Techmeme
December 21, 2021, 1:30 PM

Top News

Vlad Savov / Bloomberg:
Jack Dorsey causes controversy by criticizing Web3, tweeting: “You don't own ‘web3.’ The VCs and their LPs do. It will never escape their incentives”  —  Fresh off relinquishing the chief executive reins of Twitter Inc., Bitcoin enthusiast Jack Dorsey has taken …
Todd Spangler / Variety:
AT&T plans to sell its Xandr programmatic advertising marketplace to Microsoft; the deal would not involve the ad sales business behind DirecTV  —  Financial terms of the deal were not disclosed; the transaction is subject to customary closing conditions, including regulatory reviews.
New York Times:
Crypto and blockchain startups raised $28B+ in 2021, up 4x YoY, according to PitchBook, as large tech companies lose execs and engineers to crypto companies  —  Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.
Isla McKetta / Speedtest Stories & Analysis:
A look at US satellite internet speeds, with Starlink median download/upload speeds of 87.3 Mbps and 13.5 Mbps, followed by HughesNet at 19.3 Mbps and 2.5 Mbps  —  Satellite internet is making headlines across the globe as Starlink continues to launch service in new countries and Viasat plans to acquire Inmarsat.
Politico:
Sources detail Amazon's increasingly close relationship with the DOJ and FBI, as it tips off the agencies about employees and third-party sellers  —  Amazon has increasingly tipped off the Justice Department and FBI to investigate its own employees and the sellers using its platform, according to a POLITICO analysis. 
Andrew Hayward / Decrypt:
Render Network, a P2P network that offers remote rendering power for 3D visuals, raises $30M led by Multicoin Capital, bringing its total raised to $50M  —  In brief  — Render Network, a peer-to-peer service for providing 3D rendering power, has raised $30 million.
More: The Block
Juro Osawa / The Information:
Sources: despite publicly stepping down, ByteDance founder Zhang Yiming remains actively involved, focusing on long-term strategy  —  Zhang Yiming, founder of ByteDance, the Chinese company that owns TikTok, resigned as CEO and chair earlier this year.  He no longer has any management title or board seat.
Sahar Massachi / MIT Technology Review:
A framework for fixing social media: apply lessons from physical cities, prevent fake accounts, improve corporate behavior, and listen to integrity workers  —  We need to make our online spaces more similar to our offline ones to limit the reach of bad actors and keep people safe.
Sergiu Gatlan / BleepingComputer:
T-Mobile says its Scam Shield service blocked 21B scam, spam, and unwanted robocalls in 2021, as scam call traffic hit an all-time high of 425M calls per week  —  T-Mobile says it blocked 21 billion scam, spam, and unwanted robocalls this year through its free Scam Shield robocall …
Janko Roettgers / Protocol:
TikTok faces allegations that it copied code from broadcast app OBS Studio and other open source projects for Live Studio without adhering to licensing terms  —  TikTok's latest video-production tool is said to be violating open-source licenses: The company's new Live Studio Windows app …

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