Techmeme
July 1, 2022, 6:40 PM

Top News

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.
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 …
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
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.
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 …
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  —  Long Hollywood's leading innovator, the streaming service is staying the course, despite serious challenges to its business and questions about its content.
Michael Sheetz / CNBC:
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, semitrucks, and RVs  —  - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion …

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This is a Techmeme archive page. It shows how the site appeared at 6:40 PM ET, July 1, 2022.

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Earlier Picks

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