Techmeme
December 14, 2022, 7:15 PM

Top News

Bloomberg:
Twitter suspends ~30 accounts that shared the locations of private jets from public data; @ElonJet, a bot tracking Musk's jet, is back up after a brief ban  —  Twitter Inc. has suspended multiple accounts that track the locations of private jets using publicly available flight data …
Ryan Mac / New York Times:
Twitter updates its private information and media policy with new rules, including the suspension of accounts “dedicated to sharing someone's live location”  —  The suspended accounts include one that followed the private plane of Elon Musk, Twitter's owner.
Kat Tenbarge / NBC News:
The SEC charges eight influencers with securities fraud, allegedly using Twitter and Discord to manipulate stocks since at least January 2020 in a ~$100M scheme  —  The Securities and Exchange Commission has charged eight influencers with securities fraud, the agency said Wednesday.
Jay Peters / The Verge:
Tesla rolls out an update, adding support for Steam on 2022 Model S and Model X vehicles or newer with 16GB of RAM, Apple Music, upgraded Light Show, and more  —  Tesla's new “Holiday Update” adds a few long-awaited new features, including the ability to play games from Steam in your car and support for Apple Music.
Matt Levine / Bloomberg:
SBF's “carelessness” fraud defense, after misrepresenting risk management and funneling customer money to Alameda, is a confession the SEC sees straight through  —  Oh Sam  —  I.  —  Here is how you run a futures exchange:  — You offer some bets on some propositions, say, whether Bitcoin will go up or down.
Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.
Meghan Bobrowsky / Wall Street Journal:
As Tesla's stock drops ~60% in 2022, on pace for its worst year on record, investors criticize Elon Musk's involvement in Twitter and his lack of focus on Tesla  —  Supporters of Tesla and Musk are asking questions about who is running the electric-vehicle maker
Igor Bonifacic / Engadget:
Twitter plans to shut down newsletter platform Revue on January 12, 2023 and delete all data, after acquiring the company in January 2021  —  One day after Jack Dorsey took to Revue to share his thoughts on the Twitter Files, the company announced it would shut down the newsletter platform early next year.
Bloomberg:
Memo: Changpeng Zhao warns Binance staff to expect a “bumpy” several months but that the exchange “will survive any crypto winter”, after huge user withdrawals  —  Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead …
Financial Times:
Sources: Arm concludes Alibaba and other Chinese companies can't buy its high-performance Neoverse V chip tech as the US and the UK would not approve its export  —  Alibaba among groups unable to purchase top designs  —  Alibaba, the Chinese tech giant, cannot buy some of the most advanced chip designs …
Bloomberg:
Interviews with dozens of Elon Musk's former employees and partners portray his Twitter as a Shakespearean psychodrama, resulting in something close to disaster  —  It was Day 5 of Elon Musk's riveting, rambunctious takeover of Twitter Inc. The owner and self-proclaimed Chief Twit had spent …
Wall Street Journal:
Tether plans to stop secured loans issued and denominated in its tether stablecoin at some point in 2023, after WSJ reported on the potentially risky practice  —  The rapid growth of Tether's lending program raised concerns about its ability to meet redemptions in a crisis  —  Created with sketchtool.
Bloomberg:
Despite pledges, FEC filings show AT&T, Amazon, Intel, Comcast, and others quietly restarted donations to Republican election deniers ahead of the 2022 midterms  —  Some of the biggest technology and telecom companies jettisoned pledges made in the wake of the US Capitol assault …
Naomi Nix / Washington Post:
The son of an Ethiopian professor murdered in November 2021 sues Meta in Kenya, alleging Facebook algorithms promote hateful and violent content for engagement  —  Lawsuit alleges the social media giant is fueling violence and hate across Eastern and Southern Africa.
Reuters:
An investigation details the global supply chain that continues to offer Russia access to Western components and electronics, including from Intel and AMD  —  In March this year, a new firm appeared in Turkey's corporate registry.  Azu International Ltd Sti described itself as a wholesale trader …
Sarah Krouse / Wall Street Journal:
Verizon partners with Netflix to give some customers who subscribe to another service via its new +play marketplace a free one-year Netflix premium subscription  —  Amazon, Apple and YouTube woo customers with streaming marketplaces  —  Verizon Communications Inc. said it would give …
Bill Allison / Bloomberg:
The DOJ charges SBF with violating campaign finance laws, creating a showdown over what may be the biggest illegal infusion of money into US politics in decades  —  Sam Bankman-Fried, the second biggest Democratic donor in the 2022 election cycle, is charged with violating campaign finance laws …

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