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 … Lees verder op Tech Meme
Tim Bradshaw / Financial Times: Instagram’s Threads feels like Twitter’s early days while offering an insta-network on infrastructure that should avoid bugs and outages plaguing smaller rivals — Launch of Mark Zuckerberg’s social network as a rival to Elon Musk’s platform sparks excited online chatter — It feels like 2006 all over again. Lees verder op Tech Meme
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 … Lees verder op Tech Meme
Tim Bradshaw / Financial Times: A look at London-based VC firm Balderton’s new wellbeing program for founders, seeking to tackle the stress and burnout inherent to building a tech startup — VC firm Balderton will launch wellness packages as stress takes toll on entrepreneurs — When Etsy paid $1.6bn to buy Depop in 2021 … Lees verder op Tech Meme
Bloomberg: A profile of former FTX Chief Regulatory Officer Daniel Friedberg, who had a complex role that extended far beyond legal advice and has no cooperation agreement — He was the ultimate crypto cleaner – a lawyer, fixer and more for Sam Bankman-Fried and his FTX business empire. Lees verder op Tech Meme
Financial Times: US fintech group FIS plans to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR for up to $18.5B, including $11.7B in cash — Sale of interest in payments arm to GTCR will be one of the biggest corporate carve-outs in history Lees verder op Tech Meme
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. Lees verder op Tech Meme
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. Lees verder op Tech Meme
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. Lees verder op Tech Meme
Bloomberg: A profile of ex-FTX Chief Regulatory Officer Daniel Friedberg, who had a complex role at FTX that went far beyond legal advice and has no cooperation agreement — He was the ultimate crypto cleaner – a lawyer, fixer and more for Sam Bankman-Fried and his FTX business empire. Lees verder op Tech Meme