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- The Launch of Threads by Meta and the Ensuing Controversy
The Launch of Threads by Meta and the Ensuing Controversy
The Launch of Threads by Meta and the Ensuing Controversy
This is the New Money Talks Newsletter, packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!
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In this edition of our newsletter, we delve into the recent launch of Threads, a new social media app by Meta Platforms, and the controversial legal threat from Elon Musk's Twitter.
Threads: Meta's New Social Media Challenger
Meta Platforms, formerly Facebook, has made a bold move by launching Threads, a direct competitor to Twitter. Looking to leverage its strong user base and advertising platform, Meta has introduced Threads as a less toxic version of Twitter. The app features short text posts and has gained millions of users within hours of its release, including some well-known celebrities and politicians.
Meta's Stock Soars
The anticipation and success of Threads' launch have positively impacted Meta's financial position. The company's stock rose by 3% ahead of the app's release.
Elon Musk's Twitter Threatens to Sue Meta
Just hours after the launch of Threads, Twitter threatened legal action against Meta. In a letter to Meta CEO Mark Zuckerberg, a lawyer representing Elon Musk accused the company of unlawfully using Twitter's trade secrets and intellectual property. This escalation between Musk and Zuckerberg adds another chapter to their ongoing rivalry.
Meta Responds to Accusations
In response to the accusations, Meta spokesman Andy Stone stated, "No one on the Threads engineering team is a former Twitter...". This assertion is Meta's first line of defense against Twitter's lawsuit threat.
CEO of Limitless Financial Solutions
Meet James Jiang, the industrious entrepreneur behind the success of Limitless Financial Solutions LLC. Rising from humble beginnings in his mother's basement, James has become a prominent figure in the credit industry, earning him the title of "credit industry's most controversial icon."
Throughout his career, James has been a beacon of hope for over 1,200 individuals, restoring their credit scores to a respectable 700. His ground-breaking method of utilizing credit as a means to establish lucrative assets such as Facebook shops has empowered thousands to break free from the shackles of conventional employment.
As the CEO of Limitless Financial Solutions LLC, James has overseen the provision of over $15 million in funds for clients, leading a robust team of over 65 dedicated employees. His unique narrative of success and unconventional approach has garnered the attention of prominent media outlets, including Yahoo Finance, The New York Times, and Calabasas Daily.
In addition to running his thriving business, James invests in the real estate market in Dubai. His journey embodies the power of persistence, innovation, and strategic financial leverage.
Tweet of the Day
I love how T*reads was a failed messaging app launched by Meta in 2019 to compete with Snap.
They hopped back on the horse.
Reused the name.
And took aim at another competitor.Capitalism is beautiful.
— Alex Lieberman (@businessbarista)
6:29 PM • Jul 6, 2023
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