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Health

Health

Google agreed to pay $391.5 million and make changes to its user privacy controls as part of a settlement with a coalition of 40 state attorneys general. The coalition accused Google of misleading customers about location-tracking practices that informed ad targeting.

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Hello, and welcome to Protocol Policy! Today I’m thinking about how quickly things can become nasty in Washington, D.C. — and whether Sam Bankman-Fried’s dealings could accelerate that. Plus, the next Congress is coming into focus, Taiwan tensions are on everyone’s mind at the G20, and Elon Musk thinks he makes the right amount of money.

Before and after


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Good morning, and welcome to Protocol Fintech. This Monday: why crypto firms are publishing proof of reserves and everything you need to know about the FTX collapse.

Off the chain

Crypto is all about transparency and accountability now! I think I read that on Twitter, unless the person who wrote it deleted their tweet, which seems to be happening a lot now. On Thursday, Pershing Square’s Bill Ackman praised then-FTX CEO Sam Bankman-Fried: “I have never before seen a CEO take responsibility as he does here.” Bankman-Fried politely thanked him … and then Ackman removed his tweet. “The problem with Twitter is that it is too easy to tweet,” Ackman then posted. “The good news is that you can recall the missile before it causes too much collateral damage.” FTX customers might define “collateral damage” a little differently here.

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Amazon is planning to lay off thousands of employees, Protocol has learned, ahead of what the company has cautioned will be a slow holiday shopping season.

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The financial technology transformation is driving competition, creating consumer choice, and shaping the future of finance. Hear from seven fintech leaders who are reshaping the future of finance, and join the inaugural Financial Technology Association Fintech Summit to learn more.

Penny Lee, Chief Executive Officer, Financial Technology Association



Financial technology is breaking down barriers to financial services and delivering value to consumers, small businesses, and the economy. Financial technology or “fintech” innovations use technology to transform traditional financial services, making them more accessible, lower-cost, and easier to use.

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