July 8, 2023, 5:30 PM

Top News

Jay Peters / The Verge:
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.
Turner Novak / The Split:
Tim Higgins / Wall Street Journal:
Garett Sloane / Ad Age:
Eugene Wei / Remains of the Day:
How a new TikTok-style algorithm and pay-to-play scheme ruined Twitter's complex but functional community, destroying a beloved social network  —  NOTE: I'd been working on this piece on and off for a few weeks while trying to move to NYC and settle into my new apartment …
Taylor Lorenz / Washington Post:
Twitter's biggest struggle is its arcane follow-based system, contrasted with TikTok's algorithmic feed that can allow users with no followers to reach millions  —  A series of disastrous missteps over the past year has robbed Twitter of its relevance  —  Alex Pearlman, a stand-up comedian …
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 …
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 …
Filing: Google says Indian antitrust body CCI's ruling on Android market abuse is wrongly backed by Amazon's arguments that Google hindered Fire OS development  —  - Google has challenged India decision on Android market abuse  — India antitrust body wrongly backed Amazon arguments-Google
Scharon Harding / Ars Technica:
BotDefense, a project run by volunteer mods for removing spam bots on r/gaming and other big subreddits, ceases operations over Reddit's “antagonistic actions”  —  Mod-made tool claims to have banned 144,926 spambot accounts.  —  The Reddit community is still reckoning …
Associated Press:
A judge orders NYC to temporarily delay new $17.96/hour minimum pay for gig workers pending a July 31 hearing, after Uber, DoorDash, and Grubhub sued the city  —  A judge Friday ordered New York City to temporarily delay new minimum pay standards for app-based food delivery workers …
Lulu Yilun Chen / Bloomberg:
Ant Group is proposing to buy back up to 7.6% of shares at a ~$78.5B valuation, almost 70% lower than the $280B market capitalization of its scrapped 2020 IPO  —  Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit …

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This is a Techmeme archive page. It shows how the site appeared at 5:30 PM ET, July 8, 2023.

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Sarah Perez / TechCrunch:
Shaurya Malwa / CoinDesk:
Kyle Wiggers / TechCrunch: