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July 14, 2023, 7:55 PM
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Hayden Field / CNBC:
Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10  —  - Facebook's Twitter-killer, Threads, has seen drops in daily active users and time spent on app since the weekend, according to SensorTower and SimilarWeb.
Ivan Mehta / TechCrunch:
Meta confirms taking “additional steps” to prevent EU-based users from accessing Instagram's Threads; users report no longer being able to use Threads via a VPN  —  After multiple EU-based users complained about not being able to access Instagram's Threads app through VPN, Meta confirmed that it is blocking such efforts.
Matt Wales / Eurogamer.net:
Larry “Major Nelson” Hryb, Xbox's senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career”  —  To “work on the next chapter of my career.”  —  Larry “Major Nelson” Hryb, long one of the most recognisable presences …
Wall Street Journal:
Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff  —  Crypto exchange reduces workforce as Justice Department investigation continues  —  Binance, the giant crypto exchange …
Jordan Novet / CNBC:
The US Appeals Court for the Ninth Circuit denies the FTC's appeal of a judge's decision that would have stopped Microsoft's acquisition of Activision Blizzard  —  In a victory for Microsoft, the U.S. Appeals Court for the Ninth Circuit late on Friday denied the Federal Trade Commission's appeal …
Taylor Lorenz / Washington Post:
Twitter makes its first ad sharing payouts to creators, including far-right influencers like Andrew Tate, who made $20K+, Ian Miles Cheong, and Benny Johnson  —  The platform is paying high-profile creators, including Andrew Tate, thousands of dollars for posting to the app
Amanda Silberling / TechCrunch:
Twitter starts paying Twitter Blue creators who earned 5M+ impressions per month for three months a revenue cut from the ads beside the replies to their tweets
Semafor:
Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI  —  Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens …
Lora Kolodny / CNBC:
In a Twitter Spaces chat, Elon Musk says xAI plans to collaborate with Tesla on silicon and AI software, use public tweets for AI training, and more
Michael Schulman / New Yorker:
Netflix's Orange Is the New Black was an early indicator of how lopsided the streaming economy would be, as 10 actors from the show detail tiny residual incomes  —  The innovative and daring show was a worldwide hit for Netflix, but some of the actors say that they were never fairly compensated.
Andrew Webster / The Verge:
SAG-AFTRA: the AMPTP's AI proposal lets studios scan a background actor to create a digital likeness, for a day's pay, for perpetual use without consent or pay
Tim Copeland / The Block:
Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets  —  - Multichain confirmed its CEO has been detained in China.  — It said the CEO's sister moved $220 million of funds …
Aoyon Ashraf / CoinDesk:
After the US court ruling in Ripple's favor, Coinbase, Kraken, and Bitstamp resume XRP trading on their US exchanges and Gemini is exploring listing the token
Tom Hals / Reuters:
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities
Reuters:
Twitter sues four unnamed entities in Texas for “unlawfully scraping data” and seeks $1M+ in relief; Elon Musk: “that is why we had to put rate limits in place”  —  Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week …
Salvador Rodriguez / Wall Street Journal:
Meta insiders detail a return to “OG Mark” and how staff secretly toiled away to determine how to create a Twitter-like service that fit with the company's apps  —  Staffers toiled for months to create a Twitter-like service that would fit with existing apps

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More News

Sarah Perez / TechCrunch:
Twitter aims to reduce DM spam with a setting that moves messages from Blue users you don't follow back to the Message Request inbox instead of the main inbox
More: Techlusive, Dexerto, and Engadget
Bluesky: @jww.wtf and @setia.ink.  Twitter: @twittersupport.  Threads: @carnage4life.  Forums: r/RealTesla
Kyle Wiggers / TechCrunch:
Meta unveils CM3leon, an image generation transformer model requiring five times less compute and a smaller training dataset than past transformer-based methods

Earlier Picks

Reuters:
Sources and a doc: India told streaming services like Netflix and Disney to use an independent panel to review content for obscenity and violence before release
Jordan Novet / CNBC:
Microsoft names Aptos as the next default font for its Microsoft 365 productivity apps, replacing Calibri; Aptos was available for two years as Bierstadt
Sapna Maheshwari / New York Times:
The Knight First Amendment Institute at Columbia University files a lawsuit challenging Texas' TikTok ban on state devices, for limiting research and teaching
Tim Hardwick / MacRumors:
Apple launches Tap to Pay on iPhone in the UK, starting with Revolut and Tyl by NatWest as the first payment platforms, following the US, Australia, and Taiwan
Sam Schechner / Wall Street Journal:
Google updates Bard with 43 more languages, from Arabic to Vietnamese, and privacy features requested by EU regulators, and debuts the tool in Europe and Brazil
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