What is going on with the Binance and FTX deal?

<p>This episode is also available on YouTube - https://youtu.be/iX53hzW7rqc</p> <p>Today on the Techpoint Africa Podcast, our reporters discuss and share insights on some of the trending stories in the African tech space.</p> <p>The stories:</p> <ul> <li>Jumia aiming for more profits</li> <li>Meta to layoff 11,000 staff</li> <li>Binance-FTX brouhaha</li> <li>Twitter drama</li> </ul> <p>To advertise or promote your brand, <a href="https:/techpoint.africa/advertise">visit this link</a> or send an email to business@techpoint.africa</p> <p>Explore the <a href="fintech.techpoint.africa">fintech in everything at The Fintech Summit 2022</a></p> <p><strong>Timestamps</strong></p> <p>00:00 - Intro</p> <p>02:10 - Jumia's CEOs step down</p> <p>11:07 - Meta lays off 11,000 employees</p> <p>24:23 - Binance and FTX</p> <p>43:12 - The government of an Elon Musk-run Twitter</p> <p><strong>Useful links</strong></p> <ul> <li>Jumia&rsquo;s <a href="https://techpoint.africa/2022/11/09/techpoint-digest-451#:~:text=for%20iOS%20devices.-,Jumia%E2%80%99s%20founders%20step%20down,-Sacha%20Poignonnec%20and">founders step down</a>&nbsp;</li> <li>Meta to <a href="https://techpoint.africa/2022/11/10/techpoint-digest-452#:~:text=the%20diaspora%20market.%E2%80%9D-,Meta%20to%20lay%20off%2011%2C000%20employees,-On%20Monday%2C%20I">lay off 11,000 employees</a>&nbsp;</li> <li>Binance <a href="https://techpoint.africa/2022/11/09/techpoint-digest-451">agrees to acquire FTX</a></li> <li>Binance backs out of FTX rescue, <a href="%20https:/www.cnbc.com/2022/11/09/binance-backs-out-of-ftx-rescue-leaving-the-crypto-exchange-on-the-brink-of-collapse.html">leaving the crypto exchange on the brink of collapse</a></li> <li>Twitter recalls some staff; <a href="https://www.hrreporter.com/focus-areas/employment-law/twitter-recalls-some-staff-former-ceo-apologizes-for-layoffs/371275#:~:text=Shortly%20after%20Elon%20Musk's%20Twitter,people%20familiar%20with%20the%20development">former CEO apologizes for layoffs</a></li> <li>Drama Unfolding