December 14, 2022, 11:25 AM

Top News

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.
Jody Serrano / Gizmodo:
Twitter suspends @ElonJet, a popular bot that tracked Elon Musk's private jet, days after its creator accused Twitter of shadowbanning the account  —  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.
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 …
Financial Times:
Sources: the US commerce department plans to put Chinese memory chip maker YMTC on its “entity list” as early as this week, limiting its ability to get US tech  —  YMTC and others may go on ‘entity list’ as early as this week  —  The Biden administration is set …
Mark Gurman / Bloomberg:
Sources: Apple plans to allow third-party app stores on iOS 17 and iPadOS 17 in the EU, due to EU requirements in 2024, including letting users change defaults  —  Apple Inc. is preparing to allow alternative app stores on its iPhones and iPads, part of a sweeping overhaul aimed at complying …
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.
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 …
Meghan Bobrowsky / Wall Street Journal:
As Tesla's stock drops 54%+ 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
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.
Rohan Goswami / CNBC:
Citing Sam Bankman-Fried's flight risk, a Bahamas magistrate judge denies him bail and says he should be remanded to Bahamian custody until February 8, 2023  —  A magistrate judge in the Bahamas on Tuesday denied bail to FTX co-founder Sam Bankman-Fried and said he should be remanded …
Bill Allison / Bloomberg:
Wall Street Journal:
Tether plans to stop using loans denominated in its tether stablecoin throughout 2023, following a report 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.
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 …
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 a murdered Ethiopian professor files a lawsuit against Meta in Kenya, alleging Meta's algorithms promote hateful and violent content for engagement  —  Lawsuit alleges the social media giant is fueling violence and hate across Eastern and Southern Africa.
Spencer Soper / Bloomberg:
A look at Vietnamese supplier Gilimex's lawsuit against Amazon, seeking damages 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 …

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