out its welcome once the shimmer fades."
But there's also this from Business Insider: Creators J.D. Payne and Patrick McKay promise that if viewers were disappointed with season one's story because they expected more Sauron, then they'll dig the second season, which started filming earlier this month. "There may well be viewers who are like, 'This is the story we were hoping to get in season one!,'" McKay told The Hollywood Reporter. "In season two, we're giving it to them."
Indeed, this season accomplished "the hard work of setting up who all those characters are," Amazon Studios head told Variety — possibly hinting again at that surprise reveal of Sauron in the season finale.

And according to The Hollywood Reporter, the show's creators have high hopes for its impact on Season Two: "There's something that Milton does in Paradise Lost that we talked about a lot. Where he makes Satan a really compelling character... Season one opens with: Who is Galadriel? Where did she come from? What did she suffer? Why is she driven?" says Payne. "We're doing the same thing with Sauron in season two. We'll fill in all the missing pieces."

"Sauron can now just be Sauron," McKay adds. "Like Tony Soprano or Walter White. He's evil, but complexly evil. We felt like if we did that in season one, he'd overshadow everything else. So the first season is like Batman Begins, and The Dark Knight is the next movie, with Sauron maneuvering out in the open."

Credit-reporting giant Equifax has fired at least two dozen employees for working undisclosed jobs, and used extensive work-history records it holds on more than 100 million Americans to catch them, according to documents and interviews with people familiar with the matter. From a report: In one of the latest signs of corporate America trying to regain control of an increasingly remote workforce, CEO Mark Begor this week informed employees that some of their "teammates" were fired for having "a second full-time job while maintaining their full-time role at EFX," which is the ticker symbol for Equifax. "We expect our team to be fully dedicated to EFX and have one role â¦their job at EFX," Begor wrote in a recent company-wide email, a copy of which was obtained by Insider. "I am sure you are as disappointed as I am."

The crackdown was the result of an investigation that unfolded in recent months conducted by Equifax employees, including HR and cybersecurity, according to a document seen by Insider. Those leading the investigation combed through work histories and activity records for more than 1,000 employees and contractors, according to an Equifax employee who was not authorized to speak publicly and internal records seen by Insider. The company used various code names for its investigation, including "Project Home Alone" and "Project Page 12," according to the employee and company records. "Project Page 12" is named after the section of the company handbook that bans employees from working two jobs without approval, this person said.

An anonymous reader quotes a report from Ars Technica: In the early 2000s, Americans who wanted to catch the local weather forecast at any time might turn on their TV and switch over to Weatherscan, a 24-hour computer-controlled weather forecast channel with a relaxing smooth jazz soundtrack. After 23 years, The Weather Channel announced that Weatherscan will be shutting down permanently on or before December 9. But a group of die-hard fans will not let it go quietly into the night.

Launched in 1999, Weatherscan currently appears in a dwindling number of local American cable TV and satellite markets. It shows automated local weather information on a loop, generated by an Intellistar computer system installed locally for each market. Declining viewership and the ubiquity of smartphone weather apps are the primary reasons it's going offline. There are also technical issues with maintaining the hardware behind the service. "Weatherscan has been dying a slow death over the course of the last 10 years because the hardware is aging," says Mike Bates, a tech hobbyist who collects and restores Weather Channel computer hardware as part of a group of die-hard fans who follow insider news from the company. "It's 20 years old now, and more and more cable companies have been pulling the service." [...]

Hobbyists like Bates (who goes by "techknight" on Twitter) have collected the hardware necessary to run their own Weatherscan stations out of their homes. Some have also created software that simulates the service in a browser. [...] However, getting Weatherscan to run locally was a team effort, primarily by friends named Ethan, Brian, and Jesse. One of the Intellistar computer models behind the service runs FreeBSD on a Pentium 4-based PC in a blue rack-mount enclosure. It includes an ATI card for generating the graphics and a proprietary PowerPC-based card that pulls it all together to make it broadcast-ready. To get Weatherscan working at home, the group of friends found decommissioned Intellistar units on eBay and used forensic tools to reconstruct data from the hard drives, piecing together a working version of the Weatherscan software from multiple sources. Since then, they have exhibited their work at shows like the Vintage Computer Festival Midwest last month.

Microsoft is rolling out support for third-party widget development and new video calling functions for Chat from Microsoft Teams in its latest developer build of Windows 11. The new features in Preview Build 25217 are available for folks enrolled in the Windows Insider program. The Verge reports: Now, developers can create and test widgets that can be added to the Windows 11 widgets panel. New third-party widgets can only be tested locally on the latest Insider Preview build for now, but can later appear in the Microsoft Store for the shipping version of their apps once the build is formally released to the public. Microsoft says that Widgets can only be created for packaged Win32 apps at this time, but support for Progressive Web App (PWA) Widgets is planned as part of Microsoft Edge 108.

The Insider preview also includes a sneak peek (for a limited group of Insiders) at a new video calling experience for Chat from Microsoft Teams on Windows 11. When you open Chat from the taskbar, you'll soon be able to see a preview of your own video feed, allowing you to fix your appearance or spot any background issues before starting a call. Microsoft hopes to make this experience more broadly available in the coming months, but a 'small subset of users' will already have access to the feature as part of a sneak preview release. You can launch Chat from your Windows 11 taskbar yourself to check if you're one of the lucky few selected.

The Insider Preview Build 25217 also contains a few other feature updates, including improved cloud suggestions and integrated search suggestions for Simplified Chinese, and some design changes to the Microsoft Store. Now, the store makes it clearer if a game is included as part of Game Pass to spare you from accidentally purchasing a game you may have free access to. The Game Pass library is also getting a performance boost and some more simplified options.

Mark Zuckerberg and other Facebook leaders have given many hints that a reorganization is coming. Now, a specific number of workers are to be deemed "needs support," Insider has learned. From the report: The company is already telling some to find other jobs, leaving workers to call it "quiet layoffs." It told staff last week in a weekly Q&A with CEO Mark Zuckerberg that it was extending a hiring freeze that's been in place since May. Just before this meeting, executives told directors across the company that they should select at least 15% of their teams to be labeled as "needs support" in an internal review process, one of the people who spoke with Insider said.

All the workers asked not to be identified discussing nonpublic information. This was also discussed last week in a post from a Meta worker on Blind, an app popular with tech workers that requires a valid company email address to use anonymously. "These 15% will likely be put on PIP and be let go," the person wrote. The post prompted hundreds of comments from many other Meta workers who debated how many people would be let go. In Facebook's employee-review process, someone deemed in need of support is ostensibly dipping below performance goals. It is broadly seen by workers as a "performance-improvement plan," or PIP, and a precursor to losing your job. In July, Maher Saba, Meta's head of engineering, told managers they needed to identify everyone on their teams who fell into the "needs-support" category but did not specify a percentage of people who should be labeled that way.

Twitter is (for now) indispensable to following blockchain technology. What might look to outsiders like idle badgering and joking, is in fact the process of people forming allegiances and making deals. Axios reports: "Crypto Twitter" or "CT," refers to all the people tweeting about various blockchain projects all day. They don't all necessarily follow or interact with each other, just as everyone in a town doesn't necessarily know everyone else, but a town still has its own character and so does CT. "Crypto is 24/7/365, and it needs a medium that matches that pace," Variant Fund's Spencer Noon tells Axios.

Sources prominent on Crypto Twitter mostly feel that Twitter has been a useful space for the crypto industry, but not without caveats. Several say it's key to staying abreast of what's hot right now. "Twitter is kind of a 'Great Equalizer' of sorts, where broadcasting continues to be a good way for newcomers to build a brand," Archetype VC's Katherine Wu tells Axios. [...] The best use of Twitter depends on whether you're a trader, investor, content creator or founder, but lots of our sources pointed to Twitter's power as a place for discourse. "To me what matters most is the dialogue," Adamant Research's Tuur Demeester said. "Sometimes I like to just throw ideas out there to immediately connect with those that share similar interests and want to brainstorm," Linda Xie of Scalar Capital said.

It takes a while to get your bearings on CT. There are a lot of inside jokes and in group language that takes time to learn. As [Castle Island Ventures Nic Carter] put it, those obstacles serve as filters to make sure folks in the conversation know something about what they're discussing. "It's like an in-group binding mechanism," Matti of Zee Prime Capital says. "You feel rewarded that you're an insider if you get something, and then comes that sweet release of dopamine." Some notable moments in CT include when ConsenSys staffer Jordan Lyall tweeted a gag in the middle of DeFi Summer that turned into a real project, with a token called MEME. And when Coinbase announced acquiring Neutrino in 2019, "a company with staffers known for enabling some very controversion spying," reports Axios. "The hashtag #DeleteCoinbase trended."

The Securities and Exchange Commission is suing former MoviePass CEO Mitch Lowe and Ted Farnsworth, the former CEO of MoviePass' parent company, Helios and Matheson Analytics (HMNY), alleging they mislead investors that the company could make a profit at its $10-a-month plan. From a report: A complaint filed late Monday, reviewed by Insider, said the duo made "false or misleading statements" in financial filings and in the press. "Faced with debilitating negative cash flows -- rather than tell the public the truth -- Farnsworth and Lowe devised fraudulent tactics to prevent MoviePass's heavy users from using the service, and falsely and misleadingly informed the public that usage had declined naturally or due to measures the company had employed to combat subscribers' purported violations of MoviePass's terms and conditions of service," the complaint said. The lawsuit also named former MoviePass Vice President Khalid Itum as a defendant. The complaint accused Itum of submitting false invoices and receiving more than $310,000 from both MoviePass and HMNY.

Corporate employees at Amazon got emails about promotions and raises. Then they got emails saying the raises weren't quite what they thought. From a report: A one-time bonus that was part of their compensation package had been miscalculated due to a software error and would be lower than what they had been told, according to an email sent on Thursday and viewed by Insider. The bonuses had initially been calculated using older, higher stock prices, according to Insider, and about 40% of promoted employees this quarter were affected by the error.

"We identified and immediately corrected an issue with some newly promoted employees' compensation communications," an Amazon spokesperson told Fortune. We are working with employees to ensure they understand their updated compensation." Compensation has been a major issue across the tech sector this year as a strong labor market heats up competition for workers. Earlier this year, Amazon announced its plan to double its maximum base salary to $350,000 to attract talent, something that workers at Google cited after the company's annual internal survey revealed their dissatisfaction with pay.

An anonymous reader quotes a report from Protocol: Google is gunning for Dolby Atmos and Dolby Vision: The company is looking to introduce two new media formats to offer HDR video and 3D audio under a new consumer-recognizable brand without the licensing fees hardware manufacturers currently have to pay Dolby. Google shared plans for the media formats, which are internally known as Project Caviar, at a closed-door event with hardware manufacturers earlier this year. In a video of the presentation that was leaked to Protocol, group product manager Roshan Baliga describes the goal of the project as building "a healthier, broader ecosystem" for premium media experiences. The company's primary focus for Project Caviar is YouTube, which does not currently support Dolby Atmos or Dolby Vision. However, Google also aims to bring other industry players on board, including device manufacturers and service providers. This makes Project Caviar one of Google's most ambitious pushes for open media formats since the company began working on royalty-free video codecs over a decade ago.

Google's open media efforts have until now primarily focused on the development of codecs. The company acquired video codec maker On2 in 2009 to open source some of its technology; it has also played a significant role in the foundation of the Alliance for Open Media, an industry consortium that is overseeing the royalty-free AV1 video codec. Project Caviar is different from those efforts in that it is not another codec. Instead, the project focuses on 3D audio and HDR video formats that make use of existing codecs but allow for more rich and immersive media playback experiences, much like Dolby Atmos and Dolby Vision do. Baliga didn't mention Dolby by name during his presentation, but he still made it abundantly clear that the company was looking to establish alternatives to the Atmos and Vision formats. "We realized that there are premium media experiences where there aren't any great royalty-free solutions," he said, adding that the licensing costs for premium HDR video and 3D audio "can hurt manufacturers and consumers."

Dolby makes most of its money through licensing fees from hardware manufacturers. The company charges TV manufacturers $2 to $3 to license Dolby Vision, according to its Cloud Media Solutions SVP Giles Baker. Dolby hasn't publicly disclosed licensing fees for Atmos; it charges consumers who want to add immersive audio to their Xbox consoles $15 per license, but the fee hardware manufacturers have to pay is said to be significantly lower. Still, in an industry that long has struggled with razor-thin margins, every extra dollar matters. That's especially true because Dolby already charges virtually all device makers a licensing fee for its legacy audio codecs. A manufacturer of streaming boxes that wholesale for $50 has to pay around $2 per unit for Dolby Vision and Dolby Digital, according to a document an industry insider shared with Protocol. "For lower-cost living room devices, the cost may be prohibitive," Baliga said during his presentation.

Sebastian Thrun, the CEO of Kitty Hawk, informed employees on Wednesday the company was laying them off, according to a news report. The company also posted the news on its LinkedIn page. From the report: Sources inside the company told Insider that Kitty Hawk had recently wound down work on its most recent flying-car project, Heaviside, and reverted to research-and-development mode with Google co-founder Larry Page more closely involved with the work. However, it appears the company couldn't see a way forward. Laid-off staff have been given four months of severance pay, an employee said. Thrun, a self-driving car pioneer and a Google veteran, founded Kitty Hawk in 2010, and Page financially propped it up. Insiders said Page remained the sole bankroller of Kitty Hawk throughout its lifetime. He became increasingly hands-off over the years, though he would involve himself in newer projects as they sprung up, including an internal initiative to make flying cars run more quietly. The company produced several prototype models of its flying cars, including Flyer, which the company shuttered in 2020. Heaviside, its most recent model, was designed to be quieter for flying in densely populated environments. In 2019 the company also spun up Wisk, a joint venture between Kitty Hawk and Boeing, which will continue.

Tom Persky, the founder of floppydisk.com who claims to be the "last man standing in the floppy disk business," said that the airline industry is one of his biggest customers. He talked about this in the new book "Floppy Disk Fever: The Curious Afterlives of a Flexible Medium" by Niek Hilkmann and Thomas Walskaar. Insider reports: "My biggest customers -- and the place where most of the money comes from -- are the industrial users," Persky said, in an interview from the book published online in Eye On Design last week. "These are people who use floppy disks as a way to get information in and out of a machine. Imagine it's 1990, and you're building a big industrial machine of one kind or another. You design it to last 50 years and you'd want to use the best technology available."

Persky added: "Take the airline industry for example. Probably half of the air fleet in the world today is more than 20 years old and still uses floppy disks in some of the avionics. That's a huge consumer." He also said that the medical sector still uses floppy disks. And then there's "hobbyists," who want to "buy ten, 20, or maybe 50 floppy disks."

Children under 12 may be losing the equivalent of one night's sleep every week due to excessive social media use, a new study suggests. Insider reports: Almost 70% of the 60 children under 12 surveyed by De Montfort University in Leicester, UK, said they used social media for four hours a day or more. Two thirds said they used social media apps in the two hours before going to bed. The study also found that 12.5% of the children surveyed were waking up in the night to check their notifications.

Psychology lecturer John Shaw, who headed up the study, said children were supposed to sleep for between nine to 11 hours a night, per NHS guidelines, but those surveyed reported sleeping an average of 8.7 hours nightly. He said: "The fear of missing out, which is driven by social media, is directly affecting their sleep. They want to know what their friends are doing, and if you're not online when something is happening, it means you're not taking part in it. "And it can be a feedback loop. If you are anxious you are more likely to be on social media, you are more anxious as a result of that. And you're looking at something, that's stimulating and delaying sleep." "TikTok had the most engagement from the children, with 90% of those surveyed saying they used the app," notes Insider. "Snapchat was used by 84%, while just over half those surveyed said they used Instagram."

Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty in a Monday hearing to one count of conspiracy to commit wire fraud in connection with an alleged insider trading scheme. Decrypt reports: "Less than two months after he was charged, Nikhil Wahi admitted in court today that he traded in crypto assets based on Coinbase's confidential business information to which he was not entitled," said Damien Williams of the U.S. Attorney's Office in New York in a statement. "For the first time ever, a defendant has admitted his guilt in an insider trading case involving the cryptocurrency markets," Williams continued. "Today's guilty plea should serve as a reminder to those who participate in the cryptocurrency markets that the Southern District of New York will continue to steadfastly police frauds of all stripes and will adapt as technology evolves."

Nikhil now awaits sentencing in December, which could mean up to 20 years in prison. He has also been ordered to give back the money earned as a result of the illicit Coinbase trading, Williams said. Back in July, the Justice Department charged Ishan, Nikhil, and their friend Sameer Ramani with wire fraud conspiracy and wire fraud as it relates to cryptocurrency insider trading. The Securities and Exchange Commission also filed charges against the trio. While he was working at Coinbase, Ishan allegedly shared his insider knowledge of upcoming Coinbase listing announcements with Nikhil and Sameer to then profit from the listings by purchasing the tokens before they went live on Coinbase. In August, Ishan pled not guilty to the DOJ's charges. Now that his brother has pleaded guilty, it's unclear how Ishan's case will proceed and whether he will continue to fight the insider trading case.

According to the DOJ's statement released Monday, Nikhil implicated his brother Ishan and admitted to receiving tips from him. Nikhil then reportedly used numerous different crypto wallets in others' names to anonymize his insider trading. Concerns of insider trading at cryptocurrency exchanges extend beyond just this case, which is considered the first of its kind and is likely to set a precedent. Three Australian finance academics have posited that up to 25% of Coinbase listings in the past four years may have involved some insider trading.

"Quiet quitting" as a catchphrase "took off on TikTok among millennials and Gen Zers," according to Business Insider. They describe it as "employees doing what their job expects of them, and not offering to do more than what they get paid to do."

The Washington Post digs deeper: Quiet quitting looks to many like a reasonable retreat from the round-the-clock hustle culture. But to others, quiet quitting represents disengaged employees sandbagging and shirking all but the minimum effort, not expecting — or not caring — that their employers might fire them for it.

But if we're going to accuse workers of quiet quitting, we should also acknowledge the phenomenon of "quiet firing," in which employers avoid providing all but the bare legal minimum, possibly with the aim of getting unwanted employees to quit. They may deny raises for years, fail to supply resources while piling on demands, give feedback designed to frustrate and confuse, or grant privileges to select workers based on vague, inconsistent performance standards. Those who don't like it are welcome to leave.
Their article even provides an example. One reader (near retirement age) says their employer required them to return to the office for at least three days a week — "but those who left the area are allowed to continue to work fully remotely."