Techmeme
December 9, 2022, 5:25 PM

Top News

Sara Fischer / Axios:
Sources: LLC's tied to crypto news site The Block's CEO secretly received $43M in Alameda loans, used in part to acquire and run the site; CEO has now resigned  —  The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
Kurt Wagner / Bloomberg:
More: Insider, The Atlantic, Gizmodo, Insider, NetFamilyNews.org, MobileSyrup, and New York Post
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Julia Shapero / The Hill:
Bari Weiss releases “Twitter Files Part Two”, sharing images of accounts that Twitter allegedly put on “blacklists” and screenshots of internal Slack messages  —  Former New York Times columnist Bari Weiss released the second installment of the “Twitter Files” …
Nick Turner / Bloomberg:
Elon Musk says Twitter is working on an update that will show users if they've been “shadowbanned”, the reason why, and how to appeal  —  Twitter Inc. owner Elon Musk, continuing a shake-up of the platform he acquired in October for $44 billion, said the company will begin telling users …
Matthew Goldstein / New York Times:
SBF agrees to testify before a House committee on December 13 but remains quiet about a request from a Senate committee, which could issue a subpoena  —  The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Emily Nicolle / Bloomberg:
As US prosecutors reportedly investigate whether FTX and Alameda orchestrated LUNA and UST's collapse, a look at the timeline of events and potential evidence  —  The latest twist in the downfall of crypto maven Sam Bankman-Fried is prompting a reexamination of the implosion …
Hannah Miller / Bloomberg:
Singapore-based Amber Group, one of Asia's largest crypto exchanges, cuts 40%+ of its staff, scraps retail operations, and terminates its Chelsea FC sponsorship  —  Amber Group, one of Asia's leading crypto trading and lending platforms, is cutting jobs, scrapping retail operations and terminating …
Chance Miller / 9to5Mac:
Apple and Ericsson reach a licensing agreement over “patented cellular standard-essential technologies” and more, ending a years-long legal battle  —  Apple and Ericsson have reached a licensing agreement that will put an end to a years-long, increasingly nasty legal battle between the two companies.
Nick Baker / CoinDesk:
Auditing firm Mazars says Crypto.com users' crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance  —  The examination was done by auditing firm Mazars.  —  Crypto.com released proof-of-reserves data from auditing firm Mazars Group …
Sheila Dang / Reuters:
Twitter emails advertisers about plans to launch controls to prevent their ads from showing up next to tweets with certain keywords, as soon as next week  —  Twitter Inc will roll out new controls as soon as next week to let companies prevent their ads from appearing above …
Alex Heath / The Verge:
Q&A with Epic CEO Tim Sweeney on his crusade to break Apple's App Store power, which he says is increasingly a problem of free speech and not just business  —  Sweeney says he's willing to go to the Supreme Court to fight Apple's control of the App Store.  But first, he's hoping Congress will act before it's too late.
Tim Bradshaw / Financial Times:
Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at $10B, and sources say Gorillas alone at ~$1.2B  —  Combined group worth $10bn represents a fall in valuation as investors turn against lossmaking tech start-ups

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