The Intelligence from The Economist

Clone wars: Meta’s Threads takes on Twitter

7 snips
Jul 6, 2023
Tom Wainwright, Technology and Media Editor for The Economist, discusses Meta’s Threads as it challenges Twitter under Elon Musk’s leadership. He highlights how Threads leverages Instagram's user base and Twitter's current struggles to attract users. Meanwhile, Greg Karlstrom, the Middle East Correspondent, delves into the economic crises in Arab countries like Lebanon and Egypt, examining their struggles for IMF assistance amid inflation and political tensions. The conversation also playfully touches on the fascinating yet invasive monk parakeets thriving in Brooklyn.
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ANECDOTE

Zuckerberg vs. Musk

  • Elon Musk challenged Mark Zuckerberg to a cage match on Twitter.
  • Zuckerberg accepted, suggesting the Vegas Octagon.
INSIGHT

Threads Launch

  • Meta launched Threads, a rival to Twitter, with 10 million sign-ups in the first few hours.
  • This comes after Musk's turbulent eight months at Twitter, marked by layoffs and declining ad revenue.
INSIGHT

Zuckerberg's Image

  • Zuckerberg, once synonymous with privacy invasion and misinformation, benefited from Musk's controversial Twitter management.
  • Musk's actions shifted the focus from Zuckerberg, giving him a less polarizing image.
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