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The Latest Breaking News from Sensor Tower

Instagram overtakes TikTok as world’s most downloaded app

Copycat video feature Reels helps Meta app in fightback against Chinese-owned rival

The Guardian - UK

How Elon Musk’s antisemitic comments pushed X advertisers over the edge

The social network once known as Twitter is facing a new exodus thanks to the behaviour of its mercurial owner – and it may not recover, reports Io Dodds

The Independent UK

Threads traffic continues to spiral, now down 82% just a month after launch

Engagement is down from the users who still go, as well.

Fortune

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Mark Zuckerberg's Threads traffic is now down 70% from its peak—just 2 weeks ago

User engagement continues to fall after red-hot start.

Fortune

Mark Zuckerberg’s Threads is struggling to hold people's attention like Twitter does

Time spent on Twitter also took a slight knock, yet the total was still far above Meta’s competing app.

Fortune

Millions of Reddit users unleash their fury over controversial changes

Reddit users have been leaving one-star reviews in protest of the site's API rules, but is that enough to change Steve Huffman's mind?

iMore

Stocks Post Modest Gains as Strength in Tesla Pushes Tech Stocks Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.13%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.30%. Stock indexes Friday settled modestly higher, with the S&P...

Barchart

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Tech Stocks Lead the Market Higher with Positive Tesla News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.21%. U.S. stocks this morning are moderately higher, with the...

Barchart

What is Temu, the most-downloaded online shopping app in the US?

The app first launched last year

The Independent UK

What is Temu, the most-downloaded online shopping app in the US?

The app first launched last year

The Independent UK

China's mobile game Genshin Impact bags $4bn

Genshin Impact, the video game launched by Shanghai studio miHoYo in September 2020, bagged US$4 billion in global revenue by the end of 2022 to make it one of the most successful mobile titles of all time and marking the rise of China-developed games.

Bangkok Post

Genshin Impact generated $3.7 billion in its first two years

HoYoverse’s anime RPG defied player spend trends in the mobile sector and saw increased revenue in the first half of 2022.

USA Today Sports Media Group

Australian streaming apps from TV brands chip away at Netflix dominance

Nine, ABC, Seven and Stan among top 10 most downloaded entertainment apps as Netflix slips to fourth spot after Disney+, Amazon and TikTok

The Guardian - AU

Twitter faces business pressure as Musk deal drama looms

Twitter's revenue growth has been slower in the past five years that its other ad-supported peers.

Axios

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Benzinga

Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

USA Today Sports Media Group

Genshin Impact is making a billion bucks every six months

It took between 171 and 195 days to generate each billion in revenue, thus averaging the big one billion per six months.

Evening Standard

Elon Musk tweets that Trump’s Truth Social is beating Twitter in app download charts

Elon Musk has tweeted that Donald Trump’s Truth Social app is beating Twitter in the iPhone download charts.

Benzinga

Deutsche Bank Sees Netflix In Line With 2.5M Subscriber Guidance

Deutsche Bank analyst Bryan Kraft maintained his Q1 global subscriber estimate, in line with Netflix Inc's (NASDAQ:NFLX) 2.5 million guidance amid cutthroat competition and Covid resurgence. He saw net adds inching closer to 3.5 million when not accounting for Russia's 1 million base adjustment. Also Read: Needham Sees Netflix Losing Out To Amazon, Disney, Apple and…

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The Independent UK

Trump’s Truth Social sign-ups have cratered ‘by 93 per cent’ since app’s launch

Former president has yet to post on his own app

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People

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