Techmeme
June 18, 2022, 2:50 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.
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:
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 …
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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