December 14, 2022, 1:00 PM

Top News

Jody Serrano / Gizmodo:
Twitter permanently suspends @ElonJet, a bot that tracked Elon Musk's jet, after its creator said Twitter shadowbanned it; Musk said he would not ban the bot  —  Days after @ElonJet accused Twitter of shadowbanning, it's been suspended.  Musk had said he wouldn't ban the account even though it was a “safety” risk for him.
Jack Dorsey / Revue:
Responding to the “Twitter Files”, Jack Dorsey criticizes attacks on Twitter staff, advocates for an open social media protocol, and commits $1M/year to Signal  —  By subscribing, you agree with Revue's Terms of Service and Privacy Policy and understand that jack's will receive your email address.
Sources: Twitter is considering forcing all users to opt in to personalized ads and share their location data but may let Blue users opt out of personalized ads  —  Agree to personalize your ads — or else  —  A month ago, when Elon Musk's Twitter first set out to revamp the Twitter Blue subscription …
New York Times:
Sources: Twitter stopped paying rent on offices and is considering not paying severance packages to cut costs, as its top lawyer Alex Spiro leaves the company  —  Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.
Matt Levine / Bloomberg:
SBF's “carelessness” fraud defense, after misrepresenting risk management and funneling customer money to Alameda, is a confession the SEC sees straight through  —  Oh Sam  —  I.  —  Here is how you run a futures exchange:  — You offer some bets on some propositions, say, whether Bitcoin will go up or down.
Financial Times:
Sources: Alibaba will not be able to buy Arm's high-performance Neoverse V chips, after Arm concludes that the US and UK would not approve its export to China  —  Alibaba among groups unable to purchase top designs  —  Alibaba, the Chinese tech giant, cannot buy some of the most advanced chip designs …
Jay Peters / The Verge:
Tesla rolls out an update, adding support for Steam on 2022 Model S and X vehicles or newer with 16GB RAM, Apple Music, Light Show, and more  —  Tesla's new “Holiday Update” adds a few long-awaited new features, including the ability to play games from Steam in your car and support for Apple Music.
Meghan Bobrowsky / Wall Street Journal:
As Tesla's stock drops ~60% in 2022, on pace for its worst year on record, investors criticize Elon Musk's involvement in Twitter and his lack of focus on Tesla  —  Supporters of Tesla and Musk are asking questions about who is running the electric-vehicle maker
Memo: Changpeng Zhao tells Binance staff to expect a “bumpy” several months but the exchange “will survive any crypto winter”, following massive withdrawals  —  Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao warned his colleagues to expect tough months ahead …
Kat Tenbarge / NBC News:
The SEC charges eight influencers with securities fraud, alleging they used Twitter and Discord to manipulate stocks from January 2020 as part of a $100M scheme  —  The Securities and Exchange Commission has charged eight influencers with securities fraud, the agency said Wednesday.
Bill Allison / Bloomberg:
The DOJ charges SBF with violating campaign finance laws, creating a showdown over what may be the biggest illegal infusion of money into US politics in decades  —  Sam Bankman-Fried, the second biggest Democratic donor in the 2022 election cycle, is charged with violating campaign finance laws …
Rohan Goswami / CNBC:
Wall Street Journal:
Tether plans to stop secured loans issued and denominated in its tether stablecoin at some point in 2023, after WSJ reported on the potentially risky practice  —  The rapid growth of Tether's lending program raised concerns about its ability to meet redemptions in a crisis  —  Created with sketchtool.
Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.
An investigation details the global supply chain that continues to offer Russia access to Western components and electronics, including from Intel and AMD  —  In March this year, a new firm appeared in Turkey's corporate registry.  Azu International Ltd Sti described itself as a wholesale trader …
Naomi Nix / Washington Post:
The son of an Ethiopian professor murdered in November 2021 sues Meta in Kenya, alleging Facebook algorithms promote hateful and violent content for engagement  —  Lawsuit alleges the social media giant is fueling violence and hate across Eastern and Southern Africa.
Lauren Feiner / CNBC:
US lawmakers introduce legislation that aims to ban TikTok or any social media company in, or under the influence of, China, Russia, and other US adversaries  —  - A new bill from a bipartisan group of lawmakers would ban TikTok in the U.S.  — The bill comes after years of broad concern across …
Spencer Soper / Bloomberg:
A look at Vietnamese supplier Gilimex's lawsuit against Amazon, seeking $280M over investing heavily in manufacturing facilities before Amazon cut its orders  — Inc. faces a $280 million lawsuit from a Vietnamese manufacturer of warehouse storage systems that alleges …
Igor Bonifacic / Engadget:
Twitter plans to shut down newsletter platform Revue on January 12, 2023 and delete all data, after acquiring the company in January 2021  —  One day after Jack Dorsey took to Revue to share his thoughts on the Twitter Files, the company announced it would shut down the newsletter platform early next year.

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