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☆ All the major retailers have started using Meta's new Threads platform — except Costco
▼ + stars: | 2023-07-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

All of the largest retailers have activated their accounts, with the notable exception of Costco. That's not to say Costco doesn't have a presence on Threads — it's just not official. Dozens of Costco fan pages have already activated their accounts and are racking up thousands of followers. Unless Threads shows it can drive those two behaviors, it seems the famously frugal Costco will be content to sit this one out. Look no further than its official Twitter account, which contains zero posts and a bio reading, "Our Twitter account is currently inactive.

Persons: That's, Costco execs Organizations: Costco, Service, Twitter, Walmart, Kroger, Facebook Locations: Meta, Wall, Silicon

☆ Threads beat ChatGPT to 100 million users but the AI app is way more consequential
▼ + stars: | 2023-07-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Zuck can be happy: Threads reached 100 million users faster than ChatGPT. Mark Zuckerberg had cause to celebrate over the weekend as Meta's newest app, Threads, passed the 100 million user milestone less than a week after its launch. The would-be Twitter competitor is now the fastest-growing app ever, beating ChatGPT, the generative AI chatbot that corporate America hasn't stopped talking about all year. But its leap to 100 million users had a massive jumpstart thanks to its integration with Instagram, whose billion-plus users are actively encouraged to download the new app if they fancy adding a new social-media timesuck onto their devices. ChatGPT, released to the public November 30, surpassed the 100 million user milestone in January.

Persons: Mark Zuckerberg, ChatGPT, America hasn't, Elon, Zuckerberg, Musk's, Insider's Kali Hays, Musk, That's Organizations: America, Twitter Locations: GPT

☆ Meta hits fresh 52-week high as 100M sign up for its Threads platform. Here's how to play the stock
▼ + stars: | 2023-07-10 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta hits fresh 52-week high as 100M sign up for its Threads platform. Here's how to play the stockJim Cramer, Joe Terranova of Virtus Investment Partners, Steve Weiss of Short Hills Capital and Roger McNamee of Elevation Partners discussed Meta's new platform Threads after it passed 100 million users and the stock hit a new 52-week high.

Persons: Jim Cramer, Joe Terranova, Steve Weiss, Roger McNamee Organizations: Virtus Investment Partners, Short Hills Capital, Partners

☆ Stocks making the biggest premarket moves: Advance Auto Parts, Icahn Enterprises, Meta, Fisker and more
▼ + stars: | 2023-07-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

An exterior view of the Advance Auto Parts store at the Sunbury Plaza. Check out the companies making the biggest moves before the bell:Advance Auto Parts — Advance Auto Parts declined 2.4% in the premarket after Atlantic Equities on Monday downgraded the stock to underweight, and cut its price target to $50. Meta Platforms — Shares of the social media company rose about 1% in premarket trading. Fisker — The electric vehicle maker's stock rose less than 1% after the company announced a $340 million convertible note offering, with the potential to increase it to $680 million. Charles Schwab — Shares of the brokerage firm rose 1.9% in premarket trading after JMP upgraded Schwab to market outperform from market perform.

Persons: Sam Hudson, Carl Icahn, Mark Zuckerberg, Fisker, Charles Schwab —, JMP, Schwab, Morgan Stanley, Yun Li, Sarah Min, Jesse Pound Organizations: Advance, Journal, Shockwave Locations: Sunbury

☆ Social media managers are blaming Elon Musk for the rise of Threads and other alternatives to Twitter
▼ + stars: | 2023-07-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Social media managers are making memes about new social apps that becoming more popular. Social media workers are now scrambling to stay on top of the new ways people are connecting online. With the launch of Meta's Threads and Black Twitter's migration to the Spill app, social media managers say they're overwhelmed by all the new platforms. For social media managers, this means developing a presence on new apps outside of Twitter, Instagram, Facebook, and TikTok. So while it's not certain whether any app will be able to dethrone Twitter, social media managers are say they're doing their best to keep up.

Persons: Elon Musk, Musk, Jack Dorsey, —, Guillaume Huin, Pedro Pascal, Huin Organizations: Meta, Social, Twitter, Facebook Locations: McDonald's

☆ Threads might be annoying Elon Musk no end – but he's still $137 billion richer than Mark Zuckerberg
▼ + stars: | 2023-07-08 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth is more than double Mark Zuckerberg's, per the Bloomberg Billionaires Index. Musk has become $106 billion richer this year and is now worth $243 billion. Zuckerberg is worth $106 billion after adding $60 billion to his total this year as Meta stock rose. Musk's net worth soared by $106 billion this year to $243 billion, according to the Bloomberg Billionaires Index. Zuckerberg, however, got just $60 billion richer, with his net worth now standing at $106 billion.

Persons: Elon, Mark Zuckerberg's, Zuckerberg, Elon Musk, Mark Zuckerberg, tweeting, Meta, Musk Organizations: Bloomberg, Twitter, Meta, Tesla

☆ Meta’s Threads is not Twitter killer, but will pose real threat to Twitter's growth: Analyst
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta’s Threads is not Twitter killer, but will pose real threat to Twitter's growth: AnalystJason Moser of Motley Fool discusses the rivalry between Meta's newly-launched Threads and Twitter in both user growth and advertising income.

Persons: Jason Moser, Motley

☆ Meta's Twitter rival Threads explodes to 50 million sign-ups one day after launch
▼ + stars: | 2023-07-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Meta's new Twitter competitor Threads has exploded in growth in its first full day since its public debut Wednesday night, fueled by Instagram's already massive userbase. The booming growth is helped along by the fact that Threads is tied to an existing social network, Meta's Instagram. "No one on the Threads engineering team is a former Twitter employee," Meta's communications director, Andy Stone, wrote on Threads in response to the letter. WATCH: Meta's Threads is not Twitter killer, but will pose real threat to Twitter's growth: Analyst

Persons: Jasmine Enberg, Elon Musk, Alex Spiro, Andy Stone, That's, aren't, Enberg, It's, Axios Organizations: Meta, Insider Intelligence, Twitter, Facebook, Republican, White Locations: Europe, Instagram

☆ MrBeast is giving away a Tesla to a random follower to celebrate the launch of Zuckerberg's Threads
▼ + stars: | 2023-07-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

MrBeast is giving away a Tesla to celebrate the launch of Meta's new Twitter rival, Threads. MrBeast currently has 2.4 million Threads followers, lower than the 21.6 million he has on Twitter. "To celebrate Threads launching, I'm gonna give this Tesla to a random follower in 48 hours! Rethread so people are aware," the popular YouTuber said in a Threads post on Thursday. He was the first person to reach a million Threads followers after the platform went live, per a listing on the Guinness World Records.

Persons: MrBeast, YouTuber, Meta's, Mark Zuckerberg, Jimmy Donaldson, Donaldson Organizations: Twitter, Guinness World Records, YouTube

☆ Instagram boss Adam Mosseri says Threads isn't for politics and news because it's not worth all the headaches they come with
▼ + stars: | 2023-07-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Instagram boss Adam Mosseri says Meta doesn't envision Threads to "replace Twitter." In a series of candid comments, he made clear the app won't go out of its way to welcome politics or news. "We just won't court them the way we have in the past," Mosseri wrote on Meta's new app. "We won't discourage or down-rank news or politics, we just won't court them the way we have in the past," Mosseri responded. "The goal isn't to replace Twitter," Mosseri said.

Persons: Adam Mosseri, Mosseri, Elon Musk, Mark Zuckerberg, Alexandria Ocasio, Barack Obama, Karine Jean, Pierre, Taylor Lorenz Organizations: Twitter, Service, Facebook, Democratic Rep, White, Washington Post, Elon, Capitol Locations: Wall, Silicon, Alexandria, Cortez, newsrooms

☆ Threads is an 'easy extension' of the Instagram model, syas Evercore ISI's Mark Mahaney
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThreads is an 'easy extension' of the Instagram model, syas Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell Overtime' to discuss Amazon's A.I. opportunities, AWS, and Meta's new text-based app Threads.

Persons: Evercore, Mark Mahaney Mark Mahaney

☆ Mark Zuckerberg says more than 5 million people signed up for Meta's Threads in the first 4 hours of the app's launch
▼ + stars: | 2023-07-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg said over five million people signed up for Threads in the first four hours of its launch. In comparison, Twitter estimated in 2022 that it had around 237.8 million daily active users. More than five million people have registered accounts for Meta's new Twitter rival, Threads, just four hours after its launch, according to Mark Zuckerberg. "Just passed 5 million sign ups in the first four hours," Zuckerberg wrote. Twitter estimated that it had around 237.8 million daily active users in 2022, just before Elon Musk bought the platform.

Persons: Mark Zuckerberg, Meta, Zuckerberg, Elon Musk, Musk, Musk's, Walter Isaacson Organizations: Twitter, Elon, Zuckerberg, Meta Locations: Instagram

☆ Investors looking for value should watch Japan, says First Eagle's McLennan
▼ + stars: | 2023-07-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors looking for value should watch Japan, says First Eagle's McLennanMatt McLennan, First Eagle, joins 'The Exchange' to discuss where McLennan is looking abroad for 'value' stocks, how McLennan's thoughts about Meta's new application Threads, and more.

Persons: Eagle's McLennan Matt McLennan, McLennan Locations: Japan

☆ Twitter accuses Meta of stealing trade secrets for its new Threads app
▼ + stars: | 2023-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter's lawyer wrote a letter to Facebook parent Meta on Wednesday, accusing the company of "systematic" and "unlawful misappropriation" of trade secrets following the launch of its Threads service. The letter from longtime Elon Musk attorney Alex Spiro alleged that Meta's new Twitter clone was built by former Twitter employees "deliberately assigned" to develop a "copycat" app. Spiro offered no concrete examples of Twitter employees using trade secrets to build the app, which notched millions of users within hours of its launch. "No one on the Threads engineering team is a former Twitter employee," Andy Stone, Meta communications director, posted on Threads. Spiro said Meta is "expressly prohibited" from crawling or scraping Twitter's follower data, without providing evidence that Meta has engaged in that activity.

Persons: Elon Musk, Porte, Twitter's, Alex Spiro, Semafor, Spiro, —, Andy Stone, That's, Musk, Meta, Linda Yaccarino Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de Locations: Paris, France

☆ Here is what Meta's Threads app looks like and how it compares to its main rival, Twitter
▼ + stars: | 2023-07-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Meta released Threads — a new text-based app poised to compete with Twitter — on Wednesday. There are other Twitter competitors, but Threads has the advantage of Instagram's existing user base. Here are some of the in-app differences between Twitter and Threads. Threads, Meta's new text-based app that has been described as the new "Twitter Killer," was released to the public ahead of time on Wednesday. Here are some of the differences between Twitter and Threads in-app experience.

Persons: Donald Trump's, Elon Musk, Musk Organizations: Twitter, Elon Locations: Instagram

☆ Welcome to Threads, Zuckerberg's friendly internet utopia where everyone gets along while watching Twitter crash and burn
▼ + stars: | 2023-07-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg bills Threads as a space for kindness — but he's not above using it to ding Elon Musk. Threads arrives as Twitter has another disastrous week. As the Meta chief put it on the new Threads app, the vision is "to create an open and friendly public space for conversation" for 1 billion-plus people. It's a highly calculated move to release a Twitter clone in a week of Twitter chaos. Threads can only be so friendly then if its growth, for now, comes from the conflagration at Twitter.

Persons: Mark Zuckerberg, Elon, Mark Zuckerberg's, Kevin Tan, Zuckerberg, hasn't, sassing, Elon Musk, Shona Ghosh, let's, It's Organizations: Twitter, SpaceX

☆ Twitter CEO throws shade at Mark Zuckerberg's Threads: 'We're often imitated – but the Twitter community can never be duplicated'
▼ + stars: | 2023-07-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Twitter CEO Linda Yaccarino appeared to diss Threads for imitating Twitter. Mark Zuckerberg has taken to dissing Twitter since his new social media app launched on Wednesday. New Twitter CEO Linda Yaccarino appeared to take a swipe at Meta's new rival to Twitter on Thursday. "We're often imitated — but the Twitter community can never be duplicated," she added. The tweet comes after Mark Zuckerberg's new text-based social media app, Threads, was released on Wednesday and millions of users flocked to the new platform.

Persons: Linda Yaccarino, Yaccarino, Mark Zuckerberg, Mark Zuckerberg's, Zuckerberg, hasn't, Elon Musk, Walter Isaacson Organizations: Twitter, Morning

☆ Threads has launched at an opportune time, but it'll be tough to outshine Twitter, analysts say
▼ + stars: | 2023-07-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

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

☆ Mark Zuckerberg's Meta launches Instagram's Threads app, a rival to Twitter amidst Elon Musk backlash
▼ + stars: | 2023-07-05 | by ( Samantha Kelly | ) edition.cnn.com time to read: +4 min

Meta's new Threads app Courtesy Meta“The vision for Threads is to create an option and friendly public space for conversation,” Meta CEO Mark Zuckerberg said in a Threads post following the launch. After downloading the app, users are asked to link up their Instagram page, customize their profile and follow the same accounts they already follow on Instagram. Verified Instagram accounts are also automatically verified on Threads. In this photo illustration, the app Threads from Meta seen displayed on a mobile phone. The escalating rivalry between the two companies only appears to have added to the rivalry between Musk and Meta CEO Mark Zuckerberg.

Persons: ”, Mark Zuckerberg, Meta, Elon Musk, Davide Bonaldo, ” parroting, Musk, “, Zuckerberg, –, Hanna Ziady Organizations: CNN, Facebook, Twitter, Meta, Wednesday, TweetDeck

☆ How to sign up for Threads, Meta's new Twitter competitor
▼ + stars: | 2023-07-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

The logo of Threads is displayed on a mobile phone screen in front of a computer screen displaying the logo of Instagram in Ankara, Turkiye on July 04, 2023. Meta will officially release Threads, its text-based Twitter competitor, on Thursday, but for those who want to get ahead of the launch, there's a way to access your invitation now. The rate limits drove users to competing apps like Bluesky, the app backed by Twitter co-founder Jack Dorsey, which experienced "record-high traffic" on Saturday. Although the app is set to launch in the U.S. on Thursday, users based in the EU will reportedly have to wait. Open the Instagram app, search "Threads"Open the Instagram app and open the Explore page by clicking the magnifying glass icon in the bottom left.

Persons: Elon Musk, Jack Dorsey Organizations: Meta, Facebook, Twitter, EU Locations: Ankara, Turkiye, U.S

☆ The new Instagram Threads app was briefly accessible from desktop. Here's what the Twitter rival looks like.
▼ + stars: | 2023-07-05 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Meta's new Twitter rival Threads was accessible from desktop for a few hours on Wednesday. The launch for the app is set for July 6, but profiles were visible on browser before Meta shut down access. Instagram's new Threads app was briefly visible from desktop on Wednesday, before Meta limited access. Rumors about the app have been swirling for months, and the app appeared on app stores over the weekend, as well as for "pre-download" starting July 3. Zuckerberg's first post on the Threads platform reads: "Let's do this.

Persons: Mark Zuckerberg, Adam Mosseri, Elon Musk, Zuckerberg's, Sydney Bradley Mosseri, We're, Meta execs, Marcos Mion, Alok, Becky Excell, Instagram Organizations: Meta, Twitter, Sydney, ActivityPub, Netflix, influencers Locations: Brazil

☆ It's a mistake to assume 'Threads' success will hurt Twitter, says Activate CEO Michael Wolf
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a mistake to assume 'Threads' success will hurt Twitter, says Activate CEO Michael WolfMichael Wolf, Activate Consulting CEO, joins 'Last Call' to talk Meta's new 'Threads' app and what it means for Twitter as Elon Musk rolls out more restrictions for non-paying users.

Persons: Michael Wolf Michael Wolf, Elon Musk Organizations: Twitter, Elon

☆ Watch CNBC's full interview with Michael Wolf
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Michael WolfMichael Wolf, Activate Consulting CEO, joins 'Last Call' to talk Meta's new 'Threads' app and what it means for Twitter as Elon Musk rolls out more restrictions for non-paying users.

Persons: Michael Wolf Michael Wolf, Elon Musk Organizations: Twitter, Elon

☆ Meta's new Twitter rival, a 'text-based conversation app' called Threads, is available to pre-download in the US
▼ + stars: | 2023-07-04 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +2 min

Instagram's new Twitter-like app, called Threads, is now available for pre-order in the US. The app is expected to officially drop July 6, according to its App Store description. The app, called Threads, is expected to officially drop July 6, according to its App Store description. Over the weekend, several people spotted that the new app was listed on the Google Play app store for Android. The app description currently reads:"Say more with Threads — Instagram's text-based conversation appThreads is where communities come together to discuss everything from the topics you care about today to what'll be trending tomorrow.

Persons: Alessandro Paluzzi, Alex Heath, Chris Cox, Jack Dorsey, Instagram, Sydney Organizations: Instagram, Morning, Google, Android, Twitter, Sydney Bradley Locations: Italian

☆ Elon Musk takes aim at Meta's new Threads app, saying 'thank goodness they're so sanely run' in response to data collection concerns
▼ + stars: | 2023-07-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Threads, Meta's app designed to compete with Twitter, has now appeared on the App Store. Meta's chief product officer previously said users were looking for a "sanely run" platform. Elon Musk fired that jibe back at Meta over its long list of users' data Threads will collect. Elon Musk returned a Meta executive's jibe back at the company as its Twitter competition app Threads, nears release. "Thank goodness they're so sanely run," Musk said of Meta this week, apparently sarcastically, in response to the news.

Persons: Elon Musk, We've, Musk, Mario Nawfal —, Jack Dorsey, Meta, Twitter, Dorsey, Insider's Kali Hays, Linda Yaccarino, It's, Dalai Organizations: Twitter, Meta, Oprah

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