Techmeme
June 18, 2022, 5:01 AM

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.
Bloomberg:
Bitcoin falls by 6%+ to below $20,000 for the first time since December 2020, the twelfth straight day of decline, as ether briefly dropped below $1,000  —  Bitcoin fell below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling …
Serena Ng / Wall Street Journal:
Oliver Knight / CoinDesk:
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 …
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 …
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 …
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 …
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 …

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Makena Kelly / The Verge:
Financial Times: