Tech Brew - 4th July 2022

Three people were killed, and three others were critically hurt after a shooting at a Copenhagen mall; News from Ukraine, As City Falls, Ukraine’s Last Hope in Luhansk Falls With It; Argentina’s Economy Minister Abruptly Quits; Tesla Sales Slow as the Pandemic Hobbles Production; Mark Zuckerberg Prepares Meta Employees for a Tougher 2022; TikTok tells Republican senators how it plans to keep American data away from China; Cohesity unveils new SaaS data isolation and recovery solution; Reports say that virtual real estate prices skyrocket as metaverse grows in popularity; Google will start erasing location data for abortion clinic visits; Despite the crypto ban, China’s tech talent rides the global web3 wave.
Three people were killed, and three others were critically hurt after a shooting at a Copenhagen mall. Those who died include a man in his 40s and two young people. While police said its too early to suggest a motive for the shooting at Denmark's largest shopping
center, A suspect is in custody.

In News from Ukraine, As City Falls, Ukraine’s Last Hope in Luhansk Falls With It Lysychansk managed to hold out for a week after its twin city, Sievierodonetsk was captured. But on Sunday, a pro-Russian flag flew there, as well.

Argentina’s Economy Minister Abruptly Quits, Exposing Rifts in Government Martin Guzmán had negotiated a deal to restructure $44 billion of the country’s debt. His departure threatens to destabilize an already shaken economy.

Tesla Sales Slow as the Pandemic Hobbles Production The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main culprit was factory shutdowns in China.

Mark Zuckerberg Prepares Meta Employees for a Tougher 2022 In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns we’ve seen in recent history.”

TikTok tells Republican senators how it plans to keep American data away from China. TikTok gave U.S. lawmakers more details in a letter on Thursday about how it plans to keep data about its American users separate from ByteDance, its Chinese parent company, aiming to combat concerns that the video app poses a national security risk.

Cohesity unveils new SaaS data isolation and recovery solution. Data management firm Cohesity has introduced FortKnox, a software as a service (SaaS) data isolation and recovery solution, adding to the company’s Data Management as a Service portfolio of offerings that run on Amazon Web Services (AWS).

Reports say that virtual real estate prices skyrocket as metaverse grows in popularity. According to a recent report by Chain analysis, prices of blockchain-based virtual real estate (VRE) have grown by 879 percent between September 2019 and March 2022. The study
noted that the spike could be attributed to the rising anticipation for the metaverse’s current and future utility.

Google will start erasing location data for abortion clinic visits. As concerns mount over the endless well of data that tech companies built an entire industry around, Google is taking at least one step to mitigate some potential harm related to location
tracking.

Despite the crypto ban, China’s tech talent rides the global web3 wave From offering crypto derivative products to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide.
Tech Brew - 4th July 2022
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