Techmeme
December 22, 2022, 2:30 PM

Top News

U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their role in defrauding FTX's investors at SBF's direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …
Washington Post:
The SDNY says ex-Alameda CEO Caroline Ellison and FTX CTO Gary Wang pleaded guilty to federal charges, both are cooperating, and releases them on a $250K bond  —  Caroline Ellison and Gary Wang helped disgraced crypto mogul divert funds and are now aiding prosecutors
Sam Reynolds / CoinDesk:
The SEC's complaint against Caroline Ellison and Gary Wang says FTX's FTT token is a security as it was sold as an investment contract  —  Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
Reuters:
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; judge grants bail with a $250M bond and custody at his parents' CA home  —  Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
Wall Street Journal:
YouTube acquires NFL Sunday Ticket residential rights for seven years, starting in 2023, sources say for ~$2B per year; DirecTV reportedly currently pays $1.5B  —  Video streamer to pay annual fee of roughly $2 billion under seven-year deal  —  Created with sketchtool.
Amanda Silberling / TechCrunch:
Twitter begins rolling out public view counts for tweets, expanding on video view counts and analytics; Elon Musk says they will show how “alive Twitter is”  —  Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms like YouTube …
Cecilia Kang / New York Times:
An internal ByteDance investigation finds a few employees accessed data on US TikTok users, including two reporters, while trying to find sources for a story  —  The company's internal investigation showed that workers also obtained data on a small number of other U.S. users.
Brayden Lindrea / Cointelegraph:
Twitter rolls out $Cashtags, offering stock, ETF, and crypto prices within search results using data from TradingView, along with a View on Robinhood link  —  Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.
Alex W. Palmer / New York Times:
How ByteDance and TikTok, which owe their existence to intermingled Western and Chinese ideas, capital, and people, became entangled in the US-China rift  —  A Chinese app conquered the planet — and now the U.S. is threatening to shut it down.  Can the world's biggest virality machine survive?
Mike Masnick / Techdirt:
Mastodon, nostr, and other decentralized social networks are having a moment, despite some complexity, propelled by the apparent decline of Twitter and Meta  —  So, it's been quite a year for legacy, centralized social media — and all without any really big change to the laws that govern it …
Bloomberg:
New York Times:
Sources: OpenAI releasing ChatGPT led Google to declare a “code red”, including reassigning teams to respond to the threat ChatGPT poses to its search business  —  A new wave of chat bots like ChatGPT use artificial intelligence that could reinvent or even replace the traditional internet search engine.
Alex Thompson / Politico:
Investigation: Eric Schmidt helps fund the salaries of over 24 Biden administration officials through the Federation of American Scientists and Schmidt Futures  —  Eric Schmidt, the former CEO of Google who has long sought influence over White House science policy, is helping to fund …

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