| Reuters: |
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home — Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse … | Washington Post: |
The SDNY says ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang pleaded guilty to federal charges, both are cooperating, and releases them on $250K bonds — Caroline Ellison and Gary Wang helped disgraced crypto mogul divert funds and are now aiding prosecutors| U.S. Securities and Exchange Commission: |
| Sam Reynolds / CoinDesk: |
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and 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.| Cecilia Kang / New York Times: |
ByteDance fired four employees after finding in a probe they accessed data on US TikTok users, including reporters, while trying to learn the sources of a story — The company's internal investigation showed that workers also obtained data on a small number of other U.S. users.| Zack Whittaker / TechCrunch: |
LastPass says a threat actor stole a backup copy of its customers' encrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022 — Password manager giant LastPass has confirmed that cybercriminals stole its customers' encrypted password vaults … | Amanda Silberling / TechCrunch: |
Twitter begins rolling out publicly visible tweet view counts, expanding on private analytics; Elon Musk says view counts will help show how “alive Twitter is” — Twitter is rolling out a feature that shows how many people view your tweets, similar to features on platforms … | Brayden Lindrea / Cointelegraph: |
Twitter improves its $Cashtags to include stock, ETF, and crypto price charts sourced from TradingView within its search results, plus a View on Robinhood link — Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.| Wall Street Journal: |
YouTube buys NFL Sunday Ticket's residential rights for seven years, sources say for ~$2B/year; DirecTV paid $1.5B/year for residential and commercial rights — Video streamer to pay annual fee of roughly $2 billion under seven-year deal — Created with sketchtool.| Reuters: |
Sources: aiming to appease the US government, TikTok offers to operate more of its business at arm's length and allow more outside scrutiny by Oracle and others — Popular short-video app TikTok is offering to operate more of its business at arm's length and subject it to outside scrutiny … | 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 … | Joanna Ossinger / Bloomberg: |
Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021 — Cryptocurrency exchange Bullish and special-purpose acquisition company Far Peak Acquisition Corp. have called off their planned merger.| 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.| Mike Masnick / Techdirt: |
Mastodon, Nostr, and other decentralized social networks are having a moment despite their complexity, thanks to the rich and out of touch Twitter and Meta CEOs — 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 … | Alfred Ng / Politico: |
The Privacy Act, passed in 1974, prevents sharing citizens' data between US agencies, forcing the government to use data brokers and pay them millions per year — How an old privacy law and new security demands force Washington to rely on an industry in the crosshairs.| Wall Street Journal: |
Pathmatics: ~70% of Twitter's top 100 ad spenders before Elon Musk's takeover weren't spending as of the week ending December 18; 89% of 2021 revenue was ads — Executives are promising big incentives and new technology while also trying to explain the actions of their new owner| 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 … | Bloomberg: |
Sources: at a town hall, Tencent CEO Pony Ma ranted for 10 minutes about lazy staff, graft, “superficial” reforms, the company's aging social network, and more — Many multinational CEOs like to close out the year with a message of congratulations.
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| New York Times: |
| Tonya Riley / CyberScoop: |
| Ax Sharma / BleepingComputer: |