Techmeme
December 20, 2022, 2:05 AM

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:
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:
Emma Roth / The Verge:
Washington Post:
Source: Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges like conspiracy, fraud, and money laundering  —  Former crypto CEO's decision could expedite the criminal and civil cases against him  —  NASSAU, Bahamas …
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
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.
Claire Boston / Bloomberg:
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 …
Callum Cyrus / Tech.eu:
Germany-based VMRay, which offers advanced threat detection and analysis, raised a $34M Series B led by Tikehau Capital, bringing its total funding to $62M+  —  VMRay is spearheaded by the malware analysis and detection pioneers Dr. Carsten Willems and Dr Ralf Hund.

Sponsor Posts

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The Logan Bartlett Show:
EP 108: Olivier Pomel (CEO, Datadog) Shares Every Lesson From Scaling to $40B
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
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Rosie Perper / CoinDesk:
Vicky Ge Huang / Wall Street Journal:
Stephanie Bodoni / Bloomberg:
Stephen Witt / New Yorker: