Business

Twitter Blocks Searches For Posts With Threads Links

TechCrunch reports: Recently hired Twitter CEO Linda Yaccarino is pushing back at reports that Twitter traffic is tanking as a result of the July 5th launch of a new competitor, Instagram Threads. But the company does seem to be concerned about the potential threat posed by Meta’s rival, now topping 100 million users. On Monday, users reported that Twitter seems …

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Bank Of America Fined $150M For Shady Practices

The Associated Press reports: Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent. Bank of America will pay $90 million in penalties to its organization and $60 million in penalties to the OCC, the Consumer Financial Protection Bureau said Tuesday. The Office of …

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Lindell Auctions Equipment As MyPillow Flounders

The Minneapolis Star-Tribune reports: MyPillow is auctioning off hundreds of pieces of equipment and subleasing manufacturing space after several shopping networks and major retailers took the company’s products off shelves. The Chaska-based manufacturer recently listed more than 850 “surplus equipment” items on the online auction site K-Bid. Sewing machines, industrial fabric spreaders, forklifts and even desks and chairs are up …

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CNBC: Twitter Traffic Is “Tanking” Since Threads Launch

CNBC reports: User traffic on Twitter has slowed since the launch of Meta’s text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. “Threads reached 100 million sign ups over the weekend. That’s mostly organic demand and we haven’t even turned on many promotions yet. Can’t believe it’s only been 5 days!” Meta CEO Mark …

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Flight Canceled After Jet Bridge Rips Off Cabin Door

The Insider reports: An American Airlines flight heading to Philadephia was canceled Sunday after its door fell off while preparing to depart from Dublin Airport. Images shared on Twitter appear to show the Boeing 787 with a hole where the door should be — and the door on the tarmac below. In a statement shared with Insider, an American Airlines …

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FDA Asked To Probe Very High Caffeine Energy Drink

NBC News reports: An influencer-backed energy drink that has earned viral popularity among children is facing scrutiny from lawmakers and health experts over its potentially dangerous levels of caffeine. On Sunday, Sen. Charles Schumer called on the Food and Drug Administration to investigate PRIME, a beverage brand founded by the YouTube stars Logan Paul and KSI that has become something …

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Elmo Panics Over Threads, Tweets “Zuck Is A Cuck”

The Daily Mail reports: Elon Musk has stepped up his war of words with Meta boss Mark Zuckerberg – calling him a ‘cuck’ after threatening to sue over his new Threads app. Replying to screenshots of Zuckerberg, 39, laughing at burger chain Wendy’s telling him to go into space to ‘really make Musk mad’ the Tesla CEO simply replied: ‘Zuck …

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New Poll: 65% Oppose Refusing Service To LGBTQs

USA Today reports: Days after the Supreme Court’s ruling that businesses can deny same-sex wedding services if it clashes with their religious views, new data says most American voters disagree with that position. Last week, the nation’s high court sided with a Colorado business owner who argued a state non-discrimination law could not compel her to make same-sex websites. The …

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Threads Approaches 100 Million Users On Third Day

Digital World reports: Just to give you a better understanding of the mega success it has attained in a two-day span, even the world’s leading apps couldn’t make the breakthrough records and success it has attained. Remember, ChatGPT got 100 million users in two months while TikTok got 100 million downloads in 9 months. Meanwhile, Meta’s own Instagram attained 100 …

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Musk Sues Law Firm To Recover Twitter Buyout Fees

Reuters reports: Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. The complaint by Musk’s X Corp, which owns Twitter, was filed on Wednesday in the California …

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Threads Garners Over 70 Million Users By Second Day

Bloomberg News reports: Meta Platforms Inc.’s new social media app Threads has garnered 70 million users in just two days after its launch, a sign of enthusiasm that Chief Executive Officer Mark Zuckerberg said was “way beyond our expectations.” Threads launched on Wednesday as an alternative to Elon Musk’s Twitter, which had 237.8 million users as of July 2022, but …

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Tesla Signs Chinese Pledge On “Core Socialist Values”

The financial news site Benzinga reports: Tesla, Inc. achieved record-breaking second-quarter deliveries in China on the back of price cuts and promotional efforts implemented earlier this year. But the Elon Musk-led EV maker’s cutthroat methods have seemed to irk Xi Jinping‘s government in one way. In response to this price war initiated by major electric vehicle manufacturers, including Tesla, a …

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Twitter Threatens To Sue Meta Over “Copycat” Threads

Semafor reports: Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform, accusing the social media giant of poaching former employees to create a “copycat” application. A lawyer for Twitter, Alex Spiro, sent a letter to Meta CEO Mark Zuckerberg accusing the company of engaging in “systematic, willful, and unlawful misappropriation of Twitter’s trade secrets and …

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Zuckerberg: 30 Million Joined Threads In First 12 Hours

CBC News reports: More than 30 million people have signed up to Threads, Meta’s rival to Twitter, within the first few hours of its launch, Meta CEO Mark Zuckerberg said late Thursday morning. The number is likely to grow quickly as more Instagram users and social media fans open accounts on Threads. The app is the biggest challenger yet to …

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Owner Of Doomed Sub “Suspends All Operations”

CNN reports: OceanGate – the owner of the Titan submersible that imploded during a voyage to the Titanic, killing all five people on board – says it has suspended its exploration and commercial operations, according to its website. The company’s CEO, Stockton Rush, was among those who perished in the disaster in the North Atlantic Ocean last month. “OceanGate has …

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Florida Sees Wave Of Canceled Major Conventions

The Florida Phoenix reports: Noting the “escalating waves of hostile actions and legislation coming out of Florida,” the Association of Collegiate Schools of Planning (ACSP) is ditching its scheduled annual conference at the Hyatt Regency Miami later this year and instead will hold it in Chicago. In a letter sent to ACSP educators, researchers, and students posted on the organization’s …

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Zuckerberg Jabs At Musk In First Tweet Since 2012

Bloomberg News reports: Mark Zuckerberg posted his first tweet in more than a decade, a playful jab at Elon Musk on the day the Meta Platforms Inc. founder rolled out a much-anticipated Twitter substitute. Meta’s Instagram officially unveiled Threads Wednesday, considered the most potent threat yet to the struggling social media service Musk owns. Hours later, Zuckerberg tweeted a photo …

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Over 10 Million Join Threads In Hours After Launch

Reuters reports: Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the new platform included celebrities such as Kim Kardashian and Jennifer Lopez as well as …

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Twitter Drops Login Requirement To View Tweets

TechCrunch reports: Days after requiring users to log in to view tweets, Twitter has silently removed these restrictions. This means you can open Twitter links in a browser without an account. When Twitter started enforcing the login requirement, Musk said that he took these “temporary” measures to prevent data scraping. The company hasn’t made any official announcement about allowing users …

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Meta’s Twitter Clone “Threads” Won’t Launch In EU

Bloomberg News reports: Meta Platforms Inc.’s Threads app — the social network rolling out this week to take on Twitter Inc. — won’t be offered in the European Union as the company works out how data sharing between the new platform and its Instagram app will be regulated. Meta is waiting for more guidance around the Digital Markets Act, new …

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