December 23, 2022, 9:30 PM

Top News

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 user data  —  Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing …
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 …
Emily Baker-White / Forbes:
ByteDance fired four employees after finding that they had accessed data on US TikTok users, including reporters, while trying to learn the sources of a story  —  ByteDance confirmed it used TikTok to monitor journalists' physical location using their IP addresses, as first reported by Forbes in October.
Wayne Ma / The Information:
A look at challenges facing Apple's semiconductor group; sources: Apple cut a next-gen GPU with ray tracing from iPhone 14 Pro due to battery and thermal issues  —  For more than a decade, Apple's silicon engineering group has helped give Apple a competitive edge in smartphones and laptops.
Court transcript from plea hearing: Caroline Ellison said she and Sam Bankman-Fried knowingly misled lenders about how much Alameda was borrowing from FTX  —  Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research …
Naomi Jagoda / Bloomberg:
After pushback, the IRS delays a requirement for e-commerce platforms, including Venmo and PayPal, 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 …
The FTC orders Mastercard to provide customer data to its competitors for 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 …
New York Times:
A look at Microsoft's “nice guy” strategy to close its Activision deal; sources: Microsoft hopes to win over EU regulators, which could force the US to settle  —  Federal regulators have sued to block the $69 billion acquisition, but the company has settled on a path forward and is preparing to force the issue.
Sarah E. Needleman / Wall Street Journal:
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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