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Threads Reaches 100 Million Sign-Ups in Record Time 

July 11, 2023

Threads, the new Meta-owned rival to Twitter, reached 100 million sign-ups within five days of launching, CEO Mark Zuckerberg said.  The rapid rise in numbers puts Threads ahead of ChatGPT as the…

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Twitter to Limit Recommended Timeline to Verified Users 

March 28, 2023

Elon Musk’s Twitter appears to be entering a new phase of changes and unrest, as the social media platform announced major alterations to its algorithms after a week of mostly bad news. …

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Meta Adds Nearly $100bn to Market Cap After Encouraging Q4 Earnings 

February 3, 2023

Shares in Meta, the parent company of Facebook, surged this week after the company reported earnings that beat expectations and announced it would buy back billions of dollars in its stock.  The…

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Musk to Quit Twitter Role Once Replacement is Found 

December 21, 2022

Elon Musk has announced he will abide by the results of a Twitter poll he posted and resign from his position as CEO of the social media company, but only when he…

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Meta Oversight Board Criticizes Company Over VIP Moderation Treatment

December 6, 2022

Meta, the parent company of Facebook, has been recommended by its own Oversight Board that its system of applying different moderation rules to VIP users risks harming everyday users.  A nearly-50-page advisory…

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Twitter Closes Offices Following Musk Ultimatum 

November 18, 2022

Twitter has closed its offices until next week, amid reports that hundreds of employees have resigned following an ultimatum by new owner Elon Musk.  Employees at the company were told offices would…

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Meta Cuts 11,000 Workers as Revenue Plummets

November 9, 2022

Facebook’s parent company Meta is to cut 11,000 jobs following a catastrophic drop in revenue.  The company’s CEO Mark Zuckerberg said in a note to staff that Meta had become overstaffed and…

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TikTok Reveals Staff in China Get Access to European Users’ Data 

November 3, 2022

The Chinese social video app TikTok has confirmed that some of its employees in China are able to access the data of accounts in the European Union. The company will update its…

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Four Immediate Challenges Musk Faces at Twitter 

November 1, 2022

Elon Musk completed his deal to buy the social media giant Twitter last week, and has already begun implementing changes. The billionaire has installed himself as CEO, dismantled the company’s board of…

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Musk Plans to Cut 75% of Twitter Workforce if Deal Completed — Report 

October 21, 2022

Elon Musk plans to cut the workforce of Twitter by 75% if he finalizes his deal to buy the company, according to a report from the Washington Post.  Twitter has already announced…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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