Techmeme
December 24, 2022, 9:00 AM

Top News

Reuters:
Plea hearing court transcript: Caroline Ellison said she and Sam Bankman-Fried knowingly misled investors, lenders, and customers that Alameda borrowed from FTX  —  Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research …
Reuters:
Sources: Elon Musk had Twitter remove safety resources related to suicide, child sexual exploitation, and more; Twitter says they will return after a revamp  —  Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking …
Naomi Jagoda / Bloomberg:
After pushback, the IRS delays requiring e-commerce apps such as Venmo, PayPal, Cash App, and Etsy to send tax forms to small businesses with $600+ transactions  —  The Internal Revenue Service is delaying a requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy …
Bloomberg:
The 2022 crypto winter showed the digital asset ecosystem is more interconnected than many participants realize, despite decentralization being a core tenet  —  As 2021 came to a close, crypto enthusiasts were brimming with optimism.  After all, it had been a banner year: Nonfungible tokens, or NFTs, had crossed into the mainstream.
Bloomberg:
The FTC orders Mastercard to give its rivals customer data for processing debit card payments, alleging Mastercard used tokenization to block competing networks  —  The Federal Trade Commission ordered Mastercard Inc. to start providing its competitors with customer account information …
Wayne Ma / The Information:
A look at the challenges Apple's chip group faces; sources: Apple cut the iPhone 14 Pro's next-gen GPU with ray tracing to avoid battery and overheating issues  —  For more than a decade, Apple's silicon engineering group has helped give Apple a competitive edge in smartphones and laptops.
Lauren Feiner / CNBC:
Congress passes a $1.7T spending package, including a bill banning TikTok on federal government devices, but fails to pass many aggressive bills targeting tech  —  - Congress passed a large spending package that includes a bill banning TikTok from being used on government devices.
Ingrid Lunden / TechCrunch:
An interview with Mastodon CEO Eugen Rochko on scaling the network, plans for a split revenue model “like Mozilla's” and no ads, talking to investors, and more  —  Is federated really the future?  —  Twitter is in crisis these days.  Under new owner Elon Musk …
Nate Raymond / Reuters:
Filing: Meta agrees to pay $725M to settle a class-action lawsuit accusing the company of letting third parties including Cambridge Analytica access users' data  —  Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing …
Ivan Mehta / TechCrunch:
Twitter Blue subscribers can now upload up to 2GB, 60-minute 1080p videos on the web; iOS and Android users are still limited to 512MB, 10-minute 1080p videos  —  After taking over Twitter, Elon Musk had long promised that the company is working toward making the platform more appealing to video creators.
Amanda Silberling / TechCrunch:

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