FTC data: three crypto super PACs have spent $82M in 19 races, including $40M in Ohio and $10M in Arizona; the ads focus on candidates and rarely mention crypto
Super PACs funded by the crypto industry are pouring massive amounts into congressional races, and not a single ad actually mentions crypto.
Meta sues the FTC, claiming its in-house trials violate the US Constitution, and asks a court to halt the agency's bid to change a $5B privacy fine from 2020
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
Sources: DOJ cleared its antitrust chief Jonathan Kanter to oversee probes involving Google; Google had sought his recusal, citing his work with Yelp and others
Assistant Attorney General Jonathan Kanter's involvement had been paused and the Alphabet unit sought his recusal
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
- The SEC charged both Gemini and Genesis with unregistered offering and sale of securities to retail investors, some of who were in the U.S.
FTC sues app analytics and data broker Kochava for selling data revealing visits to reproductive health clinics, places of worship, homeless shelters, and more
Elon Musk, who wanted to “defeat the spam bots”, is lying when he says bots are why he's backing away from buying Twitter at $54.20/share, amid stocks' downturn
Matt Levine / Bloomberg :
Twitter's board says it intends to “close the transaction” at the agreed price and “enforce the merger agreement”
New York CNN Business — … Who wants to own Twitter? Maybe Elon Musk doesn't. Sure, maybe he is causing chaos to extract a lower price from the Twitter board …
Amazon is emailing some third-party merchants warning them that Congress' proposed antitrust reforms could limit their ability to sell on Amazon
Sources: Microsoft's board decided in 2020 Gates should leave the board as it probed claims Gates sought to initiate an affair with a Microsoft engineer in 2000
Some Microsoft directors began an investigation in 2019 into woman's allegations of prior sexual relationship with Bill Gates …
Sources: Biden is struggling to fill DOJ's antitrust chief role, due to a White House ethics pledge that may affect candidates who represented Big Tech critics
Leah Nylen / Politico :
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs
Mike Isaac / New York Times :
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs
Facebook is working on newsletter tools for journalists and writers, according to three people familiar with the company's plans …
Avaaz study: a small group of mostly right-wing Facebook accounts are responsible for the spread of a disproportionate amount of false posts about voter fraud
Researchers have found that a small group of social media accounts are responsible for the spread of a disproportionate amount of the false posts about voter fraud. Tweets: @digiph...
Sources: after the election, Zuckerberg agreed to temporarily tweak Facebook's algorithm to make authoritative news like CNN and NYT appear more prominently
Good morning! This Wednesday, markets are booming … Charlesarthur / The Overspill : Start Up No.1437: new Honor phones to struggle for chips, UK government accused of blocking FOI...
In an internal memo, FTC exec director said the agency will cut costs, freeze hiring, and lower IT spending, even as Congress pushes for action against Big Tech
Alex Kantrowitz / Big Technology : Tweets: @kantrowitz , @wbm312 , @wbm312 , @jeffhauser , @wbm312 , @jesselehrich , @lam_barrett , and @kantrowitz Tweets: Alex Kantrowitz / @kant...