Techmeme
December 19, 2022, 10:30 AM

Top News

Washington Post:
Elon Musk's poll, asking “Should I step down as head of Twitter?”, ends with 57.5% voting yes, after Musk said Twitter polls will decide “major policy changes”  —  After a new policy prompted backlash, Twitter CEO Elon Musk said future policies would be determined by polls
More: Bloomberg, London Evening Standard, Bloomberg, Washington Post, The Verge, Insider, Financial Times, Bloomberg, Reuters, Gizmodo, ZDNet, Financial Times, Engadget, CNN, Reuters, RTÉ, Insider, The Guardian, TechCrunch, Android Central, Watcher Guru, VICE, Financial Times, Axios, New York Times, CNBC, The Block, Coinspeaker, New York Post, Variety, City A.M., Music Ally, Wall Street Journal, Miss Libertarian, Cryptopolitan, The Hollywood Reporter, Euractiv, CoinGape, Semafor, The Register, and The Week
Emma Roth / The Verge:
Twitter backtracks and Elon Musk apologizes after saying the service would remove tweets and accounts promoting their presence on Facebook, Mastodon, and others  —  Twitter will no longer allow users to promote their presence on certain social platforms, including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post.
More: Twitter Help Center, TechCrunch, BBC, NBC News, Engadget, Michael Geist, The Economic Times, CNBC, CNET, Social Media Today, Fast Company, MUO, Fossbytes, Firstpost Tech, iThinkDifferent, and CNN
Brian Fung / CNN:
Twitter deletes @TwitterSupport's thread and a policy webpage detailing its new policy to prevent accounts from promoting other social media platforms  —  Twitter deleted its controversial new policy on Sunday evening that had banned links to certain other social media platforms …
@twittersafety:
After Elon Musk said polls will decide major new policies, @TwitterSafety posts a poll on whether accounts primarily promoting other platforms should be allowed  —  Should we have a policy preventing the creation of or use of existing accounts for the main purpose of advertising other social media platforms?
Wall Street Journal:
Epic Games agrees to pay the FTC $520M to resolve two complaints over allegedly breaking kids' online privacy rules and tricking users into unintended purchases  —  The agency alleged that the company invaded children's privacy and tricked players of all ages into making unintended purchases
Claire Boston / Bloomberg:
Binance.US agrees to acquire Voyager Digital's assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5  —  Binance.US will buy Voyager Digital's assets out of bankruptcy in a deal worth $1.022 billion.  —  Voyager selected Binance.US as the highest …
Reuters:
Analysis: Binance's filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where Binance.com is based, offer little data, and more  —  The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.
Casey Wagner / Blockworks:
Binance says Deloitte, E&Y, KPMG, and PwC are “currently unwilling” to conduct audits on private crypto companies, after Mazars stopped providing such audits  —  Ren Protocol, the Alameda-funded crypto platform that issues wrapped bitcoin under renBTC, is remodeling itself after the FTX crash.
Joanna Ossinger / Bloomberg:
Kurt Wagner / Bloomberg:
Meta CTO Andrew Bosworth says the company plans to devote ~20% of its overall costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022  —  Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023 …
Rosie Perper / CoinDesk:
Yuga Labs names former Activision Blizzard president and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz; Yuga develops the BAYC NFTs  —  The Bored Ape parent company said Alegre's previous gaming experience will help advance the brand's Otherside metaverse and propel …
Vicky Ge Huang / Wall Street Journal:
Investor letter: Grayscale CEO Michael Sonnenshein details options if the Grayscale Bitcoin Trust's ETF plans fail, including a tender for outstanding shares  —  Michael Sonnenshein attempts to assuage fears of Grayscale Bitcoin Trust investors after collapse of FTX
Stephanie Bodoni / Bloomberg:
The European Commission sends Meta a statement of objection for possible antitrust breaches over tying Marketplace to Facebook and imposing unfair trading terms  —  Meta Platforms Inc. was hit with a complaint from European Union antitrust watchdogs over concerns it's unfairly squeezing …

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