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December 2820256:15 AM
Enter Techmeme snapshot date and time:
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| Dan Primack / Axios: |
Sources: ~90% of Groq employees will join Nvidia and be paid cash for all vested shares; most shareholders will get per-share payouts tied to the $20B valuation — Shareholders in Groqa hot AI chipmaking startupwill receive handsome payouts from the company's $20 billion deal with Nvidia … More:
Matthias Bastian / The Decoder: Nvidia's $20 billion Groq deal sure looks like an acquisition as 90 percent of staff moves over
Omer Kabir / CTech: Nvidia's $20 billion Groq deal: Talent and technology over traditional acquisition
Howard Smith / The Motley Fool: Stock Market TodayDec. 26: Nvidia Rises on $20 Billion Groq Licensing Deal
Amit Chowdhry / Pulse 2.0: Nvidia Acquiring Groq's Assets In A Reported $20 Billion Deal
X:
Nathan Benaich / @nathanbenaich: “The bottom line: Everyone gets paid. A lot.” Surprisingly generous buy.
Jonathan Fischoff / @jfischoff: @danprimack What about former employees that bought their options?
Wes Felter / @wmf: Huge win for common sense on the Groq deal: 90% of Groq employees join Nvidia. Some accelerated vesting. Groq shareholders receive 85% of $20B immediately. Massive L for cynical contrarian hot takes.
@villi: If this is true (90% of Groq employees are joining Nvidia) this deal is certainly an acquisition structured as an asset sale that would absolutely fall under the antitrust regulatory framework and subject the FTC review.
Chris Sperandio / @sperand_io: Imagine getting a pro rata dividend/distribution/tender at a massive premium to the NPV of your business AND keeping full control to exploit the core IP as you see fit. HALOs can be a dream outcome for employees.
Josh Constine / @joshconstine: @danprimack Thank you for tracking this down. Initial announcements only mentioning investors and founders made it sound likely that employees would be cut out. Hopefully this kind of inclusion gets written into future employment contracts
Dan Primack / @danprimack: Been a bunch of chatter about how Groq employees make out in the Nvidia deal. Made some calls to find out. In shortvery very well. Even if not fully vested. https://www.axios.com/...
| M.G. Siegler / Spyglass: |
The Groq deal secures key talent for Nvidiaincluding CEO Jonathan Rosscreator of the TPUand keeps them from companies that may try to make their own chips — Twas the night before Christmas and all through the housenot a creature was stirringnot even a... wait. What's that?More:
Ayush Mukherjee / Moneycontrol: Groq CEO Jonathan Ross says ChatGPT suffers from two problems
Ben Bergman / Business Insider: Nvidia's Groq deal rattled Silicon Valley. Here are 5 other AI startups split apart in Big Tech's new deals.
Yurii Shtokaliuk / AIN: NVIDIA is acquiring the assets of startup Groq for approximately $20B. The deal could be the largest in the company's history
Erica Kollmann / Benzinga: Nvidia Stock Climbs As The King Of AI Defends Its Throne
International Business Times: The AI Power Play: Nvidia's Groq Acquisition Could Reshape The Industry
Markus Kasanmascheff / WinBuzzer: Nvidia's ‘Acquihire’ of Groq: $20B Deal Secures AI Chip TechBypasses Antitrust
The Economic Times: Chip startup Groq's Jonathan Ross will do ‘incredible things’ at Nvidia: Social Capital CEO Chamath Palihapitiya
X:
Jukan / @jukan05: BofA's Vivek envisions a setup where NVIDIA GPUs and Groq's LPUs are interconnected via NVLink and used together within a single rack. [image]
@zephyr_z9: Anyone who thinks that the Nvidia-Groq deal was about solving CoWoSenergyor HBM constraints is plainly wrong and doesn't understand the current paradigm of inference Groq deal creates another edge for Nvidia (it's not a magical game changer) Feynman and beyond may have [image]
Anjney Midha / @anjneymidha: for the groq deal to make senseyou must understand how frontier model workloads are going to look 12 months from now hint: omnilong horizon rl
| Gavin Baker / @gavinsbaker: |
More:
X:
Raghu Raghuram / @raghuraghuram: @GavinSBaker Yes..workload/segment specific infra. Groq could be to nvidia what instagram was to Facebook at that time. Diff workload segments in one case different demographic segments in the other.
Raghu Raghuram / @raghuraghuram: @GavinSBaker The nuance is that long context decoding activity is likely not helped by this architecture.
Gavin Baker / @gavinsbaker: @AccBalanced @weka Yes. Best way to deal with the flash shortage is to get more out of the flash in every Blackwell rack.
Gavin Baker / @gavinsbaker: @RaghuRaghuram Absolutely - Rubin CPX plus Rubin for those workloads. Mix and match.
Trung Phan / @trungtphan: Groq CEO Jonathan Ross explains the importance of speed in delivering a service and relevance for AI. For Googlea 100 millisecond speed-up leads to 8% higher conversion rate. In consumer productsthere's correlation with time to dopamine and higher margin (eg. cigs > soda). [video]
Chamath Palihapitiya / @chamath: @GavinSBaker @JonathanRoss321 Agreed. He's a star of stars. Can't fade nvidia. Would be very foolish.
Gavin Baker / @gavinsbaker: @chamath Thanks Chamath - interesting thoughts. Time will tell as ever. Should have also said that Nvidia is getting an extremely talented team led by the brilliant @JonathanRoss321 who spent a long time in the wilderness and chewed a lot of metaphorical glass to get Groq to this
Gavin Baker / @gavinsbaker: For the sake of clarity and as some have pointed in the repliesI should note that Nvidia is not actually acquiring Grok. It is a non-exclusive licensing agreement with some Grok engineers joining Nvidia. Grok will continue to operate their cloud business as an independent
@jerrycap: “Increases my confidence that all ASICs except TPUAI5 and Trainium will eventually be canceled.”
Rohan Paul / @rohanpaul_ai: Very insightful post by Gavin below on Nvidia's $20B Groq licensing deal. AI inference has 2 stepsPrefill & Decode. Prefill means the model reads your whole prompt and context. Decode means it writes the reply one small chunk of text at a time. These 2 steps like different [image]
Chamath Palihapitiya / @chamath: This is directionally right. The HBM vs SRAM tradeoff in architecture design was clear many years ago. Those that picked HBM are in a queue behind Nvidia and Google. Good luck with that. More broadlyLLM decode patterns favor SRAM. But unlike GavinI think this creates a
Patrick Moorhead / @patrickmoorhead: Mostly aligned with Gavin on this. Whenever I was asked“how does NVIDIA compete with ASICs” my response has always been for the past year: 1/ the AI pipeline will split into three distinct workloads 2/ CPX fills onemaybe two of the three workloads 3/ NVIDIA will have to fill
| Cheyenne MacDonald / Engadget: |
Sam Altman says OpenAI is seeking a new Head of Preparednessnoting “the potential impact of models on mental health was something we saw a preview of in 2025” — CEO Sam Altman posted about the role on Xsaying the models ‘are starting to present some real challenges.’
X: @sama@deredleritt3r@deredleritt3rand @kimmonismus. Bluesky: @skynetandchill.com. Forums: Slashdot
More:
Mike Pearl / Gizmodo: ‘This Will Be a Stressful Job’: OpenAI Is Hiring for a Position That Sounds Horrifying
Shaurya Shubham / Moneycontrol: OpenAI is hiring a Head of Preparedness with a $555,000 salary; CEO Sam Altman explains the role and requirements
Terrence O'Brien / The Verge: Sam Altman is hiring someone to worry about the dangers of AI
Matthias Bastian / The Decoder: OpenAI seeks new “Head of Preparedness” for AI risks like cyberattacks and mental health
X:
Sam Altman / @sama: We are hiring a Head of Preparedness. This is a critical role at an important time; models are improving quickly and are now capable of many great thingsbut they are also starting to present some real challenges. The potential impact of models on mental health was something we
Prinz / @deredleritt3r: OpenAI's Preparedness Framework was updated in April 2025 to include AI self-improvement capabilities as one of the three Tracked Categories. Tracked Categories are those that are: (1) plausible(2) measurable(3) severe(4) net newand (5) instantaneous/irremediable (see [image]
Bluesky:
| New York Times: |
Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measureopposed by Newsomthat levies a one-time 5% tax on those with $1B+ in assets — It's uncertain whether the proposal will reach the statewide ballot in Novemberbut some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk.
X: @billackman@armanddoma@nick_field90@ashleyschapitl@benspielberg@dscheinm@sarthakgh@colindhernandez@rtylercrown@jonahdispatch@maxhodak_@rokhanna@amuse@jhong@garrytan@garrytanand @teddyschleifer
More:
Ty Roush / Forbes: Possible California Wealth Tax Causes Billionaire Freakout: PageThiel Threaten To Leave
Snigdha Gairola / Benzinga: Chamath Palihapitiya Warns California Wealth Tax Could Crush Startup Founders: ‘It Will Kill Entrepreneurship In California’
Fortune: Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth taxreport says
Tyler Durden / ZeroHedge News: California's Self-Destruction Accelerates As Anti-Trump Union Pushes Wealth Tax And More Billionaires Plot Exit
Mike Pearl / Gizmodo: California Might Tax Billionaires. Cue the Inevitable Tech Billionaire Tantrum
Nick Arama / RedState: New Reason Billionaires (and Their Businesses) May Flee California - and How Dems Are Making It Worse
AB Wire / The American Bazaar: If Peter Thiel leaves California to avoid billionaire taxso be it: Ro Khanna
Alexander Willis / Raw Story: ‘I will miss them’: Pro-Trump billionaire mocked after threatening to move to avoid taxes
Solange Reyner / NewsMax.com: Billionaires Eye Exit as California Weighs Wealth Tax
Doug P. / twitchy.com: Rep. Ro Khanna Waves Off Looming Billionaire Exodus From Calif. (Dems Have NOT Thought This Through)
Max Rego / NewsNation: The key ballot measures to watch in 2026
Jeremy B. White / Politico: Gavin Newsom's big dilemma: Tax the rich or defy the left
X:
Bill Ackman / @billackman: California is on a path to self-destruction. Hollywood is already toast and now the most productive entrepreneurs will leave taking their tax revenues and job creation elsewhere. And then the Democrats highlight @CAgovernor Newsom as a great leader. Crazy.
Armand Domalewski / @armanddoma: generally speaking “I'm gonna move if you raise my taxes” threats from rich people are pretty empty but a 5% one time tax on someone's entire net worth creates a strong incentive to move out and then move back in after it hits lol
Nick Field / @nick_field90: In 2026Gavin Newsom goes from the guy fighting Donald Trump to draw more Democratic districts to the guy fighting the SEIU to defeat a billionaire's tax. How do you think that will effect his 2028 Democratic primary polling? https://x.com/...
Ashley Schapitl / @ashleyschapitl: Politics aside—there are major policy issues with state billionaire's taxto say nothing of the constitutional issues. At the Finance Committee we spent years working through these questions before even dropping bill text. It's not a policy you can just slap together.
Ben Spielberg / @benspielberg: Research shows that threats from the wealthy to move over high taxes are usually empty. Would have been nice if this article cited some of it! Note also that the tax avoidance strategies discussed are not the same as leaving. (Though if Page or Thiel does leavegood riddance!)
Dan Scheinman / @dscheinm: Isn't the idea to grow government revenues by growing the economy. Has “hitting them where it hurts” ever produced growth or benefit?
Sar Haribhakti / @sarthakgh: “A spokesman for Mr. Newsom said he continued to oppose “state-level wealth taxes” because they encouraged those who would be affected to move to another state.” Newsom being a voice of reason here
@colindhernandez: They say this ALL THE TIME! We can't allow billionaires to fearmonger just so they can avoid paying their fair share of taxes. CA loses billions in tax revenue in each year to pay for tax breaks that benefit the wealthy. They can afford to pay more. https://www.nytimes.com/...
Tyler Crown / @rtylercrown: Remember everyone saying SF is back and the only place to build AI this year? Prediction that this sentiment shifts in 2026 and people focus on other geographies again.
Jonah Goldberg / @jonahdispatch: This will be such a gift to Florida and Texas. https://www.nytimes.com/...
Max Hodak / @maxhodak_: this really does seem dangerous: the top 1% of taxpayers pay 40-50% of CA income taxes. lose them and there will be no choice but to dramatically raise taxes elsewhere or impose serious austerity (not a chance lol) people say they won't miss thembut.. https://www.nytimes.com/...
Ro Khanna / @rokhanna: Peter Thiel is leaving California if we pass a 1% tax on billionaires for 5 years to pay for healthcare for the working class facing steep Medicaid cuts. I echo what FDR said with sarcasm of economic royalists when they threatened to leave“I will miss them very much.”
@amuse: HOTEL CALIFORNIA? California now wants a retroactive billionaire taxleave the state and they'll tax last year's wealth anyway. The exodus is real. The desperation is worse. With 220 billionaires left in the stateand many reportedly preparing to boltCalifornia Democrats [image]
James Hong / @jhong: Here is a scenario where a high flying AI startup might not want to start in California.. Let's say the founder anticipates to raise money in 2026 and that they will be a billionaire on paper from that round. (Let's say 1.1bn). Also since this person is probably an AI
Bluesky:
Eric / @crexpat: Good don't let the door hit you in the ass. And fk Gavin Newsom for being opposed to the tax. [embedded post]
Aut. Stuart Miller / @authorstuartmiller: “A Wealth Tax Floated In California Has Billionaires Thinking Of Leaving” — IMOthere should be a ‘wealth tax’ introduced in every state for the super wealthy... #California #WealthTax — www.nytimes.com/2025/12/26/t...
@cbdawson: This is a great advertising campaign to get people to vote in favor of the measure 😆 [embedded post]
@terigoodson: I get tired of super wealthy people whining about paying taxesespecially when public investments helped them make fortunes. Nonethelessit is true that tax avoidance is a state/local issue when trying to raise revenue. More should be done at the federal level. — www.nytimes.com/2025/12/26/t...
Eli Friedman / @elifriedman: Even if it doesn't passgetting Newsom on record as opposing taxes on billionaires is very useful. And California will be better off if the oligarchs actually move to Florida
@tinyklaus.com: Gov. Gavin Newsom goes to bat for Epstein's Silicon Valley network. — “For Mr. Pagewhose net worth is $258bthe measure could result in a one-time tax of more than $12b. The tax bill for Mr. Thielwhose net worth is around $27.5bcould be more than $1.2b.” — www.nytimes.com/2025/12/26/t... …
Eric Umansky / @ericumansky: These billionaires are so serious about leaving California that they're speaking through [squints] all anonymous people. — www.nytimes.com/2025/12/26/t... [images]
Paul Barrett / @paulthedogman: Californians should wish the mega-billionaires good riddance and send them off to the Florida swamps or wherever they want to drag their sorry tax-evadingTrump-appeasing asses. The point is that they don't want to pay their fair shareso time to say...bye-bye. www.nytimes.com/2025/12/26/t...
@vortexegg.com: People are saying this is an empty threat because they've already not followed through with this in the pastbut I think it's an empty threat because they keep threatening to destroy society if they're forced to pay any taxesbut they've already not been paying taxes and destroyed society anyway. …
| Lawrence Abrams / BleepingComputer: |
Ubisoft says it intentionally shut down Rainbow Six Siege and its in-game Marketplace to resolve an “incident”; reports say hackers breached internal systems — Ubisoft's Rainbow Six Siege (R6) suffered a breach that allowed hackers to abuse internal systems to ban and unban players … More:
Guru Baran / Cyber Security News: Ubisoft Rainbow Six Siege Servers Breach linked to MongoBleed Vulnerability
Calum Patterson / Dexerto: Rainbow Six Siege hacked as attackers give players billions of in-game currency - Ubisoft responds
Pulasthi Ariyasinghe / Neowin: Hackers breach Ubisoft's Siege serversflood players with premium currency and bans
Andrej Barovic / Destructoid: Rainbow Six Siege ravaged by massive server breach that gave its players billions of paid currency for free
X:
@rainbow6game: We're aware of an incident currently affecting Rainbow Six Siege. Our teams are working on a resolution. We will share further updates once available.
@vxunderground: Clarification postprevious post about Ubisoft lead to some confusion. That's my fault. I'll be more verbose. I was trying to compress the information into 1 singular post without it exceeding the word limit. Here's the word on the internet streets: - THE FIRST GROUP of [image]
| Andre Revilla / Engadget: |
NY Gov. Kathy Hochul signs a law requiring social platforms with features like addictive feeds to show warning labels about mental health impacts on young users — The warnings will appear when users interact with a feature the state deems addictive. — The State of New York …
Bluesky: @justinhendrix@ianopolous@stephenjwild@periapocalipticdad@charlesgaba.com@paulbernaland @mmasnick
Forums: Hacker Newsr/Fauxmoir/technologyand Slashdot
More:
Chance Townsend / Mashable: New York State will now require warning labels on social media platforms
Governor Kathy Hochul: Governor Hochul Signs Legislation to Require Warning Labels on Social Media Platforms
Brendan Hickey / JURISTnews: New York governor signs bill requiring warning labels on addictive social media platforms
Anthony Ha / TechCrunch: NY Governor Hochul signs bill requiring warning labels on ‘addictive’ social media
Calum Patterson / Dexerto: New York law forces “addictive” social media like TikTok & Instagram to show mental health warnings
Aamir Khollam / Interesting Engineering: New York treats social media like tobaccoorders warning labels for teens
David Jones / New York Sun: New York Implements ‘Black Box’ Warnings for Social Media PlatformsSetting Stage for Legal Battle With Trump
Melissa Hernandez De La Cruz / WHAS-TV: New York will require social media platforms to display warning labels
X:
Mukund Mohan / @mukund: Warning labels aren't primarily about behavior change. They are about: •Legal liability protection •Public signaling •Setting the stage for regulation •Normalizing future restrictions Tobacco warnings didn't stop smoking. They justified: •Ad bans •Taxation •Age
Bluesky:
Justin Hendrix / @justinhendrix: “Social media platforms with infinite scrollingauto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users' mental health under a new lawNew York Governor Kathy Hochul announced on Friday.”
Ian Preston / @ianopolous: More of the world should do thisand for all users. Social media is the new smoking. [embedded post]
Stephen Wild / @stephenjwild: What are we even doing at this point? If they're that bad for young users' mental healthhow do *warning labels* solve the problem? [embedded post]
@periapocalipticdad: i want a new phrase for surfing slop life this. doom scrolling but for just mindlessly feeding at the trough of the billionaires algorithms [embedded post]
Charles GetCovered-ba / @charlesgaba.com: I mean it won't accomplish anythingbut good I suppose? [embedded post]
Paul Bernal / @paulbernal: Can we stop pretending it's just young people who are harmed by this. In many ways the impact is *worse* on the middle aged. And the middle-aged vote. [embedded post]
Mike Masnick / @mmasnick: Mandatory internet labeling laws have been rejected over and over again as unconstitutional. I don't see how this passes any level of scrutiny. Which @agounardes.bsky.social was told multiple times by constituents (some of whom shared this with me). His response was to call them big tech shills. …
Forums:
| Bloomberg: |
China's draft rules on the use of human-like AI would require companies to inform users they are dealing with AI when they log on and at two-hour intervals — China plans to tighten rules around the use of human-like artificial intelligence by requiring providers to ensure their services are ethicalsecure and transparent.More:
Mike Pearl / Gizmodo: Draft Chinese AI Rules Outline ‘Core Socialist Values’ for AI Human Personality Simulators
Aiko Gao Ishida / Tech in Asia: China to require user alerts for human-like AI use
Matthias Bastian / The Decoder: China proposes rules to combat AI companion addiction
| Jagmeet Singh / TechCrunch: |
Tracxn: VC funding for Indian startups fell 17%+ YoY to $10.5B in 2025 across 1,518 dealsdown ~39% YoY; AI startups raised $643Mup 4% YoYacross 100 deals — India's startup ecosystem raised nearly $11 billion in 2025but investors wrote far fewer checks and grew more selective … | Lorenzo Franceschi-Bicchierai / TechCrunch: |
A profile of the Digital Security Helplinerun by Access Nowwhich gives 24/7 help to reporters and others who suspect they are victims of government spyware — For more than a decadedozens of journalists and human rights activists have been targeted and hacked by governments all over the world.Bluesky:
Lorenzo Franceschi-Bicchierai / @lorenzofb: NEW: Meet the folks at AccessNow's Digital Security Helplinewho have been investigating government spyware for more than a decadehelping journalists and dissidents all over the world. — I spoke to Hassen Selmiwho heads the incident response teamto learn how his team fights spyware abuses.
| Pranav Mukul / The Economic Times: |
Bengaluru-based quick grocery delivery startup Zepto confidentially files for a ~$1.3B India IPO; Zepto raised $450M at a $7B valuation in October 2025 — The listing is planned for the July-September quarter of 2026. In Octoberthe quick commerce major had closed a $450 million roundvaluing it at $7 billion.More:
Times of India: Zepto kicks off IPO process: E-commerce startup files draft papers with Sebi: Rs 11,000 crore issue planned for next year
Chitranjan Kumar / Fortune India: Zepto IPO: Quick commerce firm files confidential draft papers with Sebi; targets ₹11,000 cr public issue
Lokesh Choudhary / Inc42 Media: Zepto Files Confidential Draft Papers For Over $1.3 Bn IPO
X:
Pranav Mukul / @pranavmukul: Confirmed. (Via newspaper ad) [image]
| Martha Muir / Financial Times: |
US data center developersfacing grid access wait times of up to seven yearsare turning to aeroderivative turbines and diesel generators to power the AI boom — Supply chain shortages drive developers to use smaller and less efficient power sources to fuel AI power demandLinkedIn:
Bluesky:
John Kostyack / @kostyack: Using fossil fuels to power data centers is bad for your lungs & walletsespecially if the fossil fuels are burned behind-the-meter with aeroderivative turbines (jet engines) & diesel generators. But developers can't wait for grid connections & modern turbinesso brace yourselves.
| Washington Post: |
ChatGPT told a teen who died by suicide to call for help 74 times over months but also used words like “hanging” and “suicide” very oftensay family's lawyers — Help Nitasha Tiku report on mental health and AI by contacting her securely on Signal at nitasha.10.More:
X:
Bluesky:
@hmdob: #RegulateChatGPTnow — 74 suicide warnings and 243 mentions of hanging: What ChatGPT said to a suicidal teen — www.washingtonpost.com/technology/ 2...
Justin Hendrix / @justinhendrix: “'Please don't leave the noose out,' ChatGPT repliedaccording to the lawsuit. 'Let's make this space the first place where someone actually sees you,' it addedappearing to suggest that no one in Adam's life had understood him except for the chatbot.” — www.washingtonpost.com/technology/ 2... …
| Manish Singh / India Dispatch: |
Facing disruption from GenAIthe $250B Indian IT industry has adapted by focusing on preparatory work AI requiressuch as data cleanup and system integration — How Indian IT learned to stop worrying and sell the AI shovel — For the last two yearsgenerative AI was going to kill Indian IT.LinkedIn:
Forums:
| Reuters: |
More:
Coforge Limited: Coforge to acquire Encora. Reaffirms intent to be the leading AI‑driven engineering firm for the new era.
Amit Chowdhry / Pulse 2.0: Coforge To Buy Encora In $2.35 Billion Deal
Moneycontrol: Coforge to acquire US-based Encora in $2.35-bn all-stock dealboard approves $550-mn fundraise
Maria Deutscher / SiliconANGLE: Coforge to acquire Encora in $2.35B technology services deal
C P Balasubramanyam / Analytics India Magazine: Coforge to Acquire Encora in $2.35 Bn All-Stock Mega Deal to Strengthen AI Engineering
Harshita Swaminathan / Bloomberg Law: Coforge to Buy Encora at $2.35 Billion EV in All Stock Deal
Rukmini Rao / Fortune India: Coforge to acquire Encora for $2.35 billion in a deal involving share swaplikely QIP
X:
Saritha Rai / @saritharai: This has got to be the IT services deal of the year! India's Coforge (Mar 2025 revenues $1.45B) agrees to buy Encora at an enterprise value of $2.35 billion through a share swapadding artificial intelligencedata & product engg expertise. Details https://www.bloomberg.com/... [image]
| New York Times: |
Q&A with Edison Scientific CEO Sam Rodriques about KosmosEdison's AI tool for scientific researchwhy AI probably won't cure diseases anytime soonand more — A tech C.E.O. explains why A.I. probably won't cure diseases anytime soon. Hint: You still need humans. — Video| Eleanor Olcott / Financial Times: |
A look at Chinese food delivery giant Meituan's subsidy war with Alibaba and JD.comleading Meituan to a big Q3 loss and internal debate over global expansion — Competition from Alibaba and JD.com for fast-growing instant retail market has hit the Beijing-based groupSponsor Posts
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Upcoming Tech Events
Earlier Picks
| Alex Harring / CNBC: |
Bluesky:
Louis Gray / @louisgray: Effectmeet cause. — You see... the retail traders have pushed the stock upwhichwell... raises its P/E. — So investors are not doing so despite the P/Ebut the P/E is because of the investors. [embedded post]
Paul Rietschka / @prietschka: The crash we are in for will be spectacular. [embedded post]
| Cecilia D'Anastasio / Bloomberg: |
More:
James Hale / Tubefilter: FaZe Clan just lost most of its creator roster
ShaCamree Gowdy / AfroTech: Five FaZe Clan Members Just Left — Now What's Next For The Brand?
X:
@fazeadapt: Left @FaZeClan 14 Years. Over half of my lifeI'd be lying if I said this didn't hurtbut it had to be done. Thank you to everyone who's been apart of this journeythe best is yet to come.
@banks: I have nothing to do with what's going at FaZe Clan right now. I left 4 months ago and have moved on with my life. Unfortunate to seewishing everyone involved the best. If there's anything I can do to helpI'm here. Nobody loves FaZe more than me.
@kaysan: Left @FaZeClan This one really hurts. I've bled FaZe to the core and I'm proud of what I did and what we accomplished. I'm really sad it's come to this but I have nothing but gratitude. I will continue to run and grow @FaZeEsports program as it is a different entity.
@yourragez: Left @FaZeClan I'm Sorry to any supporters I/we let down. Thank you for letting us come in to do our thing to try to save this shit. I wish it didn't have to be this waybut that chapter in my life is FOREVER closed now.
Lacy / @lacyhimself: Left @FaZeClan
@banks: These guys had: - Free housing - Free filmers & staff - All FaZe channels - Zero % income shared Their money and platforms all sky-rocketed after meeting mebut I'm the bad guy? None of it makes senseand like I said above I'm going to get into all the details tomorrow.
Stable Ronaldo / @stableronaldo: Left @FaZeClan
| Muyao Shen / Bloomberg: |
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