Meta’s Threads Passes 70M Signups; Users More Than Double In One Day

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.

Supermarkets have more than doubled their profit margins on fuel since the start of the war in Ukraine, according to new analysis. The RAC has found that Asda, Tesco, Morrisons, and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022.

Celebrity fragrances have been popular since well before the era of celebrity beauty brands, and they remain a lucrative project for the stars to explore.

Netflix added 5.9 million global subscribers, reaching 238.3 million, with password sharing pushing subscribers to the months-old $7-a-month plan with advertising.

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.

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.

Sofia Vergara has been celebrating her birthday in style. The 51 year old actress has been sharing updates over the past couple of days, showing her followers how much fun she’s been having on the Italian coastline. Heidi Klum celebrates her birthday with Sofia Vergara and friendsSofia Vergara takes scientific approach with her new makeup line infused with SPFSofia Vergara welcomes summer with stunning bikini selfieVergara kicked off her birthday posts yesterday with a photo of herself in Italy, sharing her joy of being out traveling while also enjoying another year on Earth.

captured Reyes’ transformation from a daydreaming teenager to an unexpected hero with great responsibility. Maridueña previously described “Blue Beetle” as a combination of both a DC and Marvel superhero.“He’s kind of like a fusion of Green Lantern and Iron Man,” Maridueña said.

Allen & Co.’s annual Sun Valley Conference is known for drawing an A-list roster of execs from across the media and tech realms, with a generous sprinkling of sports commissioners, politicos and other notables added to the mix.

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.

had 30 million users on Thursday, a number which has tripled less than 2 days later and can be verified by the numerical badges displayed on user acounts; those numbers are assigned in the order someone joined, with Meta CEO Mark Zuckerberg being user #1.But Threads, just one of the many new apps to compete directly with Twitter, has a huge advantage over other would-be Twitter killers: An existing infrastructure that can handle demand.Currently Threads is essentially an offshoot of Instagram. Indeed, the only way to sign up at the moment is download the app and sign in with your Instagram login.

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.”