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☆ LatAm startups lay off staff, expect more IPOs next year - report
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Aug 30 (Reuters) - Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture capital funding fell sharply in the region, according to "Latin America Digital Transformation" report by venture capital fund Atlantico. Venture capital funding in the second quarter slumped 65% in Latin America, compared with last year, and down more than the 49% globally during the reported period. As the volume of IPOs recovers globally, venture capitalists and Latin American unicorns may return to capital markets. Fintechs are among the fastest growing startups in the region, with digital payment systems such as the Central Bank of Brazil's PIX scheme helping to increase bank account penetration in the region. The launch of a new digital payment system in Mexico, as well as the arrival of digital banks, can change the scenario, according to the report.

Persons: IPOs, Julio Vasconcellos, Tatiana Bautzer, Sherry Jacob, Phillips Organizations: Atlantico, Venture, SoftBank, Arm Holdings, Central Bank of, Thomson Locations: Latin America, Atlantico, Argentina, Mexico

CNN —X, the platform formerly known as Twitter, is hiring for its safety and elections teams ahead of the 2024 US presidential election and will again allow political ads for the first time since 2019. Shortly after his takeover, Musk laid off huge swaths of the company’s staff, including many employees responsible for safety, platform manipulation and election policy. It also follows criticism by Musk about how the platform’s previous leadership handled political discourse, including claims of censorship. X added that it is following through on a commitment to allow expanded political advertising. On Tuesday, X said promoted political posts would again be allowed and that the ads would be subject to certain policies.

Persons: “, Elon Musk, Musk, ”, ” X, X Organizations: CNN, Twitter, Digital Services Locations: X’s

☆ Abortion politics take center stage after Biden campaign capitalizes on GOP debate rift
▼ + stars: | 2023-08-26 | by ( Arit John | ) edition.cnn.com time to read: +8 min

The GOP divide was laid bare on the debate stage this week, as candidates backed a 15-week abortion ban, deferred to the states or tried to split the difference. “There’s no real consensus at this point.”Biden’s reelection campaign has also homed in on remarks GOP candidates made on abortion during the debate. The ad, aimed at women in seven battleground states, is part of a $25 million ad campaign CNN first reported earlier this week. Republicans have begun to coalesce around the idea of a federal abortion ban after 15 weeks of pregnancy. Pence used his remarks at the same conference to call on every GOP candidate to back a 15-week ban as a national standard.

Persons: Roe, Wade, Joe Biden’s, ”, Whit Ayres, “, ” Biden’s, Republicans “, Biden’s, Donald Trump, Donald Trump , South Carolina Sen, Tim Scott, Ron DeSantis, ” Biden, Julie Chavez Rodriguez, Dobbs, Jackson, Trump –, Georgia –, Tom Bonier, Bonier, they’ve, DeSantis, Susan B, Anthony Pro, ” Marjorie Dannenfelser, Kellyanne Conway, Nikki Haley, Asa Hutchinson, Doug Burgum, Mike Pence, Scott, Pence, CNN’s Dana Bash, Trump, ” Trump, Ayres, they’ll Organizations: CNN, Republican, GOP, Democratic, Republicans, ” CNN, Florida Gov, MAGA Republicans, Associated Press, NORC, for Public Affairs Research, Voters, Biden, America, Washington, Trump White House, UN Ambassador, South Carolina Gov, Arkansas Gov, Asa Hutchinson , North Dakota Gov, Thursday Fox, Trump, Freedom Coalition Locations: Donald Trump , South Carolina, Florida, U.S, Nevada , Arizona , Pennsylvania, Georgia, Arkansas, Asa Hutchinson , North

REUTERS/Phil NobleAug 14 (Reuters) - Ford Motor (F.N) on Monday named former Apple (AAPL.O) executive Peter Stern as the president of its newly formed Ford Integrated Services unit to help build new high-margin digital and subscription services. Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will report to Ford CEO Jim Farley. In his new role, Stern will focus on integrating hardware, software and services across the company's Ford Blue, Model e and Ford Pro units. Ford now has more than 550,000 paid software and services subscribers, more than 80% of them through the Ford Pro commercial unit. "The basis for differentiation is shifting from the vehicles alone to the integration of hardware, software and services," Stern said.

Persons: Phil Noble, Peter Stern, Stern, Jim Farley, Ford, Doug Field, Michael Abbott, Farley, Ford's, We're, Nathan Gomes, Paul Lienert, Krishna Chandra Eluri, Sharon Singleton, Jonathan Oatis Organizations: Ford, REUTERS, Monday, Apple, Ford Integrated Services, Ford Pro, General, Thomson Locations: Liverpool, Britain, United States, Bengaluru, Detroit

☆ Ford exec expects software to boost revenue for commercial trucks, vans
▼ + stars: | 2023-08-10 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/3] A model of the Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File PhotoCompanies Ford Motor Co FollowAug 10 (Reuters) - Ford Motor (F.N) expects to incorporate more and better software into the trucks and vans in its highly profitable Ford Pro commercial vehicle business and grow revenues by $4,000-$5,000 per vehicle by 2026, a top executive said on Thursday. Navin Kumar, chief financial officer of Ford Pro, said the automaker would look to boost revenue with software- and data-driven fleet services, safety and security services, partial vehicle autonomy and insurance. Ford Pro will continue to offer a full portfolio of combustion engine, hybrid electric and full electric vehicles, Kumar said. Its second-generation EVs, including the successor to the F-150 Lightning pickup, will be more profitable, in terms of their ability to generation additional software and services revenue.

Persons: Rebecca Cook, Navin Kumar, Kumar, Morgan, Paul Lienert, David Gregorio Our Organizations: Ford, Ford Motor Company, REUTERS, Ford Pro, Transit Courier, Thomson Locations: Dearborn , Michigan, U.S, Europe, Detroit

☆ Here are Wednesday's biggest analyst calls: Nvidia, Rivian, Peloton, UPS, Eli Lilly, DraftKings and more
▼ + stars: | 2023-08-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Home Depot and Lowe's as buy UBS said it sees next week's earnings reports for the home improvement retailers as a "low impact" event. JPMorgan upgrades DraftKings to neutral from underweight JPMorgan upgraded DraftKings mainly on valuation after Disney and Penn announced a partnership Tuesday. Bank of America reiterates Rivian as buy Bank of America said the electric vehicle maker is in the right place at the right time. UBS downgrades UPS to neutral from buy UBS downgraded the stock after its earnings report Tuesday and said it's concerned about cost pressures. Bank of America reiterates Nvidia as buy Bank of America said it's standing by its buy rating on the stock. "

Persons: BTIG, it's, JPMorgan, Berenberg, Marqeta, Rivian, Jefferies, Eli Lilly, GLP, LLY, Wells, Wells Fargo, Jensen Huang, Goldman Sachs Organizations: Bank of America, Walmart, UBS, JPMorgan, Disney, Penn, Barclays, Dish, State, EV, UPS, Industries, " Bank of America, Nvidia Locations: 2Q24, LLY, GTLS

☆ Want to work in tech? Don't work in tech.
▼ + stars: | 2023-08-08 | by ( Tien Tzuo | ) www.businessinsider.com time to read: +8 min

I advise young engineers today to work for Fortune 500 companies, not Big Tech. Today, however, he's working on a project for a different kind of tech company: John Deere. There is no magic at Big Tech companies, there's only money. And Fortune 500 companies simply don't have the luxury of buying talent just to park it. Today, all companies are tech companies, and they all want to see more recurring revenue in their business models, which means they need smart, restless engineers.

Persons: moonshots, Jon Weisz, John Deere, Weisz, Peter Thiel, that's, Philips, Ford, Tien Tzuo, Tzuo Organizations: Fortune, Big Tech, Corporations, Oracle, Apple, Nike, Honeywell, Volvo, Boeing, Whirlpool, Technologists, Facebook, Consumer, SEI, Microsoft, EV, Cornell, Stanford Locations: Columbia, Baltimore, Hulu, Atlanta, Salesforce

☆ New York Times Revenue Rises 6.3%
▼ + stars: | 2023-08-08 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Meredith Kopit Levien, the company’s president and chief executive, said in a statement that more than a third of the nearly 10 million subscribers were now subscribed to more than one Times product. She said more than half of the new digital subscribers added in the last quarter subscribed to the entire bundle of products that The Times offers. Advertising revenue more than doubled in that period, to $5.4 million. At the end of the quarter, there were more than 3.6 million subscribers with either a stand-alone Athletic subscription or who can access the sports site through a Times bundle subscription. Last month, The Times said it would disband its sports desk in the coming months and instead integrate more sports coverage from The Athletic.

Persons: Meredith Kopit Levien, ” Ms, Levien Organizations: Times, Athletic, The Athletic

Now, two prominent senators are pushing to create a new federal agency to rein in the power of Big Tech. Elizabeth Warren, Democrat of Massachusetts, and Lindsey Graham, Republican of South Carolina, plan to introduce the Digital Consumer Protection Commission Act, which they say would restrain tech titans while letting them continue to innovate. But these companies have fought hard against increased oversight, and it’s unclear how a new agency will fit into a Washington already full of regulators. The bill is in the vein of legislation that established agencies to oversee fast-growing industries, much like how Congress created the Interstate Commerce Commission, the Federal Communications Commission and the Nuclear Regulatory Commission. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security and stomped out competition in our economy,” Ms. Warren told DealBook’s Ephrat Livni.

Persons: Elizabeth Warren, Lindsey Graham, Ms, Warren, DealBook’s Ephrat Livni Organizations: Apple, Meta, Microsoft, Big Tech, Republican, Digital Consumer Protection, Interstate Commerce Commission, Federal Communications Commission, Nuclear Regulatory Commission Locations: Massachusetts, South Carolina, Washington

Senator Elizabeth Warren (D-MA) listens during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., April 18, 2023. In addition to creating the regulatory commission, the proposed law would tighten antitrust law to forbid the companies from preferencing their own products over those of rivals. "This bipartisan bill would create a new tech regulator and makes clear that reining in Big Tech platforms is a top priority on both sides of the aisle," said Warren in a statement. Graham said the creation of the regulatory commission was "the first step in a long journey to protect American consumers from the massive power these companies currently wield." Amazon declined comment while Facebook and Google did not respond to a request for comment on the proposal.

Persons: Elizabeth Warren, Amanda Andrade, Rhoades, Lindsey Graham, Warren, Graham, Diane Bartz, Matthew Lewis Organizations: Banking, Housing, Urban Affairs, Capitol, REUTERS, WASHINGTON, Democrat, Republican, Facebook, Google, Big Tech, Federal Trade Commission, Digital Consumer Protection, Thomson Locations: Washington , U.S, Big Tech, Washington

☆ How the right software solutions can help your business observe and secure its applications
▼ + stars: | 2023-07-26 | by ( Sponsor Post | Created Insider Studios With Cisco | ) www.businessinsider.com time to read: +6 min

New digital business models generate immense growth opportunities, but also increase risk. Businesses need to move beyond traditional application monitoring to full stack observability to identify and mitigate vulnerabilities and ensure optimal performance. Cisco's Business Risk Observability is an enhancement upon and part of Cisco Full Stack Observability. Assessing risk with Cisco Full Stack ObservabilityCisco's Business Risk Observability helps shore up businesses from attacks and challenges. Find out more about how Cisco's Full Stack Observability can help you identify vulnerabilities.

Persons: Randy Birdsall, They're, Birdsall, We're, Cisco Kenna Organizations: Business, IT, IDC, Cisco AppDynamics, Cisco, Cisco Panoptica, Insider Studios

☆ Rep. French Hill: Digital assets bills will provide regulatory framework and clarity to the markets
▼ + stars: | 2023-07-26 | 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 EmailRep. French Hill: Digital assets bills will provide regulatory framework and clarity to the marketsHouse Financial Services Committee vice chair and chair of the Digital Asset Committee Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss two new digital assets bills crafted by the Agriculture and Financial Services Committees, which seeks to establish a regulatory framework for crypto and spur innovation while protecting consumers and market participants, possible impeachment inquiry into President Biden, and more.

Persons: Biden Organizations: Rep, Financial, Digital, Agriculture

☆ Behold, the Orb: I can't stop thinking about Sam Altman's dystopian eyeball-scanning device
▼ + stars: | 2023-07-25 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

The orbs, shiny sculptural spheres that scan the eyeballs of new members, seem to have become the company's dystopian symbol. But Worldcoin's Orbs look more like inscrutable machines than something mythological. Worldcoin has said it has emphasized privacy in designing a system based on extracting eyeball scans. And the eyeball scans get erased, according to Worldcoin. Worldcoin has said that "World IDs" don't contain any eyeball scans or iris data.

Persons: Sam Altman's, Worldcoin, Sam Altman trumpeted, Alex Blania, Donald Trump, Tim Sweeney, It's Organizations: Twitter, Epic, pitchfork, MIT Technology Locations: Lisbon, Singapore, Sands, Miami, Tokyo

☆ 3 trends that will redefine sports media as the industry reckons with layoffs, AI, and more
▼ + stars: | 2023-07-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

More news jobs have already been cut this year than in all of 2022 and 2021, per a firm that tracks layoffs. Industry experts explain the three media trends that could replace traditional sports journalism. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

Persons: Andy Challenger, It's, Challenger's, Challenger, Conrad Wiacek, Wiacek, Pat McAfee, CJ McCollum, McAfee, famer David Ortiz, JJ Redick, isn't, Tim Hanlon, Hanlon, They're Organizations: ESPN, New York Times, Sports Illustrated, Warner Bros, The Athletic, NFL Media, Times, Los Angeles Times, Industry, Sports, YouTube, Indianapolis Colts, NBA, famer, Leagues, MLS, LA Times, Associated Press, Minor League Baseball Locations: FanDuel, pickleball

☆ The Grim Reaper is coming for the sports desk. Here's what industry experts say could take its place.
▼ + stars: | 2023-07-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Industry experts explain the three media trends that could replace traditional sports journalism. But Challenger and other experts say the demand for sports content isn't going anywhere: it's just going to look, and sound, a little different. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

☆ Quiznos is bringing back Spongmonkeys, its creepy rat-like mascots from 20 years ago, as the restaurant looks for a comeback
▼ + stars: | 2023-07-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Quiznos is bringing back the Spongmonkeys, its pair of creepy corporate mascots. The last time the mascots were the face of Quiznos, the brand occupied a much bigger place on the American restaurant scene. The Spongmonkeys last appeared in an ad for the chain in 2005, when Quiznos had about 4,000 locations, according to Restaurant Business Online. "Quiznos' decline is the biggest in restaurant industry history," Restaurant Business reported in its own coverage of the Spongmonkeys' return on Tuesday. "The return of the brand's most famous mascots, the Spongmonkeys, marks the resurgence of Quiznos."

Persons: Quiznos, Tim Casey Organizations: Service, Business Locations: Wall, Silicon

☆ Prepare to show your ID at TSA this summer, even if you're paying $189 to scan your eyeballs instead
▼ + stars: | 2023-07-17 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

All Clear members will have their identity verified by the TSA in the future, the agency says. For $189 a year, Clear members can cut airport security lines with "touchless" ID verification. Clear, a privately-owned security program available in most major airports, allows members to cut security lines with its "touchless" ID verification system. While it may seem like a minor change, increasing ID checks for Clear members could upend the company's already fragile competitive edge. Clear did not immediately respond to follow-up questions about when the new digital identity standards will roll out in airports.

Organizations: TSA, Washington Post, Clear, DHS, Technology

☆ Canada just launched a new digital nomad program—here's what you need to know
▼ + stars: | 2023-07-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

If you've ever dreamed of living and working remotely in Canada, now's your chance: The Canadian government just announced a new immigration program for digital nomads. Under current Canadian immigration rules, digital nomads working for a foreign employer can stay in the country under visitor status for up to six months. The main motivation behind Canada pitching itself as a destination for digital nomads is the labor shortage it faces in "key tech occupations," Fraser adds. Canada joins a growing list of more than 30 countries that have introduced similar programs to attract digital nomads, including Spain and Portugal. If you're interested in applying for a temporary Canadian visa, you'll need a government-issued passport and proof of income.

Persons: you've, now's, we're, Sean Fraser, Fraser, Masha Sutherlin, Sutherlin Organizations: CNBC, Randstad, U.S, Canada Locations: Canada, Canadian, Randstad Canada, New York, San Francisco, Spain, Portugal, UAE, Los Angeles

☆ These ancient Egyptian paintings were hiding a secret
▼ + stars: | 2023-07-13 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

Explore the universe with news on fascinating discoveries, scientific advancements and more.CNN —Researchers using a cutting-edge technique have discovered hidden details in two ancient Egyptian paintings in the Theban Necropolis, near the River Nile, that date back more than 3,000 years. Using portable chemical imaging technology, the researchers identified alterations made by the artists that are rare in Egyptian paintings, commonly thought to be the product of highly formalized workflows. We want to understand how these paintings were made.”X-ray fluorescence in chemical imaging technology helps to reveal alterations made in Egyptian tomb paintings that may not seem obvious to the naked eye. “It demonstrates the potential value of quantitative data, obtained through scientific analysis, for a more comprehensive and less subjective interpretation of ancient Egyptian art,” she said. “And the adaption of portable (X-ray) instruments as mobile devices designed for use in the field is a very exciting advancement in the study of ancient Egyptian wall paintings.”

Persons: ”, Philippe Martinez, Amenhotep III, Mona Lisa of Egypt, ” Martinez, “, Menna, Osiris, Ramesses II, Martinez, I’m, ” Joann Fletcher, Lorelei Corcoran Organizations: CNN —, Sorbonne University, MAFTO, UK’s University of York, of Egyptian Art, University of Memphis Locations: Paris, Egypt, Menna, Luxor, Tennessee

☆ Goldman picks a raft of discounted global stocks — and gives two more than 100% upside
▼ + stars: | 2023-07-12 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Analysts at Goldman Sachs have picked a number of global stocks it says are trading at a discount — and said two of its picks could rise more than 100% over the next 12 months. The analysts picked telecommunications company BT Group , giving it an estimated 130% potential upside in the next year. Goldman also gave Lloyds Bank potential upside of 78%, and said South African technology group Naspers could rise by 71% over 12 months. 'Upside risks' The stocks all appear on Goldman's list called "value buys with earnings upside potential." The bank gave Intesta Sanpaolo a 58% potential upside to its 12-month price target.

Persons: Goldman Sachs, John Sawtell, Goldman, Andrew Lee, Sanpaolo, Chris Hallam, — CNBC's Michael Bloom Organizations: Goldman, BT Group, BT, Natwest, Deutsche Bank, Lloyds Bank, Porsche Locations: African

☆ Microsoft-Activision ruling highlights Lina Khan's struggles to fight tech
▼ + stars: | 2023-07-11 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Khan first emerged in antitrust circles for her critiques of how antitrust enforcement overlooked potential abuses by Amazon . The ruling means the parties are closer to being able to complete their merger by their July 18 deadline. "In the coming days we'll be announcing our next step to continue our fight to preserve competition and protect consumers." It's not the first time a judge has looked dubiously on the FTC's antitrust enforcement theories under Khan. WATCH: Judge denies FTC request for preliminary injunction to stop Microsoft-Activision deal

Persons: Lina Khan, Lina Khan's, Khan, Joe Biden, Jacqueline Scott Corley, Corley, Microsoft's, we'll, It's, Matt Stoller, Stoller, –, Microsoft — Organizations: Energy, Securities and Exchange Commission, Federal Trade, Microsoft, Activision Blizzard, FTC, Activision, PlayStation, Nintendo, U.K, Competition, American Economic Liberties, Twitter, Biden, CNBC, YouTube Locations: Rayburn

☆ Intesa CEO: bank to expand in wealth management thanks to technology
▼ + stars: | 2023-07-11 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

MILAN, July 11 (Reuters) - Thanks to cost-saving investments in technology, Intesa Sanpaolo (ISP.MI) plans to grow its market share in wealth management without having to make any acquisitions, Chief Executive Carlo Messina said on Tuesday. Presenting a new digital financial advisory service for private banking customers, weeks after launching the group's new digital bank for mass-market clients, Messina said Intesa was increasingly acquiring fintech features. In a similar fashion, Intesa said it was lunching Fideuram Direct, using technology to serve younger and less demanding private banking clients. "We can imagine for example the son of one of our private banking customers as a Fideuram Direct customer," he said. Fideuram Direct, the new digital service, has already 60,000 clients and 2.5 billion euros in AUMs, Intesa said.

Persons: Intesa, Carlo Messina, Messina, Tommaso Corcos, Corcos, Valentina Za, Alvise Armellini, Keith Weir Organizations: MILAN, Thomson Locations: AUMs

☆ 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

☆ Mark Zuckerberg just launched the Twitter killer Threads app and wants to get '1 billion+ people on it'
▼ + stars: | 2023-07-06 | by ( Huileng Tan | Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

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

☆ Mark Zuckerberg posted a Spiderman meme in his first tweet in a decade — a self-aware reference to his Twitter competitor, Threads
▼ + stars: | 2023-07-06 | by ( Azmi Haroun | Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Meta CEO Mark Zuckerberg tweeted for the first time in a decade on Wednesday. He posted an all-time classic meme on Twitter — the Spider-Man pointing at Spider-Man meme. It appeared to be a reference to Instagram's new Twitter competitor, Threads — which looks similar. Meta founder Mark Zuckerberg tweeted for the first time in a decade on Wednesday, using a Spider-Man meme to mark the launch of Instagram's rolled out Threads, a Twitter competitor. The app functionally resembles Twitter to some degree, leading Zuckerberg to post the famed Spider-Man pointing at Spider-Man meme in an attempt at internet humor.

Persons: Mark Zuckerberg, Zuckerberg, Zuckerberg's, hasn't, Elon Musk, Instagram Organizations: Twitter

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