Techmeme
July 10, 2023, 9:45 PM

Top News

Martin Pengelly / The Guardian:
With Twitter traffic “tanking” and Threads ascendant, Elon Musk says Mark Zuckerberg “is a cuck” and proposes “a literal dick-measuring contest”  —  Twitter owner calls Facebook founder a ‘cuck’ as rancour grows over launch of Threads, a competitor to Musk's network
Ivan Mehta / TechCrunch:
Instagram's Threads passes 100M signups in just five days, up from 30M in the first 24 hours and 10M in the first seven hours  —  Instagram's text-based app Threads has achieved the mark of 100 million sign-ups in just five days.  The Twitter rival was launched on June 6 (or June 5 in the Americas), according to a tracker.
Stephanie Bodoni / Bloomberg:
The EU and the US agree to a new data transfer deal, which is likely to face a legal challenge given EU judges threw out two prior pacts over privacy concerns  —  The European Union and the US sealed a new deal on data transfers after EU judges threw out two previous pacts partly over fears …
Byron Tau / Wall Street Journal:
Carl Franzen / VentureBeat:
OpenAI releases Code Interpreter, a ChatGPT plug-in developed in-house, to all Plus subscribers, helping them analyze data, create charts, edit files, and more  —  OpenAI first announced third-party software application plug-ins for its hit service ChatGPT back in March …
Munsif Vengattil / Reuters:
Foxconn pulls out of a $19.5B Indian chip and display joint venture with conglomerate Vedanta, signed in 2022, and is removing the Foxconn name from the entity  —  Taiwan's Foxconn (2317.TW) said on Monday it is pulling out of a joint venture with metals-to-oil conglomerate Vedanta Ltd …
Alex Konrad / Forbes:
Flexport's former CEO Ryan Petersen is joining Founders Fund as a partner; Petersen will continue to serve as Flexport's executive chairman  —  The 42-year-old former CEO of $8 billion-valued logistics startup Flexport will invest in early- and growth-stage startups for the firm founded by Peter Thiel.
Financial Times:
Sources: Revolut's US system let criminals steal $20M+ over several months in 2022 before Revolut closed the loophole, equivalent to ~66% of its 2021 net profit  —  During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.

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