| Jordan Novet / CNBC: |
The US Appeals Court for the Ninth Circuit denies the FTC's appeal for an injunctive relief to stop Microsoft's acquisition of Activision Blizzard from closing — In a victory for Microsoft, the U.S. Appeals Court for the Ninth Circuit late on Friday denied the Federal Trade Commission's appeal … | 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.| 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 … | Matt Levine / Bloomberg: |
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly — Crypto tokens are securities unless you are anonymously dumping them on retail investors.| 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 … | 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 … | 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: |
| 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| 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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| Jordan Novet / CNBC: |