December 25, 2022, 2:00 PM

Top News

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 …
Faiz Siddiqui / Washington Post:
Twitter employees shed light on Elon Musk's erratic leadership; a Signal message shows Musk wanted “full access” for Bari Weiss, which staff refused to grant  —  Musk's intense focus on his social media company purchase has devolved into the culture wars.  Meanwhile, Tesla is tanking.
Kenneth Li / Reuters:
Twitter restores a feature that promotes suicide prevention hotlines and other safety resources, after removing it reportedly following Elon Musk's order  —  Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content …
Amanda Hoover / Wired:
Mastodon's decentralized nature raises concerns about the legal risks for users hosting instances, which must comply with copyright and privacy laws globally  —  As the niche, decentralized social networking platform rises in popularity, it faces rising costs, culture shifts—and potential legal risks.
Ingrid Lunden / TechCrunch:
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.
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 …
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 …
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.
The 2022 crypto winter showed that the digital asset ecosystem is more interconnected than many participants realized, despite its core decentralization 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.
Ricardo Cano / San Francisco Chronicle:
A new California law effectively bans Tesla and other carmakers from deceptively naming or marketing their semi-autonomous vehicles as full self-driving  —  Use Next and Previous buttons to navigate  —  A Tesla with Full Self-Driving software was reportedly responsible for causing …

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