December 26, 2022, 6:25 AM

Top News

Faiz Siddiqui / Washington Post:
Former Twitter employees and people in Elon Musk's orbit detail his erratic leadership; 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 …
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 …
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:
Shen Lu / Wall Street Journal:
Sensor Tower: Pinduoduo's marketplace Temu app had 10.8M US installations since September 1 and became the most downloaded US app from November 1 to December 14  —  Temu, a marketplace with deep discounts and copious coupons, has become the most downloaded mobile app in the U.S.  — Copy Link
Patrick McGee / Financial Times:
Experts warn of a months-long disruption risk to Apple's iPhone production, operations, and Chinese consumer demand caused by China's latest COVID-19 wave  —  Supply chain experts warn outbreak following reversal of zero-Covid curbs creates uncertainty for iPhone maker
Ricardo Cano / San Francisco Chronicle:
A new California law effectively bans dealers and carmakers like Tesla from “deceptively naming or marketing” semi-autonomous vehicles as full self-driving  —  Use Next and Previous buttons to navigate  —  A Tesla with Full Self-Driving software was reportedly responsible …
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 …
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.
Financial Times:
Internal memo: Xiaomi President Wang Xiang and co-founders Hong Feng and Wang Chuan step down, as the company battles slowing sales amid COVID-19 disruptions  —  China's leading handset maker has suffered Covid disruption at home and regulatory woes abroad  —  Three top executives …
More: Sammy Fans
Current and former CISA employees and sources detail an agency that lacks a clearly defined strategic direction and whose leadership seems more focused on PR  —  When Congress was still trying to understand the full extent of Russia's 2016 election meddling and growing increasingly anxious …

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Naomi Jagoda / Bloomberg:
Lauren Feiner / CNBC:
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