Mark Zuckerberg

Musk and Zuckerberg continue to deal blows at each other, even if the cage fight is still metaphorical—for now.

Meta’s Threads app, which shares a similar format with Twitter and is widely seen as Elon Musk’s most significant competition since the billionaire took over the social media platform, was launched Wednesday evening in a surprise announcement. Key Takeaways Instagram, the photo and video sharing behemoth from Meta, has set its sight on expanding its […]

A letter dated Wednesday accuses Meta of hiring former Twitter employees to make a Meta “copycat” of the Elon Musk-owned social media site.

Responding to Musk’s invitation to a “cage match” with Zuckerberg, the Meta CEO posted an Instagram story telling the Tesla CEO and Twitter owner: “Send me location.”

Screenshots of the app, which emphasises safety and reliability, look a bit like Twitter.

“Meta’s challenges were largely temporary,” says one analyst as shares of the Facebook parent mint a 92% rally this year.

The Facebook parent had its largest daily stock gain in a decade the day after its last earnings report.

Shares of the Facebook parent rose 4% following the announcement and are up 50% year-to-date.