Meta Threads rivalry with Twitter intensifies as lawsuit looms July 10, 2023 Meta and Twitter’s rivalry has escalated with the successful launch of Threads and the threat of a lawsuit, but analysts suggest that Twitter still has fight left. Threads, Meta’s highly anticipated app, amassed over 70m subscribers within days of its recent launch. The app’s availability caused a staggering 455 per cent surge in Meta’s stock, [...]
Musk vs Zuckerberg row rumbles on as Twitter threatens to sue Meta over Threads July 7, 2023 Twitter has threatened to sue Meta over its fast-growing rival Threads app, alleging that it stole trade secrets. The Instagram and Facebook owner, which launched Threads on Wednesday, appeared to deny that former Twitter employees worked on the creation of the app and used insider knowledge. Meta chief executive Mark Zuckerberg said more than 30 [...]
Threads: Five million join new Meta app in matter of hours July 6, 2023 A new app billed as a rival to Twitter has seen more than five million people sign up in its first few hours. Threads, created by Facebook and Instagram owners Meta, went live in the UK at midnight on Thursday. Linked to Instagram, it allows users to post up to 500 characters of text and [...]
Facebook vs Twitter: Meta launches rival as Musk locks Tweetdeck July 4, 2023 Facebook owner Meta is launching a new app to rival Twitter this week. Threads, which will be linked to Instagram, is available for pre-order in the Apple App Store and will go live on Thursday. It is described as a “text-based conversation app… where communities come together”. The new app is the latest chapter in [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
Zuckerberg: Facebook and Instagram to test NFTs on user profiles May 9, 2022 Meta CEO Mark Zuckerberg has confirmed that the tech giant will start testing digital collectibles on Instagram and Facebook in the coming weeks, allowing users to display non-fungible tokens (NFTs) on their profile. Augmented reality NFTs will feature on Instagram stories via Spark AR, Meta’s AR software platform, and will be coming to the rest [...]
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]