Instagram reportedly working on Twitter clone

The new app is scheduled to be launched this summer. Also: Mark Zuckerberg is $44 billion richer and Apple restricts employees’ use of AI.

Good morning! Even during the weekend, work in the digital scene continued in many places.

The top topics:

Instagram plans to release a text-based app using Twitter should compete. The company is currently testing the project idea with celebrities and influencers, as reported by the Bloomberg agency, citing insider information. However, none of these selected testers is said to have had access to the full version of the app.

With that it seems MetaCEO Mark Zuckerberg to focus more on the strengths of his social media group. In the past year he’d thrown himself wholeheartedly into the Metaverse and spent billions trying to dominate virtual reality. Although his personal wealth has since fallen by more than $100 billion, he now seems to have managed the turnaround: Because of the cost reductions at Meta, the company’s shares and thus also Zuckerberg’s assets are largely made up of his Meta share has risen again: So far this year the bottom line is around 44 billion dollars more, a higher sum than for all others in the “Bloomberg Billionaires Index”. In total, Zuckerberg’s net worth is currently estimated at $89.9 billion. [Mehr bei Bloomberg und Bloomberg]

On Founder Scene: With a recent valuation of $8.5 billion Person the second most valuable startup in Germany. Perhaps the most important key to success is for the founder Have Rennerto let the employees share in the success: “Today you need an ESOP program to be able to keep up,” he says. He explained exactly what Personio’s participation program looks like to founder scene editor-in-chief Alex Hofmann. [Mehr bei Gründerszene+]

And here are the other headlines of the night and the past few days:

Apple According to a report by the “Wall Street Journal”, the use of the artificial intelligence ChatGPT for employees should be restricted. Apparently, the iPhone group is concerned that employees could pass on confidential data. Apple is said to be working on a comparable technology. [Mehr bei Wall Street Journal]

Blue Origin has received a $3.4 billion contract from NASA. Jeff Bezos’ rocket company is set to develop a landing system for the US Space Agency to fly astronauts to the moon as part of the Artemis V mission planned for 2029. competitor SpaceX is building a comparable landing system for the Artemis III and IV missions to the moon. SpaceX also sent four private astronauts to the International Space Station over the weekend, including the first woman from Saudi Arabia. [Mehr bei Bloomberg, Techcrunch und The Information]

Samsung becomes Google not through for now Microsofts Replace Bing as the default search engine on its mobile devices. The decision comes as a blow to Microsoft, which has long been trying to attract more traffic to its search engine. After the multi-billion dollar investment in ChatGPT developer OpenAI Microsoft has added a number of new artificial intelligence (AI) tools. Since then, however, Bing’s market share has only grown by a fraction of a percent. [Mehr bei Wall Street Journal]

X Corpthe Elon Musk-backed parent of the social media platform Twitter, is under investigation for building code violations at Twitter’s San Francisco headquarters. The investigation follows a lawsuit by six former Twitter employees who allege management ordered them to make unauthorized changes to the company’s office space. The lawsuit alleges, among other things, that management ordered employees to convert office space into “hotel rooms” while inspectors and the landlord were told they were merely “temporary rest rooms.” [Mehr bei CNBC]

Tiktoks creative minds who monetize their content on the platform are suing the US state of Montana, which first banned the short video platform. Previously, some fans of the app had sought a similar lawsuit against former US President Donald Trump. He also tried to restrict the use of the app. [Mehr bei Wall Street Journal]

Our reading tip on Gründerszene: Larry Page was one of the key financiers of the now-failed startup Kittyhawk by Sebastian Thun. The mingled behind the scenes Google-Co-founders strongly committed, as evidenced by leaked emails. [Mehr bei Gründerszene]

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Have a good start into the week!

Your Gründerszene editors