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December 3, 2022, 3:50 AM
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Top News

Todd Spangler / Variety:
Matt Taibbi posts internal Twitter documents showing the company's 2020 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
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
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
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:
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 3:50 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

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

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Trip Gabriel / New York Times:
R. Bruce Dold, a Pulitzer Prize-winning journalist at the Chicago Tribune, where he became editor-in-chief and publisher, is dead at 70

More News

Jacob Bernstein / New York Times:
Inside the Crypties, an awards ceremony calling itself the Oscars for Web 3.0, with awards for game of the year, investor of the year, social impact, and more
Kristin Robinson / Billboard:
Triller removes music catalogs for UMG, WMG, Sony Music, and Merlin after Sony filed a lawsuit claiming Triller failed to make payments worth “millions”
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

Earlier Picks

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
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
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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