🗿 Threads Worth The FOMO?

Meta launched its Twitter clone called Threads this week, and it’s reeling in some crazy numbers.

July 07, 2023

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GM. Turns out Taylor Swift accepted the $100M bag from FTX and FTX was the one who walked away from the deal. Remember when Elon Musk and millions others lauded her for doing the opposite? Idek what to believe anymore.

Anyway, Threads keep infiltrating our IG and Twitter feeds. Is it worth the FOMO? And why does mainstream media keep pushing this ‘AI will end humanity’ narrative?

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

No FOMO News ðŸ“° : FBI Searched the Home of Crypto Exchange Founder

Weekend Alpha What to Watch ðŸ‘€ : Zuck v Elon Heats Up 🔥

AI Intel ðŸ¤– : AI Outperforms Humans in Creativity Test 😓

You Raised? 💰 : Here Come the Data Tools 🤑

No FOMO News 📰

  • FBI Searched the Home of Crypto Exchange Founder (NY Times)

  • Binance Executives Exit as the Regulatory Heat on the Largest Crypto Exchange Intensifies (Bloomberg)

  • Larry Fink says ‘crypto is digitizing gold’ and that BlackRock’s Bitcoin ETF could help make the sector ‘more democratized’ (Fortune)

  • SEC takes aim at crypto platforms as unregistered exchanges (Reuters)

Weekend Alpha – What to Watch 👀 

Meta launched its Twitter clone called Threads this week, and it’s reeling in some crazy numbers.

They got 1 million downloads in the first 90 minutes after the app went live. That’s the fastest social media app to 1 million users ever.

We all know Twitter has been shaky for a while now, but no competitor has posed a real threat to the micro-blogging platform until now.

Is Zuckerberg trying to kill twitter? Is he just trolling Elon’s disaster of a Twitter takeover? Is this just how Billionaires flirt?

Meta has a user base that could eat Twitter’s lunch, but it’s not all roses and rainbows for Threads. We’ll watch these developing stories and how the internet reacts over the next few days.

  • Threads profile can only be deleted by deleting Instagram account, Meta says (TechCrunch)

  • Twitter is threatening to sue Instagram’s parent company Meta over its launch of Threads (Fortune)

  • Threads collects a massive amount of data from each user (Twitter)

  • Following people a task, no DMs: Early reactions on Threads (Daily)

  • Tech gladiators! Italy 'has invited Mark Zuckerberg and Elon Musk to stage their cage fight at Rome's Colosseum' (DailyMail)

Poll

Will Threads Really be the End of Twitter?

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AI Intel 🤖

  • AI Outperforms Humans in Creativity Test (Neuroscience News)

  • Alibaba launches A.I. tool to generate images from text (CNBC) – is it 2022??

  • In NYC, companies will have to prove their AI hiring software isn't sexist or racist (CNBC)

  • Public web unravels in AI-driven storm (Axios)

  • Microsoft will ride generative A.I. wave to $3 trillion valuation, say Morgan Stanley analysts (Fortune)

  • Lightning Labs releases tools letting AI transact and hold Bitcoin (Cointelegraph)

  • China risks falling further behind US in AI race with 'heavy-handed' regulation (Sky News)

In other news…

Taylor Swift Actually Wanted To Do The FTX Deal… yikes

SEC Goes After The Little Guy…

You Raised? 💰

It’s a tough stretch for funding right now. One bright spot – data and security tools; they are raising some proper seed rounds. And then there’s the Arab world, dwarfing our Western bags again with a $200 milly funding round.

  • AI-Backed Blockchain Data Startup Web3Go Raises $4M (CoinDesk)

  • With $3 Million in Funding, Martian Wallet Builds Multi-Party Computation to Enhance Web3 Security (Accesswire)

  • LBank Labs Launches $10 Million MEME Special Fund, Aiming to Nurture High-Quality Early-Stage Innovation Projects (BitcoinNews)

  • Privacy Platform Ola Raises $3M in Seed Funding Round (CoinSpeaker)

  • Islamic Coin secures $200m funding from ABO Digital (GulfBusiness)

Shameless Shill + Alpha

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