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After narrow leadership earlier in the year, broader participation in this year's stock market rally helped turn aside one of the most popular bear cases that nagged markets into the summer months.
Meta recently launched a new app that's a direct competitor to Twitter. It's called Threads, and Meta's Mark Zuckerberg said it has garnered 50 million sign-ups in its first five days. WSJ's Salvador Rodriguez says the new app poses the biggest threat to Twitter, fanning the flames of a long rivalry between Twitter’s Elon Musk and Meta’s Zuckerberg. Further Reading: - Day After Threads Launches, Twitter Accuses Meta of Using Its Trade Secrets Further Listening: - Twitter’s New CEO: The Velvet Hammer - What’s allowed on Elon Musk’s Twitter?
Reels are playing a billion-dollar part in Meta's growth, giving it muscle in its contest against Snap and TikTok
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The outage affects Microsoft cloud platform Azure for hoursMany other Microsoft services were successful, including Groups and OutlookMicrosoft says most
Meta hasn't been this broke since 2016. The financial report of the company is simply a disaster for the company.