Techmeme
December 12, 2022, 10:35 PM

Top News

CNBC:
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited  —  - The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …
More: New York Times, Decrypt, CoinDesk, VICE, Axios, Decrypt, Gizmodo, Reuters, Forbes, Washington Post, PYMNTS.com, Insider, Australian Financial Review, BuzzFeed News, Insider, NPR, The Hill, Blockworks, The Information, TechCrunch, The Verge, Engadget, NBC News, The Block, Los Angeles Times, CNET, ABC News, BBC, CNN, @steventdennis@journa.host, The Daily Hodl, @caseynewton@mastodon.social, Forkast, Deadline, Crypto Coin Show Insider …, Newser, Watcher Guru, Bitcoin Magazine, New York Post, Rolling Stone, Livemint, SHERLOC Exposes, Crowdfund Insider, Politico, Bitcoin News, Fast Company, Mashable, New York Post, Financial Times, Sky News, Fortune, Bloomberg, Reuters, Cointelegraph, New York Magazine, Variety, The Daily Beast, Kotaku, and Semafor
U.S. House Committee on Financial Services:
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more  —  Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today.
Reuters:
Sources: US prosecutors are split on charging Binance and its executives over money laundering and sanctions violations and have discussed potential plea deals  —  Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation …
Laura Forman / Wall Street Journal:
Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in Oct. and 85% in Nov., the largest drop since Musk's takeover; the trend continues in Dec.  —  Elon Musk is leading with narrative at Twitter.  Don't lose sight of the dollars and sense.  —  Elon Musk's Unconventional Management Style: Former Employees Share Stories
Platformer:
Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in an attempt to rid Twitter of spam  —  PLUS: Why it's time to start leaving Twitter behind  —  On Sunday, Elon Musk tweeted a vague warning: “the bots are in for a surprise tomorrow.”
Cat Zakrzewski / Washington Post:
Jonathan Weil / Wall Street Journal:
Mazars' Binance “proof of reserve” report covers only some assets and liabilities and doesn't vouch for the numbers or assess internal reporting controls  —  Crypto exchange has begun releasing data to shore up confidence following collapse of FTX  —  Crypto's Crash Has Been Swift but Largely Self-Contained.
André Beganski / Decrypt:
Bloomberg:
Sources: the Netherlands and Japan agree in principle to join the US in tightening chipmaking exports to China and limit its ability to obtain advanced chips  —  Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced chipmaking machinery to China …
Jordan Middler / Video Games Chronicle:
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard deal to “protect its dominance on the console” and to grow by “making Xbox smaller”  —  In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO …
Bloomberg:
Microsoft acquires a 4% stake in the London Stock Exchange, valued at ~£1.6B, as part of a 10-year deal in which LSEG plans to spend $2.8B+ on cloud services  —  Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.

Sponsor Posts

Clay:
Turn any GTM idea into reality  —  Clay helps GTM teams combine AI agents, enrichment, and intent data to move faster and turn insights into action.
Soxton:
AI-powered law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
Zoho:
8 years of PageSense: Introducing PageSense 3.0  —  PageSense was built eight years ago with a simple goal: to help businesses understand user behavior and improve conversion outcomes through experimentation.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Lenny's Podcast:
"Engineers are becoming sorcerers" | The future of software development with OpenAI's Sherwin Wu
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Cheeky Pint:
Ben Thompson from Stratechery on AI ads, the end of SaaS, and the future of media
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Tools and Weapons with Brad Smith:
His Excellency Khaldoon Al Mubarak: Investing in an AI-Driven World
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
The Nick, Dick and Paul Show:
The Billionaire Button w/ Tim Wu
Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
Subscribe to The Nick, Dick and Paul Show.
Great Chat:
No one won the AI Bowl
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Big Technology Podcast:
Who's Winning The AI Race? + Software's Future — With Sridhar Ramaswamy
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:35 PM ET, December 12, 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.

More News

Adam Serwer / The Atlantic:

Earlier Picks

Reuters:
Wall Street Journal:
Bloomberg: