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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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Tesla investors like the idea of merging with SpaceX

Tesla is trading up about 1.7% premarket, after reports Thursday that the Elon Musk company was considering a merger with SpaceX, another of Musk's many companies.

That’s a better showing than the stock’s reaction to its better-than-expected earnings a day earlier, after which shares closed down 3.5%. Acquiring a very valuable, entirely different company, it turns out, is a more attractive prospect than watching an existing one’s revenue and profit decline.

Musk is also reportedly considering merging SpaceX with xAI, his artificial intelligence company that recently combined with his social media platform X.

Musk is also reportedly considering merging SpaceX with xAI, his artificial intelligence company that recently combined with his social media platform X.

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WSJ: OpenAI plans Q4 IPO in race to be the first AI startup to enter public markets

OpenAI was the first to the generative AI market with ChatGPT, and now it hopes to be the first of its AI startup cohort to pull off an initial public offering, according to a report from The Wall Street Journal. The $500 billion startup is in a race against its $350 billion competitor Anthropic to IPO, who has also been exploring one.

According to the report, OpenAI is in talks with banks to try for a fourth-quarter IPO this year, which has the potential to be one of the largest IPOs ever, in a year that is expected to see many record breaking tech companies make tap into public markets to raise massive new rounds of capital.

Ahead of a potential public listing, OpenAI is reportedly attempting to raise a massive round of private investment. The company is reportedly aiming to raise $100 billion, with Amazon potentially accounting for up to half that target. Other investors in talks with OpenAI over the private fundraising round include Nvidia, Microsoft, and SoftBank.

According to the report, OpenAI is in talks with banks to try for a fourth-quarter IPO this year, which has the potential to be one of the largest IPOs ever, in a year that is expected to see many record breaking tech companies make tap into public markets to raise massive new rounds of capital.

Ahead of a potential public listing, OpenAI is reportedly attempting to raise a massive round of private investment. The company is reportedly aiming to raise $100 billion, with Amazon potentially accounting for up to half that target. Other investors in talks with OpenAI over the private fundraising round include Nvidia, Microsoft, and SoftBank.

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SpaceX is actually considering a merger with Tesla or xAI: Report

Bloomberg reports that Elon Musk’s SpaceX is considering merging with Musk’s Tesla. Earlier today, Reuters had reported that SpaceX was thinking of potentially merging with xAI ahead of SpaceX’s IPO this year.

From Bloomberg:

The firm has discussed the feasibility of a tie-up between SpaceX and Tesla, an idea that some investors are pushing, the people said, asking not to be identified as the information isn’t public. Separately, they are also exploring a tie-up between SpaceX and xAI ahead of an IPO, some of the people said.

Musk’s companies already have numerous relationships between themselves, including most recently Tesla’s $2 billion investment in xAI. At Tesla’s shareholder meeting last year, shareholders voted to invest in the company but the board didn’t approve the measure due to significant abstentions.

In 2024, SpaceX incurred about $2.4 million in expenses under commercial, licensing, and support agreements with Tesla, and Tesla incurred about $800,000 in expenses for Musk’s use of SpaceX’s jet.

From Bloomberg:

The firm has discussed the feasibility of a tie-up between SpaceX and Tesla, an idea that some investors are pushing, the people said, asking not to be identified as the information isn’t public. Separately, they are also exploring a tie-up between SpaceX and xAI ahead of an IPO, some of the people said.

Musk’s companies already have numerous relationships between themselves, including most recently Tesla’s $2 billion investment in xAI. At Tesla’s shareholder meeting last year, shareholders voted to invest in the company but the board didn’t approve the measure due to significant abstentions.

In 2024, SpaceX incurred about $2.4 million in expenses under commercial, licensing, and support agreements with Tesla, and Tesla incurred about $800,000 in expenses for Musk’s use of SpaceX’s jet.

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