Meta's Threads: The Rising Competitor to Twitter

Meta's new Threads app, dubbed the "Twitter killer," gained 70 million signups after its launch, prompting Twitter to threaten a lawsuit accusing Meta of unlawfully poaching ex-Twitter employees to develop the app. Alibaba's shares surged after the Chinese government imposed a lower-than-expected fine on its fintech arm Ant Group. Rivian had a successful week with better-than-expected production numbers, news of Amazon deploying its first Rivian vans in Europe, and positive sentiment from Wall Street analysts.