‘Marked to zero’: Paradigm testimony at SBF trial points to investor fraud

The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded investors. Huang testified Thursday that he and his firm were in the dark about a range

What’s at stake in the Supreme Court's landmark social media case

The Supreme Court is poised to decide whether a pair of state laws are allowed to reshape the ability of social media companies to control what does — and doesn’t — appear on their platforms. Last week, the Supreme Court decided that it would hear the pair of cases, which revolve around R

EU lawmakers take aim at ‘arbitrary’ decisions by Big Tech in Media Freedom Act vote

Mainstream social media platforms could face limits on their abity to take down independent journalism that violates their terms and conditions under a proposal agreed by European Union lawmakers yesterday. In a vote Tuesday, the European parliament set its negotiating position for upcoming talks w

US lawmakers ask TikTok about its ByteDance ties after recent exec transfers between the companies

U.S. lawmakers have written a letter to TikTok questioning its independence from its Chinese parent company ByteDance, in the wake of a recent report from The Wall St. Journal that noted that several high-level executives had been transferred from ByteDance to TikTok, where they took on top roles a

The EU is about to adopt a dangerous law with international consequences

The soon-to-be-adopted EU Media Freedom Act could lead to users — particularly marginalized groups who are often targeted with hate speech — facing arbitrary content moderation and discrimination. And with some hoping the law's effects could extend far beyond Europe by changing company poli

Should VCs back the FTC suit against Amazon?

The FTC is not incredibly popular in the tech world today, taking aim at several high-dollar deals and executing vigorous antitrust efforts that could make it harder for the richest companies in tech to snap up smaller rivals. The FTC has continued its hearts-and-minds campaign by filing suit agai

Major Big Tech privacy watchdog in EU set to get two more commissioners soon

Fancy overseeing whether Big Tech is playing by European Union privacy rules? The Irish government has posted job ads for two additional commissioners to lead the Data Protection Commission (DPC), which oversees scores of major tech firms’ compliance with the region’s data protection fr

India gov’t to propose setting up a separate body for vast data management, draft bill shows

With data being considered the new oil, India, the world’s second-largest internet market after China, is looking to establish a dedicated entity to manage the data it generates and set up rules and regulations for non-personal and anonymized personal data. The Indian government plans to prop

What is Amazon’s [redacted] ‘Project Nessie’ algorithm?

The FTC’s lawsuit against Amazon alleging anti-competitive practices is largely full of things we already knew in a general sense: price hikes, pressure to use Amazon fulfillment and so on. But then we get to a sea of redactions and the mysterious “Project Nessie.” What is it, and

FCC announces plans to reinstate net neutrality

Net neutrality is back on the menu, citizens. After a long, long battle ending in eventual defeat during Trump’s presidency, the FCC is set to reinstate rules that broadband providers must treat all traffic equally, giving no sweetheart deals to business partners or their own services. The ef

The FTC just hit Amazon with a major antitrust lawsuit

The Federal Trade Commission made its big move against online shopping giant Amazon on Tuesday, accusing the company of illegally stifling competition on its way to becoming a ubiquitous retail presence and one of the world’s most valuable companies. Attorneys general from 17 states joined th

Intel (re)fined $400M by EU for ‘naked restrictions’ dating back to the noughties

Talk about old news: The European Union has reimposed a fine (totalling €376.36 million) on Intel for antitrust violations dating back decades. Veteran tech watchers may recall the chipmaker was slapped with a much bigger fine, of over a billion euros, by the EU back in 2009 which found Intel had

GGV splits off China business following congressional panel probe

GGV, the 23-year-old U.S. venture capital firm with a storied track record in China, is splitting into two branches as escalating geopolitical tensions continue to push for decoupling between the world’s two superpowers. In an announcement released Thursday morning, GGV, known for its bets on

Google’s big antitrust trial kicks off, with even bigger implications

The Justice Department's landmark antitrust case against Google kicked off in court today, marking the beginning of a trial that will stretch on for months, potentially upending the tech world in the process. At issue is Google's search business. The Justice Department says that Google has