December 23, 2021, 4:40 AM

Top News

Richard Lawler / The Verge:
Marc Andreessen blocked Jack Dorsey on Twitter following his tweets that were critical of a16z and Web3; Dorsey then tweeted “I'm officially banned from web3”  —  The venture capitalist blocked the former Twitter CEO, and Dorsey said he's now ‘banned from Web3’
Vlad Savov / Bloomberg:
Jack Dorsey's tweet sparks uproar: “You don't own ‘web3.’ The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity”  —  Fresh off relinquishing the chief executive reins of Twitter Inc., Bitcoin enthusiast Jack Dorsey …
Washington Post:
Survey of 1,058 US internet users: 72% distrust Facebook, 63% TikTok, 60% Instagram, 53% WhatsApp, and 53% YouTube; 53% trust Amazon, 48% Google, and 44% Apple  —  You'll find all the usual technology suspects inside Mary Veselka's Pearland, Tex., home.  There's her iPhone …
Tencent plans to issue nearly all of its shares in worth $16.37B to shareholders as a dividend, reducing its stake from 17% to about 2.3%  —  Chinese gaming and social media company Tencent (0700.HK) will hand a $16.4 billion (9618.HK) stake as a dividend to its shareholders …
Igor Bonifacic / Engadget:
In a letter, 13 Democratic senators ask Mark Zuckerberg why Facebook removed misinformation safeguards ahead of January 6, citing Frances Haugen's leaked docs  —  A group of 13 Democratic senators led by Amy Klobuchar of Minnesota and Jack Reed of Rhode Island has called on Meta CEO Mark Zuckerberg …
The Markup:
Katanga Johnson / Reuters:
The US CFPB orders online payday lender LendUp to shutter lending operations after finding it repeatedly lied to and illegally cheated its customers  —  WASHINGTON, Dec 21 (Reuters) - (This December 21 story corrects date of LendUp wind-down from 2020 to 2022)
Ryan Mac / New York Times:
In a note to employees, Bosworth envisions Meta's deep compatibility with blockchain, says it could have “profound impacts on our industry over the next decade”  —  Meta, Facebook's parent company, is aiming for “deep compatibility” with blockchain technology, according to an internal post on Tuesday from a top executive.
The Economic Times:
India bans 20 YouTube channels and two websites for alleged “anti-India” propaganda from Pakistan, invoking its new IT Act's emergency powers for the first time  —  India banned 20 YouTube channels and two websites on Monday for allegedly running anti-India propaganda from Pakistan …
Pranav Balakrishnan / The Economic Times:
Bengaluru-based B2B online seafood marketplace Captain Fresh raises a $40M Series B co-led by Tiger Global and Prosus Ventures at a $200M post-money valuation  —  Post this funding, Bengaluru-based Captain Fresh has seen its valuation jump four times to around $200 million.

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Earlier Picks

Chris Vallance / BBC:
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Mehul Srivastava / Financial Times: