SpaceX Stock Soars After Historic IPO, Reaches $2.5 Trillion Market Value 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
UK Banks Report Surge in APP Fraud Losses as Pressure Mounts on Meta and Tech Platforms 
U.S. Gasoline Prices Fall Below $4 as U.S.-Iran Deal Eases Oil Market Concerns 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Anthropic Officials Meet White House Over AI Model Outage 
Woodside Energy Denies Exxon Mobil Takeover Talks Amid LNG Growth Focus 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
Lazard Challenges Centerview for Role in Venezuela’s Massive Debt Restructuring 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
Elon Musk Becomes World's First Trillionaire After SpaceX IPO Surge 
U.S.-Iran Peace Deal Extends Gulf Ceasefire, Reopens Strait of Hormuz 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Gold Prices Surge Above $4,300 as US-Iran Peace Deal Weakens Dollar and Oil 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Meta Platforms Inc., formerly Facebook, launched its latest product, "Threads," yesterday in an ambitious move to take on Twitter. Designed for real-time online conversations, this new platform presents a striking similarity to Elon Musk's version of Twitter. It enables users to connect with like-minded individuals over common topics.
According to CNN Business, Meta’s new Threads service was created to offer users a space for real-time conversations online. This is a similar function that is similar to Twitter which has been its main selling point. Moreover, observers said the new app has many similarities to Elon Musk’s Twitter platform, from the layout to the product description.
The Threads app first appeared online when Meta started teasing users about a new place on the web where people can chat endlessly. In the teaser, the company especially stressed the app’s potential to connect and build a following with like-minded people who can come together to discuss similar topics or things that interest them.
“We are committed to giving you more control over your audience on Threads – our plan is to work with ActivityPub to provide you the option to stop using Threads and transfer your content to another service,” Meta said in the announcement. “Our vision is that people using compatible apps will be able to follow and interact with people on Threads without having a Threads account, and vice versa, ushering in a new era of diverse and interconnected networks.”
The social media platform further explained, “If you have a public profile on Threads, this means your posts would be accessible from other apps, allowing you to reach new people with no added effort. If you have a private profile, you will be able to approve users on Threads who want to follow you and interact with your content, similar to your experience on Instagram.”
Finally, Meta confirmed that it has rolled out Threads on Wednesday, July 5, and it will be available to users in more than 100 countries. IOS and Android users can download the app from the Apple App Store and Google Play Store to enjoy the new service.
Photo by: Dima Solomin/Unsplash
