Meta’s Threads Crosses 90 Million Signups in 4 Days

Todd Spangler NY Digital Editor Meta turned in a healthy 11% uptick in revenue for the second quarter of 2023, topping Wall Street expectations and signaling the social giant’s ad business is recovering after last year’s doldrums. The parent company of Facebook and Instagram posted revenue of $32.0 billion and net profit of $7.79 billion ($2.98 per share), up 16%. On average, analysts expected revenue of $31.12 billion and earnings per share of $2.91, according to Refinitiv data.

Meta’s revenue beat estimates in the second quarter, rising by 11% to $32 billion, as the company also touted investments in its Twitter rival, Threads, as well as in new AI products.

The House Judiciary Committee has scheduled a vote for Thursday on whether to cite Meta’s Mark Zuckerberg with contempt of Congress. claiming that he has failed to comply with a subpoena.

Twitter is officially being rebranded as X and the logo has now changed on the website.

Threads is making a big change as it continues to grow exponentially as an alternative to Twitter. Instagram boss Adam Mosseri took to the micro-blogging platform to announce that they would be implementing rate limits to combat bots.

that was hoped to have come from Cruise’s box office triumph with “Top Gun: Maverick” last year.On the other hand, “Dead Reckoning” is enjoying much stronger word of mouth than “Indiana Jones 5” with an A on CinemaScore and Rotten Tomatoes scores of 96% critics and 94% audience. “Dead Reckoning” has also been reported to have stronger opening days in key overseas markets like South Korea and Great Britain, grossing $82 million internationally through Friday as it is on course for a $240 million global start.

Rebecca Rubin Film and Media Reporter “Mission: Impossible – Dead Reckoning Part One” kicked off to $15.5 million on opening day. Paramount and Skydance’s big-budget tentpole, which is the seventh installment in the Tom Cruise-led action franchise, is projected to collect at least $60 million between Friday and Sunday.

Todd Spangler NY Digital Editor Twitter was experiencing unexplained technical problems Wednesday, as key features of the Elon Musk-owned social network appeared to be not working correctly. Problem reports with Twitter began spiking around 10:30 a.m. ET on July 12, according to uptime-monitoring service Downdetector. In the U.S., user-reported errors for Twitter’s website and app shot up to more than 7,100 complaints by 10:36 a.m. ET. Of the user reports, 50% were related to the Twitter; 43% were related to the website; and 7% were problems associated with the server connection, according to Downdetector. One of the main problems users reported was the inability to see an account’s tweets from their profile page, at least on the desktop (web) version of the Twitter service. According to Twitter’s API status monitoring page, all systems were operational as of Wednesday morning.

Rebecca Rubin Film and Media Reporter Tom Cruise’s mission, should he choose to accept it, is to save the summer box office… again. After a lackluster start to popcorn season (“The Flash,” “Indiana Jones” and “Elemental,” we’re looking at you), Paramount’s action-adventure “Mission: Impossible – Dead Reckoning Part One” is hoping to bring people back to movie theaters across the globe. The big-budget tentpole is projected to collect at least $60 million between Friday and Sunday. Anything more than that would cement a new opening weekend benchmark for the long-running, globe-trotting spy series. “Mission: Impossible – Fallout” currently holds the record with $61 million, followed by 2000’s “Mission: Impossible II” with $57.8 million.

Twitter CEO Linda Yaccarino is throwing a little shade at Threads after Meta CEO Mark Zuckerberg announced his platform had crossed 100 million signups in less than a week.

Meta launched Threads this week which is their response to Twitter and in many ways both platforms want to host digital town squares. However, Instagram boss Adam Mosseri is clearing things up and saying that the social network will not push topics about politics and hard news.

J. Kim Murphy Indiana Jones has faced Nazis and aliens, snakes and the fury of an Old Testament God — but he has never faced the terrors of the Red Door. Sony’s “Insidious: The Red Door,” the latest installment in the supernatural series, blew by expectations on its opening day with a $15.2 million gross from 3,188 venues — a figure that includes $5 million in Thursday previews. Horror entries usually face front-loaded weekend performances, but the Screen Gems, Stage 6 Films and Blumhouse co-production has fired off with a commanding lead. It looks to land the top spot on domestic charts for the weekend, projecting a $31 million haul and toppling last week’s victor “Indiana Jones and the Dial of Destiny” in the process.

On Thursday, a lawyer for Elon Musk’s Twitter accused Meta of leveraging “trade secrets” to launch its Twitter competitor, Threads, which garnered more than 30 million sign ups in its first 24 hours of operation. Musk’s threats, however, did nothing to slow adoption of the new platform. In fact, user takeup increased.

Elon Musk is threatening to sue Mark Zuckerberg‘s Meta over the launch of the company’s new social media platform Threads.

Things are getting feisty on social media!

Todd Spangler NY Digital Editor The battle between Elon Musk’s Twitter and Mark Zuckerberg’s Meta over the launch of Instagram’s Twitter rival Threads has taken a legal turn. On Wednesday, Meta’s Instagram debuted Threads, a text-focused social app designed to piggyback off Instagram’s infrastructure and user base. The app had more than 30 million sign-ups as of Thursday morning, according to Zuckerberg. In a July 5 cease-and-desist letter addressed to Meta CEO Zuckerberg, a lawyer representing Twitter said that Musk’s company had “serious concerns” that Meta “has engaged in systematic, willful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property.” The letter said that “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.”

Elon Musk Reacts Amid Outrage Over Temporary Daily Twitter Limitations Linda Yaccarino to Replace Elon Musk as Twitter CEO Chrissy Teigen and More Celebs React to Losing Twitter Verification Here Are the Celebrities Who Have Quit Twitter

Elon Musk Reacts Amid Outrage Over Temporary Daily Twitter Limitations Linda Yaccarino to Replace Elon Musk as Twitter CEO Chrissy Teigen and More Celebs React to Losing Twitter Verification Here Are the Celebrities Who Have Quit Twitter  

Todd Spangler NY Digital Editor Should you ditch Twitter in favor of Instagram’s Threads — which looks quite a lot like a clone of Twitter? Meta launched Threads, a “conversational” text-centric app tied to Instagram, on Wednesday, a day earlier than expected. The internet giant sees an opportunity to take on Twitter, controlled by tech mogul Elon Musk, which has been beset by various technical and business issues since he acquired the company. “I think there should be a public conversations app with 1 billion+ people on it,” Meta CEO Mark Zuckerberg wrote in a Threads post. “Twitter has had the opportunity to do this but hasn’t nailed it. Hopefully we will.”

Mark Zuckerberg has returned to Twitter for his first post in almost a decade!