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The Latest Breaking News from Mark Zuckerberg

House panel backs away from Zuckerberg contempt vote - Roll Call

A House committee scrapped a Thursday meeting to vote on whether to hold social media mogul Mark Zuckerberg in criminal contempt of Congress.

Roll Call

Meta Platforms Beats Expectations With $32 Billion Q2 Revenue, User Base Continues To Grow

Group's revenue up 11% YoY, ahead of $31.12 billion prediction by analysts; 3.07 billion family daily active people, up 7% YoY.‌

Zenger

Zuck says Threads is a 'Year of Efficiency' triumph

Meta's CEO thinks the company's new Twitter competitor has a shot of being the first public discussion app to reach 1 billion users.

Fortune

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Meta's pivot to AI and Threads is paying off, but Quest 2 profits are sagging

Until the Meta Quest 3 arrives, Reality Labs is only going to continue to hemmorage money. But the company's ad revenue is growing so strongly that it may not matter.

Android Central

Reality Labs posts a 2-year low in revenue, but Meta shares jump on revenue beat

The company exceeded expectations on revenue, reporting a quarterly figure of about $32 billion.

Fortune

Threads users decline significantly despite initial surge in sign-ups

Within a week of launch of Mark Zuckerberg’s answer to Twitter 100 million people signed up, but weeks later there’s been a drop

The Guardian - US

Zuckerberg And Musk Tease Cage Match Showdown

Tech titans exchange challenges in a potential MMA face-off, sparking excitement and speculation.

Zenger

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House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress

Meta CEO Mark Zuckerberg is being threatened with contempt of Congress

The Independent UK

House Judiciary panel plans contempt vote for Zuckerberg - Roll Call

The House Judiciary Committee announced plans to consider Mark Zuckerberg in contempt of Congress over a congressional subpoena.

Roll Call

‌Twitter’s New Logo Raises Concerns About Legal Showdown Over Potential Trademark Infringement ‌

‌Twitter’s New Logo, A Distinct Black-And-White ‘X', Resembles Iconic Unicode Character‌

Zenger

The future of social media: is it time to quit scrolling for good?

X? Twitter? Threads? Instagram? Social media is starting to lose its sparkle somewhat. Is it time for the Great Big Log-off?

Evening Standard

The Week in Detail: Productivity, political slogans, and Healthy Homes

The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.

Newsroom.co.nz

Mark Zuckerberg's Threads traffic is now down 70% from its peak—just 2 weeks ago

User engagement continues to fall after red-hot start.

Fortune

Mark Zuckerberg’s Threads is struggling to hold people's attention like Twitter does

Time spent on Twitter also took a slight knock, yet the total was still far above Meta’s competing app.

Fortune

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Zenger

Tesla’s Stock Surge In 2023 Boosts Elon Musk’s Wealth By $119 Billion

Musk's gains surpass Warren Buffett's net worth, highlighting the impact of Tesla's rebound.

The Conversation

Meta's Threads platform might not be revolutionary, but it poses a challenge to Twitter

The July 5 launch of Threads, Instagram’s new social media platform, has met with considerable interest. Meta CEO Mark Zuckerberg was quick to report that over 100 million users downloaded the app by the end of its first weekend.

Sports Illustrated

Legendary Trainers Share How Zuckerberg, Musk Should Prepare for Fight

A Zuckerberg-Musk bout seems likely. Freddie Roach and Dicky Eklund Jr. explain what the tech titans could do to shape up.

Android Central

Meta AR glasses woes push release to 2027; are smart glasses in trouble?

Technical setbacks with the AR glasses' display has forced Meta to downgrade to a less-advanced option and change the design.

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Fortune

Turns out Threads really is like Twitter. Meta's new app just limited the number of posts users can see after Elon Musk's Twitter did the same

Meta said it would limit the number of posts Threads users could see, echoing a widely criticized decision Twitter made weeks earlier.

Fortune

Mark Zuckerberg just made Meta’s A.I. models open source. OpenAI used to do that, until backtracking because it was ‘just not wise’

The company’s newest large language model, Llama 2, will be available for free in the hopes that it will help Meta better evaluate where its vulnerabilities lie.

The Guardian - US

Meta to make new version of AI model available free of charge on Microsoft

Move gives start-ups and other businesses a low-cost opportunity to compete with OpenAI’s ChatGPT and Google’s Bard

Android Central

Threads, like Twitter, will introduce a rate limit to crack down on spam bots

Threads will look to introduce a rate limit as the platform struggles with aggressive spam bots and attacks.

Fortune

Threads has reportedly lost half of its active users in just a week as Zuckerberg claims ‘10s of millions now come back daily’

"The focus for the rest of the year is improving the basics and retention," Zuckerberg said. "It'll take time to stabilize, but once we nail that then we'll focus on growing the community."

The Guardian - UK

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

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

Newsroom.co.nz

Social media's new revolution

Two decades after Facebook changed our lives, social media is going through another big upheaval.

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