| Reuters: |
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; judge grants bail with a $250M bond and custody at his parents' CA home — Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse … | U.S. Securities and Exchange Commission: |
| Washington Post: |
The SDNY says ex-Alameda CEO Caroline Ellison and FTX CTO Gary Wang pleaded guilty to federal charges, both are cooperating, and releases them on a $250K bond — Caroline Ellison and Gary Wang helped disgraced crypto mogul divert funds and are now aiding prosecutors| Sam Reynolds / CoinDesk: |
The SEC's complaint against Caroline Ellison and Gary Wang says FTX's FTT token is a security as it was sold as an investment contract — Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.| Wall Street Journal: |
YouTube acquires NFL Sunday Ticket residential rights for seven years, starting in 2023, sources say for ~$2B per year; DirecTV reportedly currently pays $1.5B — Video streamer to pay annual fee of roughly $2 billion under seven-year deal — Created with sketchtool.| Cecilia Kang / New York Times: |
An internal ByteDance investigation finds a few employees accessed data on US TikTok users, including two reporters, while trying to find sources for a story — The company's internal investigation showed that workers also obtained data on a small number of other U.S. users.| Amanda Silberling / TechCrunch: |
Twitter begins rolling out public view counts for tweets, expanding on video view counts and analytics; Elon Musk says they will show how “alive Twitter is” — Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms like YouTube … | Brayden Lindrea / Cointelegraph: |
Twitter rolls out $Cashtags, offering stock, ETF, and crypto prices within search results using data from TradingView, along with a View on Robinhood link — Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.| Alex W. Palmer / New York Times: |
How ByteDance and TikTok, which owe their existence to intermingled Western and Chinese ideas, capital, and people, became entangled in the US-China rift — A Chinese app conquered the planet — and now the U.S. is threatening to shut it down. Can the world's biggest virality machine survive?| Wall Street Journal: |
Pathmatics: about 70% of Twitter's top 100 ad spenders before Elon Musk's takeover were not spending on the service as of the week ending December 18 — Executives are promising big incentives and new technology while also trying to explain the actions of their new owner| Mike Masnick / Techdirt: |
Mastodon, nostr, and other decentralized social networks are having a moment, despite some complexity, propelled by the apparent decline of Twitter and Meta — So, it's been quite a year for legacy, centralized social media — and all without any really big change to the laws that govern it … | New York Times: |
Sources: OpenAI releasing ChatGPT led Google to declare a “code red”, including reassigning teams to respond to the threat ChatGPT poses to its search business — A new wave of chat bots like ChatGPT use artificial intelligence that could reinvent or even replace the traditional internet search engine.| Bloomberg: |
Sources: at a town hall, Tencent CEO Pony Ma ranted for 10 minutes about staff laziness, graft, “superficial” reforms, Tencent's aging social network, and more — Many multinational CEOs like to close out the year with a message of congratulations.| Alex Thompson / Politico: |
Investigation: Eric Schmidt helps fund the salaries of over 24 Biden administration officials through the Federation of American Scientists and Schmidt Futures — Eric Schmidt, the former CEO of Google who has long sought influence over White House science policy, is helping to fund … | Bill Toulas / BleepingComputer: |
Reports: an Android malware called Godfather is using overlaid login screens to get users' credentials on 400+ banking apps and crypto exchanges in 16 countries — An Android banking malware named ‘Godfather’ has been targeting users in 16 countries, attempting to steal account credentials … | Stuart A. Thompson / New York Times: |
Analysis of 1,000 reinstated Twitter accounts: most are deeply partisan, vocal Trump supporters, and spread COVID-19, election fraud, and QAnon misinformation — Many reinstated users are tweeting about topics that got them barred in the first place: Covid-19 skepticism, election denialism and QAnon.| Jean Eaglesham / Wall Street Journal: |
The SEC's Paul Munter says the regulator is increasing scrutiny of the work audit firms are doing for crypto companies and warns investors to be “very wary” — Regulator concerned about cryptocurrency companies overstating audit firms' narrow reports| Steve Dent / Engadget: |
Google open sources privacy-enhancing tech that blurs objects in a video and that lets developers work on encrypted data without accessing personal information — Google has announced that two of its latest privacy-enhancing technologies (PETs), including one that blurs objects in a video … | Jennifer Elias / CNBC: |
Internal documents detail Google's new performance review process, estimating 6% of full-time employees will get low ratings starting in 2023, versus 2% before — - Google has released new details of its performance system overhaul and it shows employees will more easily fall into lower-rated categories.
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| Tonya Riley / CyberScoop: |
| Ax Sharma / BleepingComputer: |