Meta Launches Threads and Musk's Truce with China's Automakers
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 6 July 2023
⏱️ 44 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down how much of a threat Meta's new Threads is to Twitter. Plus, as Elon Musk grapples with competitors to Twitter, he's agreeing to a truce with China's top automakers.
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Edla Loa. I'm I'm Carolina. |
| 0:43.0 | I'm Caroline Hyde at Bloomberg's world headquarters in New York. |
| 0:57.0 | At Ed Ludlow here in San Francisco, this is Bloomberg Technology. |
| 1:01.0 | Coming up, Meta, it's taken on Twitter. |
| 1:03.2 | Threads officially hits the app store and one of 30 million people has signed up already. |
| 1:07.0 | We're bringing the details of the launch. |
| 1:09.0 | Plus, as Elon Musk rapples with competitors to Twitter, he's agreeing to a truce with China's top |
| 1:15.1 | automakers. |
| 1:16.1 | We'll have more on the pledge. |
| 1:17.4 | Tesla and others have agreed to maintain fair competition in the world's biggest EV market. |
| 1:22.4 | And we'll have an exclusive conversation with the CEO of Japanese robotics firm, |
| 1:26.0 | it's AI-driven tell existence. |
| 1:28.0 | Soft Bank backs the company in just raising $170 million for its Series B funding round. |
| 1:34.0 | Well that, there's so much coming up. |
| 1:36.0 | But let's focus on these markets because the exuberance on threads |
| 1:40.0 | is not being reflected by the lack of exuberance in the markets today. We're currently off by 1.3% on the Nasdac. being strong numbers from the private sector when you're looking at ADP, the jobless claims still |
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