Techmeme
July 14, 2023, 9:30 PM

Top News

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 confirms taking “additional steps” to prevent EU-based users from accessing Instagram's Threads; users report no longer being able to use Threads via a VPN  —  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.
Jordan Novet / CNBC:
The US Appeals Court for the Ninth Circuit denies the FTC's appeal of a judge's decision that would have stopped Microsoft's acquisition of Activision Blizzard  —  In a victory for Microsoft, the U.S. Appeals Court for the Ninth Circuit late on Friday denied the Federal Trade Commission's appeal …
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 …
Matt Wales / Eurogamer.net:
Larry “Major Nelson” Hryb, Xbox's senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career”  —  To “work on the next chapter of my career.”  —  Larry “Major Nelson” Hryb, long one of the most recognisable presences …
Semafor:
Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI  —  Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens …
Lora Kolodny / CNBC:
In a Twitter Spaces chat, Elon Musk says xAI plans to collaborate with Tesla on silicon and AI software, use public tweets for AI training, and more  —  - During a live audio session on Twitter, owner and chairman Elon Musk said his new AI startup, xAI, will use Twitter data for training the …
Aoyon Ashraf / CoinDesk:
Tom Hals / Reuters:
Tim Copeland / The Block:
Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets  —  - Multichain confirmed its CEO has been detained in China.  — It said the CEO's sister moved $220 million of funds …
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.
Andrew Webster / The Verge:
More: BBC, NPR, New York Times, Disconnect, Los Angeles Times, Slate, The Guardian, Ubergizmo, Deadline, Washington Post, EW.com, CNBC, Forbes, The Independent, CNN, Variety, ZDNet, HotHardware, NBC News, SiliconANGLE, Ars Technica, SlashGear, Polygon, PCMag, The A.V. Club, UPROXX, Coinspeaker, gHacks Technology News, O'Grady's PowerPage, Business Today, Gizmodo, Cointelegraph, Music Ally, Reuters, Gamereactor UK, The Overspill, Los Angeles Times, The Hollywood Reporter, The Wrap, The Daily Beast, Consequence, USTimesPost, Vanity Fair, Gearrice, IGN, and Decrypt
Matt Binder / Mashable:
Some Reddit users report disappearance of their private messages from before 2023; Reddit says the move was announced on June 22 and is effective since June 30  —  Many Redditors were caught off guard by the removal of their chat and message history.  —  The Reddit blackout protests …
Reuters:
Taylor Lorenz / Washington Post:
Twitter makes its first ad sharing payouts to creators, including far-right influencers like Andrew Tate, who made $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:

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More News

Salvador Rodriguez / Wall Street Journal:
Sarah Perez / TechCrunch:
More: Techlusive, Dexerto, and Engadget
Bluesky: @jww.wtf and @setia.inkTwitter: @twittersupportThreads: @carnage4lifeForums: r/RealTesla
Kyle Wiggers / TechCrunch:

Earlier Picks

Reuters:
Jordan Novet / CNBC:
Sam Schechner / Wall Street Journal: