| CNBC: |
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited — - The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney … | U.S. House Committee on Financial Services: |
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more — Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today.| Reuters: |
Sources: US prosecutors are split on charging Binance and its executives over money laundering and sanctions violations and have discussed potential plea deals — Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation … | Laura Forman / Wall Street Journal: |
Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in Oct. and 85% in Nov., the largest drop since Musk's takeover; the trend continues in Dec. — Elon Musk is leading with narrative at Twitter. Don't lose sight of the dollars and sense. — Elon Musk's Unconventional Management Style: Former Employees Share Stories| Urvi Dugar / Reuters: |
| Platformer: |
Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in an attempt to rid Twitter of spam — PLUS: Why it's time to start leaving Twitter behind — On Sunday, Elon Musk tweeted a vague warning: “the bots are in for a surprise tomorrow.”| Lawrence Abrams / BleepingComputer: |
Some Uber employee records, corporate reports, and IT information leak online; Uber says it thinks the data is related to a breach of a third-party vendor — Uber has suffered a new data breach after a threat actor leaked employee email addresses, corporate reports, and IT asset information stolen … | Cat Zakrzewski / Washington Post: |
Email: Twitter dissolves its Trust and Safety Council, saying it isn't “the best structure” for “external insights into our product and policy development work” — Meanwhile, a former top Twitter official fled his home amid attacks following Musk tweets| Jonathan Weil / Wall Street Journal: |
Mazars' Binance “proof of reserve” report covers only some assets and liabilities and doesn't vouch for the numbers or assess internal reporting controls — Crypto exchange has begun releasing data to shore up confidence following collapse of FTX — Crypto's Crash Has Been Swift but Largely Self-Contained.| André Beganski / Decrypt: |
| Ingrid Lunden / TechCrunch: |
Israel-based game developer Playtika lays off about 15% of its staff, or 600+ workers, and removes three titles from the pipeline; its stock is down ~53% YTD — Playtika, the Israeli tech company that made its name through a series of wildly successful online gambling and gaming titles … | Bloomberg: |
Sources: the Netherlands and Japan agree in principle to join the US in tightening chipmaking exports to China and limit its ability to obtain advanced chips — Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced chipmaking machinery to China … | Jordan Novet / CNBC: |
Oracle reports Q2 revenue up 18% YoY to $12.28B, vs. $12.05B est., cloud services revenue up 14% YoY to $8.6B, and health data provider Cerner revenue of $1.5B — - Oracle reported better-than-expected results in the fiscal second quarter, as cloud infrastructure revenue jumped.| Jordan Middler / Video Games Chronicle: |
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard deal to “protect its dominance on the console” and to grow by “making Xbox smaller” — In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO … | Bloomberg: |
Microsoft acquires a 4% stake in the London Stock Exchange, valued at ~£1.6B, as part of a 10-year deal in which LSEG plans to spend $2.8B+ on cloud services — Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.
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| Adam Serwer / The Atlantic: |
| Yuvraj Malik / Reuters: |
| Jules Wang / Android Police: |
| Bloomberg: |