Techmeme
July 6, 2023, 4:40 PM

Top News

Max Tani / Semafor:
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP  —  Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
Manish Singh / TechCrunch:
Meta's Supplemental Privacy Policy for Threads says that “your Threads profile can only be deleted by deleting your Instagram account”, surprising some users  —  Threads, Meta's Twitter rival, is drawing users at an astounding pace, amassing 10 million signups in just seven hours …
Jonathan Vanian / CNBC:
Meta launches Instagram's text-based Threads app on the App Store and Google Play in 100+ countries; users log in via Instagram and can follow the same accounts  —  - Threads is a text-based messaging app that looks very similar to Twitter.  — People will be able to use their Instagram usernames …
More: Washington Post, Instagram, Reuters, The Verge, TechCrunch, Android Authority, TechCrunch, NBC News, TechCrunch, The Guardian, PCMag, Forbes, Cointelegraph, Social Media Today, TIME, NBC 7 San Diego, MobileSyrup, Silicon Valley Business …, MacRumors, The Verge, New York Post, Engadget, Supercharged, Bloomberg, and Daring Fireball
Taylor Hatmaker / TechCrunch:
Mark Zuckerberg says Threads now has over 30M signups, up from 10M within seven hours of launch, 5M in four hours, and 2M in two hours  —  Update July 6, 11:45 AM IST: Zuckerberg noted that Threads crossed the milestone of 10 million signups within seven hours of launch.
Casey Newton / Platformer:
Hands-on with Threads: fairly bare-bones text-based messaging app, log in via Instagram, no hashtags, no edit button, search is only for user handles, and more  —  Programming note: I really was trying to take a vacation, but this felt like it was worth the one-day interruption.
Eugen Rochko / Mastodon Blog:
Mastodon's CEO says Meta launching Instagram's Threads, which intends to adopt ActivityPub, “is a clear victory for our cause, hopefully one of many to come”  —  Today, Meta is launching its new microblogging platform called Threads.  What is noteworthy about this launch …
Alex Heath / The Verge:
Tim Bradshaw / Financial Times:
New York Times:
How Tom Brady's crypto ambitions, like being an FTX “ambassador”, collided with reality, part of the humiliating reckoning facing crypto embracing celebrities  —  The superstar quarterback is among the celebrities dealing with the fallout from the crypto crash.  Others, like Taylor Swift, escaped.
Emily M. Bender:
Framing AI debates as a schism between people worried about rogue AI and those illuminating harms is ahistorical and obscures research, journalism, and activism  —  In two recent conversations with very thoughtful journalists, I was asked about the apparent ‘schism’ between those making a lot …
Wayne Ma / The Information:
Sources: Google delays releasing its first fully custom Pixel chip by at least a year; instead of codename Redondo's 2024 debut, codename Laguna is set for 2025  —  Google has big ambitions to develop its own chips for its Pixel phones.  So far, however, things haven't gone according to plan.
Bloomberg:
Sources: CFTC investigators concluded that bankrupt crypto lender Celsius Network misled investors and that its former CEO, Alex Mashinsky, also broke US rules  —  Investigators at the Commodity Futures Trading Commission have concluded that bankrupt crypto lender Celsius Network …
Sarah McBride / Bloomberg:
PitchBook: US VCs invested $39.8B in Q2 2023, down nearly 50% YoY, across 3,011 deals, down ~33% YoY, with the number of angel or seed deals falling ~50% YoY  —  Venture capitalists are funding fewer startups, especially at the earliest stages of a company's life, according to new data from research firm PitchBook.

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