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Tag: Meta

Twitter threatens to sue Meta over Threads app
News

Twitter threatens to sue Meta over Threads app

Twitter has threatened to sue Meta for infringing on Twitter’s “intellectual property rights” with its new Threads app, which Mark Zuckerberg has openly referred to as a competitor. A lawyer for Twitter stated in a letter to CEO Mark Zuckerberg, which was originally published by the news outlet Semafor, that the firm “has serious concerns […]

Zuckerberg, Meta directors settle $8bn privacy lawsuit ahead of testimony
News Tech

Meta to consider monetizing Threads – Zuckerberg

Mark Zuckerberg, CEO of Meta, stated on Thursday that Meta would consider making money from the new Twitter rival, Threads. He claimed that while Meta is now focusing on gaining more users for the new microblogging software, the business will consider monetizing it after its user base reaches one billion. This was expressed by Zuckerberg […]

Threads hits 30 million users
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Threads hits 30 million users

Meta’s newly launched Threads app garnered a staggering 30 million users on its very first day, according to Mark Zuckerberg, the company’s chief. Positioned as a “friendly” alternative to Twitter, Threads aims to attract disgruntled Twitter users following the platform’s acquisition by Elon Musk. Industry experts believe that Threads has the potential to entice users […]

Five things to know about Meta's Twitter-like App Threads
Tech

Five things to know about Meta’s Twitter-like App Threads

The parent company of Instagram, Meta, recently introduced Threads, a text-based conversation app aimed at competing with Twitter. As users seek alternatives to Twitter’s evolving restrictions, Threads offers a platform where users can engage in real-time conversations while integrating seamlessly with their existing Instagram accounts. Here are five key things to know about Meta’s new […]

Facebook to shut down news tab in US, Australia
News

Italy’s Meta tax review begins test case

Alex Omenye The initial examination of Facebook parent firm Meta in a tax lawsuit, which might result in a bill for the American business of about 870 million euros ($925 million) and serve as a test case for the digital industry, is anticipated to take Italy until the end of the year. Although a small […]

Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status
Business

Amazon, Google, Apple, Meta, Microsoft meet EU over gatekeeper status

Alex Omenye Alphabet’s Google, Amazon, Apple, Meta, and Microsoft have alerted the European Commission that they qualify as gatekeepers, according to EU industry director Thierry Breton. Under the new EU IT regulations, companies with a market capitalization of 75 billion euros and more than 45 million monthly active users are regarded as gatekeepers offering a […]

Meta to unveil Twitter-like 'Threads' app
Tech

Meta to unveil Twitter-like ‘Threads’ app

In response to Twitter’s recent limitations, Meta Platforms, formerly known as Facebook, is gearing up to launch Threads, a microblogging app. The move is to provide an alternative platform for users seeking unrestricted communication. The announcement comes just days after the executive chair of Twitter, Elon Musk introduced a temporary cap on the number of […]

Business

Metaverse to contribute $760bn to US GDP by 2035 – Report

A study commissioned by the owner of Facebook, Meta Platforms, has revealed that Metaverse could contribute up to $760 billion, or about 2.4 per cent of the annual US gross domestic product by 2035. The report, conducted by consulting firm Deloitte and accessed by Reuters, suggests that economic gains could come from the use of […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
Business

Meta launches paid IG, Facebook blue tick in US

Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram users to pay for verification and obtain a blue badge, similar to what is currently offered by Twitter, which is owned by Elon Musk. The service, known as Meta Verified, will require users […]

How social media posts influence Nigerians' buying decisions - Report
E-commerce

How social media posts influence Nigerians’ buying decisions – Report

A 2023 survey conducted by Meta, the parent company of Facebook, Whatsapp, and Instagram, found that 77% of Nigerian customers made decisions about the upcoming Islamic holiday of Ramadan based on posts on Facebook and Instagram. Along with the public opinion and data supplier YouGov, Meta conducted the “Ramadan and Eid Study,” an annual global […]

Business

Why tech firms are laying off staff

Oluwanifemi Ojo     From last year, tech giants have embarked on job cuts, and the question of every employee will likely be who’s next to announce downsizing after the likes of Twitter, Spotify, and Microsoft among others.   Since the year began, world’s leading tech companies have been announcing the laying off of staff. […]

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How Metaverse’ll impact businesses in 2023 – PwC

PwC, a leading professional services firm, has made six predictions about Metaverse and how it will impact businesses in 2023. The predictions, according to the firm, will help businesses position themselves without putting their organisations at risk. While the Metaverse is not yet ready for prime time, it has begun to create real business value […]

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