Techmeme
December 14, 2022, 2:00 PM

Top News

Jody Serrano / Gizmodo:
Twitter permanently suspends @ElonJet, a bot that tracked Elon Musk's jet, after its creator said Twitter shadowbanned it; Musk said he would not ban the bot  —  Days after @ElonJet accused Twitter of shadowbanning, it's been suspended.  Musk had said he wouldn't ban the account even though it was a “safety” risk for him.
Jack Dorsey / Revue:
Reacting to the “Twitter Files”, Jack Dorsey says attacking Twitter staff is dangerous, calls for an open social media protocol, and commits $1M/year to Signal  —  By subscribing, you agree with Revue's Terms of Service and Privacy Policy and understand that jack's will receive your email address.
Platformer:
Sources: Twitter is considering forcing all users to opt in to personalized ads and share their location data but may let Blue users opt out of personalized ads  —  Agree to personalize your ads — or else  —  A month ago, when Elon Musk's Twitter first set out to revamp the Twitter Blue subscription …
New York Times:
Sources: Twitter stopped paying rent on offices and is considering not paying severance packages to cut costs, as its top lawyer Alex Spiro leaves the company  —  Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.
Matt Levine / Bloomberg:
SBF's “carelessness” fraud defense, after misrepresenting risk management and funneling customer money to Alameda, is a confession the SEC sees straight through  —  Oh Sam  —  I.  —  Here is how you run a futures exchange:  — You offer some bets on some propositions, say, whether Bitcoin will go up or down.
Financial Times:
Sources: Arm concludes Alibaba and other Chinese companies can't buy its high-performance Neoverse V chip tech as the US and the UK would not approve its export  —  Alibaba among groups unable to purchase top designs  —  Alibaba, the Chinese tech giant, cannot buy some of the most advanced chip designs …
Financial Times:
Jay Peters / The Verge:
Tesla rolls out an update, adding support for Steam on 2022 Model S and Model X vehicles or newer with 16GB of RAM, Apple Music, upgraded Light Show, and more  —  Tesla's new “Holiday Update” adds a few long-awaited new features, including the ability to play games from Steam in your car and support for Apple Music.
Meghan Bobrowsky / Wall Street Journal:
As Tesla's stock drops ~60% in 2022, on pace for its worst year on record, investors criticize Elon Musk's involvement in Twitter and his lack of focus on Tesla  —  Supporters of Tesla and Musk are asking questions about who is running the electric-vehicle maker
Kat Tenbarge / NBC News:
The SEC charges eight influencers with securities fraud, allegedly using Twitter and Discord to manipulate stocks since at least January 2020 in a ~$100M scheme  —  The Securities and Exchange Commission has charged eight influencers with securities fraud, the agency said Wednesday.
Bloomberg:
Memo: Changpeng Zhao warns Binance staff to expect a “bumpy” several months but that the exchange “will survive any crypto winter”, after huge user withdrawals  —  Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead …
Igor Bonifacic / Engadget:
Twitter plans to shut down newsletter platform Revue on January 12, 2023 and delete all data, after acquiring the company in January 2021  —  One day after Jack Dorsey took to Revue to share his thoughts on the Twitter Files, the company announced it would shut down the newsletter platform early next year.
Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.
Wall Street Journal:
Tether plans to stop secured loans issued and denominated in its tether stablecoin at some point in 2023, after WSJ reported on the potentially risky practice  —  The rapid growth of Tether's lending program raised concerns about its ability to meet redemptions in a crisis  —  Created with sketchtool.
Bill Allison / Bloomberg:
The DOJ charges SBF with violating campaign finance laws, creating a showdown over what may be the biggest illegal infusion of money into US politics in decades  —  Sam Bankman-Fried, the second biggest Democratic donor in the 2022 election cycle, is charged with violating campaign finance laws …
Rohan Goswami / CNBC:
Reuters:
An investigation details the global supply chain that continues to offer Russia access to Western components and electronics, including from Intel and AMD  —  In March this year, a new firm appeared in Turkey's corporate registry.  Azu International Ltd Sti described itself as a wholesale trader …
Naomi Nix / Washington Post:
The son of an Ethiopian professor murdered in November 2021 sues Meta in Kenya, alleging Facebook algorithms promote hateful and violent content for engagement  —  Lawsuit alleges the social media giant is fueling violence and hate across Eastern and Southern Africa.
Marco Quiroz-Gutierrez / Fortune:
PayPal launches an integration with MetaMask that allows users to purchase and transfer ETH, rolling out to all US customers in the coming weeks  —  Users of the popular MetaMask Web3 wallet will soon be able to buy the second-most-popular cryptocurrency, Ether, via PayPal.
More: CoinDesk
Spencer Soper / Bloomberg:
A look at Vietnamese supplier Gilimex's lawsuit against Amazon, seeking $280M over investing heavily in manufacturing facilities before Amazon cut its orders  —  Amazon.com Inc. faces a $280 million lawsuit from a Vietnamese manufacturer of warehouse storage systems that alleges …

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