Apple removes WhatsApp and Threads from Chinese App Store

Posted on April 19, 2024 by Admin

Company says Chinese government ordered it to remove two Meta-owned apps for ‘national security’ reasons

Apple has removed WhatsApp and Threads from its Chinese App Store after the Chinese government ordered it to do so for “national security” reasons.

Apple confirmed it had withdrawn the two apps – both owned by Meta, also the owner of Facebook – under instruction from the Cyberspace Administration of China, which regulates and censors China’s highly restricted internet and online content.

Meta launches web version of flagging Threads app

Posted on August 22, 2023 by Admin

‘Twitter killer’ social media platform experienced initial boom in sign-ups when it launched in July

Meta has launched a web version of its “Twitter killer” social media platform Threads that can be used without an app, as it attempts to revive itself after a recent drop in usage.

The parent company of Facebook, Instagram and WhatsApp launched the microblogging site in July, widely understood as an alternative for users disillusioned with Elon Musk-owned Twitter, which has since rebranded as X.

Meta stock surges after company reports 11% rise in revenue

Posted on July 26, 2023 by Admin

Revenue grew to $32bn, marking company’s most profitable quarter since 2021, as news sends stocks surging by 7%

Meta stock rallied as the company reported an 11% rise in revenue on Wednesday, beating Wall Street expectations.

Revenue grew to $32bn in the quarter ending in June, compared to analysts’ average estimate of $31.12bn, marking Meta’s most profitable quarter since 2021. The news sent stocks surging by 7% in after-market trading.

More details soon …

Twitter investor writes down stake by 47% as analyst claims Threads user fall

Posted on July 18, 2023 by Admin

Elon Musk has said advertising has plunged on his social media platform and it is cashflow negative

An investor in Elon Musk’s Twitter has written down their stake in the business by 47% as advertisers rein in their spending on the social media platform.

The move by ARK Investment Management came as an analysis firm claimed that usage of the “Twitter killer” Threads app has fallen by half since its launch by Mark Zuckerberg’s Meta.

Twitter threatens to sue Meta over launch of rival Threads app

Posted on July 6, 2023 by Admin

In a letter to CEO Mark Zuckerberg, a lawyer for the Elon Musk-owned app said Meta had unlawfully misappropriated trade secrets

Twitter has threatened to sue Meta over its new Threads app, which Mark Zuckerberg has openly billed as a rival, claiming the company has violated Twitter’s “intellectual property rights”.

In a letter to CEO Mark Zuckerberg, first published by the news outlet Semafor, a lawyer for Twitter said the company “has serious concerns that Meta Platforms (Meta) has engaged in systematic, willful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”.