| 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 … | Reuters: |
TikTok says it has completed migrating its US users' data to Oracle's servers in the US — TikTok has completed migrating its U.S. users' information to servers at Oracle Corp (ORCL.N), in a move that could address U.S. regulatory concerns over data integrity on the popular video app, the company confirmed to Reuters.| Aisha Malik / TechCrunch: |
Meta unveils Avatars Store, where users can buy digital clothes for avatars, and plans to make it a marketplace where developers can create and sell clothing — Meta CEO Mark Zuckerberg announced today that the company is launching a digital designer clothing store called the “Meta Avatars Store.”| Mary Ann Azevedo / TechCrunch: |
Brex says it will no longer work with SMBs that do not have venture funding and will shut down “tens of thousands” of accounts after August 15 — Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning … | 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 … | 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” — Babel Finance has responded to a market downturn by temporarily freezing withdrawals and redemptions.| Financial Times: |
| Andrea Peterson / The Record: |
The US DOJ says RSocks, a Russian botnet used to hijack millions of devices worldwide for use as proxy servers, was disrupted in an international operation — The Department of Justice announced Thursday that the U.S. and international law enforcement partners in the United Kingdom, Germany … | 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 … | 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 … | Nikkei Asia: |
Chipmakers including TSMC embark on a $120B investment spree across Taiwan, with 20 new fabs ready or in the works, dwarfing planned investments in US and Japan — 20 new fabs ready or in pipeline, dwarfing planned investments in U.S. and Japan — TAIPEI — Taiwan's chipmakers have launched … | Ben Tarnoff / The Guardian: |
How eBay, launched in 1995 as AuctionWeb, anticipated many of the key features that would define a “platform” and unlocked the profit potential of the internet — The story of the modern web is often told through the stories of Google, Facebook, Amazon. But eBay was the first conqueror| Varsha Bansal / TIME: |
A look at India's Open Network for Digital Commerce (ONDC), which could help the country's mom-and-pop retailers compete against rapid grocery delivery startups — When Jay Prakash, a 35-year-old shopkeeper, inherited his father's local convenience store in Bengaluru, it had a dependable …
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