December 19, 2022, 4:00 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 said Twitter polls will decide “major policy changes”  —  After a new policy prompted backlash, Twitter CEO Elon Musk said future policies would be determined by polls
More: Bloomberg, Washington Post, Bloomberg, Los Angeles Times, Insider, London Evening Standard, Associated Press, The Verge, New York Times, Pure Xbox, Gizmodo, ABC News, Reuters, The Week, Silicon Valley Business …, New York Times, Fortune, Social Media Today, Newser, Financial Times, CNN, Axios, AfroTech, CNBC, Android Central, Wall Street Journal, Miss Libertarian, New York Post, Variety, Gizmodo, Insider, Engadget, Cryptopolitan, The Hollywood Reporter,, WRAL TechWire, Semafor, SlashGear, City A.M., VICE, The Guardian, and The Block
Brian Fung / CNN:
Twitter deletes @TwitterSupport's thread and a policy webpage detailing its new policy to prevent accounts from promoting other social media platforms  —  Twitter deleted its controversial new policy on Sunday evening that had banned links to certain other social media platforms …
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; a new CEO would report to Musk  —  Twitter's investors have divided into two camps: copacetic and apoplectic. … But investors were told that a transition …
Twitter Safety:
Emma Roth / The Verge:
Wall Street Journal:
Epic Games agrees to pay the FTC $520M to resolve two complaints over allegedly breaking kids' online privacy rules and tricking users into unintended purchases  —  The agency alleged that the company invaded children's privacy and tricked players of all ages into making unintended purchases
Analysis of Binance filings in 14 jurisdictions: the exchange has opaque operations, does not disclose where 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.
Casey Wagner / Blockworks:
Claire Boston / Bloomberg:
Binance.US agrees to acquire Voyager Digital's assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5  —  Binance.US will buy Voyager Digital's assets out of bankruptcy in a deal worth $1.022 billion.  —  Voyager selected Binance.US as the highest …
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 …
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 …
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 …
Vicky Ge Huang / Wall Street Journal:
Investor letter: Grayscale CEO Michael Sonnenshein details options if its Grayscale Bitcoin Trust's ETF plans fail, including a tender for outstanding shares  —  Michael Sonnenshein attempts to assuage fears of Grayscale Bitcoin Trust investors after collapse of FTX

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