As billionaire Elon Musk’s clash with a Brazilian Supreme Court justice came to a head last week, there were legal twists, insults, ultimatums, defiance and then, finally, capitulation.
A technical issue had caused widespread login issues for more than an hour across Meta’s Facebook, Instagram, Threads and Messenger platforms on Tuesday.
Facebook parent Meta has posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers.
Threads, the simple, bare-bones text-based social network created by Facebook owner Meta, burst onto the scene during a particularly bad week for the rival then still known as Twitter.
Elon Musk says Twitter is losing cash because advertising is still down sharply and the social media company is carrying heavy debt.
Celebrities, lawmakers, brands and everyday social media users are flocking to Meta’s freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk’s raucous oversight of that platform since acquiring it last year.
In a cease-and-desist letter earlier this week, Twitter threatened legal action against Instagram parent company Meta over the new text-based app, Threads.
Tens of millions of people have quickly signed up to Meta’s new app, Threads, as it aims to compete with Twitter.
