| Taylor Lorenz / Washington Post: |
Twitter's creators program makes its first payouts, including to far-right influencers like Andrew Tate, who made over $20K, Ian Miles Cheong, and Benny Johnson — The platform is paying high-profile creators, including Andrew Tate, thousands of dollars for posting to the app| Amanda Silberling / TechCrunch: |
| Andrew Webster / The Verge: |
SAG-AFTRA: the AMPTP's AI proposal lets studios scan a background actor to create a digital likeness, for a day's pay, for perpetual use without consent or pay — During today's press conference in which Hollywood actors confirmed that they were going on strike, Duncan Crabtree-Ireland … | Michael Schulman / New Yorker: |
Netflix's Orange Is the New Black was an early indicator of how lopsided the streaming economy would be, as 10 actors from the show detail tiny residual incomes — The innovative and daring show was a worldwide hit for Netflix, but some of the actors say that they were never fairly compensated.| Hayden Field / CNBC: |
Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10 — - Facebook's Twitter-killer, Threads, has seen drops in daily active users and time spent on app since the weekend, according to SensorTower and SimilarWeb.| Ivan Mehta / TechCrunch: |
Meta says it has taken “further measures” to prevent EU-based users from accessing Instagram's Threads, including blocking access through VPNs — After multiple EU-based users complained about not being able to access Instagram's Threads app through VPN, Meta confirmed that it is blocking such efforts.| Tim Copeland / The Block: |
Multichain ceases operations after the crypto bridging protocol's CEO Zhaojun and his sister, who held ~$220M of user assets, were detained by Chinese police — - Multichain confirmed its CEO has been detained in China. — It said the CEO's sister moved $220 million of funds … | Reuters: |
Twitter sues four unnamed entities in Texas for “unlawfully scraping data” and seeks $1M+ in relief; Elon Musk links the move to recent rate limit rules — Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week, a move that showed … | Bloomberg: |
Sources: Microsoft and Activision Blizzard consider selling UK cloud-based game rights to a telecom, gaming, or internet company to appease US and UK regulators — - Companies may give up some control of UK cloud gaming unit — US, UK regulators have come out against the $69 billion deal| Bloomberg Law: |
| Aoyon Ashraf / CoinDesk: |
After the US court ruling, Coinbase, Kraken, and Bitstamp resume XRP trading on their US exchanges and Gemini is exploring listing the token — U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.| Tom Hals / Reuters: |
| Wall Street Journal: |
Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff — Crypto exchange reduces workforce as Justice Department investigation continues — Binance, the giant crypto exchange … | Sarah Perez / TechCrunch: |
Twitter aims to reduce DM spam with a setting that moves messages from Blue users you don't follow back to the Message Request inbox instead of the main inbox — As Twitter fends off new competition from Instagram Threads, the company today announced a change designed to cut down on spam in users' inboxes.| Salvador Rodriguez / Wall Street Journal: |
Meta insiders detail a return to “OG Mark” and how staff secretly toiled away to determine how to create a Twitter-like service that fit with the company's apps — Staffers toiled for months to create a Twitter-like service that would fit with existing apps
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| Jay Peters / The Verge: |
| Bloomberg: |
| Jordan Novet / CNBC: |
| Jon Porter / The Verge: |
| Sapna Maheshwari / New York Times: |
| Kris Holt / Engadget: |
| Tim Hardwick / MacRumors: |
| Sam Schechner / Wall Street Journal: |