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July 1, 2022, 7:20 PM
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Top News

Michael McSweeney / The Block:
Voyager Digital temporarily suspends trading, deposits, and withdrawals citing market conditions, after issuing a default notice to 3AC in June on a ~$650M loan  —  - “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
Mitchell Clark / The Verge:
Google plans to auto-delete user visits to medical facilities like abortion clinics, domestic violence shelters, and weight loss centers from location histories  —  Along with visits to other potentially sensitive locations  —  Google says it'll start automatically deleting visits to abortion clinics …
Dan Primack / Axios:
BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX  —  Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
Alex Barinka / Bloomberg:
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users  —  TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
Dan Milmo / The Guardian:
The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets  —  MiCA law contains measures to guard against market abuse and manipulation  —  The EU has moved to rein in the “wild west” …
Wall Street Journal:
Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021  —  The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
Chance Miller / 9to5Mac:
Biden to award a posthumous Medal of Freedom to Steve Jobs for changing the way the world communicates and transforming the computer, music, and film industries  —  The Biden Administration has announced the recipients of the Presidential Medal of Freedom for this year.
Natasha Lomas / TechCrunch:
The European Commission says Amazon agreed to drop “dark patterns” from the process required to unsubscribe from its Prime membership across its sites in the EU  —  Amazon has agreed to simplify the process required for cancelling its Prime membership subscription service across …
Craig Silverman / ProPublica:
Google gave user data to Russian ad company RuTarget, including potentially sensitive info about users in Ukraine, four months after the US sanctioned RuTarget  —  The internet giant may have provided Sberbank-owned RuTarget with unique mobile phone IDs, IP addresses, location information …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:20 PM ET, July 1, 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

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Rebecca Rubin / Variety:
Disney crosses the $6B milestone at the box office for the first time since the COVID-19 pandemic; no other studio has managed to reach $6B since 2015

More News

Jonathan Chadwick / Daily Mail:
Apple will face a full trial in the UK after failing to limit a consumer claim that it breached competition law by taking a 30% cut on app and in-app purchases
New York Times:
Netflix executives say they don't plan to change programming; two bank analysts say a cheaper ad-supported tier could cannibalize the higher-paying subscribers
Sergiu Gatlan / BleepingComputer:
Kaspersky researchers found malware used in the wild since at least March 2021 to backdoor Microsoft Exchange servers of government and military organizations
Michael Sheetz / CNBC:
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, semitrucks, and RVs
Reuters:
Google settles a lawsuit by agreeing in part to put $90M in a fund for US app developers who made $2M or less in annual Play Store revenue from 2016 to 2021

Earlier Picks

Jonathan Stempel / Reuters:
Former Apple lawyer Gene Levoff pleads guilty to insider trading; Levoff allegedly traded before quarterly earnings from 2011 to 2016 and was fired in 2018
Danny Nelson / CoinDesk:
CFTC charges South Africa-based bitcoin pool operator Mirror Trading International with a $1.7B fraud, in its “largest ever fraud scheme case involving bitcoin”
Katie Paul / Reuters:
In a weekly Q&A, Mark Zuckerberg told staff that Meta reduced its 2022 engineer hiring target to around 6,000 to 7,000, down from its plan to hire around 10,000
TechCrunch:
Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022
Bloomberg:
Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion
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