After becoming the first company to lose US$1 trillion in market value (yes, ever), Amazon is taking a long, hard look at its business, because something ain’t right.

Elon Musk held his first meeting as the company's CEO, fielding questions from staffers and dropping several off-side comments, like saying “there’s a good chance” Twitter will not survive the economic downturn.

• After scrambling to drum up money to fix a cash shortfall of US$8 billion, FTX filed for what will be the biggest US bankruptcy this year.

Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.