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The Latest Breaking News from Meta

Zuck says Threads is a 'Year of Efficiency' triumph

Meta's CEO thinks the company's new Twitter competitor has a shot of being the first public discussion app to reach 1 billion users.

Fortune

Meta's pivot to AI and Threads is paying off, but Quest 2 profits are sagging

Until the Meta Quest 3 arrives, Reality Labs is only going to continue to hemmorage money. But the company's ad revenue is growing so strongly that it may not matter.

Android Central

Reality Labs posts a 2-year low in revenue, but Meta shares jump on revenue beat

The company exceeded expectations on revenue, reporting a quarterly figure of about $32 billion.

Fortune

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Threads users decline significantly despite initial surge in sign-ups

Within a week of launch of Mark Zuckerberg’s answer to Twitter 100 million people signed up, but weeks later there’s been a drop

The Guardian - US

Are you a Facebook user? You have one month left to apply for a share of this $725M settlement

U.S. Facebook users have one more month to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year

The Independent UK

How to get started with Threads — Instagram's Twitter killer

How to get started with Threads. Instagram's answer to Twitter's mess.

iMore

Meta fined £10.5M in Australia for “deceptively” collecting VPN data

The company’s Onavo security software was previously banned by Apple for violating data-collection policies

Evening Standard

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Up First briefing: Fed could hike rates; Threads under pressure; get healthy with NEAT

The Federal Reserve is expected to announce it's raising interest rates. Voting groups want Threads to tighten its rules ahead of the election. A NEAT way to burn calories without working out.

WEKU

Stock Index Futures Slip as Investors Await Fed Rate Decision, Meta Earnings on Tap

September S&P 500 futures (ESU23) are down -0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.33% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision due later in the day.

Barchart

Stock Index Futures Move Lower as Investors Await Fed Rate Decision, Meta Earnings on Tap

September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.17% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision due later in the day.

Barchart

Threads finally adds the 'Following' timeline that everyone's been wanting

The latest update to Meta's Twitter competitor is the biggest one yet, as it brings a chronological timeline, along with a few other helpful features.

Android Central

Do rebrands work? Can you trademark an X? An expert answers the burning questions on Musk's Twitter pivot

To non-moguls, Elon Musk’s (perhaps temporary) rebrand of Twitter to “X” may seem high risk, amateurish, or even capricious. But it is likely doing exactly what he intended: generating enormous global interest, pushing Twitter closer to his other X brands (SpaceX, Tesla Model X, xAI), and clearing the way for…

The Conversation

The yes voice campaign cannot afford to be drawn in to a rearguard battle with its opponents

To regain momentum it could return to the fundamental aims of the voice, and by appealing to Australians’ sense of honour and justice

The Guardian - AU

House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress

Meta CEO Mark Zuckerberg is being threatened with contempt of Congress

The Independent UK

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Fortune

Are those White House A.I. pledges worth anything?

The Biden Administration still isn't addressing present A.I. harms or the challenge of open-source A.I.

Roll Call

House Judiciary panel plans contempt vote for Zuckerberg - Roll Call

The House Judiciary Committee announced plans to consider Mark Zuckerberg in contempt of Congress over a congressional subpoena.

Zenger

‌Twitter’s New Logo Raises Concerns About Legal Showdown Over Potential Trademark Infringement ‌

‌Twitter’s New Logo, A Distinct Black-And-White ‘X', Resembles Iconic Unicode Character‌

Fortune

After Twitter, TikTok is the latest tech giant to dive into text

Words are "innovative tools," TikTok decides.

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TechRadar

Meta denies Quest Pro 2 cancelation – but VR fans should hope it doesn't launch soon

The Meta Quest Pro 2 isn't canceled, but don't expect the VR headset to be launching soon.

Fortune

Your middle managers are more valuable than you might think

Despite the recent trend to flatten organizations, middle managers remain integral at top-performing companies.

Evening Standard

Meta promises new unspecified Threads features in latest update

The latest update to Threads is quite vague, but we do at least know the kind of thing that’s on the roadmap

The Guardian - UK

TechScape: Will Meta’s open-source LLM make AI safer – or put it into the wrong hands?

The AI arms race heats up as Meta makes a deal with Microsoft while its Cupertino competitor toils away on ‘Apple GPT’. Plus, Twitter’s X-tinction

Evening Standard

Mirror owner puts aside another £6m for phone hacking claims, warns it could pay even more after Harry trial

The amount put aside could increase again as it is still too soon to determine any provisions for Prince Harry’s high-profile trial

The Hindu

Today’s Cache | Twitter’s new name has legal baggage; Generative AI boom complicates cloud computing; Adobe’s Figma deal may be investigated

The social media platform known as Twitter will be renamed X, announced owner Elon Musk this week.

The Guardian - UK

Will Elon Musk’s X rebrand help Twitter soar to new heights?

Analysts question whether Tesla boss will manage to turn around platform with plans for ‘everything app’

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