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Top stories today:
- Trump, Elon conversation on X sees delay, 1M concurrent listeners
- Apple threatens to remove Patreon from App Store over in-app billing
- Made by Google event starting at 1 PM ET: what to expect
- a16z led VC investments in July in U.S. with 11 deals
- U.S. funds adapting strategies to attract Middle East investments
- Global EV sales +21% YoY in July to 1.35M, led by China
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Trump, Elon conversation on X sees delay, 1M concurrent listeners, Trump returning to X
19M total listens.
Commission to ensure that taxpayer money is spent effectively was proposed by Elon, pitching himself to be a part of it. Trump liked the idea.
Trump returns to X after 1 year of not posting. If he will continue posting is uncertain.
89M followers on X, vs. 8M on Truth Social.
Elon blamed the 40-minute delay on a DDoS attack, without providing evidence
8M concurrent listeners: test that Elon says was conducted previously.
2-hour interview ended up starting at 8:40 PM ET.
Relatedly, EU threatened Elon with more fines if X doesnāt remove hateful speech on X.
Elonās America PAC is seeking to turn out 800K voters in battleground stakes, with a potential budget of $160M.
2. Apple threatens to remove Patreon from App Store over in-app billing
Creators using monetization platform may soon raise memberships on iOS:
āApple is requiring us to switch over to their in-app purchase system for all iOS transactions or else risk being kicked out of the App Store altogether.ā
Nov. 2024: Opt-in option for creators.
Nov. 2025: All creators must use Appleās in-app billing.
30% tax: how much Apple charges for in-app billing.
Separately, Epic has submitted its marketplace app to Apple for EU launch
Fortnite and Rocket League Sideswipe were also submitted for Apple approvals.
July: Apple accepted Epicās marketplace app in the EU after public callout.
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