Techmeme
June 17, 2022, 9:59 PM

Top News

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.
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:
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.”
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 …
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 …
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 …
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 …
Lauren Feiner / CNBC:
In a letter, 21 US lawmakers ask Google to clamp down on “misleading” search results that steer people searching for abortions services to anti-abortion clinics  —  - A group of lawmakers are urging Google to clamp down on misleading search results that allegedly steer people searching …
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

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