Techmeme
December 2, 2022, 9:35 PM

Top News

Todd Spangler / Variety:
A Twitter thread from Matt Taibbi exposes Twitter documents on the internal debate over the handling of content related to NY Post's Hunter Biden laptop story  —  The new disclosures, touted as “The Twitter Files,” were posted in a lengthy Twitter thread by investigative reporter and author Matt Taibbi (and retweeted by Musk).
Financial Times:
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits  —  Alameda Research sustained up to $1bn loss last year when client's trade on obscure token went sour  —  Hedge fund Alameda Research stepped …
CNBC:
Filing: DOJ requests the appointment of an independent examiner to probe “substantial and serious allegations of fraud, dishonesty” that led to FTX's bankruptcy  —  - FTX's bankruptcy case demands an independent review, the Department of Justice said, because of allegations …
Bloomberg:
Sources: FTX's derivatives exchange LedgerX is for sale, attracting interest from Blockchain.com, Gemini, and others; Nov. 17 filing: LedgerX had ~$303M in cash  —  LedgerX, one of the few solvent pieces of Sam Bankman-Fried's crumbled FTX empire, is for sale and attracting interest …
More: Reuters
Ivan Mehta / TechCrunch:
Google says it is testing end-to-end encryption for RCS-based group chats on its Messages app  —  Google said today it is testing end-to-end encryption for RCS-based group chats on its Messages app — RCS stands for Rich Communication Services.  The company noted that it will be rolling …
Adam Morgan McCarthy / The Block:
Mike Novogratz's Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  - Mike Novogratz's Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.
New York Times:
China is using phone trackers and other tools to track protestors, the first time mass surveillance has been directed at middle-class people in affluent cities  —  After a weekend of protests, the authorities in China are using the country's all-seeing surveillance apparatus to find those bold enough to defy them.
Patience Haggin / Wall Street Journal:
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump-start its faltering business  —  Advertisers booking at least $500,000 in incremental spending would be matched, up to a $1 million cap  —  Elon Musk Says Twitter Bankruptcy Is a Possibility.
Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …
More: Reuters
Derek Thompson / The Atlantic:
A look at some implications for generative AI: “answer engines” replacing search engines, AI mastering cognitive tasks by surveilling how experts work, and more  —  This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America's biggest problems.

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More News

Newley Purnell / Wall Street Journal:
Olaf Storbeck / Financial Times:
Richard Waters / Financial Times:

Earlier Picks

Olivia Solon / Bloomberg:
Anil Ananthaswamy / Nature:
Marco Quiroz-Gutierrez / Fortune:
Michael Sheetz / CNBC:
Darrell Etherington / TechCrunch:
James Hale / Tubefilter: