Techmeme
November 24, 2022, 8:45 AM

Top News

Josh Sisco / Politico:
Sources: the FTC plans to file an antitrust lawsuit to block Microsoft's $69B Activision Blizzard deal, as FTC staff are skeptical of the companies' arguments  —  The Federal Trade Commission is likely to file an antitrust lawsuit to block Microsoft's $69 billion takeover …
Carly Wanna / Bloomberg:
Sam Bankman-Fried plans to speak at The New York Times' annual DealBook Summit on November 30; Andrew Ross Sorkin says “nothing is off limits”  —  In the weeks since crypto exchange FTX collapsed, questions have swirled about everything from the risk management practices …
Parikshit Mishra / CoinDesk:
ConsenSys says it collects user data related to its on-chain wallet service MetaMask, following a similar announcement by decentralized exchange Uniswap  —  The firm said when using Infura as an RPC on MetaMask, a user's IP address and wallet address information would also be collected.
Bloomberg:
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital  —  Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
Financial Times:
Sources: Elon Musk disbands Twitter's Brussels team, sparking compliance concern among EU officials after policy executives departed the small but vital office  —  Digital policy executives' departure elicits unease over adherence to EU rules on disinformation and hate speech
Financial Times:
Foxconn offers ~$1,400 payouts to newly recruited Chinese workers who opt to leave its iPhone factory, aiming to quell unrest after violent clashes with police  —  Apple supplier apologises for ‘technical error’ after violent clashes between workers and police
Steve Lohr / New York Times:
Frederick P. Brooks Jr., a Turing Award recipient who co-led IBM's System/360 and wrote a book cited as gospel by computer scientists, died last week at 91  —  He was a lead designer of the computers that cemented IBM's dominance for decades.  He later wrote a book on software engineering that became a quirky classic.
Bill Cusick / Stability.Ai:
Stability AI releases Stable Diffusion 2.0, which can generate images with 512x512 and 768x768 default resolutions and upscale images to 2048x2048  —  It is our pleasure to announce the open-source release of Stable Diffusion Version 2.  —  The original Stable Diffusion V1 led by CompVis changed …
Stephen Gandel / New York Times:
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal  —  Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
Nikhilesh De / CoinDesk:
More: The Economic Times, New York Times, Disillusioned, New York Post, Blockworks, Quartz, Ars Technica, TheStreet, Ethereum World News, New York Times, The Block, Crowdfund Insider, Cryptopolitan, Watcher Guru, Insider, The Guardian, Waivly, Insider, Bloomberg, South China Morning Post, Wall Street Journal, The Block, Financial Times, and Associated Press
Jon Porter / The Verge:
Elon Musk says Tesla's Full Self-Driving Beta is now available on request to anyone in North America who has paid for the $15,000 feature  —  Tesla's “Full Self-Driving” Beta, which has been gradually rolling out over the past couple of years, is now available to anyone who's paid for the feature …
Sergiu Gatlan / BleepingComputer:
Microsoft says hackers used vulnerabilities in the Boa web server, discontinued in 2005 but widely used across IoT devices, to target the Indian power sector  —  Microsoft said today that security vulnerabilities found to impact a web server discontinued since 2005 have been used to target …
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney's other units  —  Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units

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