That thing where the IRS says you’ve underpaid your taxes to the tune of almost $30 billion dollars. Adam Mosseri says Threads is NOT coming for the breaking news crown. Those kids today, they love YouTube and they REALLY love iPhones. And forget social chat with your friends. How about social chat with your friends, and your AI bot, and their AI bots?

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Links:

IRS says Microsoft owes an additional $29 billion in back taxes (CNBC)
Linda Yaccarino responds to EU: 700 Community Notes, 5K+ images shared on Israel-Hamas war, ‘thousands’ of pieces of content removed (TechCrunch)
Instagram head says Threads is ‘not going to amplify news on the platform’ (TechCrunch)
Google pays Apple $18B to $20B a year to keep its search in iPhone (The Register)
PlayStation 5 cloud streaming launches this month (VGC)
YouTube passes Netflix as top video source for teens (CNBC)
iPhone Continues to Be Most Popular Smartphone Among Teens, Apple Watch Ownership Growing (MacRumors)
Character.AI introduces group chats where people and multiple AIs can talk to each other (TechCrunch)

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Thu. 10/12 – The IRS Wants A Word With Microsoft