The Instagram-based app Threads went live on Wednesday night and by Thursday morning, more than 30 million profiles had been activated.
“We’re exploring a standalone, decentralized social network for sharing text updates,” a Meta spokesperson said in a statement to Variety.
On Sunday, Mark Zuckerberg announced the introduction of a new subscription-based product called Meta Verified.
In a mail sent to hundreds of executives, the company’s CEO took accountability for the problem of overstaffing, which Zuckerberg claims originated from his “overoptimism” about growth.
The Guardian reports Meta’s take on how serious a Facebook ban can be, and what Zuckerberg has revealed during his interview with Joe Rogan.
Meta CEO promises upgrades to the concept of the VR game Horizon Worlds, which at first glance, instead of a wave of excitement, caused a series of harsh criticism and witty memes.
No need to beat around the bush, Facebook-turned-Metaverse, into which Meta has been investing tens of billions of dollars is fantastic…-ally bad.
Meta’s revenues fell to 28.8 billion dollars, while net profits plummeted by 27%, to around 6.7 billion dollars. This marks the end of an era for Facebook, which has been on a consistent rise since 2012.
The last decade on the capital market has been marked by enormous earnings of high-tech stocks, which have recorded outstanding results despite minor oscillations. As many as seven of the ten companies with the highest market value on the U.S. stock market come from the world of high tech, but judging by their performance in recent weeks, the bubble seems to be slowly inflating.
The world’s ten richest people earned a whopping $402 billion last year, foremost among them the wealthy owners of IT companies. The net worth of Tesla CEO Elon Musk increased by $121 billion in 2021, according to the Bloomberg Billionaires Index.