Techmeme
July 6, 2023, 5:15 PM

Top News

Max Tani / Semafor:
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP  —  Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
Manish Singh / TechCrunch:
Meta's Supplemental Privacy Policy for Threads says that “your Threads profile can only be deleted by deleting your Instagram account”, surprising some users  —  Threads, Meta's Twitter rival, is drawing users at an astounding pace, amassing 10 million signups in just seven hours …
Taylor Hatmaker / TechCrunch:
Mark Zuckerberg says Threads now has over 30M signups, up from 10M within seven hours of launch, 5M in four hours, and 2M in two hours  —  Update July 6, 11:45 AM IST: Zuckerberg noted that Threads crossed the milestone of 10 million signups within seven hours of launch.
Jonathan Vanian / CNBC:
Meta launches Instagram's text-based Threads app on the App Store and Google Play in 100+ countries; users log in via Instagram and can follow the same accounts  —  - Threads is a text-based messaging app that looks very similar to Twitter.  — People will be able to use their Instagram usernames …
More: Washington Post, Meta, TechCrunch, 9to5Mac, TechCrunch, Android Authority, The Verge, NBC News, The Guardian, PCMag, TechCrunch, Reuters, Forbes, Investor's Business Daily, Cointelegraph, SlashGear, Pureinfotech, Social Media Today, TIME, MacRumors, MobileSyrup, Silicon Valley Business …, New York Post, NBC 7 San Diego, Engadget, Supercharged, The Verge, and Bloomberg
Casey Newton / Platformer:
Hands-on with Threads: fairly bare-bones text-based messaging app, log in via Instagram, no hashtags, no edit button, search is only for user handles, and more  —  Programming note: I really was trying to take a vacation, but this felt like it was worth the one-day interruption.
Eugen Rochko / Mastodon Blog:
Mastodon's CEO says Meta launching Instagram's Threads, which intends to adopt ActivityPub, “is a clear victory for our cause, hopefully one of many to come”  —  Today, Meta is launching its new microblogging platform called Threads.  What is noteworthy about this launch …
Alex Heath / The Verge:
Tim Bradshaw / Financial Times:
New York Times:
How Tom Brady's crypto ambitions, like being an FTX “ambassador”, collided with reality, part of the humiliating reckoning facing crypto embracing celebrities  —  The superstar quarterback is among the celebrities dealing with the fallout from the crypto crash.  Others, like Taylor Swift, escaped.
Emily M. Bender:
Framing AI debates as a schism between people worried about rogue AI and those illuminating harms is ahistorical and obscures research, journalism, and activism  —  In two recent conversations with very thoughtful journalists, I was asked about the apparent ‘schism’ between those making a lot …
Wayne Ma / The Information:
Sources: Google delays releasing its first fully custom Pixel chip by at least a year; instead of codename Redondo's 2024 debut, codename Laguna is set for 2025  —  Google has big ambitions to develop its own chips for its Pixel phones.  So far, however, things haven't gone according to plan.
Bloomberg:
Sources: CFTC investigators concluded that bankrupt crypto lender Celsius Network misled investors and that its former CEO, Alex Mashinsky, also broke US rules  —  Investigators at the Commodity Futures Trading Commission have concluded that bankrupt crypto lender Celsius Network …
Sarah McBride / Bloomberg:
PitchBook: US VCs invested $39.8B in Q2 2023, down nearly 50% YoY, across 3,011 deals, down ~33% YoY, with the number of angel or seed deals falling ~50% YoY  —  Venture capitalists are funding fewer startups, especially at the earliest stages of a company's life, according to new data from research firm PitchBook.
Ben Blanchard / Reuters:
TSMC does not expect China's gallium and germanium export curbs to have any “impact on TSMC's production”; a Chinese official warns the rules are “just a start”  —  Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said on Thursday it does not expect …

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Allison Johnson / The Verge:
Kyle Wiggers / TechCrunch: