Techmeme
December 23, 2022, 9:30 AM

Top News

Emily Baker-White / Forbes:
ByteDance fired four employees after finding that they had accessed data on US TikTok users, including reporters, while trying to learn the sources of a story  —  ByteDance confirmed it used TikTok to monitor journalists' physical location using their IP addresses, as first reported by Forbes in October.
Reuters:
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home  —  Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
More: CNBC, Reuters, New York Times, Wall Street Journal, TheStreet, Sky News, Decrypt, Bloomberg, The Block, Crypto Daily, CoinGeek, Daily Mail, Attack of the 50 Foot …, New York Post, New York Daily News, WRAL TechWire, Associated Press, New York Post, International Business Times, crypto.news, Bitcoinist.com, Mercury News, The MexicaNFTimes, Inside Bitcoins, and Forkast
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Sam Reynolds / CoinDesk:
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and sold as an investment contract”  —  Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
Washington Post:
Zack Whittaker / TechCrunch:
LastPass says hackers stole a backup copy of users' encrypted and unencrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022  —  Password manager giant LastPass has confirmed that cybercriminals stole its customers' encrypted password vaults …
Nate Raymond / Reuters:
Filing: Meta agrees to pay $725M to settle a class-action lawsuit accusing the company of letting third parties, including Cambridge Analytica, access user data  —  Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing …
Sarah E. Needleman / Wall Street Journal:
Microsoft files a rebuttal to the FTC's lawsuit to block its Activision deal, saying the deal won't hurt competition and that it isn't the top game developer  —  Software giant files documents opposing claims that transaction would harm competition in videogame industry
New York Times:
Amanda Silberling / TechCrunch:
Twitter begins rolling out publicly visible tweet view counts, expanding on private analytics; Elon Musk says view counts will help show how “alive Twitter is”  —  Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms …
Joanna Ossinger / Bloomberg:
Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021  —  Cryptocurrency exchange Bullish and special-purpose acquisition company Far Peak Acquisition Corp. have called off their planned merger.
Davey Alba / Bloomberg:
Research: tens of thousands of Twitter poll bot votes can cost less than $100, potentially undermining Elon Musk's move to rely on polls for company decisions  —  New Twitter Inc. owner Elon Musk has outsourced several controversial decisions — like whether to reinstate former US President …
Financial Times:
Sources: TSMC is in advanced talks with key suppliers about setting up its first European plant in Dresden, Germany; construction could begin in early 2024  —  Company to send senior executives to Dresden early next year to discuss potential factory project in Germany

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