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Jon Keegan

Ads are coming to Threads soon

You knew it was going to happen eventually. Meta will be bringing ads to Threads in early 2025, according to a report by The Information.

Meta CEO Mark Zuckerberg recently said that Threads has 275 million users, and that the platform is adding a million users per day. Threads is closing in on Elon Musk’s X, which is reported to have 332 million monthly active users.

Earlier this year, Instagram lead Adam Mosseri acknowledged the platform would eventually roll out ads. In a post on Threads, Mosseri wrote:

“At the end of the day we’re a business and Threads needs to make enough money to pay for the people and servers that it takes to run the service and provide it to people for free.”

Advertising is the largest source of revenue for Meta, which pulled in nearly $40 billion in ads during the third quarter alone.

The post-Twitter social-media landscape is growing increasingly fractured after Musk’s purchase of the platform in 2022 for $44 billion. Musk’s close relationship with President-elect Donald Trump has driven many users from X. Just last week, 115,000 users left X, which coincided with a massive spike in sign-ups for Bluesky, another Twitter replacement.

Bluesky reported adding a million new users to its user base since the US election last week, bringing it to 15 million users total. And for the first time this week, Bluesky passed Threads on the US iOS app store to reach the No. 1 spot in social-networking apps.

Earlier this year, Instagram lead Adam Mosseri acknowledged the platform would eventually roll out ads. In a post on Threads, Mosseri wrote:

“At the end of the day we’re a business and Threads needs to make enough money to pay for the people and servers that it takes to run the service and provide it to people for free.”

Advertising is the largest source of revenue for Meta, which pulled in nearly $40 billion in ads during the third quarter alone.

The post-Twitter social-media landscape is growing increasingly fractured after Musk’s purchase of the platform in 2022 for $44 billion. Musk’s close relationship with President-elect Donald Trump has driven many users from X. Just last week, 115,000 users left X, which coincided with a massive spike in sign-ups for Bluesky, another Twitter replacement.

Bluesky reported adding a million new users to its user base since the US election last week, bringing it to 15 million users total. And for the first time this week, Bluesky passed Threads on the US iOS app store to reach the No. 1 spot in social-networking apps.

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Wired: OpenAI plans to launch a TikTok like app for its AI videos

OpenAI is planning to launch its own social media app to showcase AI videos generated by its Sora 2, Wired is reporting. The Sora 2 standalone app apparently looks a lot like TikTok with vertical videos, a For You page and the ability to remix videos — which, unlike TikTok, are all created by AI. So far it’s only available internally.

The drawn out TikTok negotiations have given OpenAI a window to launch a short-form video app without ties to China, sources told Wired.

The Sora 2 app also includes an "identification verification feature" that would let users confirm their likeness and let others use it as well.

The Sora 2 app also includes an "identification verification feature" that would let users confirm their likeness and let others use it as well.

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Snap jumps on new revenue stream, continued social media buzz

Snap jumped as high as 5% Monday after the social media company announced that it would be charging users for its Memories features after they reach 5 gigabytes of storage. Snapchat, which has clocked more than 1 trillion saved Memories on its platform, told TechCrunch the Memory Storage plans would range from $1.99 a month for 100 gigabytes of storage to $15.99 for 5-terabyte plans. The fees will be a new revenue stream for the company, whose ad revenue isn’t growing as fast as its peers’.

Snap rose more than 20% this month amid positive r/WallStreetBets chatter, buyout speculation, and increased investment by Saudi investor Prince Al Waleed bin Talal Al Saud. And the US spin-off of TikTok doesn’t seem to be taking the wind out of Snap’s sales.

Robot Among City Ruins

How well can top AI models do these jobs?

An OpenAI benchmark tests how well AI models can perform “economically valuable” jobs.

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Alibaba jumps as Macquarie and Jefferies up price targets on AI cloud demand

Alibaba is up about 4% this morning after Macquarie analyst Ellie Jiang raised her price target on the stock to a Street high of $235.60, up from $177.90, and Jefferies analyst Thomas Chong upped his price target to $230 from $178, based on a strong cloud outlook and synergies in its rapid-delivery model of e-commerce. The duo is among a string of analysts lately, including those at Morgan Stanley, Baird, and Bank of America, to raise their price targets on the stock.

The Jefferies analyst cited the company’s “remarkable progress made in multiple areas,” including foundation models, AI infrastructure, and agents. Alibaba also jumped up last week on news of an AI spending hike, a new model launch, and a partnership with Nvidia.

Separately, Bloomberg Intelligence analysts Robert Lea and Jasmine Lyu highlighted the e-commerce and cloud giant as a key beneficiary of Huawei’s reported plan to double output of its top AI chip next year.

“The doubling of production of Huawei’s marque AI accelerator chip in 2026 could help ease the semiconductor bottleneck at Alibaba, Tencent and Baidu,” they wrote.

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