July 7, 2023, 7:25 PM

Top News

Lauren Feiner / CNBC:
Less than two days after launch, Mark Zuckerberg says Threads signups reached 70M, which is “way beyond our expectations”  —  - Meta's new Twitter competitor Threads has exploded in growth in its first full day since its public debut Wednesday night, fueled by Instagram's already massive userbase.
Jay Peters / The Verge:
Jonathan Vanian / CNBC:
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Manish Singh / TechCrunch:
Mark Gurman / Bloomberg:
Sources: Apple plans an appointment-only retail launch of its $3,500 Vision Pro in the US in early 2024, starting with stores in NYC, LA, and other major cities  —  Apple Inc. is planning a retail launch of its Vision Pro headset with appointments and in-store promotion in select US markets early next year …
Sarah Wynn / The Block:
Gemini sues DCG and its founder; Cameron Winklevoss accuses Barry Silbert of being “the architect and mastermind of the DCG and Genesis fraud against creditors”  —  - Crypto exchange Gemini sued Digital Currency Group and its founder on Friday, accusing Barry Silbert of being …
Shaurya Malwa / CoinDesk:
Crypto bridging protocol Multichain confirms an exploit impacted $130M in user-supplied tokens and recommends “all users suspend the use of Multichain services”  —  “It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain," developers said early Friday.
Jonathan Stempel / Reuters:
X Corp. sues Wachtell to recover most of the $90M fee the law firm received from Twitter for defeating Elon Musk's bid to walk away from his $44B Twitter buyout  —  Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter …
Manish Singh / TechCrunch:
Apple removes several predatory lending apps from its App Store in India; some of the apps made the finance list's top 20, despite hundreds of negative reviews  —  Apple removed several predatory lending apps from the App Store in India this week, days after users and media questioned the legitimacy of those services.
New York Times:
Uber, DoorDash, and Grubhub sue NYC, seeking to block the city's new minimum pay standard that increases the hourly wage for gig workers to ~$18 and $20 by 2025  —  Uber, DoorDash and Grubhub argued that the city used poor data to calculate how much food delivery workers should earn and that the change would hurt consumers.
Takashi Mochizuki / Bloomberg:
Sega co-COO Shuji Utsumi says the company plans to shelve its own blockchain games and skip blockchain projects for its biggest franchises to avoid devaluation  —  Sega Corp., the gaming studio once regarded among the staunchest advocates of blockchain gaming, is pulling back from an arena devastated …
The People's Bank of China fines Ant Group ~$984M for violating laws in consumer protection, anti-money laundering, and more, ending over two years of probes  —  China imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown …

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