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BBCNEWS World July 5, 2024

us, you are in time for the top business stories. we start in the us where, as you ve been hearing in the last few hours, meta, the owner of facebook, instagram and whatsapp, has launched its widely anticipated new conversation app, threads. it allows users to create posts of up to 500 characters and is being seen as a clear rival to twitter. threads is available to download in more than 100 countries around the world, including here in the uk, but not as yet in the european union because of concerns over privacy regulations. meta boss mark zuckerberg says 5 million users have already signed up to threads in the first four hours. and many tech industry watchers say it poses a very real threat to twitter. i think threads will pose a huge threat to twitter because it is coming from the matter and instagram family of apps. instagram has 2 million users compared to around 250 million of twitter so about ten times bigger already. of twitter so about ten times biggeralready. ....

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BBCNEWS World Business Report June 4, 2024 04:32:00

Bigger already. of twitter so about ten times biggeralready. if of twitter so about ten times bigger already. if only one in ten instagram users tries using ackery 3com it has overtaken twitter. russ mould is investment director at the brokerage aj bell. hello to you. we first heard about threads on tuesday. since then, meta is at an 18 month high, was up again last night as well. investors like this idea. , ., , idea. they do. it is continuing a massive idea. they do. it is continuing a massive recovery idea. they do. it is continuing a massive recovery in - idea. they do. it is continuing a massive recovery in meta sl a massive recovery in meta s share price. it struggled last year because it feared it profits were hit by an advertising downturn and a recession until entangled in a legal situation in europe where it was a slapped with a fine what the europeans saw as data misuse but it has bounced back incredibly strongly. the us economy has picked up again, advertising seems to ....

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