Techmeme
June 26, 2022, 1:30 PM

Top News

Jeffrey Dastin / Reuters:
As anti-abortion state laws kick in, law enforcement could force tech companies to give up users' search history, geolocation, and other pregnancy-related data  —  The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement …
Mark Sullivan / Fast Company:
After SCOTUS overturned Roe v. Wade, Apple, Meta, Google, and other tech companies announce or reaffirm policies supporting employees seeking abortion services  —  A number of tech and media companies are responding to the Supreme Court's decision to overturn Roe v. Wade by offering to pay …
New York Times:
Sources: Meta told staff not to discuss the Roe v. Wade ruling on wide-reaching internal channels, citing a company memo issued after the May draft opinion leak  —  Meta told its workers on Friday not to openly discuss the Supreme Court's ruling eliminating the constitutional right to an abortion …
Tracy Wang / CoinDesk:
Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from crypto lender Celsius Network in the event of a bankruptcy filing  —  The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt.
Tracy Wang / CoinDesk:
Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders  —  FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders …
Mark Gurman / Bloomberg:
Christopher Mims / Wall Street Journal:
A look at Amazon's fight with China-based sellers of generic items trying to game its algorithm to develop Marketplace brands and get the “Amazon's Choice” tag  —  Jeff Bezos wanted to build the ‘everything store’—and now the company is drowning in China-based sellers hawking the same items under a dizzying array of brands
Manish Singh / TechCrunch:
India's central bank ban on loading non-bank prepaid payment instruments using credit lines has created panic among Indian fintech startups  —  Fintech startups in India have raised over $15 billion from high-profile foreign investors in the past two years.  —  For nearly all fintech startups, lending has long been the end game.
Ming-Chi Kuo / Medium:
As Apple is expected to debut a headset in January 2023 and Meta slows VR investments, a look at opportunities for the VR supply chain and other headset makers  —  (1) One of the keys to the VR industry's rapid growth in the past 2-3 years is Meta sold VR headsets at a loss and aggressively promoted its VR business.

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Oscar Hornstein / UKTN: