Threads is not dying, Mark Zuckerberg says as he reveals Meta’s results
Instagram Threads could become a billion-person app, Meta boss Mark Zuckerberg has said. The chief executive hit out against predictions that the app was losing steam, saying that it continued to keep its momentum. “Threads also remains a compelling long-term opportunity, and we’re excited to build on the strong product momentum we have going into next year,” the company’s chief financial officer Susan Li said. Meta launched Threads three months ago, as part of an attempt to take over from Twitter. It became the fastest growing app in the world, seemingly helped by dissatisfaction with Twitter, but has lost some of its attention amid criticism of the app’s design and features. But Meta said as it revealed its latest results that it was still focusing on Threads and expected it to grow. Eventually, it could have a billion people, Mr Zuckerberg suggested. “I’ve thought for a long time there should be a billion-person public conversations app that is a bit more positive,” Mr Zuckerberg said in the earnings call. “I think that if we keep at this for a few more years, then I think we have a good chance of achieving our vision there.” Instagram boss Adam Mosseri said on Threads that the company will be focusing on support for Europe – where it remains unavailable owing to privacy concerns – as well as better compatibility with other apps and Instagram. Mr Zuckerberg also reiterated his focus on the metaverse and augmented reality, another key focus for the company that has led to some criticism from those who claim it has failed to live up to its potential. That technology, alongside artificial intelligence, remains the company’s long-term focus, he said. Generative artificial intelligence will get more important in the future, Mr Zuckerberg said. But he pointed to existing AI features that power the feeds inside Meta’s apps, for instance. Read More Mark Zuckerberg uses Meta’s new AI Ray-Bans to braid daughter’s hair Instagram Threads adds yet more features as it tries to take over from Twitter What to expect Apple’s surprise, spooky upcoming launch
2023-10-26 21:18
German exports to China hit by slow customs processing, tech firms warn
By Ludwig Burger and Alexander Hübner FRANKFURT/MUNICH German technology groups have warned they are being hit by delays
2023-10-26 19:26
TikTok prankster Mizzy arrested ‘on suspicion of perverting course of justice’
TikTok prankster Mizzy has been arrested on suspicion of perverting the course of justice, a court has heard. The star, real name Bacari-Bronze O’Garro, appeared at Stratford Magistrates’ Court in east London on Thursday morning after he was accused of posting videos on social media without the consent of the people featured in them. He was due to stand trial on four counts of breaching a criminal behaviour order but his defence lawyer Paul Lennon applied to adjourn the hearing after telling the court that O’Garro had been arrested on October 16 on suspicion of perverting the course of justice. O’Garro’s main witness in the case, who was due to give evidence on Thursday, was also arrested and both were released on bail under the condition that they do not contact each other “directly or indirectly”, Mr Lennon explained. Without his evidence, Mr Lennon said, O’Garro would not be able to have a “fair trial”. He told the court: “It was hoped that the sole witness in his (O’Garro) favour would be able to attend court to provide evidence in support of the defence. “That is no longer possible. “Last week Mr O’Garro and his first and only witness were arrest on suspicion of perverting the course of justice. “Both were released on bail with the condition not to contact each other directly or indirectly. “Had he (the witness) not been arrested on a very serious allegation he would have been here to give evidence on behalf of Mr O’Garro. “It was hoped as of yesterday that the matter would not be proceeded with. “Instead, he (O’Garro) was bailed until January 2024.” Judge Matthew Bone rejected the defence’s submission and chose to proceed with the trial, telling the court: “The witness’s unavailability was known on or before October 16. “I am not prepared to adjourn this case. “The trial will proceed today.” O’Garro’s case was previously adjourned at the same court as he was accused of engaging in further “criminal activities”, according to a joint submission by prosecution and defence lawyers at a hearing in September. The trial will proceed later on Thursday.
2023-10-26 18:52
Tesla’s Cybertruck Will Test America’s Great Political Divide
When Tesla Inc. hands over the first of its Cybertruck electric pickups to customers on Nov. 30, it
2023-10-26 18:51
Malaysia to warn TikTok, Meta over alleged blocking of pro-Palestinian content
KUALA LUMPUR (Reuters) -Malaysia's communications regulator will issue a warning to social media firms TikTok and Meta for allegedly blocking
2023-10-26 18:48
Beam Solar Energy From Space? These Scientists Achieve a Breakthrough
Even by the standards of the Space Race, the idea seemed bold, maybe a bit crazy. In 1968,
2023-10-26 18:46
Exclusive-TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources
By Stanley Widianto and Fanny Potkin JAKARTA - TikTok and YouTube are considering joining Meta in applying for e-commerce licenses
2023-10-26 17:50
Rich Nations Must Speed Up Climate Action to Meet Paris Goals as Carbon Budget Shrinks
Rich nations must be more ambitious in their climate action to contain the rise in global temperatures to
2023-10-26 16:52
UK to set up AI safety institute, PM Sunak says ahead of summit
LONDON (Reuters) -Britain will set up the world's first artificial intelligence safety institute, Prime Minister Rishi Sunak said on Thursday,
2023-10-26 16:50
Music streaming was 2022's top moneymaker for songwriters, composers
Streaming became the largest source of income for composers and songwriters in 2022 and helped boost their collections
2023-10-26 14:24
France's Atos posts lower Q3 revenue dragged by Tech Foundations unit
(Reuters) -French IT company Atos on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset
2023-10-26 13:58
Facebook-parent Meta beats revenue estimates on digital ad strength
By Katie Paul and Yuvraj Malik NEW YORK (Reuters) -Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday,
2023-10-26 13:53