Daily Tech News 4 July 2023

• It's the end of the social media era and we're all going to die. (The Verge)
  
  More than anything else, social networks are being killed by the end of low interest rates. They survived every kind of privacy scandal, they survived being run by outright communists. But they can't make money when interest rates are at historically pretty normal levels.
  
  Which is why Reddit is murdering third-party application and Twitter is planning to become a shopping platform.
  
  
  
• Twitter has resurrected Tweetdeck. (The Verge)
  
  Because you have to keep the platform alive long enough to transform it to something profitable.
  
  A necessity Reddit forgot.
  
  
  
• Instagram is launching its Twitter competitor, Threads, this week. (The Verge)
  
  Because sometimes it's cheaper to kill your competitors than to buy them.
  
  
  
• Twitter's competitors soar after yet another bad Musk move. (Tech Crunch)
  
  Twitter competitor Spill (who?) has now gained 0.01% of Twitter's audience, including high-profile celebrities like Keke Palmer (who?) and Ava DeVernay (who?) This weekend, the iconic musician from The Roots (who?), Questlove (who?), tweeted - that is, posted on Twitter, a link promoting his Spill profile. Lizzo (the fat chick) even took to Instagram (which is not Spill) and Twitter (also not Spill) to see if she could score a Spill invite.
  
  

• TSMC's CEO made 276 times as much money as an average worker in 2022. (WCCFTech)
  
  And worth every penny.
  
  The average salary for TSMC employees was also four times the average income in Taiwan, so it's not like he's stiffing the help.
  
  
  
• West Taiwan meanwhile is planning to restrict exports of gallium and germanium. (Bloomberg)
  
  Neither of which are all that rare, so all this will do is hand the market to other countries.
  
  
  
• AMD's next-gen Epyc chips will offer up to 128 Zen 5 or 192 Zen 5c cores. (WCCFTech)
  
  So one of the new chips will be as fast as two of AMD's fastest chips from a month ago.
  
  
  
• Apple plans to appeal to the US Supreme Court to undo a 9th Circuit ruling that punctured the company's lucrative protection racket. (Reuters)
  
  You can't put an application on an iPhone without Apple's blessing.
  
  You can't get Apple's blessing without handing them 30% of your gross revenue.
  
  And you can't - or couldn't - mention alternate payment methods that bypassed Apple's sticky fingers.
  
  The 9th Circuit in the Epic v. Apple case ruled that Apple couldn't legally require that, which kills one of Apple's largest revenue streams.
  
  I'm hoping the Supremes shut them down, hard, but I don't know enough about the relevant law to make a prediction.

posted by Pixy Misa at 04:00 AM

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