A Verified Mess: Turmoil from Twitter to FTX

This week, we go inside Elon Musk’s “dire” warnings, FTX’s spectacular collapse and Meta’s big layoffs. Has the tech industry lost its mind? “Hard Fork” listeners: We want to hear your questions about the tech industry. Send them to hardfork@nytimes.com . Also, check us out on TikTok: @ hardforkpod Additional Resources: Elon Musk told Twitter employees the company faced a bleak financial picture in a meeting with staff on Thursday and in his first companywide emails. The world’s largest crypto exchange, Binance, said it had reached a deal to buy its competitor FTX , which was on the verge of collapse. The news about FTX had left crypto investors scrambling . Is the collapse of FTX crypto’s Lehman Brothers moment ? Meta announced layoffs of 11,000 employees , accounting for about 13 percent of its work force. Subscribe today at nytimes.com/podcasts or on Apple Podcasts, Spotify and Amazon Music. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher . For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.