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Techmeme
December 29, 2021, 1:00 PM
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Wall Street Journal:
Sources: following Haugen's leaks, Meta sought to divide lawmakers along partisan lines to forestall regulation, as Zuckerberg told employees not to apologize  —  Chief Executive Mark Zuckerberg drove response to disclosures about company's influence; sending deputies to testify in Congress
Sergiu Gatlan / BleepingComputer:
T-Mobile confirms reports of a data breach caused by SIM swap attacks on a “very small number of customers”, following five other data breaches since 2018  —  T-Mobile confirmed that recent reports of a new data breach are linked to notifications sent to a “very small number of customers” …
Bloomberg:
Apple puts Foxconn's southern India factory on probation after worker protests shut it down and an investigation revealed substandard living conditions  —  - Foxconn apologized for lapses in worker living conditions  — Apple has asked for corrective actions before factory reopens
Cobie:
The dogecoin bull run in 2021 and recent $SOS token airdrop by a third party to OpenSea users show that the only scarce resource in crypto is attention  —  People talk a lot about scarcity in crypto.  Whether it's enforcing digital scarcity through NFTs or the idea that “there's 55m millionaires but only 21m bitcoins”.
Paul Butler:
Web3 game Axie Infinity's play-to-earn model blurs the lines between “player” and “worker”, creating a Ponzi scheme with built-in deniability  —  In Bullshit Jobs: A Theory, David Graeber makes the case that a sizable chunk of the labour economy is essentially people …
Abner Li / 9to5Google:
Waymo partners with Chinese automotive company Geely to bring a “rider-first” EV with no steering wheel to its US robotaxi Waymo One fleet in the coming years  —  Waymo One is Alphabet's Lyft/Uber competitor that's live in Phoenix and currently undergoing testing in San Francisco.
Sergiu Gatlan / BleepingComputer:
Some LastPass users say their master passwords were compromised and used in blocked login attempts from unknown IPs; LastPass blames “credential stuffing”  —  Many LastPass users report that their master passwords have been compromised after receiving email warnings that someone tried …
Kris Holt / Engadget:
Adam Mosseri says in 2022 Instagram will “double down” on video, consolidate its video products around Reels, and focus on creators, transparency, and messaging  —  In a brief year-end video message, Instagram head Adam Mosseri offered some insight into what's ahead for the platform.
New York Times:
How tech founders and investors use the Qualified Small Business Stock tax break, a 1990s-era provision for SMBs, to minimize taxes on investment profits  —  Once aimed at small businesses, a 1990s-era tax break has become a popular way for Silicon Valley founders and investors to avoid taxes on their investment profits.
More: Bloomberg

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Laura Forman / Wall Street Journal:
Early pandemic winners, including Cathie Wood's ARK fund, Peloton, Zoom, Poshmark, DocuSign, Chegg, and Zillow, have seen their market value decline in 2021

Earlier Picks

Monica Alleven / Fierce Wireless:
US appeals court rules in favor of the FCC's decision to designate a large swath of the 6 GHz band to unlicensed users, after AT&T challenged the FCC
Mark Gurman / Bloomberg:
Sources: Apple issued rare bonuses of restricted stock worth $50K-$180K to select engineers, after Meta poached ~100 Apple engineers over the past few months
Michail / GSMArena.com:
Xiaomi unveils the 6.28-inch 12 and 6.73-inch 12 Pro with Snapdragon 8, 50MP camera, up to 12GB of RAM and 256GB SSD, coming December 31 starting at ~$580
Shannon Liao / Washington Post:
Riot Games agrees to pay $100M to settle a 2018 class-action gender discrimination lawsuit with current and former women employees and California state agencies
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