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☆ 'I have never, ever seen anything like this' - Kevin O'Leary says Twitter rival Threads is showing unprecedented growth
▼ + stars: | 2023-07-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Kevin O'Leary praised user growth on Meta's new Threads app, which seeks to take on Twitter. "I have never, ever seen anything like this," O'Leary told CNBC on Monday evening. "I have never, ever seen anything like this," O'Leary told CNBC on Monday evening. It's similar to Elon Musk's Twitter, which has since threatened to sue Meta over the app. With Threads' growing audience, O'Leary predicted that small businesses will eventually be seeing higher returns on ad expenditures.

Persons: Kevin O'Leary, O'Leary, Mark Zuckerberg, —, Elon, Zuckerberg, Musk Organizations: Twitter, CNBC, Service, Meta, CAC Locations: Wall, Silicon, Europe

☆ Meta's Instagram to bring branded content tools to Threads - Axios
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

July 11 (Reuters) - Meta Platforms's (META.O) Instagram is planning to bring its branded content tools to Threads, Axios reported on Tuesday, citing a source familiar with the matter. Such tools will help marketers collaborate with influencers on paid partnerships on the social media platform while advertising is unavailable. Instagram allows users to port their accounts, credentials and followers to Threads, giving the text-based social media platform access to the photo-sharing platform's more-than-2 billion-strong user base. Several companies have already started making accounts on Threads to post content organically, despite a lack of advertising on the platform. However, the lack of hashtags and keyword search functions on Threads could limit the platform's appeal to advertisers.

Persons: Instagram, Axios, influencers, Elon, Mark Zuckerberg, Mrinmay Dey, Akash Sriram, Savio D'Souza Organizations: Meta, Facebook, Twitter, Thomson Locations: Bengaluru

☆ Mark Zuckerberg's Threads platform hits 100 million users in 5 days, growing faster than ChatGPT
▼ + stars: | 2023-07-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Threads has passed the 100 million user mark, according to data tracking platform Quiver Quantitative. Threads has passed the 100 million user mark just five days after it launched, according to estimates from data tracking platform Quiver Quantitative. The platform, aimed at Elon Musk's Twitter, has launched at an opportune time as Musk's platform grapples with another turbulent period. After Threads' first launch, several tweeters took to the platform to say goodbye to Twitter and Musk's erratic leadership. Many shared memes and screenshots of new Threads accounts, encouraging their followers to switch platforms too.

Persons: Zuckerberg Organizations: Morning, Elon, Twitter

☆ Right-wing users join Mark Zuckerberg's 'friendly' Threads within 24 hours of launch
▼ + stars: | 2023-07-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Right-wing users are testing the boundaries of Mark Zuckerberg's Threads. Several right-wing users have signed up to the platform, with some posting antagonistic content. Right-wing users are testing the boundaries of Mark Zuckerberg's "friendly" Twitter alternative, Threads. Spencer has previously faced bans by Facebook and Twitter, although his Twitter account was later reinstated. Other right-wing users are testing the limits of Threads content moderation, employing tactics like spelling out racial slurs in separate comments below a post, per Media Matters.

Persons: Zuckerberg's, Zuckerberg, Mark Zuckerberg's, Richard Spencer, Nick Fuentes, Richard Spencer's, Fuentes, Spencer, Bo Dittle, Musk, Instagram Organizations: Elon Musk's Twitter, Media, Facebook, Twitter, Meta

☆ Taliban leader endorses Elon Musk's Twitter, accuses Mark Zuckerberg's Threads of having an 'intolerant' policy on free speech
▼ + stars: | 2023-07-10 | by ( Charles R. Davis | Haley Tenore | ) www.businessinsider.com time to read: +5 min

Anas Haqqani, a Taliban official, said Twitter is more committed to "free speech" than its rivals. Haqqani's father founded the Haqqani Network, a US-designated foreign terrorist organization. The Taliban was designated a terrorist group more than a decade earlier, following the Sept. 11 terror attacks. "The Taliban wanted to counter their propaganda and that's why we too focused ourselves on Twitter," the Taliban member said. "Social media is a powerful tool to change public perception."

Persons: Anas Haqqani, Haqqani's, Haqqani, Elon Musk, Mark Zuckerberg, El Pais, Critics, Musk, Jalaluddin Haqqani, Hedayatullah Hedayat, Abdul Haq Hammad Organizations: Taliban, Twitter, Haqqani Network, Service, El, Haqqani, Radio Free, Radio Liberty, National Counterterrorism Center, Meta, Facebook, BBC Locations: Wall, Silicon, Turkey, India, Radio Free Europe, Afghanistan, WhatsApp

☆ Morning Bid: Data-hit bond markets end summer lull
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +4 min

On top of that, there were signs that activity at dominant U.S. service sector firms picked up steam again last month too. Friday's release of the Labor Department's monthly national payrolls report will seal the picture. U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. The VIX (.VIX) gauge of implied Wall St volatility - which had been peculiarly subdued right through last month - jumped to its highest since June 1. Crucially, 2-year Treasury yields edged back below 5%.

Persons: Mike Dolan, Lorie Logan, payrolls, HSI, Janet Yellen's, Elon, Lorrie Logan, Christine Lagarde, Joachim Nagel, Bank of England policymaker Catherine Mann, Emelia Sithole Organizations: readouts, Federal, Labor, Dallas Fed, Fed, Treasury, Nikkei, Twitter, Meta, Dallas Federal, Central Bank, Bank of England, NATO, Vilnius Reuters Graphics, Reuters Graphics Reuters, PMI Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, China, Canada, New York, Vilnius Reuters

☆ Elon Musk's Twitter sues top law firm Wachtell over $90 million fee for work under prior ownership
▼ + stars: | 2023-07-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Attorneys for Elon Musk filed suit this week against the law firm that represented Twitter when Musk was trying to take the company private last year, claiming the firm charged too much for its work. The lawsuit says Wachtell, Lipton, Rosen, and Katz, which was Twitter's firm prior to Musk's acquisition, racked up a $90 million "last minute" legal bill. Wachtell represented Twitter after Musk reneged on his initial offer to take Twitter private for $44 billion. The law firm helped close the deal in November 2022, and was paid that $90 million fee for its work securing the transaction, which was tendered at a significant premium to Twitter's public market valuation. Twitter sued Musk for not honoring his commitment to the company's shareholders, and Musk eventually relented, purchasing Twitter at the agreed upon price.

Persons: Elon Musk, Musk, Wachtell, Lipton, Rosen, Katz, Reid Collins, Tsai, It's, Ben Roth, — CNBC's Lora Kolodny Organizations: Tesla Inc, Elon, Twitter, X Corp, San Francisco, Google, Rosen Locations: San Francisco , California, Austin , Texas, Delaware, California, San Francisco

☆ Top 10 things to watch in the stock market Friday including a jobs shocker
▼ + stars: | 2023-07-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Paramount (PARA) downgraded to underperform from peer perform (sell from hold), with a $14 price target by Wolfe Research. Wells Fargo reiterates Club name Disney (DIS) as a Signature Pick with a $147 price target but cuts its earnings-per-share (EPS) estimates. Morgan Stanley raises its price target on Ford (F) to $16 from $14 and General Motors to $41 from $38 on higher earnings estimates. Ferrari (RACE) remains Morgan Stanley analyst Adam Jonas' Top Pick as he raises his RACE price target to $340 from $310. MoffettNathanson raises its price target on card companies: Mastercard (MA) to $490 from $460 and Visa (V) to $320 from $290.

Persons: Nonfarm, Bond, Leqembi, fave Eli Lilly, donanemab, Eli Lilly, Baird, downgrades Wells, Wolfe, Morgan Stanley, Wells, JPMorgan downgrades, Elon Musk's, Mark Zuckerberg's, Ferrari, Adam Jonas, Jim Cramer's, Jim Cramer, Jim Organizations: FDA, Medicare, Medicaid Services, fave, Costco, Food, U.S, Wolfe Research, downgrades, JPMorgan, WFC, Humana, Dow, Meta, Paramount, Disney, Ford, Motors, Mastercard, Jim Cramer's Charitable, CNBC Locations: United States, downgrades Wells Fargo

[1/2] Meta's Threads app and Twitter logos are seen in this illustration taken July 4, 2023. Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by leveraging Instagram's billions of users. Spiro, in his letter, accused Meta of hiring former Twitter employees who "had and continue to have access to Twitter's trade secrets and other highly confidential information," News website Semafor first reported. "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in the letter. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post.

Persons: Dado Ruvic, Mark Zuckerberg, Alex Spiro, Meta, Spiro, Semafor, — that's, Andy Stone, Musk, Mark Lemley, Jeanne Fromer, Akash Sriram, Tiyashi Datta, Jody Godoy, Katie Paul, Shailesh Kuber, Josie Kao Organizations: REUTERS, Twitter, Meta, Facebook, Elon, Reuters, Stanford, New York University, Thomson Locations: Bengaluru, New York

☆ Twitter threatens to sue Meta over Threads, Semafor reports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by taking advantage of Instagram's billions of users. "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in the letter. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post. A former senior Twitter employee told Reuters they were not aware of any former staffers working on Threads, nor any senior personnel who landed at Meta at all. loadingSince Musk's takeover of the social media platform, Twitter has seen competition from Mastodon and Bluesky among others.

Persons: Semafor, Mark Zuckerberg, Alex Spiro, Meta, Spiro, — that's, Andy Stone, Musk, Akash Sriram, Tiyashi Datta, Katie Paul, Shailesh Organizations: Twitter, Meta, Facebook, Elon, Reuters, Thomson Locations: Bengaluru, New York

☆ How to use Threads, Instagram's new rival to Twitter
▼ + stars: | 2023-07-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Threads, built by Instagram's parent company, Meta, is a social media platform where Instagram users with an iPhone or Android device can share and interact with each other's text posts. To find it, go to the App Store or Google Play on your phone and type in "Threads, an Instagram app" into the search bar. Since Instagram account is required to use Threads, users are presented with the option to follow people they follow on Instagram. The human figure icon takes you to your Threads profile where you can see your activity. A screenshot of Thread's privacy settings feature.

Persons: Elon, Here's, Mark Zuckerberg's, Zuckerberg, Meta Organizations: Elon Musk's Twitter, Meta, Twitter

☆ 'Goodbye Twitter': Users say they're ditching the app for Mark Zuckerberg's Threads
▼ + stars: | 2023-07-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

On Elon Musk's Twitter, Threads, Meta, and Goodbye Twitter were all trending on Thursday morning. Some Twitter users took to the platform to say their goodbyes. Over on Elon Musk's Twitter, "Threads," "Meta," and "Goodbye Twitter" were all trending topics on Thursday morning. One Twitter user wrote: "Instagram Threads.... Goodbye Twitter I found a better app." Another Twitter user shared a video of crowds, along with the caption: "Everyone running back to twitter after trying Threads App for 5 min.. #ThreadsApp"

Persons: Mark Zuckerberg, Zuckerberg, Elon Organizations: Elon, Twitter

☆ Meta Launches Threads Social-Media App to Rival Elon Musk's Twitter
▼ + stars: | 2023-07-06 | by ( ) www.wsj.com time to read: 1 min

Cocaine Found at the White House, Secret Service SaysThe Secret Service said Wednesday that lab tests showed a substance found in a work area of the West Wing over the weekend was cocaine. An investigation into how it entered the White House is under way, the agency said. Photo: Julia Nikhinson/Reuters

Persons: Julia Nikhinson Organizations: White, Secret, Service, West Wing, Reuters

☆ Elon Musk's lawyer sends letter threatening to take Mark Zuckerberg to court over his Twitter 'copycat'
▼ + stars: | 2023-07-06 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk's lawyer sent a cease and desist letter to Mark Zuckerberg over the launch of Threads. Musk claims Meta hired ex-Twitter staff to help create the "copycat" app, something Meta denies. Some former Twitter employees are at Meta. Elon Musk's Twitter is threatening to take Facebook's parent company, Meta, to court over its new rival social media app, Threads. Spiro went on in the letter to accuse Meta of hiring "dozens of former Twitter employees," some of which "improperly retained Twitter documents and electronic devices."

Persons: Elon Musk's, Mark Zuckerberg, Meta, Elon, Alex Spiro, Spiro, — that's, Stone, Zuckerberg, Walter Isaacson, Musk Organizations: Twitter, Meta, Elon Musk's Twitter Locations: whcih

☆ Meta previously launched an app called Threads but it was more focused on beating Snapchat than being a Twitter killer
▼ + stars: | 2023-07-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

This is not Meta's first attempt at launching an app called Threads, though. Meta, back when it was known as Facebook, launched an app called Threads in late 2019. The new Threads app has been in development since January and already appears to be notably different from the prior app by the same name. According to Zuckerberg, Threads amassed more than 10 million users in the first seven hours. Instagram's stories, which drew heavy inspiration from a similar Snapchat feature, have since outperformed their original rival.

Persons: Mark Zuckerberg, it's, influencers, Zuckerberg, Musk, Elon, Insider's Hasan Chowdhury Organizations: Twitter, Elon, Meta, Facebook Locations: Snapchat, Instagram

☆ Of all the apps that have tried to be the Twitter Killer, Meta's Threads is probably the one we're all going to start using
▼ + stars: | 2023-07-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg's Threads is probably the app best poised to take down Elon Musk's Twitter. The door's now open for two billion people to start threading their thoughts in a place that's not Twitter. Meta's slated to debut its new rival to Twitter — an app called Threads — on July 6. Threads' main advantage is probably the number of people already using Instagram, or a reported two billion monthly active users in 2021. Meta's chief product officer, Chris Cox, has called Threads a response to creators and public figures who wanted a platform that's "sanely run."

Persons: Donald Trump's, Elon, Mark Zuckerberg, Meta, it's, Morgan Stanley, it's gunning, Chris Cox, Musk, Zuckerberg Organizations: Elon, Twitter, Meta, Facebook

☆ What does Twitter 'rate limit exceeded' mean for users?
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +3 min

Verified accounts can now read 6,000 posts per day, unverified accounts 600 posts and new un-verified accounts 300 posts. After that, users will get a message that says, "rate limit exceeded". Musk has said that limit will "soon" increase to 10,000 for verified, 1,000 for unverified and 500 for new unverified. Musk made Twitter verified - special badges that were earlier given to notable profiles - a paid subscription and introduced tiers like gray, blue and golden badges. Several Twitter users complained, with "#TwitterDown" and "RIP Twitter" trending on the social network website over the past couple of days.

Persons: Elon, Musk, Jack Dorsey, Eugen Rochko, Yuvraj Malik, Arun Koyyur Organizations: Elon Musk's Twitter, Twitter, National Weather Service, Thomson Locations: Bengaluru

☆ Explainer: What does Twitter 'rate limit exceeded' mean for users?
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +3 min

Persons: Elon, Musk, Jack Dorsey, Eugen Rochko, Yuvraj Malik, Arun Koyyur Organizations: Elon Musk's Twitter, Twitter, National Weather Service, Thomson Locations: Bengaluru

☆ Elon Musk's Twitter rate limits could damage the company's 'last best hope,' CEO Linda Yaccarino, ad experts say
▼ + stars: | 2023-07-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

On Saturday, Elon Musk introduced a controversial limit on how many tweets users can view daily. Ad experts told Reuters that could this undermine Linda Yaccarino's attempts to salvage the company. Elon Musk's controversial Twitter rate limits could damage CEO Linda Yaccarino's work to improve the company, ad experts told Reuters. And Mike Proulx, research director at Forrester, told Reuters the limits are "remarkably bad" for users and advertisers already agitated by Musk's "chaos." The Twitter CEO took over the role from Musk last month, a couple weeks before she was initially scheduled to start leading the company.

Persons: Elon Musk, Linda Yaccarino's, Lou Paskalis, Elon Musk's, Yaccarino, Mike Proulx, Forrester, Musk, she's, Kali Hays, Jack Dorsey, Twitter Organizations: Reuters, Morning, Bank of, AJL, Twitter, BBC, The New York Times, Financial Times Locations: NBCUniversal

☆ A former producer of hit TV show Entourage is launching an altruistic social network and says he doesn't want 'shitty users'
▼ + stars: | 2023-06-28 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

Whether it's misinformation on Facebook, privacy concerns at TikTok, or the perpetual cloud of controversy hovering over Elon Musk's Twitter, social media has an image problem. "Because of the hot mess that is legacy social media, I believe there's a real opportunity for disruption," Weiss said. That's what led him to found Roar Social, a social media startup based on the idea that "humans are hardwired for altruism." So I want the right users and to get the right users, you need to be a little patient." "Nothing is stopping McDonald's from selling filet mignon," he said, "they could do it well, they could do it cheaply, but no one's really gonna gonna go to McDonald's to buy the filet mignon.

Persons: Robert Weiss, Weiss, Melinda Gates, There's, it's, filet mignon, mignon, I'm, Bluesky, Jack Dorsey, he'll Organizations: Elon Musk's Twitter, Roar, MTV, Melinda Gates Foundation, Elon, Twitter Locations: TikTok

☆ Australia is threatening to fine Elon Musk's Twitter up to $475,000, saying that a third of all online hate complaints in the country come via the platform
▼ + stars: | 2023-06-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Australia's safety watchdog said Twitter is the most complained about platform in the country for online hate. There are currently an estimated 1,000 employees left at Twitter, Insider reported in May. "A third of all complaints about online hate reported to us are now happening on Twitter. "eSafety research shows that nearly 1 in 5 Australians have experienced some form of online hate. One research group even found that the use of the N-word jumped by 500% on Twitter after Musk's takeover, Insider reported in October.

Persons: Elon Musk, eSafety, Musk, Vijaya Gadde, Yoel Roth, Ella Irwin, Julie Inman Grant, Twitter, Linda Yaccarino Organizations: Twitter, Morning, Elon Musk's, First Nations Australian Locations: Australia

☆ Tucker Carlson ignores legal threat from Fox News and airs a new episode of his Twitter show, titled 'America's principles are at stake'
▼ + stars: | 2023-06-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

He weighed in on the charges against former President Donald Trump with a lengthy monologue. "Yes, Donald Trump is a flawed man, but his sins are minor compared to those of his persecutors," Carlson said. Fox accused Carlson of breaching his contract by starting a new show on Twitter, per an Axios report. The contract terms said Carlson's content would be exclusive through to the end of 2024, with his contract terminating in January 2025. Announcing his decision to launch the show, Carlson said Twitter was the only free-speech platform remaining in the world.

Persons: Tucker Carlson, Carlson, Donald Trump, Donald Trump's, Fox, Elon, Twitter Organizations: Fox News, Fox, Twitter, Dominion Voting Systems Locations: Miami

☆ Tucker Carlson has received 'cease-and-desist' letter from Fox News over new show on Elon Musk's Twitter, report says
▼ + stars: | 2023-06-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Fox News has sent a cease-and-desist letter to Tucker Carlson after the launch of his Twitter show. The network has accused Carlson of breaching his contract, Axios reported. Tucker Carlson has received a "cease-and-desist" letter from Fox News as his new Twitter show poses a fresh threat to the host's former network, Axios reported. Carlson's contract with Fox runs up until January 2025. In a statement to Axios last week, Carlson's lawyer Bryan Freedman said Fox News wants to take "Carlson's right to speak freely away from him."

Persons: Tucker Carlson, Carlson, Axios, Tucker, Fox, Donald Trump, Elon Musk, Bryan Freedman Organizations: Fox News, Morning, Twitter, Fox, Dominion Voting Systems, Elon Locations: Ukraine

☆ Explainer: Reddit protest: Why are thousands of subreddits going dark?
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +4 min

Subreddits such as r/Music, r/gaming, r/science and r/todayilearned - all with more than 30 million subscribers - are participating. Unlike most other social media platforms, Reddit is heavily dependent on community moderators, "or mods", who police their subreddits for free to weed out offensive or illegal content. What are third-party app developers saying? Elon Musk's Twitter in January restricted all third-party clients and apps and updated their rules for developers accessing its APIs. Reporting by Tiyashi Datta, Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Reddit, Steve Huffman, Christian Selig, Huffman, Elon, Tiyashi Datta, Akash Sriram, Jaspreet Singh, Devika Organizations: Apple Inc, Microsoft, New York Times, Elon Musk's Twitter, Twitter, Thomson Locations: Bengaluru

☆ Elon Musk's Twitter races to build a live video service as it woos right-wing media personalities
▼ + stars: | 2023-06-05 | by ( Kali Hays | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Elon Musk is zeroing in on building live video on Twitter, sources told Insider. Twitter is working on a series of video products and services, including a new live video offering, according to people familiar with the matter and advertising industry sources. The goal is to have reliable, high resolution live video capabilities on Twitter, similar to what is offered on YouTube Live and Instagram Live, the people familiar said. He "went live" on Twitter in early May through a low-quality live video stream while testing Periscope — "an accident," one of the people familiar said. Other Twitter video initiativesPeriscope is not Musk's only attempt to revive Twitter's video capabilities.

Persons: Elon Musk, Tucker Carlson's, Elon Musk's, Linda Yaccarino, Yaccarino, Musk, Let's, deb, witt, ould, revie, ater, Diva,, ann, l. "If Organizations: Engineers, Twitter, YouTube, itt Locations: usk

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