December 19, 2022, 1:50 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
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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 …
After Elon Musk said polls will decide major new policies, @TwitterSafety posts a poll on whether accounts primarily promoting other platforms should be allowed  —  Should we have a policy preventing the creation of or use of existing accounts for the main purpose of advertising other social media platforms?
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: Binance's filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where is based, offer 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:
Joanna Ossinger / Bloomberg:
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 names former Activision Blizzard president and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz; Yuga develops the BAYC NFTs  —  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 overall costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022  —  Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023 …
Vicky Ge Huang / Wall Street Journal:
Investor letter: Grayscale CEO Michael Sonnenshein details options if the 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
Stephanie Bodoni / Bloomberg:
The European Commission sends Meta a statement of objection for possible 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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