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Techmeme
June 17, 2022, 3:25 PM
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Emily Baker-White / BuzzFeed News:
Leaked audio from 80+ internal TikTok meetings: ByteDance staff in China repeatedly accessed data about US TikTok users between September 2021 and January 2022  —  For years, TikTok has responded to data privacy concerns by promising that information gathered about users in the United States …
Serena Ng / Wall Street Journal:
Crypto hedge fund Three Arrows Capital is exploring financial options, including asset sales and a rescue by another firm, and says it invested ~$200M in Luna  —  Firm's founders say they still believe in the future of cryptocurrencies  —  Cryptocurrency-focused hedge fund Three Arrows Capital Ltd …
Financial Times:
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend
Makena Kelly / The Verge:
A group of Senate Democrats calls on the US Commerce Department to follow the EU and create a strategy to require a common charging port for all mobile devices  —  No more Lightning ports?  —  A group of Senate Democrats is calling on the US Commerce Department to follow Europe's lead …
Casey Newton / Platformer:
Some employees say that Musk sounded genuinely enthusiastic about owning and running Twitter, but the meeting reinforced their mostly negative beliefs about him  —  Musk says he has big plans for the company.  Employees wonder how he'll achieve them
Bloomberg:
Sources: Elon Musk addressed Twitter employees for the first time since agreeing to buy the company in April, discussing potential layoffs, moderation, and more
Natasha Lomas / TechCrunch:
The UK publishes its final response to a data reform consultation to diverge from EU rules, including replacing cookie consent pop-ups with browser opt-outs  —  The UK government has published its final response to a data ‘reform’ consultation it kicked off last year, laying out how it intends …
The Verge:
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features  —  It's currently in “early internal testing”  —  Snap is doing internal tests of a paid subscription called Snapchat Plus …
Anton Shilov / AnandTech:
TSMC details its roadmap: a high volume 3nm chip production starting in H2 2022, with five 3nm-class N3 node iterations, and 2nm-class N2 introduction in 2025  —  Taiwan Semiconductor Manufacturing Co. on Thursday kicked off its 2022 TSMC Technology Symposium, where the company traditionally shares …
Ryan Mac / New York Times:
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment”  —  In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”
Janko Roettgers / Protocol:
Roku raises its revenue share for ad-supported streaming channels from 40% to 45% and forces linear channels to use its ad insertion technology and CDN services
Reuters:
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business  —  China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said …
More: PingWest

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This is a Techmeme archive page. It shows how the site appeared at 3:25 PM ET, June 17, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Jana Winter / Reuters:
FBI Director Kash Patel sues The Atlantic and reporter Sarah Fitzpatrick for defamation, seeking $250M, over an article that claimed he had a drinking problem

New York Times:
Filing: The Onion proposes a new deal for Infowars, licensing Infowars.com for $81,000 per month for six months initially; the deal requires a judge's approval

Matthew Gault / 404 Media:
A Forbes story about a Louisiana man killing 8 children contained a ForbesPredict box asking readers to predict whether Congress would pass new gun safety laws

More News

Oliver Knight / CoinDesk:
Hong Kong-based crypto lender Babel Finance suspends withdrawals and redemptions to “protect the interests of our clients”, citing “unusual liquidity pressures”

Earlier Picks

Brody Ford / Bloomberg:
Boston-based Vendr, which helps companies manage SaaS purchasing, raised a $150M Series B at a $1B valuation led by Craft Ventures and SoftBank Vision Fund 2
Wall Street Journal:
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+
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