Techmeme
December 19, 2022, 9:00 PM

Top News

Washington Post:
Elon Musk's poll asking “should I step down as head of Twitter?” ends with 57.5% voting yes, after Musk says Twitter polls will determine “major policy changes”  —  After a new policy prompted backlash, Twitter CEO Elon Musk said future policies would be determined by polls
Vlad Savov / Bloomberg:
Elon Musk, in a reply to a tweet suggesting that voting on policy decisions should be restricted to Blue subscribers, says “Twitter will make that change”  —  Twitter Inc. will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk …
Matt Levine / Bloomberg:
Analysis of Elon Musk's reported attempts to raise more money for Twitter via an equity sale at an absurd price, why his successor will be unpopular, and more  —  Oh Elon  —  Imagine taking the job!  Yesterday Elon Musk tweeted a poll asking if he should step down as “head” of Twitter Inc.; …
Tweets: @matt_levine
Dan Primack / Axios:
Sources: some Twitter investors were told Elon Musk would step down after three to six months and are divided on his decisions; any new CEO would report to Musk  —  Twitter's investors have divided into two camps: copacetic and apoplectic. … But investors were told that a transition …
Emma Roth / The Verge:
Wall Street Journal:
Epic Games agrees to pay the FTC $520M to resolve two complaints over allegedly violating COPPA and tricking users into making unintended purchases in Fortnite  —  The agency alleged that the company invaded children's privacy and tricked players of all ages into making unintended purchases
Claire Boston / Bloomberg:
Reuters:
Analysis of Binance filings in 14 jurisdictions: the exchange has opaque operations, does not disclose where Binance.com is based, offers little data, and more  —  The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.
Kurt Wagner / Bloomberg:
Meta CTO Andrew Bosworth says the company plans to devote ~20% of its costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022; META is down ~66% YTD  —  Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023 …
Rosie Perper / CoinDesk:
Yuga Labs, which develops the BAYC NFTs, names former Activision Blizzard President and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz  —  The Bored Ape parent company said Alegre's previous gaming experience will help advance the brand's Otherside metaverse and propel …
Stephanie Bodoni / Bloomberg:
The European Commission sends Meta a statement of objections for alleged antitrust breaches over tying Marketplace to Facebook and imposing unfair trading terms  —  Meta Platforms Inc. was hit with a complaint from European Union antitrust watchdogs over concerns it's unfairly squeezing …

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Vicky Ge Huang / Wall Street Journal:
Todd Spangler / Variety:
Brian Fung / CNN:
Bloomberg: