Surveys of ~16,000 US adults per brand shows that 86% Gen Z adults have a “somewhat” or “very” favorable opinion of YouTube, 73% of Instagram, and 69% of TikTok (Jennifer A. Kingson/Axios)

The Information:
Memo to staff: Adam Mosseri says its surveys of creators show Instagram lags behind TikTok and YouTube on the most important creator satisfaction dimensions  —  For the past couple of years, as Instagram has sought to better compete with TikTok, becoming more appealing to creators has been a top priority.

Adnan Bhat / Rest of World:
Experts: India’s TikTok clones like Moj and Josh have failed to replicate TikTok’s success, and Instagram and YouTube will take over India’s short-video segment  —  Creators are instead gravitating toward Instagram and YouTube, which may eventually be the winners in the Indian short-video segment.

Bloomberg:
Texas’ crypto mining boom, built on incentives like cheap power and favorable regulations, looks like a bust after soaring energy costs and crashing coin prices  —  The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear …

Dan Primack / Axios:
Source: Tiger Global seeks to raise $6B for its next fund that invests in privately held tech companies, less than half of what it raised for its prior fund  —  Tiger Global is seeking to raise $6 billion for its next fund that invests in privately-held tech companies, according to an investor letter viewed by Axios.

Dan Primack / Axios:
Source: a holding company created by merging PrismHR and Vensure acquires HR startup Namely, which raised $200M+ from Sequoia and others  —  Three providers of human resources software and services have become one, Axios has learned. … – Both PrismHR and VES are backed by private equity firm Stone Point Capital.

Sara Fischer / Axios:
Sources: Google has approved Truth Social for distribution in the Google Play Store after the app updated its policies in response to being barred in August  —  Google has approved Donald Trump’s Twitter-like social media app Truth Social for distribution in the Google Play Store, Axios has learned.