NEW YORK — Meta's Mark Zuckerberg is set to deliver a blow to Twitter boss Elon Musk on Wednesday (July 5) night, as the tech billionaires' rivalry goes live with the launch of Instagram's much-anticipated Threads platform, a clone of Twitter.
Analysts said investors were salivating over the possibility that Threads' ties to Instagram might give it a built-in user base and advertising apparatus, which could siphon ad dollars from Twitter as its new CEO tries to revive the microblogging company's struggling business.
Meta stocks closed up 3 per cent on Wednesday ahead of the launch, outpacing gains by competitor tech companies as the broader market edged down. Mr Musk bought Twitter for US$44b last October, but its value has since plummeted as it faced an exodus of advertisers amid deep staffing cuts and content moderation controversies.
Bluesky, a new service backed by Twitter cofounder Jack Dorsey, launched its invite-only beta in February and instantly created a buzz on Twitter, with users clamouring to get access codes. Its website says it has 50,000 users. Mr Dorsey has also backed another platform called Nostr.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zuckerberg-Musk fight is on: Meta launches 'Twitter Killer' Threads appNEW YORK : Meta's Mark Zuckerberg is set to deliver a blow to Elon Musk on Wednesday night, as the tech billionaires' rivalry goes live with the launch of Instagram's much-anticipated Threads platform, a clone of Twitter.Analysts said investors were salivating over the possibility that Threads' ties to In
Read more »
Zuckerberg-Musk fight is on: Meta launches Twitter rival Threads appNEW YORK: Meta's Mark Zuckerberg is set to deliver a blow to Elon Musk on Wednesday (Jul 5) night, as the tech billionaires' rivalry goes live with the launch of Instagram's much-anticipated Threads platform, a c
Read more »
Elon Musk vs Mark Zuckerberg MMA fight at a 2000-year-old historic siteElon Musk's upcoming showdown with Mark Zuckerberg just got even more exciting as he recruits legendary MMA fighter Georges St-Pierre to his team. Get ready for an epic battle!
Read more »
Meta to launch Twitter-like app ThreadsMeta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a
Read more »
Meta to launch Twitter-like app named ThreadsCALIFORNIA — Meta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site.
Read more »
Meta to launch Twitter-like app ThreadsMeta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site. Threads, Instagram's text-based conversation app, is expected to be released on Thursday and will allow users to fo
Read more »