China chipmaker Moore Threads soars 502% after eight billion yuan IPO

China chipmaker Moore Threads soars 502% after eight billion yuan IPO

The listing comes as optimism over the country’s drive for tech self-sufficiency intensifies, fuelled by trade tensions and fears of US technology curbs MOORE Threads Technology, a leading Chinese artificial intelligence (AI) chipmaker, surged in its Shanghai trading debut after raising eight billion yuan (S$1.5 billion) in the year’s second-largest onshore initial public offering (IPO).…

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Bluesky, Threads Gain Millions Of Followers As Users Abandon X

Bluesky, Threads Gain Millions Of Followers As Users Abandon X

Bluesky, the social media startup kicked off by former Twitter CEO Jack Dorsey, has gained 2.5 million new users in the week following the U.S. presidential election, boosting its total user count to 16 million as people flock to the app in search of an alternative to X, the platform owned by billionaire Elon Musk.…

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Brazilians Flock To Bluesky And Threads After X Suspension

Brazilians Flock To Bluesky And Threads After X Suspension

Millions of Brazilians, including the president, have flocked to social media platforms such as Threads or Bluesky, where Portuguese has become the most spoken language in the few days since Elon Musk’s X was shut down in the country. “Is anyone there?” asked numerous Brazilian netizens as they made their first tentative forays onto Bluesky,…

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Threads hits 175 million users on first anniversary

Threads hits 175 million users on first anniversary

THREADS, Meta’s alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. “What a year,” Meta CEO and Facebook founder Mark Zuckerberg said on Wednesday on Threads in announcing the platform had reached the threshold. Threads, which hit app stores on July 5 last year, is a spin-off…

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Threads Hits 175 Mn Users On First Anniversary

Threads Hits 175 Mn Users On First Anniversary

Threads, Meta’s alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. “What a year,” Meta CEO and Facebook founder Mark Zuckerberg said Wednesday on Threads in announcing the platform had reached the threshold. Threads, which hit app stores on July 5 last year, is a spin-off of…

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Meta Rolls Out Twitter Rival Threads In The EU

Meta Rolls Out Twitter Rival Threads In The EU

Facebook owner Meta’s text-based app Threads arrived in the European Union on Thursday, months after its global launch in July, Meta CEO Mark Zuckerberg said. Threads is a spin-off of the Instagram photo app and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers…

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Threads Countdown Teases App’s Potential EU Launch

Threads Countdown Teases App’s Potential EU Launch

The wait could be over for internet users in the European Union keen to sign up to Threads, an Instagram app. Meta-owned Instagram launched Threads in the United States and elsewhere in July but EU users cannot access the platform because the company was wary of Brussels’ regulatory oversight before any roll-out. Now though, when…

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With X’s Musk Under Fire, Biden Joins Rival Threads

With X’s Musk Under Fire, Biden Joins Rival Threads

US President Joe Biden on Monday joined Threads, Meta’s social media rival to Elon Musk’s X, just days after the White House blasted the tech baron for pushing anti-Semitism. “Folks, it’s President Biden,” said his first post, which he made on his 81st birthday. “You’re hearing from me today from a new platform but my…

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