Meta

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

Meta’s Twitter rival “Threads” launched in over 100 countries on Thursday, allowing users to sign up to the app using their Instagram accounts.

The Instagram companion app, which is being hailed as Twitter’s new chief rival, was launched a day earlier than expected.

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

The penalty against Meta is the largest fine issued under the European Union’s data protection rules.

“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.

Amid TikTok’s explosion in popularity, other social media platforms are trying out their own versions of its signature features.

The Meta-backed platform aims to help kids and teens get naked or sexual content of themselves removed from social media.