| Casey Newton / Platformer: |
Threads' early growth decisively proved the demand for a new text-based conversation app that could fully supplant Twitter's role in shaping public conversation — One week later, engagement is down — but the prize is still there for the taking — I. — On July 5, Meta released Threads into the world.| Sarah Perez / TechCrunch: |
Adam Mosseri says spam attacks on Threads “have picked up” so Meta is tightening “things like rate limits” and warns of “unintentionally limiting active people” — It looks like Twitter isn't the only one having to turn to rate limits — or limits on how many posts users can view — as it turns out.| Wes Davis / The Verge: |
The FCC unveils the US Cyber Trust Mark, a voluntary cybersecurity label for smart devices that will signify that devices meet NIST-set security standards — In a press briefing, Federal Communications Commission (FCC) Chair Jessica Rosenworcel said the new label, called the US Cyber Trust Mark … | Bloomberg: |
Sources: Microsoft and Activision Blizzard plan to keep seeking the final regulatory approvals for their $69B deal, despite not closing by the July 18 deadline — - UK veto will prevent closing by July 18 deadline in agreement — Companies don't intend to walk away, will continue UK talks| Reuters: |
The UK's Competition Appeal Tribunal pauses Microsoft's hearing, starting on July 28, of its appeal against the CMA blocking the Activision deal, for two months — Microsoft's (MSFT.O) appeal against Britain's block on its $69 billion takeover of Activision Blizzard (ATVI.O) … | Richard Lawler / The Verge: |
A US appeals court stays for 90 days a ruling letting Apple App Store developers link to third-party payment options, so Apple can prepare a SCOTUS filing — On Monday, Apple was granted a motion putting a hold on the appeals court ruling that would push the company to undo its “anti-steering” … | Lauren Forristal / TechCrunch: |
Peacock raises its Premium price by $1 to $5.99/month and Premium Plus by $2 to $11.99/month, at once for new customers and on August 17 for current subscribers — Peacock is delivering bad news to its subscribers tonight. Beginning at 12 a.m. ET, the streamer is notifying existing customers … | Inti Landauro / Reuters: |
Spain's antitrust watchdog fines Amazon and Apple a combined €194M for limiting the sale of devices from Apple and competitors on Amazon's Spanish sites — Spain's antitrust watchdog CNMC on Tuesday said it had imposed fines worth 194 million euros ($218.2 million) in total on Amazon … | Peter Kafka / Vox: |
Execs at G/O Media, owner of Gizmodo, Jezebel, and others, say the company will publish more AI-generated stories despite blowback for botched first attempts — Why G/O Media thinks we should have more stories written by bots. — In early July, managers at G/O media … | Bloomberg: |
PDD's Temu sues rival Shein in the US, alleging Shein violated antitrust laws by intimidating clothing manufacturers into supply arrangements that excluded Temu — - Two fast-growing powers in online fashion clash over tactics — Shein dominates ultra fast-fashion with $66 billion valuation| Tim Bradshaw / Financial Times: |
Leeds-based chip designer Optalysys, which is developing optical chips that use light instead of electricity to perform calculations, raised a £21M Series A — Leeds-based company pushes its innovative technology to unlock one of greatest challenges in data security| Alex Isenstadt / Politico: |
A pro-Ron DeSantis super PAC used an AI version of Trump's voice, which appears to be narrating Trump's Truth Social post, in a statewide TV attack ad in Iowa — The spot illustrates the new frontiers in political advertising. — A pro-Ron DeSantis super PAC uses an Artificial Intelligence version … | Thomas Brewster / Forbes: |
A look at local US governments' use of Automatic License Plate Recognition startups, like Rekor and Flock, that claim to spot “suspicious” movement patterns — Artificial intelligence is helping American cops look for “suspicious” patterns of movement, digging through license plate databases with billions of records.| Ingrid Lunden / TechCrunch: |
Hammerspace, which offers data orchestration systems for Blue Origin, the NSF, Royal Caribbean Group, and others, raised $56M led by Prosperity7 Ventures — Data may be “the new oil,” but only when it can be extracted and put to use. Today, a five year-old startup called Hammerspace … | Mercedes Ruehl / Financial Times: |
Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below listing price, pare back “superapp” approach by cutting jobs and marginal business units — Grab and GoTo built big followings across south-east Asia but are now cutting marginal businesses| Ingrid Lunden / TechCrunch: |
Tractable, which develops computer vision and AI tools to remotely assess damage to property and vehicles, raised a $65M Series E led by SoftBank Vision Fund 2 — When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries.| Kyle Wiggers / TechCrunch: |
UK-based Netcraft, a cybercrime detection company founded in 1995, raised $100M led by Spectrum Equity in its first fundraising to date — After years of growth, funding for cybersecurity startups is beginning to slow down, a symptom of the broader economic malaise and — perhaps — market oversaturation.
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