Threads could bring in $8 billion in annual revenue, according to analysis, after it reached about 100 million users days after its launch. Cheddar News explains.
Share:
More In Business
Microsoft Faces UK Competition Investigation Over AI Startup Hiring
British regulators have opened a preliminary investigation into Microsoft’s hiring of an AI startup’s key staff over AI competition concerns.
Perjury Charges Could Face Man Who Falsely Claimed to Invent Bitcoin
Perjury charges in London could soon face a man who falsely claimed to be the mysterious creator of the bitcoin cryptocurrency.
Retail Sales Steady in June from May, Showing Shoppers’ Resilience
Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience.
Celebrities and Influencers are Getting $2,000 MRI Scans. Should You?
Celebrities and influencers are helping promote high-tech medical scans that companies claim can help catch deadly diseases, including cancer.
Powell says Fed is More Confident Inflation is Slowing
Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target.
Amazon Prime Day Deals Start July 16
July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day in 2015.
Trump Media Shares Surge After Assassination Attempt
Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump.
Surfer Kelly Slater Drops In On Skincare With ‘Freaks of Nature’
Freaks of Nature offers sustainable skincare for outdoor athletes, focusing on performance and eco-consciousness with innovative formulations and packaging.
Fed Maintains Rates Amid Inflation, Economic Concerns Persist
The Fed maintained the 5.25-5.5% rate in May 2024 due to persistent inflation and a tight labor market amid public concerns about financial futures.
