As a way of dragging its heels in the FTC’s ongoing case to un-merge Facebook and Instagram, Meta is trying to get as much court-ordered information as it possibly can on rivals like Snapchat and TikTok.
The threat here is less that Meta will discover Snapchat’s secret sauce, and more that this (and a dozen other motions) will overwhelm the FTC’s ability to properly try the case with its existing resources.
Twitter’s abandoned plan for an OnlyFans competitor is not popular with Republicans.
The New York Times has a great data piece tracking all the stock trades by sitting members of Congress. In one of the more eye-popping finds, Sen. Hickenlooper (D-CO) sold more than $250,000 in Meta stock just three weeks after his committee heard testimony from Facebook whistleblower Frances Haugen.
To be clear, none of this is against the rules — but maybe it should be.
It’s still very, very easy to create a fake news account and spread a bogus report. Seems bad!
The Washington Post lays out some early steps in the long slow path to writing actual cryptocurrency regulations — which probably won’t come until the very end of Biden’s term, if they come at all.
[Washington Post]
