Tech Meme

Casey Newton / Platformer: Threads’ early growth decisively proved the demand for a new text-based conversation app that could fully supplant Twitter’s role in shaping public conversation  —  One week later, engagement is down — but the prize is still there for the taking  —  I.  —  On July 5, Meta released Threads into the world. Lees verder op Tech Meme

Reuters: The UK’s Competition Appeal Tribunal pauses Microsoft’s hearing, starting on July 28, of its appeal against the CMA blocking the Activision deal, for two months  —  Microsoft’s (MSFT.O) appeal against Britain’s block on its $69 billion takeover of Activision Blizzard (ATVI.O) … Lees verder op Tech Meme

Mercedes Ruehl / Financial Times: Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below listing price, pare back “superapp” approach by cutting jobs and marginal business units  —  Grab and GoTo built big followings across south-east Asia but are now cutting marginal businesses Lees verder op Tech Meme

Bloomberg: PDD’s Temu sues rival Shein in the US, alleging Shein violated antitrust laws by intimidating clothing manufacturers into supply arrangements that excluded Temu  —  – Two fast-growing powers in online fashion clash over tactics  — Shein dominates ultra fast-fashion with $66 billion valuation Lees verder op Tech Meme

Sarah Perez / TechCrunch: Adam Mosseri says spam attacks on Threads “have picked up” so Meta is tightening “things like rate limits” and warns of “unintentionally limiting active people”  —  It looks like Twitter isn’t the only one having to turn to rate limits — or limits on how many posts users can view — as it turns out. Lees verder op Tech Meme

Bloomberg: Sources: Microsoft and Activision Blizzard plan to keep seeking the final regulatory approvals for their $69B deal, despite not closing by the July 18 deadline  —  – UK veto will prevent closing by July 18 deadline in agreement  — Companies don’t intend to walk away, will continue UK talks Lees verder op Tech Meme

Lauren Forristal / TechCrunch: Peacock raises its Premium price by $1 to $5.99/month and Premium Plus by $2 to $11.99/month, at once for new customers and on August 17 for current subscribers  —  Peacock is delivering bad news to its subscribers tonight.  Beginning at 12 a.m. ET, the streamer is notifying existing customers … Lees verder op Tech Meme

Helen Coster / Reuters: Truth Social’s head of engineering, Alex Gleason, resigns to work at Soapbox, which he founded and which offers open-source decentralized tech for social media  —  The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday … Lees verder op Tech Meme

Lauren Forristal / TechCrunch: Peacock to raise prices by $1 for its Premium tier to $5.99/mo and $2 for Premium Plus to $11.99/mo for new customers, and starting August 17 for existing users  —  Peacock is delivering bad news to its subscribers tonight.  Beginning at 12 a.m. ET, the streamer is notifying existing customers … Lees verder op Tech Meme

Helen Coster / Reuters: Truth Social’s head of engineering Alex Gleason resigns to work at his own venture Soapbox Technology, which offers technology for decentralized social media  —  The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday he had resigned, in a blow for the venture. Lees verder op Tech Meme