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 [email protected]. 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.

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.