November, 10 2022

🍿 New John Wick Trailer

The trailer for the fourth installment of the \"John Wick\" movies starring Keanu Reeves dropped today. The film will hit theaters in March, 2024.

💻 Twitter CISO Resigns

The chief information security officer of Twitter, Lea Kissner, has resigned from the company, alongside the chief compliance officer, Marianne Fogarty, and chief privacy officer, Damien Kieran. It is unclear who is in charge of information security on the platform now.

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💻 Sequoia Capital Writes Down FTX

Sequoia Capital announced in a letter to its limited partners that it is writing down the value of its $214 million investment in the cryptocurrency exchange FTX to $0.

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🍿 More Than Rainn

Actor Rainn Wilson from \"The Office\" announced that he had changed his name to Rainnfall Heat Wave Extreme Winter Wilson to raise awareness for climate change.

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⚖️ DC AG Sues Commanders

The Attorney General of Washington D.C. announced he is suing the Washington Commanders and the NFL for lying about a \"toxic culture of sexual harassment\" in the team's management. NFL commissioner Roger Goodell was also named in the suit.

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💻 Binance Backs Out

The crypto exchange Binance backed out of its commitment to buy FTX, leaving FTX on the brink of collapse.

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⚖️ More Bad News For Alex Jones

A judge has ordered conspiracy theorist Alex Jones to pay an additional $473 million to families of the Sandy Hook shooting, on top of the $1 billion Jones already owes the families. The judge also ordered that Jones's assets be frozen.

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💻 FTX Reports Shock Regulators

New reports about the dealings behind the scenes at FTX have shocked regulators and customers alike. A new report showed that the company used $10 billion in customer funds to prop up owner Sam Bankman-Fried's trading firm.

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💻 Sports Twitter Suffers

The new verification policy on Twitter is causing chaos on Sports Twitter as accounts newly endowed with verification badges are spreading all sorts of false information.

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🍿 Netflix Live With Chris Rock

Netflix announced that it will host its first live-streamed comedy special from Chris Rock in early 2023.

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The context
Senator Lindsey Graham testifies before a Fulton County, Georgia, grand jury about his involvement in former president Donald Trump's efforts to overturn the results of the 2020 presidential election.
Politics
Tuesday, November 22, 2022

Graham Finally Testifies in Georgia

Senator Lindsey Graham testifies before a Fulton County, Georgia, grand jury about his involvement in former president Donald Trump's efforts to overturn the results of the 2020 presidential election.
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Graham testifies

  • Senator Lindsey Graham testified before a Fulton County, Georgia, grand jury investigating attempts to interfere with the results of the 2020 presidential election today.
  • Graham spent months trying to avoid the subpoena from the grand jury before finally testifying today after the Supreme Court rejected an emergency filing from Graham.
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After all

  • Graham was one of Donald Trump's closest allies in Congress.
  • The subpoena issued by the grand jury asked for his testimony about attempts to interfere with Georgia's election results and a scheme to "find" additional votes for Trump.
  • The grand jury questioned Graham about calls he made to Georgia's secretary of state, Brad Raffensperger.
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The context
The FTC is seeking to block Meta from acquiring the virtual reality fitness platform, Within. The FTC claims that Meta killed in-house plans to develop a VR fitness app in favor of buying Within.
Technology
Tuesday, November 22, 2022

FTC Tells Meta to Look Within

The FTC is seeking to block Meta from acquiring the virtual reality fitness platform, Within. The FTC claims that Meta killed in-house plans to develop a VR fitness app in favor of buying Within.
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No competition here

  • The FTC says that Meta killed plans to design and build its own virutal reality fitness app, instead deciding to poach talent from Within and eventually make an offer to buy the already established virtual reality fitness app maker.
  • The FTC is arguing that the acquistion violates federal antitrust laws because it will decrease competition within the virtual reality fitness market.
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States agree

  • Twenty-three states support the FTC motion to stop Meta from acquiring virtual reality content maker Within.
  • The case argues that the deal would harm industry competition and consumers.
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The context
A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
Entertainment
Tuesday, November 22, 2022

Texas Regulator Tackles Celebs Who Endorsed FTX

A Texas regulator has opened a probe into Tom Brady, Steph Curry, and other athletes who promoted the now-bankrupt cryptocurrency exchange, FTX.
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Probe opens

  • While little federal regulation exists about the status of cryptocurrencies, state securities laws could be an avenue to reprimand celebrities for hawking crypto.
  • Celebrities heavily promoted FTX, and its downfall could be the biggest lesson yet about the legal risks of endorsing cryptocurrency coins or companies.
  • The SEC has pursued legal action against other celebrities for similar endorsements, including fining Kim Kardashian $1.26 million for promoting a crypto token on her Instagram.
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Celebs on notice

  • The Texas State Securities Board began investigating FTX last month to determine whether state residents were dealing in unregistered securities by buying and selling yield-bearing cryptocurrency coins or tokens.
  • When the company filed for bankruptcy on November 11th, the board expanded its probe to investigate celebrities like Tom Brady and Steph Curry, who promoted the exchange to uninformed and vulnerable fans.
  • The probe will look at what FTX told the promoters to say about the exchange, what they were paid, and what they told fans
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