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Meta Platforms rolls out X (Twitter) rival Threads in European Union; eyes big spike in users

15Dec

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Technology

Meta Platforms rolls out X (Twitter) rival Threads in European Union; eyes big spike in users

[ad_1] Facebook owner Meta's text-based app Threads arrived in the European Union on Thursday, months after its global launch in July, Meta CEO Mark Zuckerberg said. Threads is a spin-off of the Instagram photo app and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase last year."Today we're opening Threads to more countries in Europe. Welcome everyone," Zuckerberg said on Threads. Threads went live in 100 countries earlier this year but not in the EU. Meta officials cited regulatory clarity as the reason for delaying the social network's arrival in Europe. Meta has repeatedly come under the EU's regulatory microscope, especially over concerns about how it uses people's data to serve highly t...

Google says U.S. Justice Department complaint is ‘without merit’

[ad_1] Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is "without merit". Alphabet Inc's Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is "without merit". The company also added it will "defend itself vigorously". The government on Tuesday said Google should be forced to sell its ad manager suite, tackling a business that generated about 12% of Google's revenue in 2021 while also playing a vital role in the search engine and cloud company's overall sales. Google, which depends on its advertising business for about 80% of its revenue, said the government was "doub...

Google Slashes Most Jobs at Area 120 Incubator as Part of Cuts

[ad_1] Alphabet Inc.’s Google has cut most of the jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company. Alphabet Inc.'s Google has cut most of the jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company. Three projects in the incubator will “graduate” later this year, meaning they will be folded into Google, a company spokesperson said Friday. “We have made the difficult decision to wind down the majority of the Area 120 team,” the spokesperson said. The managing partner of Area 120 remains with the company, the spokesperson said. Virtually all other workers who weren't involved in the three projects have lost their jobs, according to two people with knowledge of...