Tag: ‘resigns
: Citing ‘woke culture,’ Chemours director resigns over abortion benefits for employees
Geohot resigns from Twitter
George Hotz, known for being the first person to carrier-unlock an iPhone and jailbreaking the PS3, both under his hacker alias “geohot,” has resigned from his Twitter internship, he announced Tuesday evening on Twitter.
“Appreciate the opportunity, but didn’t think there was any real impact I could make there,” he wrote. He also said it was “sad” to see his GitHub “withering.”
Resigned from Twitter today.
Appreciate the opportunity, but didn’t think there was any real impact I could make there. Besides, it was sad to see my GitHub withering. Back to coding! pic.twitter.com/Jbs9LxNB2K
— George Hotz (@realGeorgeHotz) December 20, 2022
Hotz offered to join Twitter on November 16th after voicing support for CEO Elon Musk’s proclamation…
John Carmack resigns consulting post at Meta
John Carmack Resigns Meta VR Post, Leaves VR Industry, Criticizes Meta’s ‘Inefficiency’
“This is the end of my decade in VR,” Carmack wrote in an internal post (which he later reposted on Facebook).
“I have mixed feelings.”
Quest 2 [Meta’s VR headset] is almost exactly what I wanted to see from the beginning — mobile hardware, inside out tracking, optional PC streaming, 4k (ish) screen, cost effective. Despite all the complaints I have about our software, millions of people are still getting value out of it. We have a good product. It is successful, and successful products make the world a better place. It all could have happened a bit faster and been going better if different decisions had been made, but we built something pretty close to The Right Thing.
The issue is our efficiency…. We have a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort….
It has been a struggle for me. I have a voice at the highest levels here, so it feels like I should be able to move things, but I’m evidently not persuasive enough. A good fraction of the things I complain about eventually turn my way after a year or two passes and evidence piles up, but I have never been able to kill stupid things before they cause damage, or set a direction and have a team actually stick to it. I think my influence at the margins has been positive, but it has never been a prime mover.
This was admittedly self-inflicted — I could have moved to Menlo Park after the Oculus acquisition and tried to wage battles with generations of leadership, but I was busy programming, and I assumed I would hate it, be bad at it, and probably lose anyway.
Enough complaining. I wearied of the fight and have my own startup to run, but the fight is still winnable! VR can bring value to most of the people in the world, and no company is better positioned to do it than Meta. Maybe it actually is possible to get there by just plowing ahead with current practices, but there is plenty of room for improvement.
Make better decisions and fill your products with “Give a Damn”!
Read more of this story at Slashdot.
Police watchdog chief resigns over investigation into ‘historical allegation’
Police watchdog head Michael Lockwood resigns amid investigation
Astra star hire Benjamin Lyon resigns, management team restructured
Space company Astra’s management team is undergoing another shake-up. The company said Friday that chief engineer Benjamin Lyon has resigned after just short of two years in the role. Rather than seek a replacement for that position, Astra promoted four key staff to management positions that will now directly report to CEO Chris Kemp and […]
Astra star hire Benjamin Lyon resigns, management team restructured by Aria Alamalhodaei originally published on TechCrunch
FTX files for Chapter 11 bankruptcy as CEO Sam Bankman-Fried resigns
Crypto’s no-good, very bad 2022 got even worse as FTX (along with its international platform, the independent FTX.us exchange, and Alameda Research), previously the world’s third-largest crypto exchange by volume, couldn’t come up with the money to satisfy customers’ withdrawal requests and then suffered an aborted acquisition attempt by a competitor.
Now, the company is filing for Chapter 11 bankruptcy in the United States while announcing that founder and CEO Sam Bankman-Fried has resigned from his post. Seamus Hughes pointed out that the bankruptcy filing itself is now available (pdf), and it lists a total of 134 corporate entities included in today’s announcement, as well as the proposed appointment of crypto investor Stephen Neal…
Crypto exchange FTX files for bankruptcy as its CEO resigns
Twitter isn’t the only notable tech company to bandy around the word “bankruptcy” this week. After a stunningly rapid collapse, crypto exchange FTX has filed for Chapter 11 bankruptcy protection, while founder Sam Bankman-Fried has resigned as CEO.
The bankruptcy filing covers FTX Trading, FTX US, Alameda Research and around 130 other companies under the umbrella of the FTX Group, according to a press release. Some others, such as FTX Australia and FTX Express Pay, are not involved in the bankruptcy proceedings. Filing for Chapter 11 bankruptcy doesn’t necessarily mean that a company is dead in the water — it allows a business to keep trading while it figures out a plan to pay back creditors. However, it’s a tough position to come back from.
Press Release pic.twitter.com/rgxq3QSBqm
— FTX (@FTX_Official) November 11, 2022
“The immediate relief of Chapter 11 is to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders,” new CEO John J. Ray III (a former Enron chairman who came in to oversee that company’s liquidation) said in a statement. “The FTX Group has valuable assets that can only be administered in an organized, joint process. I want to [assure] every employee, customer, creditor, contract party, stockholder, investor, governmental authority and other stakeholder that we are going to conduct this effort with diligence, thoroughness and transparency.” Ray suggested that stakeholders should remain patient, noting that “events have been fast-moving and the new team is engaged only recently.”
The company swiftly found itself in dire straits after the price of its native FTT token nosedived and many users withdrew their cryptocurrency. Following reports that FTX was facing a liquidity crisis, Changpeng Zhao, the CEO of rival crypto giant Binance, said his company would sell off around $529 million worth of FTT. That all but wiped out the token’s value.
Binance then agreed to bail out FTX by taking over the company. However, it backed out of the deal a day later, citing concerns that emerged while conducting due diligence. Bankman-Fried went on to apologize for the mess and said on Thursday he was doing everything he could to raise funds and do “right by users.” He stepped down just a day later.
“This doesn’t necessarily have to mean the end for the companies or their ability to provide value and funds to their customers chiefly, and can be consistent with other routes,” Bankman-Fried wrote on Twitter after the bankruptcy filing. “I’m going to work on giving clarity on where things are in terms of user recovery ASAP.” Bankman-Fried added that he will soon publish a more complete, play-by-play account of what happened to FTX.
Meanwhile, reports have suggested that the Department of Justice and Securities and Exchange Commission are investigating FTX. It’s not clear when the DOJ started looking into the company’s dealings, but the SEC’s investigation has reportedly been ongoing for several months.