December 8, 2022, 4:45 AM

Top News

Wall Street Journal:
Apple plans to launch Advanced Data Protection, offering E2EE on iCloud backups, Notes, Photos, and more, in the US in 2022 and globally including China in 2023  —  ‘Advanced Data Protection’ will offer end-to-end encryption on iCloud backups, Notes, Photos and other services—a step that may draw ire from law enforcement
Lily Hay Newman / Wired:
Apple won't launch its CSAM detection tool for iCloud photos, instead focusing its anti-CSAM efforts on the Communication Safety features launched in 2021  —  The company plans to expand its Communication Safety features, which aim to disrupt the sharing of child sexual abuse material at the source.
Chance Miller / 9to5Mac:
New York Times:
Sources: US prosecutors are investigating whether Sam Bankman-Fried manipulated TerraUSD and LUNA markets, triggering the cryptocurrencies' collapse in May  —  Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
Kollen Post / The Block:
The US Senate Banking Committee calls on SBF to testify on December 14, one day after a similar House hearing; House lawmakers are also weighing a subpoena  —  - The Senate committee wants Sam Bankman-Fried to testify the day after he's been told to testify in the House of Representatives …
Erin Woo / The Information:
Source: Twitter plans to change Twitter Blue's pricing to $11 per month for iOS users, likely due to Apple's App Store fees, and to $7 per month on the web  —  Twitter has informed some employees that it plans to change the pricing of its Twitter Blue subscription product to $7 if users pay …
Wall Street Journal:
How tensions grew between Salesforce co-CEOs Marc Benioff and Bret Taylor for months; sources say Benioff was frustrated about how Taylor was spending his time  —  Exit of Bret Taylor from role he has shared for about a year wasn't long planned  —  The Tech Sector Is Taking a Beating.  Here's Why.
Jeremy Hill / Bloomberg:
A US bankruptcy judge orders Celsius to return ~$50M crypto deposits in non-interest bearing custody accounts, pending a decision on interest-bearing accounts  —  US Bankruptcy Judge Martin Glenn ordered Celsius Network LLC to return cryptocurrency that never touched the lender's interest-bearing accounts to its customers.
Jordan Novet / CNBC:
The Pentagon awards Amazon, Google, Microsoft, and Oracle cloud contracts worth up to $9B in total through 2028 under the Joint Warfighting Cloud Capability  —  - Of the four companies receiving cloud-computing contracts from the Pentagon, all of them had received requests for bids from the U.S. federal agency last year.
Sources: in January 2018, Alameda took loans worth $116M from Skype co-founder Jaan Tallinn and philanthropist Luke Ding, both backers of “effective altruism”  —  The big money behind Alameda Research, the sister trading firm of crypto exchange FTX, came from two influential backers …
Paul Sawers / TechCrunch:
Drata, which uses automation to help companies adhere to compliance frameworks, raised a $200M Series C led by Iconiq Growth and GGV Capital at a $2B valuation  —  Drata, a security compliance and automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR …
Aisha Malik / TechCrunch:
Instagram expands its Account Status hub to add transparency tools to help users with professional accounts learn if their content is eligible to be recommended  —  Instagram announced today that it's introducing new transparency tools so you can see whether your photos and videos are recommended in the app.
Cecilia Kang / New York Times:
Indiana's AG sues TikTok for allegedly deceiving users on China's data access and for exposing kids to mature content, the first state lawsuits against TikTok  —  The lawsuits are the first by an American state against TikTok, which is owned by the Chinese company ByteDance, in a sign of mounting legal pressure.
Shawna Chen / Axios:
Filings: Masayoshi Son's SoftBank stake grew from 32.2% in end-September to 34.2%, up from 26.7% in March 2019, granting additional rights over mergers and more  —  Masayoshi Son has quietly tightened his grip on SoftBank Group Corp. during a tumultuous market downturn …
Mark Matousek / The Information:
Sources: the SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank's Vision Fund 2 at a $1.17B valuation in June 2021  —  The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws …
Suzanne Smalley / CyberScoop:
The annual US defense policy bill contains significant spending increases for US Cyber Command and other efforts to bolster national cybersecurity defenses  —  Congress is poised to vote in coming days on an $858 billion annual defense policy bill that contains significant spending increases …
More: The Record

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