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It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.
Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, , Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York
July 10 (Reuters) - Meta Platforms' (META.O) Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study. Mastodon has about 7.7 million total users, although fewer than 2 million of them actively use the service, according to daily user counts it provides. [1/2]Meta Threads app logo is seen in this illustration taken, July 6, 2023. Currently, there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.
Persons: Mark Zuckerberg, dethroning ChatGPT, Zuckerberg, Matthew Prince, Dado Ruvic, Jack Dorsey, Musk, Adam Mosseri, Meta, Katie Paul, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Rashmi Aich, Nick Zieminski Organizations: Elon Musk, UBS, Twitter, REUTERS, Meta, Thomson Locations: New York, Bengaluru
The results underscore the risk Meta poses to Twitter’s business and raise questions about how, or if, Twitter can stem its losses. Twitter traffic had already been trending downward for months, according to data from the internet infrastructure company Cloudflare and the web analytics firm Similarweb. “Twitter traffic tanking,” Prince said as he posted the chart. A Twitter rival but not quite a Twitter replacementFueling Threads’ rapid growth has been Meta’s use of Instagram as a springboard to sign up new users, along with what many Threads users have identified as a dissatisfaction with Twitter. But after a Threads user pointed out that the new app was not featured in Twitter’s trending topics tab, Zuckerberg replied “Concerning” with a crying-laughter emoji.
Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Twitter didn’t, Cloudflare, Matthew Prince, ” Prince, Similarweb, , David Carr, We’ve, Alex Stamos, , Stamos, ” Stamos, Kim Kardashian, Jeff Bezos, Axios, Adam Mosseri, Mosseri, Musk Organizations: Washington CNN, Twitter, Meta, Elon, CNN, , Stanford Internet Observatory, Facebook
Last week, Meta launched its latest social media venture, a Twitter alternative called Threads. For social media start-ups, attracting an audience is crucial to scaling a new product — but it can be near impossible to lure loyal users away from other platforms. New Threads accounts can easily migrate their information from Instagram, sharing their account data and username between the platforms. They have this pattern now of either launching or creating spin-off social media networks based on what's most popular at the time, then do it under their brand," Caraballo said. "It just is so dystopian to have one single person basically who oversees the entirety of all social media, at least in the Western world," Caraballo told Insider.
Persons: Mark Zuckerberg, Alexis Ohanian, Ohanian, , Instagram, Sarah Oh, we've, Adam Mosseri, Alex Heath, Elon, Alejandra Caraballo, Harvard Law School's, Caraballo, WhatsApp —, Elon Musk, Meta Organizations: Meta, CBS, Boston Herald, Twitter, Harvard Law, Facebook, Federal Trade Commission Locations: Instagram
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
CNN —When Elon Musk took over Twitter in October and began upending the platform, there weren’t many viable alternatives for frustrated users. ThreadsThreads is Meta’s long-anticipated answer to Twitter and the biggest threat to the social network Musk bought for $44 billion. And Zuckerberg isn’t just looking to catch up to Twitter; he wants to build a service that’s far larger. Spill has also emerged as a haven for Black Twitter users and marginalized communities seeking a safe space online. BlueskyBluesky, a service backed by Twitter co-founder Jack Dorsey, looks identical to Twitter, with one key difference.
Persons: Elon Musk, Musk, Mark, ” Sarah Oh, Alphonzo Terrell, Zuckerberg, hasn’t, ” Zuckerberg, Terrell, , ” Oh, Meta, , Jack Dorsey, Bluesky, Dorsey, Mastodon, It’s, Eugen Rochko, Cohost, reposts, don’t, Jae Kaplan, we’re Organizations: CNN, Twitter, Meta, San Francisco Bay Area, Cohost, , Facebook Locations: San Francisco Bay
Threads is integrated into Instagram, giving it potential access to roughly two billion monthly active users. Threads isn’t available in the European Union, where privacy watchdogs have long been concerned with how Meta handles users’ information. Being big doesn’t run afoul of antitrust law. Leveraging them to enhance the quality of Threads would not in and of itself violate antitrust laws, Mr. Melamed said. “The Threads example shows that big tech companies can also be valuable entrants, bringing new competitive pressure,” Mr. Francis said.
Persons: Nancy Rose, DealBook, ” Ms, Rose, , Doug Melamed, Melamed, , Daniel Francis, Mr, Francis, — Ephrat Livni Organizations: Federal Trade Commission, European Union, Massachusetts Institute of Technology, Twitter, Stanford Law School, Justice Department, New York University, Competition Locations:
Maintaining that idealistic vision for Threads - which attracted more than 70 million users in its first two days - is another story. To be sure, Meta Platforms (META.O) is no newbie at managing the rage-baiting, smut-posting internet hordes. For starters, the company will not extend its existing fact-checking program to Threads, spokesperson Christine Pai said in an emailed statement on Thursday. Asked by Reuters to explain why it was taking a different approach to misinformation on Threads, Meta declined to answer. INTO THE FEDIVERSEFurther challenges in moderating content are in store once Meta links Threads to the so-called fediverse, where users from servers operated by other non-Meta entities will be able to communicate with Threads users.
Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Christine Pai, Pai, Adam Mosseri, Instagram, satanists, Donald Trump, Meta's Pai, Alex Stamos, Solomon Messing, Katie Paul, Kenneth Li, Matthew Lewis Organizations: YORK, Meta, Reuters, New York Times, West Bank, Conservative, Stanford Internet Observatory, Center for Social Media, New York University, San, Thomson Locations: San Francisco
Jack Dorsey criticized Meta's Threads saying it is a 'Twitter clone' and lacks any originality. The Twitter co-founder claimed that various social media platforms have imitated Twitter. Jack Dorsey has taken another swipe at Meta's hot new app, Threads, bemoaning its lack of originality and calling it one of the many "clones" trying to imitate Twitter. Dorsey, Twitter's co-founder and former CEO, tweeted his complaints about Threads on Thursday saying: "We wanted flying cars, instead we got 7 Twitter clones." The image shows how similar the interface of platforms like Threads, Twitter, Mastodon, Bluesky — a decentralized social network made by Dorsey — and Not Boring are.
Persons: Jack Dorsey, Meta, Dorsey, Twitter's, Andy Allen, Dorsey —, Elon Musk, Mark Zuckerberg Organizations: Twitter, Facebook
Washington CNN —In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta. By promoting Threads through Instagram, and by sharing Instagram user data with Threads to let people instantly recreate their social networks, Meta has significantly greased the onboarding process. The issue isn’t limited to the realm of social media. Rather than viewing it through the lens of a social media market, one helpful way to look at the issue is from the perspective of the advertising market, he said. That could lead to further antitrust scrutiny for Meta even if the question about competition in social media is ambiguous.
Persons: Elon, Meta, Mark Zuckerberg, , Instagram, Musk, ” Reddit, Alexis Ohanian, Ohanian, Agustin Reyna, Reyna, Adam Mosseri, Geoffrey Manne, ” Manne, Zuckerberg, Manne, Jeff Blattner, Mosseri, Charlotte Slaiman, Organizations: Washington CNN, Meta, Twitter, EU, Google, Center for Law Locations: Europe, Brussels, Portland , Oregon, Washington
[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
Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout. THREADS HAS CERTAIN LIMITATIONSMeta's Threads app logo is seen in this illustration taken July 4, 2023. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Currently there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.
Persons: Zuckerberg, Elon Musk, Mark Zuckerberg, Twitter's, Jasmine Enberg, Twitter, Meta, Niklas Myhr, Jack Dorsey, Bluesky, Dado Ruvic, hasn't, Marques Brownlee, Linda Yaccarino, Musk, Pinar Yildirim, Aditya Soni, Yuvraj Malik, Bansari Mayur, Akash Sriram, Shounak Dasgupta Organizations: Meta, Twitter, Intelligence, Chapman University, REUTERS, Facebook, University of Pennsylvania's Wharton, Thomson Locations: Las Vegas, Bengaluru
While Threads is a standalone app, users can log in using their Instagram credentials, which makes it an easy addition for Instagram's more than 2 billion monthly active users. Twitter, by comparison, had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout of the social media platform. Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Overall, analysts said Threads was a strong competitor to Twitter, which has been rocked by abrupt decisions by Musk.
Persons: Elon Musk, Kim Kardashian, Gordon Ramsay, Niklas Myhr, Mark Zuckerberg, Pinar Yildirim, Jack Dorsey, Bluesky, Zuckerberg, Musk, Jasmine Enberg, Marques Brownlee, hasn't, Aditya Soni, Yuvraj Malik, Bansari, Shounak Dasgupta Organizations: Twitter, Chapman University, Facebook, University of Pennsylvania's Wharton, Intelligence, Bloomberg News, Union, Thomson Locations: Las Vegas, Bengaluru
Meta takes aim at Twitter with Threads app, millions join
  + stars: | 2023-07-06 | by ( Katie Paul | ) www.reuters.com   time to read: +5 min
Welcome to Threads," Meta CEO Mark Zuckerberg wrote in his first post on the app, along with a fire emoji. Others saw the launch of Threads as an opportunity to create a less toxic version of Twitter. Much like Twitter, the app features short text posts that users can like, re-post and reply to, although it does not include any direct message capabilities. Instagram users who sign up for Threads automatically have a badge affixed to their Instagram profile, but can opt to hide it. Zuckerberg, responding to a user who predicted Twitter's demise about an hour after the Threads launch, cautioned patience.
Persons: Elon Musk, Kim Kardashian, Jennifer Lopez, Representative Alexandria Ocasio, Mark Zuckerberg, Meta, Danni Hewson, AJ Bell, Cortez, Zuckerberg, Musk, hasn't, Instagram, Ryan Detert, Jack Dorsey, Dorsey, Katie Paul, Sheila Dang, Jamie Freed, Josh Ye, Brenda Goh, Chavi Mehta, Bansari, David Gregorio, Christopher Cushing, Edwina Gibbs Organizations: YORK, Wednesday, Democratic U.S, Representative, Twitter, Spiderman, Meta, TWITTER, Brands, Billboard, HBO, NPR, Netflix, Thomson Locations: Cortez, Las Vegas, Instagram
[1/2] Meta's Threads app and Twitter logos are seen in this illustration taken July 4, 2023. Welcome to Threads," Zuckerberg wrote in his first post on the app, along with a fire emoji. Instagram users who sign up for Threads automatically have a badge affixed to their Instagram profile, but can opt to hide it. "The reality is that Meta doesn't need to convert Twitter power users into Threads users" to succeed, she said. Zuckerberg, responding to a user who predicted Twitter's demise about an hour after the Threads launch, cautioned patience.
Persons: Dado Ruvic, Mark Zuckerberg, Elon Musk, ramping, Zuckerberg, Meta, Danni Hewson, AJ Bell, Musk, hasn't, Instagram, Shakira, Sheryl Sandberg, Ryan Detert, Jack Dorsey, Dorsey, Jasmine Enberg, Katie Paul, Sheila Dang, Chavi Mehta, Bansari, David Gregorio, Christopher Cushing Organizations: REUTERS, Twitter, Brands, Billboard, HBO, NPR, Netflix, Meta, Insider Intelligence, Thomson Locations: Las Vegas, Instagram
[1/2] Meta's Threads app and Twitter logos are seen in this illustration taken July 4, 2023. Welcome to Threads," Zuckerberg posted on the app, along with a fire emoji. "I find it hard to imagine that the most avid loyal Twitter users who go to Twitter for that type of culture will defect and go immediately to Threads." Still, she said, Meta only needs to convince a quarter of Instagram's users to join Threads in order to rival Twitter's size. "The reality is that Meta doesn't need to convert Twitter power users into Threads users."
Persons: Dado Ruvic, Mark Zuckerberg, Elon Musk, Zuckerberg, Meta, Danni Hewson, AJ Bell, Musk, Matt Navarra, Shakira, Sheryl Sandberg, Ryan Detert, Jack Dorsey, Dorsey, Jasmine Enberg, Katie Paul, Sheila Dang, Chavi Mehta, Bansari, David Gregorio, Christopher Cushing Organizations: REUTERS, Twitter, Meta, Google, Brands, Billboard, HBO, Variety, Insider Intelligence, Thomson Locations: Las Vegas, Instagram
Adam Mosseri, Instagram's CEO, said making Threads a separate app is risky, The Verge reports. He said Threads as a standalone app will pose a challenge in attracting new users. The app's launch comes as some Twitter users seek alternative platforms after Elon Musk's takeover. They considered making Threads part of the platform's feed or a separate tab, but ultimately chose to make it a standalone app. When reached for comment, Christine Pai, an Instagram spokesperson, told Insider that a separate app is necessary to keep Instagram the way it is.
Persons: Adam Mosseri, Mosseri, Christine Pai, Pai, Mark Zuckerberg Organizations: Elon, Morning, Twitter, Meta
Meta is promoting its new app, Threads, with strong links to Instagram — but so far it is missing most of the app's biggest users. Just six of the top 20 most-followed Instagram accounts have signed up to the Twitter-competitor app so far. It also looks like @instagram is the only account to reach 1 million followers on Threads, as of Thursday morning. That makes sense considering it's also the most-followed account on Instagram with 645 million followers, but the next six-biggest accounts are yet to appear on Threads. Mark Zuckerberg said 10 million users signed up to Threads in the first seven hours.
Persons: Kardashian, Kendall, Kylie Jenner aren't, it's, Lionel Messi, Cristiano Ronaldo, Selena Gomez, Dwayne, Johnson, Kendall Jenner aren't, Kim Kardashian, Beast, you've, Mark Zuckerberg, Zuckerberg Organizations: Twitter, Meta, Elon Locations: Instagram
Zuckerberg's latest not-quite-innovation comes in the form of Threads, an Instagram-based Twitter competitor. Musk, meanwhile, replied with a laughing emoji to a Tweet saying that Threads was a straight copy-and-paste of Twitter. For every copycat product that Zuckerberg has rolled out over the years to great success, others have failed to gain traction. "Despite all the frustration," Ives says, "many people start their day with coffee, brushing their teeth and looking at Twitter." Here are some notable copycat apps and features rolled out under Zuckerberg's leadership.
Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Dan Ives, Ives, it's Organizations: Facebook, News, Meta, Twitter, Wedbush Securities, Mastodon
Meta launched Threads social media platform — its answer to Twitter — on Wednesday. 10 million users signed up for Threads in the first seven hours of its launch, per CEO Mark Zuckerberg. Analysts say it could be tough for Threads to outshine Twitter's existing power user base. And even though Threads launching at an advantageous time, at least four Wall Street analysts say it could be challenging to outshine the incumbent. After all, it could be difficult to get Twitter users to move, Billy Duberstein, a portfolio manager at Stone Oak Capital, wrote on the Motley Fool website on Wednesday.
Persons: Meta, Mark Zuckerberg, Elon Musk, Daniel Newman, Newman, hough, witter, ost.News,, ike P roulx,, rove, ames, rian W ieser, Organizations: Twitter, Morning, Elon, Meta, Futurum, Wall Street, otley, NBC
Over 5 million users signed up for Threads in the first four hours of its launch, per Meta CEO Mark Zuckerberg. Meta CEO Mark Zuckerberg ratcheted his rivalry with Twitter owner Elon Musk as Meta rolled out its Threads app to users in 100 countries on Wednesday. Over five million users signed up for the app in the first four hours of its launch, Zuckerberg posted on Threads. The app somewhat resembles Twitter, leading Zuckerberg to post his first tweet in a decade — the famed Spider-Man pointing at Spider-Man meme. To be sure, Meta's Threads isn't the only game in town trying to the Twitter Killer.
Persons: , Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Meta, Instagram, Billy Duberstein, Jack Dorsey —, Donald Trump's, Matthew Loh, Duberstein, Insider's Sydney Bradley, Amanda Perelli Organizations: Twitter, European Union, Bloomberg, Meta, Stone Oak Capital
It was also the top free app in Apple's App Store as of Thursday morning. It's built on top of Instagram and is automatically linked to a user's account on the photo-sharing app. Initially, users could only access the service through a roundabout way in the Instagram app. How to use ThreadsUsers are required to have an Instagram account in order to use Threads. Zoom In Icon Arrows pointing outwardsThreads appear in a scrolling feed, where users can like, reply, repost or quote other users' threads.
Persons: Emin Sansar, Mark Zuckerberg, Elon Musk, Jack Dorsey, It's Organizations: Anadolu Agency, Getty, Twitter
CNN —Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat. On Wednesday, an attorney representing Twitter sent Meta CEO Mark Zuckerberg a letter that accused the company of trade secret theft through the hiring of former Twitter employees. “No one on the Threads engineering team is a former Twitter employee — that’s just not a thing,” he said on Threads. Unlike some Twitter rivals, Threads has experienced rapid growth, with Zuckerberg reporting 30 million user sign-ups in the app’s first day. As of Thursday afternoon, Threads was the number-one free app on the iOS App Store.
Persons: Mark Zuckerberg, Alex Spiro, Elon Musk, Meta, Musk, Meta “, ” Spiro, , Andy Stone, , — that’s, Jack Dorsey, Zuckerberg, Carl Tobias, ” Tobias Organizations: CNN, Twitter, Semafor, University of Richmond, Meta
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
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