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Day: July 17, 2023

Day: July 17, 2023

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  • Day: July 17, 2023

House Republicans probe Threads in ongoing social media investigation

House Judiciary Chair Jim Jordan (R-OH) has expanded his wide-ranging investigation of big tech and social media companies to include Threads, Meta’s new Twitter competitor. Representative Jordan subpoenaed Alphabet, Amazon, Apple, Meta and Microsoft in February to learn about “how and to what extent the Executive Branch coerced and colluded with companies and other intermediaries to censor speech.” Though it’s just weeks old, Jordan is already interested in Threads. He wrote a letter to Meta CEO Mark Zuckerberg requesting additional information about its new Instagram spinout, asking him to share any information about content moderation. The notice also instructs Zuckerberg to

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July 17, 2023 No Comments

Threads as a gaming hub? Zynga founder-backed Artie is counting on it

Meta’s Threads has become a household name shortly after its debut earlier this month. Within a week of its launch, it attracted over 100 million users worldwide. The platform also recently achieved one-fifth of Twitter’s weekly active user base globally. Now, a startup named Artie is exploring new possibilities for the Twitter alternative by bringing gaming to the platform. The Los Angeles-based startup, which counts Zynga founder Mark Pincus, former TikTok CEO Kevin Mayer and Winklevoss twins (Cameron Winklevoss and Tyler Winklevoss) among its investors, is looking to bring “app-quality” games to Threads and other modern social media platforms. Initially,

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July 17, 2023 No Comments

Twitter tweaks its new revenue-sharing policy for creators to expand access, increase rate limits

Twitter last week began paying creators a share of the ad revenue served in the replies of their posts in an effort to retain the platform’s most important tweeters, in the face of increased competition from Instagram Threads and others. But despite the program’s significant payouts, some creators weren’t happy — and took their complaints to Twitter owner Elon Musk over the weekend. In a series of tweets, Musk addressed creators’ concerns over things like the types of accounts that were eligible for monetization, rate limits, and other issues. Musk had said the first round of creator payouts will total

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July 17, 2023 No Comments

Microsoft and Sony sign deal to keep Call of Duty on PlayStation consoles

Microsoft and Sony signed an agreement to bring Call of Duty games to PlayStation consoles. As a reminder, Microsoft offered to acquire Activision Blizzard for $69 billion. And yet, 18 months after the announcement, that acquisition hasn’t closed as several competition regulators have been concerned about the consequences on the gaming market. That’s why today’s deal between Sony and Microsoft is an important milestone in this M&A saga. “We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard. We look forward to a

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July 17, 2023 No Comments

Tubi appoints Vimeo’s Anjali Sud as new CEO

Tubi appointed Anjali Sud as its new CEO, the company announced Monday. Following her tenure as CEO at Vimeo, Sud will officially join the Fox-owned free ad-supported TV streaming (FAST) service on September 1. “We are witnessing a seismic shift in where and how content will be consumed, and I believe that Tubi can become the destination for the next generation of audiences,” said Sud in a statement. Sud joins Tubi as FAST services continue rising in popularity. Global FAST revenues for TV shows and movies are set to reach $18 billion in 2028, triple from $6 billion in 2022.

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July 17, 2023 No Comments

Runway lands $27.5M to streamline financial planning for businesses

Siqi Chen, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance. And it’s something he felt self-conscious about. “I’ve always thought it was something for ‘real business people’ and I could just go and do what I enjoyed, which is product and engineering,” he told TechCrunch in an email interview. “This is the state of the world for most founders today.” After countless frustrating experiences with Excel spreadsheets, Chen was spurred to create an alternative. So he started Runway, which aims to replace spreadsheets with “intuitive” financial modeling, planning and

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July 17, 2023 No Comments

Corsair is buying mechanical keyboard maker Drop

Everyone seems to be buying a mechanical keyboard these days. Corsair has one-upped them all by buying its own mechanical keyboard company. The Fremont, California-based peripheral maker today announced that it’s acquiring “certain assets” from Drop for an undisclosed, all-cash deal. “Drop has been acquired by Corsair,” Drop CEO Jef Holove wrote in a blog post confirming the news. “I am sure front-of-mind for you is what this will mean for Drop and our focus on our discerning, engaged enthusiast community – especially at a time when we’ve been watching other players in the community struggle or outright fold. Obviously,

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July 17, 2023 No Comments

Intel backs robotics startup, Twitter loses money, and fintech shows signs of life

Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Here’s the rundown from this morning! Stocks are largely down around the world following weak Chinese economic data for the second quarter. We’re also heading back into an earnings cycle, so get ready to hear from Tesla and Netflix this week, among other major names. In crypto-land, the XRP/Ripple partial victory drove a short-lived boomlet for many

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July 17, 2023 No Comments

Rocket Lab aiming to advance Electron reusability with tonight’s launch

Rocket Lab has made improvements to the first stage of the Electron rocket to make it more resilient to ocean water, upgrades that will be put to the test with tonight’s launch. The “Baby Come Back” mission will launch from the company’s launch complex on Māhia Peninsula, New Zealand, with a launch window that opens at 7:30 PM EST. The primary purpose of the mission is the delivery of four satellites for NASA, two weather intelligence satellites for Spire Global and a demonstrator sat for Canadian satellite communications company Telesat. The four-cubesat NASA mission, called Starling, will test the satellites’

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July 17, 2023 No Comments

Common Sense Media, a popular resource for parents, to review AI products’ suitability for kids

Common Sense, a well-known nonprofit organization devoted to consumer privacy, digital citizenship and providing media ratings for parents who want to evaluate the apps, games, podcasts, TV shows, movies, and books their children are consuming, announced this morning it will introduce another type of product to its ratings and reviews system: AI technology products. The organization says it will build a new rating system that will assess AI products across a number of dimensions, including whether the tech takes advantage of “responsible AI practices” as well as its suitability for children. The new AI product reviews will particularly focus on

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July 17, 2023 No Comments
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