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December 3, 2022, 1:00 AM
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Top News

Todd Spangler / Variety:
A Twitter thread from Matt Taibbi exposes Twitter documents on the internal debate over the handling of content related to NY Post's Hunter Biden laptop story  —  The new disclosures, touted as “The Twitter Files,” were posted in a lengthy Twitter thread by investigative reporter and author Matt Taibbi (and retweeted by Musk).
Financial Times:
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits  —  Alameda Research sustained up to $1bn loss last year when client's trade on obscure token went sour  —  Hedge fund Alameda Research stepped …
CNBC:
Filing: DOJ requests the appointment of an independent examiner to probe “substantial and serious allegations of fraud, dishonesty” that led to FTX's bankruptcy
Ivan Mehta / TechCrunch:
Google says it is testing end-to-end encryption for RCS-based group chats on its Messages app  —  Google said today it is testing end-to-end encryption for RCS-based group chats on its Messages app — RCS stands for Rich Communication Services.  The company noted that it will be rolling …
New York Times:
Sources: Twitter's US ad revenue was 80% below internal expectations for the week of the World Cup's Nov. 20 start, as Twitter keeps missing weekly ad targets  —  Under Elon Musk, the company has cut its financial expectations as some advertisers request discounts and are offered incentives.
Patience Haggin / Wall Street Journal:
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump-start its faltering business
New York Times:
China is using phone trackers and other tools to track protestors, the first time mass surveillance has been directed at middle-class people in affluent cities  —  After a weekend of protests, the authorities in China are using the country's all-seeing surveillance apparatus to find those bold enough to defy them.
Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …
More: Axios and Reuters
Adam Morgan McCarthy / The Block:
Mike Novogratz's Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  - Mike Novogratz's Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:00 AM ET, December 3, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Liz Hoffman / Semafor:
Sources: the FCC is moving toward a review of Disney's broadcast licenses, putting pressure on the ABC owner as it faces scrutiny over Jimmy Kimmel's monologue

Todd Spangler / Variety:
FCC filing: Paramount says the merged Paramount-WBD will be 49.5% owned by foreign investors, with ~38.5% of the equity held by a trio of Middle Eastern funds

Reuters:
Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash

More News

Olaf Storbeck / Financial Times:
The trial of three Wirecard executives has begun, seeking to understand how the €24B startup imploded in June 2020, one of the largest frauds in German history
Derek Thompson / The Atlantic:
A look at some implications for generative AI: “answer engines” replacing search engines, AI mastering cognitive tasks by surveilling how experts work, and more

Earlier Picks

Richard Waters / Financial Times:
Palmer Luckey's Anduril, which builds autonomous systems for the US military, raised nearly $1.5B at a $7B pre-money valuation, up from $4.2B in June 2021
Olivia Solon / Bloomberg:
TikTok and Bumble plan to use StopNCII.org's database of hashes of nude images and videos to block revenge porn; Meta has been using it since last year
Marco Quiroz-Gutierrez / Fortune:
Stripe debuts a customizable fiat-to-crypto payments widget for Web3 devs to directly embed into their apps; Stripe to handle KYC checks, fraud, and compliance
Michael Sheetz / CNBC:
SpaceX gets FCC approval to deploy up to 7,500 next-generation Starlink internet satellites in low Earth orbit; SpaceX had applied for nearly 30K satellites
Darrell Etherington / TechCrunch:
Parler's owner says it “has mutually agreed with Ye to terminate the intent of sale of Parler”, after announcing the deal in October
James Hale / Tubefilter:
Discord renames Premium Memberships as Server Subscriptions and makes them available for all US creators; Discord will take a 10% cut of subscriptions
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