203 – Breaking News & Latest Updates 2026
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Richard Lawler

Richard Lawler

Senior News Editor

Senior News Editor

    More From Richard Lawler

    Richard Lawler
    Richard Lawler
    FTX-backed decentralized crypto exchange Serum declares itself “defunct.”

    As The Block points out, the fall of FTX has also caused a collapse in the now-defunct Serum DeFi exchange, a project backed by FTX, Alameda Research, and the Solana Foundation.

    Update authority for its code was held by insiders at FTX, which has left developers unable to address known security risks.

    Now the project is promoting a community fork called OpenBook, and says the future of its SRM token — which once had a market cap of over $1 billion but is now down to around $60 million — is “uncertain.”

    Richard Lawler
    Richard Lawler
    Faraday Future has a new CEO.

    Former Verge senior reporter and current Bloomberg scribe Sean O’Kane points out that California EV company Faraday Future replaced Carsten Breitfeld as its CEO, appointing Xuefeng (“XF”) Chen. The board says it has requested Mr. Brietfeld tender his resignation, but there’s no indication that has actually occurred.

    Faraday has most recently been seen building a “production intent” version of its FF91 before eventually delaying the car’s launch... again.

    Breitfeld, who previously made a complicated exit from Chinese EV startup Byton, spoke extensively to Sean about his plans for Faraday Future when he took over in 2019.

    Richard Lawler
    Richard Lawler
    Green light.

    Hello to everyone returning from a holiday break and to anyone who worked through it. Our deals team is continuing to drop in Cyber Monday sales that you might find interesting (including one on Verge merch), and Elon is... still tweeting.

    Other recent news you may have missed:

    Victoria Song says the Peloton Row can’t justify its nearly $3,200 price.

    A flood of Twitter spam is trying to hide info about protests in China.

    Emma Roth talked to the original Voice of TikTok.

    The Genesis G80 is electric but a bit basic.

    Richard Lawler
    Richard Lawler
    Don’t forget.

    While some manufacturers have made it easier to disable motion smoothing on new TVs since Tom Cruise made his heartfelt plea (and built in Filmmaker Mode), it’s on by default for far too many screens.

    If you’re stuck watching a TV with that soap opera effect, our how-to guide can get you started on finding the off switch, even if some TV manufacturers have recently changed the name of the setting (for example, many new Samsung TVs can turn all the processing off with one toggle now).

    Richard Lawler
    Richard Lawler
    Keep waiting, Tidal subscribers.

    A year and a half after Jack Dorsey’s non-Twitter venture bought a significant stake in Tidal, I still don’t understand why it makes sense to combine a financial services company with a music service.

    But, while musing about the potential of another mobile OS, Dorsey tells The Verge editor and reviewer Chris Welch, that unspecified changes are “coming soon.”

    How soon? Who knows, but probably before Spotify adds lossless HiFi streaming.

    Richard Lawler
    Richard Lawler
    “Horizon Workrooms is bad.”

    If you haven’t listened to this week’s episode of The Vergecast yet or read Adi Robertson’s review of the Meta Quest Pro headset, that line about sums it up.

    On the other hand, can you afford to miss Meta’s Notorious B.I.G. “VR concert experience” on December 16th?

    It’s unclear exactly what that will be like, but this blog post makes the point that maybe Meta could have focused on living artists. It points out several who already perform VRChat, and other platforms that succeed in ways the Horizon environments haven’t yet.

    Richard Lawler
    Richard Lawler
    Is Taylor Swift the one to take down Ticketmaster?

    But now it’s bringing renewed attention to the combined market power of Ticketmaster and its parent company Live Nation Entertainment. The New York Times reports the DOJ has opened an antitrust investigation.

    One way or another, the story isn’t over — you can keep up with the updates as they come in right here.

    Richard Lawler
    Richard Lawler
    Twitter’s now-former head of Trust and Safety predicts what’s next for its “custodians of the internet.”

    In this op-ed, Yoel Roth examines why he left Twitter last week (because all decisions now lie with one person, Elon Musk) and the hellish rules about content moderation Musk will have to navigate, whether made by regulators or the planned moderation council.

    But, as Roth explains, the most notable check on Elon’s “unilateral edict” and free speech platitudes may be Apple and Google:

    Twitter will have to balance its new owner’s goals against the practical realities of life on Apple and Google’s internet — no easy task for the employees who have chosen to remain. And as I departed the company, the calls from the app review teams had already begun

    Richard Lawler
    Richard Lawler
    If you (still) work at Twitter and you can code, head to the HQ now.

    How many people took their new boss’s offer and quit their jobs at Twitter last night?

    We don’t have a number to put on that, but Alex Heath has this email that was just sent from Elon Musk to Twitter’s software engineers.

    Anyone who actually writes software, please report to the 10th floor at 2pm today.

    Before doing so, please email me a bullet point summary of what your code commits have achieved in the past ~6 months, along with up to 10 screenshots of the most salient lines of code.

    Thanks,

    Elon

    The strangest part of all this is that just 18 hours ago, Twitter told employees that all office buildings will be closed until the 21st. But maybe they could really use the help.