Tag Archives: meta

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 …

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 …

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 …

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 …

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 …

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 …

The Associated Press reports: Meta is poised to unveil a new app that appears to mimic Twitter — a direct challenge to the social media platform owned by Elon Musk. A listing for the app, called Threads, appeared on Apple’s App Store, indicating it would debut as early as Thursday. It is billed as a “text-based conversation app” that is …

CNBC reports: Meta has been fined a record 1.2 billion euro ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The decision links back to a case brought by Austrian privacy campaigner Max Schrems who argued that the framework for transferring EU citizen data to America did not protect Europeans from U.S. surveillance. …

The Hill reports: Meta, the parent company of Facebook and Instagram, officially launched its paid “verified” subscription service for its social media platforms in the United States on Friday, similar to Twitter’s own service. Elon Musk created a paid subscription service for Twitter users in October. He tweaked the service a few times, but the current iteration of Twitter Blue …

Reuters reports: Meta Platforms Inc is exploring plans to launch a new social media app in its bid to displace Twitter as the world’s “digital town square”. Meta’s app will be based on a decentralized framework like Mastodon, a Twitter-like service that was launched in 2016 and now has about 2 million monthly active users. “We’re exploring a standalone decentralized …

The Verge reports: Meta now has a team dedicated to building tools powered by artificial intelligence, CEO Mark Zuckerberg announced in a post on Monday. This could eventually include “AI personas” designed to help people in “various ways” in addition to new AI tools across its apps and services. More specifically, Zuckerberg says the company is working on AI “experiences” …

Bloomberg News reports: The new Meta Verified service for Facebook and Instagram will allow users to join celebrities and other public figures in having a blue check that confirms their identity, starting from $11.99 per month, the company said in a statement. The Meta Verified feature may add $2 billion to $3 billion to Meta’s annual sales, Bloomberg Intelligence analyst …

Axios reports: Meta, the parent company of Facebook and Instagram, announced on Sunday that it will be testing out a monthly subscription service that allows users to verify their accounts. The move is aimed at “increasing authenticity and security across our services,” Meta CEO Mark Zuckerberg wrote in a Facebook post announcing the news. It will allow users to verify …

NBC News reports: Former President Donald Trump’s Facebook and Instagram accounts have been reinstated, a company spokesperson said Thursday. The reinstatement had been expected after Nick Clegg, Facebook’s president of global affairs, announced in late January that the suspension would be lifted. Facebook first suspended Trump’s accounts in the aftermath of the Jan. 6 attack, initially as an indefinite ban …

The New York Times reports: In September, former President Donald J. Trump went on Truth Social, his social network, and shared an image of himself wearing a lapel pin in the form of the letter Q, along with a phrase closely associated with the QAnon conspiracy theory movement: “The storm is coming.” In doing so, Mr. Trump ensured that the …

Reuters reports: Facebook owner Meta Platforms has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed Cambridge Analytica to access data of as many as …

Reuters reports: A U.S. appeals court on Tuesday upheld nearly $187,000 in monetary sanctions against two lawyers who filed and lost an “utterly baseless” lawsuit challenging Democrat Joe Biden’s 2020 presidential win over his Republican rival Donald Trump. The unanimous ruling by a three-judge panel of the 10th U.S. Circuit Court of Appeals in Colorado said Denver attorneys Gary Fielder …

TechCrunch reports: Facebook is notifying users that it will remove four information fields from profiles starting next month. These fields include religious views, political views, addresses and the “Interested in” field, which indicates a user’s sexual orientation. The change will go into effect on December 1. A spokesperson for the company told TechCrunch in an email that the reason behind …

The Associated Press reports: Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been …

The New York Times reports: Meta plans to lay off employees this week, three people with knowledge of the situation said, adding that the job cuts were set to be the most significant at the company since it was founded in 2004. It was unclear how many people would be cut and in which departments, said the people, who declined …