Insufficient earnings on Twitter suggest that the platform’s advertising revenue may not have rebounded as quickly as previously anticipated.
X Corp brought the lawsuit because the number of requests Twitter received from the defendants points to deliberate attempts at data scraping.
Twitter CEO Linda Yaccarino claims that the traffic at the platform is strong, however, doesn’t provide any specific metric or data for comparison.
In less than a few hours after the launch, Threads received over 10 million sign-ups, a figure that has been growing remarkably since then.
The move has raised concerns within the crypto community on Twitter even as many continue to read various meanings to the decision.
The launch of Threads came at a time when social media enthusiasts were seeking out better alternatives to Twitter due to the newly introduced limitations on the app.
For many years, bad actors have employed social media platforms such as Twitter to post malicious links.
Twitter got its latest shock as Meta unveiled Threads, which amassed millions of users within hours of launch.
Aptos Labs noted that they are currently coordinating with Aptos Foundation to recover and secure the Twitter account.
Elon Musk added that the high adoption of robots and expansion of self-driving vehicles is a significant change that requires proper oversight.
Although there are no specific details on what to expect from Twitter following the money transmitter licenses, insiders believe that Twitter Payments will start offering fiat currency services.
The app is primarily geared towards text-based conversations, and users will have the ability to publish Threads posts with up to 500 characters.
In a recent blog post, Twitter provided an explanation for the imposition of rate limits, highlighting the need to take “extreme measures” to combat the presence of spam and bots on the platform.
The competition in the social media industry is heating up, and Twitter is finding itself in the midst of a dynamic landscape with various rivals vying for user attention and engagement.
The introduction of Threads by Meta will mark the latest chapter in the ongoing rivalry between the company and Twitter.