Techmeme
July 8, 2023, 7:35 AM

Top News

Jay Peters / The Verge:
Lauren Feiner / CNBC:
Less than two days after launch, Mark Zuckerberg says Threads signups reached 70M, which is “way beyond our expectations”  —  - Meta's new Twitter competitor Threads has exploded in growth in its first full day since its public debut Wednesday night, fueled by Instagram's already massive userbase.
Turner Novak / The Split:
Meta's Threads had the perfect launch thanks to a TikTok-like feed where the follower graph doesn't matter, easy Instagram-Threads cross-posting tools, and more  —  The Empire strikes back.  Can Meta's new app live up to the early hype?  —  Hi everyone 👋 Turner back again with The Split.
Tim Higgins / Wall Street Journal:
With the launch of Threads, Mark Zuckerberg appeared to have some of his swagger back as the public face of the platform's rollout, amid chaos at Musk's Twitter  —  The Facebook co-founder is seizing the moment with a win after years of tumult  —  Elon Musk has done the once unimaginable …
Garett Sloane / Ad Age:
Jonathan Stempel / Reuters:
X Corp. sues Wachtell to recover most of the $90M fee the law firm received from Twitter for defeating Elon Musk's bid to walk away from his $44B Twitter buyout  —  Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter …
Sarah Wynn / The Block:
Gemini sues DCG and its founder; Cameron Winklevoss accuses Barry Silbert of being “the architect and mastermind of the DCG and Genesis fraud against creditors”  —  - Crypto exchange Gemini sued Digital Currency Group and its founder on Friday, accusing Barry Silbert of being …
Associated Press:
A judge orders NYC to temporarily delay new minimum pay standards for gig workers pending a July 31 hearing, after Uber, DoorDash, and Grubhub sued the city  —  A judge Friday ordered New York City to temporarily delay new minimum pay standards for app-based food delivery workers …
Reuters:
Filing: Google says Indian antitrust body CCI's ruling on Android market abuse is wrongly backed by Amazon's arguments that Google hindered Fire OS development  —  - Google has challenged India decision on Android market abuse  — India antitrust body wrongly backed Amazon arguments-Google
Scharon Harding / Ars Technica:
BotDefense, a project run by volunteer mods for removing spam bots on r/gaming and other big subreddits, ceases operations over Reddit's “antagonistic actions”  —  Mod-made tool claims to have banned 144,926 spambot accounts.  —  The Reddit community is still reckoning …
Joe Brock / Reuters:
A profile of New Jersey-based subsea cable company SubCom, which sources say the US military uses exclusively for its undersea internet and surveillance cables  —  SubCom, a New Jersey company born out of a Cold War spy project, has become a key player in the U.S.-China tech war.
Nathan Crooks / The Block:
Report: Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie quit over CZ's response to the DOJ's probe  —  - Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources.

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