Berliner Boersenzeitung - Twitter chaos leaves door open for Meta's rival app

EUR -
AED 4.053642
AFN 75.858468
ALL 98.941272
AMD 428.188161
ANG 1.993979
AOA 1041.277637
ARS 1070.784186
AUD 1.606669
AWG 1.989305
AZN 1.860502
BAM 1.955272
BBD 2.233947
BDT 132.217263
BGN 1.955847
BHD 0.415991
BIF 3225.628267
BMD 1.103637
BND 1.425715
BOB 7.645107
BRL 6.00566
BSD 1.106426
BTN 92.929728
BWP 14.58619
BYN 3.620803
BYR 21631.280102
BZD 2.230148
CAD 1.491951
CDF 3166.910267
CHF 0.938422
CLF 0.036464
CLP 1006.152747
CNY 7.772808
CNH 7.775871
COP 4616.633883
CRC 571.637744
CUC 1.103637
CUP 29.246374
CVE 110.237705
CZK 25.344793
DJF 197.021218
DKK 7.458714
DOP 66.970991
DZD 146.51355
EGP 53.380923
ERN 16.554551
ETB 132.32694
FJD 2.448196
FKP 0.840484
GBP 0.832733
GEL 3.018482
GGP 0.840484
GHS 17.480672
GIP 0.840484
GMD 77.254687
GNF 9552.288645
GTQ 8.552766
GYD 231.372712
HKD 8.575953
HNL 27.53577
HRK 7.503638
HTG 145.883218
HUF 400.366297
IDR 16992.750066
ILS 4.1779
IMP 0.840484
INR 92.615758
IQD 1445.764129
IRR 46463.106585
ISK 149.609245
JEP 0.840484
JMD 174.590444
JOD 0.782144
JPY 162.09278
KES 142.722233
KGS 93.148399
KHR 4509.862928
KMF 491.504652
KPW 993.27244
KRW 1470.314564
KWD 0.337525
KYD 0.921972
KZT 534.617629
LAK 24384.853448
LBP 98830.669727
LKR 326.389186
LRD 213.82934
LSL 19.240736
LTL 3.258752
LVL 0.667579
LYD 5.236808
MAD 10.792028
MDL 19.356207
MGA 5021.547031
MKD 61.598353
MMK 3584.569081
MNT 3750.157593
MOP 8.847809
MRU 43.86945
MUR 51.042981
MVR 16.941405
MWK 1915.371269
MXN 21.481957
MYR 4.649072
MZN 70.494778
NAD 19.180935
NGN 1844.243551
NIO 40.575183
NOK 11.68762
NPR 148.683797
NZD 1.76679
OMR 0.42491
PAB 1.106401
PEN 4.108285
PGK 4.330395
PHP 62.092791
PKR 306.39713
PLN 4.296108
PYG 8620.865477
QAR 4.018066
RON 4.976847
RSD 117.026357
RUB 105.559532
RWF 1498.574639
SAR 4.142461
SBD 9.151846
SCR 15.179381
SDG 663.834972
SEK 11.354546
SGD 1.428972
SHP 0.840484
SLE 25.215123
SLL 23142.704942
SOS 632.32052
SRD 34.17743
STD 22843.052282
SVC 9.680603
SYP 2772.920348
SZL 19.236237
THB 36.519553
TJS 11.760928
TMT 3.873765
TND 3.360608
TOP 2.584826
TRY 37.76457
TTD 7.504142
TWD 35.353677
TZS 3001.891799
UAH 45.661674
UGX 4063.993756
USD 1.103637
UYU 46.087962
UZS 14112.748838
VEF 3997982.069224
VES 40.693749
VND 27281.90021
VUV 131.025971
WST 3.087383
XAF 655.770864
XAG 0.034878
XAU 0.000416
XCD 2.982633
XDR 0.816487
XOF 649.481261
XPF 119.331742
YER 276.267835
ZAR 19.196387
ZMK 9934.051041
ZMW 28.95983
ZWL 355.37058
  • RBGPF

    59.9900

    59.99

    +100%

  • NGG

    -1.2700

    68.78

    -1.85%

  • AZN

    0.9100

    79.58

    +1.14%

  • GSK

    -0.8500

    39.45

    -2.15%

  • SCS

    -0.3300

    12.87

    -2.56%

  • RELX

    -0.0500

    47.29

    -0.11%

  • RYCEF

    0.0100

    6.91

    +0.14%

  • BTI

    -0.4800

    35.97

    -1.33%

  • CMSC

    0.0100

    24.78

    +0.04%

  • RIO

    -0.3400

    70.82

    -0.48%

  • VOD

    -0.2100

    9.74

    -2.16%

  • CMSD

    -0.0100

    24.93

    -0.04%

  • JRI

    -0.1500

    13.38

    -1.12%

  • BCC

    -1.8600

    139.53

    -1.33%

  • BP

    0.2800

    32.37

    +0.86%

  • BCE

    -0.3900

    34.44

    -1.13%

Twitter chaos leaves door open for Meta's rival app
Twitter chaos leaves door open for Meta's rival app / Photo: Mandel NGAN, Alain JOCARD - AFP/File

Twitter chaos leaves door open for Meta's rival app

Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and he is facing a new challenge as tech nemesis Mark Zuckerberg prepares to launch a rival app this week.

Text size:

Zuckerberg's Meta group, which owns Facebook, has listed a new app in stores as "Threads, an Instagram app", available for pre-order in the United States, with a message saying it is "expected" this Thursday.

The two men have clashed for years but a recent comment by a Meta executive suggesting that Twitter was not run "sanely" irked Musk, eventually leading to the two men offering each other out for a cage fight.

Since buying Twitter last year for $44 billion, Musk has fired thousands of employees and charged users $8 a month to have a blue checkmark and a "verified" account.

On the weekend, he limited the posts readers could view and decreed that nobody could look at a tweet unless they were logged in, meaning external links no longer work for many.

He said he needed to fire up extra servers just to cope with the demand as artificial intelligence (AI) companies scraped "extreme levels" of data to train their models.

But commentators have poured scorn on that idea and marketing experts say he has massively alienated both his user base and the advertisers he needs to get profits rolling.

In another move that shocked users, Twitter announced Monday that access to TweetDeck, an app that allows users to monitor several accounts at once, would be limited to verified accounts next month.

John Wihbey, an associate professor of media innovation and technology at Northeastern University, told AFP that plenty of people wanted to quit Twitter for ethical reasons after Musk took over, but he had now given them a technical reason to leave too.

And he added that Musk's decision to sack thousands of workers meant it had long been expected that the site would become "technically unusable".

- 'Remarkably bad' -

Musk has said he wants to make Twitter less reliant on advertising and boost income from subscriptions.

Yet he chose advertising specialist Linda Yaccarino as his chief executive recently, and she has spoken of going into "hand-to-hand combat" to win back advertisers.

"How do you tell Twitter advertisers that your most engaged free users potentially will never see their ads because of data caps on their usage," tweeted Justin Taylor, a former marketing executive at Twitter.

Mike Proulx, vice president at market research firm Forrester, said the weekend's chaos had been "remarkably bad" for both users and advertisers.

"Advertisers depend on reach and engagement yet Twitter is currently decimating both," he told AFP.

He said Twitter had "moved from stable to startup" and Yaccarino, who remained silent over the weekend, would struggle to restore its credibility, leaving the door open to Twitter's rivals to suck up any cash from advertisers.

- 'Open secret' -

The technical reasons Musk gave for limiting the views of users immediately brought a backlash.

Many social media users speculated that Musk had simply failed to pay the bill for his servers.

French social data analyst Florent Lefebvre said AI firms were more likely to train their models on books and media articles than social network content, which "is of much poorer quality, full of mistakes and lacking in context".

Yoel Roth, who stepped down as Twitter's head of security weeks after Musk took over, said the idea that data scraping had caused such performance problems that users needed to be forced to log in "doesn't pass the sniff test".

"Scraping was the open secret of Twitter data access," he wrote on the Bluesky social network -- another Twitter rival.

"We knew about it. It was fine."

(K.Müller--BBZ)